Incoming FT 2023 analyst. Was pretty sure I would be going to CS but with all the news not so sure. Then I had a sitdown with a former CS tech guy who himself left this year. Says they lost 9 out of 12 MDs and filled them up with people from the likes of BMO, SunTrust, Wells, and dealflow completely dried up. If I have offers from CS and LAZ tech, should I go with Lazard or is CS still a better shop?
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did you interview with Lazard NY or SF?
Laz SF is a top tech group on the street. I interned at CS and would almost recommend any group at CS other than tech
Edit: idk why I’m getting MS I interned in a top CS group and the interns in the group that I knew hated it. Laz SF is widely recognized as a top group
Laz SF Tech > CS Tech > Laz Boston Tech. SF Tech has solid deal flow and also does quite a lot of retainer "strategic advisory" work (and they're basically Google's corp dev team). Culture there is solid, and exits are great (know of historical exits to TB, Silver Lake, FP). Boston Tech's deal flow is much weaker, although I believe juniors are cross-staffed with SF so that evens out deal flow a bit, and exits are weaker than SF but still solid, but culture is very rough (also if you're not the Northeast prep school type you won't fit in at all).
is the entirety of boston just Northeast prep school culture? (not even talking about just lazzy boston tech)
Close friend who works at Cs tech tells me bonus has been sh*t and they are doing nothing but pitching this year. They also lost hundreds of millions on the Citrix deal. WLB is pretty good though I hear.
Honestly question the accuracy of info from current CS analysts, alum in SF told me the opposite and that they're winning mandates which made no sense to me
Lol this one’s cap, they were better than Barclays and MS but worse than citi and Goldman , that being said the EB BB pay gap is getting a little ridiculous nowadays
Depends on location. CS NY > Laz SF but if they're both SF, roughly equivalent. If possible, wait until CS earnings call to decide.
OP is right about those new MD hires. You can check on the bank's website and their linkedins. One mid-level banker I know from the group told me they are having one of the worst years since 2008
Laz Tech was always a better group than CS Tech lol
sour incoming cs analysts throwing MS on any negative comments as usual lmao
Lazard any day. Why is this even a question
@op where did you intern if you dont mind me asking?
Know people in both groups. CS NY > Laz SF purely from recruiting perspective. Deal flow doesn’t matter when recruiting is this early. Only risk is if CS fails before next year.
thanks - could you speak to exit opp/experience at both of these CS NY and Laz SF?
Easier to get NY/SF MF/UMM from CS NY.
Brother since when was any group at LAZ worse than CS? Troll post?
Big bofa guy
Bro works at BofA and thinks he can shit on any bank
.
Lazard Tech def more prestigious, higher comp, and better exit opps. Take it and thank me later.
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