Comments (42)

Nov 16, 2010 - 8:07am
International Pymp, what's your opinion? Comment below:

I've heard consistently, from multiple friends who work/worked there that Lazard has some of the toughest hours and one of the coldest, harshest work environments in the game --- no one above you will have any mercy whatsoever. That being said, it has perhaps the best name out of all those you listed (in my mind). No idea about the others really, though I see people on this site post that they really like it at Greenhill (nice people, slightly better hours, etc).

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Nov 16, 2010 - 9:54am
drexelalum11, what's your opinion? Comment below:

As Int'l Pymp says, LAZ has a rep for being a particularly brutal workplace. I have heard good things about both GHL and PWP from people who work there, in terms of both bearable hours and nice people. From the few people I know at EVR, it seems a bit colder and more impersonal, though I don't know that many people there so shouldn't comment too much. Don't know much about HLHZ.

Nov 16, 2010 - 10:39am
analystforhire, what's your opinion? Comment below:

Echo above comments on LAZ and GHL. Don't know much on PWP or EVR, but HLHZ depends on NY/LA. I have heard LA is a sweatshop, especially for restructuring. NY Restructuring is also supposedly brutal, although the slowdown in that side of the business could potentially lighten the load a bit. Also, have heard exit ops don't justify the hours and culture, relatively to the exit ops from the other shops (bar perhaps PWP which seems to be a step behind the others, maybe because they do a lot of direct promotes).

Nov 16, 2010 - 11:34am
asb201, what's your opinion? Comment below:

Just sayin', I had an info interview with someone at PWP NYC a few weeks ago, and he was by far the coldest banker I've ever talked to. With that being said, I know I shouldn't base my opinion on the firm off my experiences with one banker, but I was really taken aback.

Array

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Nov 16, 2010 - 11:37am
Mzzzz, what's your opinion? Comment below:

The worst analyst horror stories I know all come from Lazard. With that said, it is a great place to work if you want to learn a fking ton.

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Nov 16, 2010 - 12:17pm
metalasian, what's your opinion? Comment below:

Everything I've heard about HLHZ (at least NY) is that its a lifestyle bank. I know 2 kids who worked there (one was there even in 2008-2009) and they said they would get at 7pm-8pm regularly and barely worked weekends. Of course this is anecdotal evidence from a very small sample size so take it with a grain of salt.

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Funniest
Nov 16, 2010 - 1:25pm
2x2Matrix, what's your opinion? Comment below:

.

One of those lights, slightly brighter than the rest, will be my wingtip passing over.
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Nov 16, 2010 - 1:33pm
asb201, what's your opinion? Comment below:
2x2Matrix:
A couple years ago a Lazard (NY) interviewer asked: "How many hours are there in a week? Great, how do you feel about working 120 of them?" My buddy who was being interviewed had the impression that the interviewer wasn't joking.

hahahaha

Array

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Nov 16, 2010 - 4:08pm
Mzzzz, what's your opinion? Comment below:
2x2Matrix:
A couple years ago a Lazard (NY) interviewer asked: "How many hours are there in a week? Great, how do you feel about working 120 of them?" My buddy who was being interviewed had the impression that the interviewer wasn't joking.
lol. Add to that a very impersonal culture, and working at LAZ could be horrific. Again, it comes with some very good experience though.
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Nov 16, 2010 - 1:33pm
manbearpig, what's your opinion? Comment below:

Wow, 120 hours. That's fucking brutal. I had my first 75 hour week last week and it was terrible. I can't even imagine 120.

-MBP
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Best Response
Nov 16, 2010 - 4:32pm
CapToed, what's your opinion? Comment below:

HLHZ is definitely elite, although they may be known better for their fairness opinions. Anyways, I know an associate over at HLHZ and he is worked like a horse - he has mentioned to me that staying past 2 AM occurs more often than not. Keep in mind, that they are currently very busy and have alot in the pipeline. Futhermore, I hear the pay is quite generous.

Nov 16, 2010 - 5:32pm
treynorblack9999, what's your opinion? Comment below:

I met a guy from PWP through networking the city last week, very helpful and offered to drill me on technicals. He says that he sees Weinberg and Perella quite often. I was very impressed.

