I've read and heard a lot about how Lazard pays relatively low compared to the bulge brackets and very low compared to the other top elite boutiques. However, I don't know if this information is true, outdated or false.
I was wondering if anyone has any insight/views on this?
This is for London btw.
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Can't speak for London specifically, but in New York the pay is on par with BBs and below basically all EBs.
Any idea why this is the case? Considering they're one of the top performing EBs surely they should be paying above the BBs and on par with other EBs?
They pay on-par.
London, overall, is lower than NYC though (across most banks). Base London IB pay is around 50-55k GBP, and with the current exchange rate, that's about 30-36% below NYC base of 85k USD. However, some select shops in London will dispatch a larger bonus %.
Thanks! Ah yes, I have heard before that some of the US BBs/EBs pay their bonuses in dollars globally and convert it to whatever currency the office has, so I assume in the case of London with the weak pound then the bonuses for those places will be a high due to the exchange rate. Not sure whether this is true at all though.
So Lazard pay is below other EBs in nyc? Can someone confirm that? Why??
I assume originationmgmt meant they paid on par with the BBs in London, so I guess they also pay below other EBs in London too?
But yeah I don't know why considering Laz is one of the top performing EBs you'd expect them to pay above the BBs and on par with the other top EBs. I guess one possible reason is due to the prestige of Laz, with a name like them I guess they can afford to pay less as they know people will stay for the brand name/prestige. That's my guess.
Yeah that's probably right.
Yup, top bucket last year was lower than bottom bucket at another EB
I have a company dinner coming up. I will ask them.
Thank you!
LZD in LDN pays 50-55k pounds, on par with the BBs. Some other EBs might pay more than that.
Thanks for the info :) any idea on first year bonuses?
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