HLHZ I heard is pretty good too.

Why is Moelis & Co. not here? Did you apply to Moelis?

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Nov 16, 2010 - 5:49pm
rainman89, what's your opinion? Comment below:

Evercore and Greenhill have more friendly cultures from what I hear from people working there. PWP also treats their analysts well (they only have 6 in NY) and Perella writes your business school recs personally. Not sure about overall culture but I hear they really take care of their analysts.

Nov 16, 2010 - 8:23pm
boutiquebank4life, what's your opinion? Comment below:

"although they may be known better for their fairness opinions. Anyways, I know an associate over at HLHZ and he is worked like a horse - he has mentioned to me that staying past 2 AM occurs more often than not. Keep in mind, that they are currently very busy and have alot in the pipeline. Futhermore, I hear the pay is quite generous."

That has nothing to do with anything. End ruling: not elite.

Nov 16, 2010 - 8:49pm
bunkerbanker, what's your opinion? Comment below:

Evercore is top notch. Caveat is not every analyst gets top level deal experience. No matter how large the deal is (e.g. CenturyLink), there is still only 1 analyst on the deal, usually that person is not a first year. Know people who went to Warburg Pincus this past year also know people who went to no name PE.

Lazard needs to fix its hiring. Over half of the summers did not get return offers. Hot blonde (9 or 9.5 without beer goggles) in their first year class though.

HLHZ is not an elite boutique.....

Nov 16, 2010 - 8:52pm
Jorgé, what's your opinion? Comment below:

Wasn't Lazard the place where the MD's throw printers at analysts?

People like Coldplay and voted for the Nazis, you can't trust people Jeremy
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May 17, 2011 - 3:19am
Recap, what's your opinion? Comment below:

Alumni worked at Lazard. He said it was absolutely brutal. Their culture is super tough and the people don't give a crap. Having said that, the exit opps are quite good.

Jul 1, 2011 - 12:35pm
TechBanking, what's your opinion? Comment below:

My mentor from early in my career is now a MD at Greenhill. He loves it there, and if he is an indication of the type of senior people they have there, it would be a great place to work. He's the single best person I ever met on Wall St - highly knowledgeable, great with clients and a genuinely good person.

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Nov 27, 2011 - 3:12pm
go.with.the.flow, what's your opinion? Comment below:
KenUDiggit:
Wow someone's going ape shit on this topic

some monkey's got diarrhea and cant help throwing it on everyone hahahahaha

Feb 28, 2012 - 12:10pm
skovicborne, what's your opinion? Comment below:

So how are the working hours at Houlihan Lokey? Cause I've heard some staying until very late and then I read here that people can also leave earlier? Is there a face time at Houlihan like at Lazard. And why is Lazard regarded as so tough, since I met people that claim that everyone there seems to be very friendly..

Feb 28, 2012 - 8:31pm
cgruene20, what's your opinion? Comment below:

I think culture at Lazard greatly depends on the team. HL has no face time I think (but not entirely sure). Culture is claimed to be best on the street though.

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Feb 28, 2012 - 8:31pm
cgruene20, what's your opinion? Comment below:

I think culture at Lazard greatly depends on the team. HL has no face time I think (but not entirely sure). Culture is claimed to be best on the street though.

Feb 28, 2012 - 8:32pm
HireUp212, what's your opinion? Comment below:

Culture and work at elite boutiques vs BB (Originally Posted: 08/18/2010)

For those knowledgeable, what are the differences in culture and actual work done between Elite M&A boutiques and coverage groups at a BB IB? Has anyone seen both sides?

i'll start things off with a basic list of what I've heard, but I could be off...

1) Lot less pitching at boutiques vs BB2) More open culture and more tight-knit for boutiques vs. BB3) Better hours (usually, depending on the firms) for boutiques 4) Less BS in general at boutiques - less pitching, fewer layers on a team, more deal-focused than client service-focused, more transparency, etc 5) Obviously more M&A work at an M&A boutique vs. a BB where you also do other products 6) Better name recognition and thus exit opps at a BB??

Feb 28, 2012 - 8:35pm
Ricqles, what's your opinion? Comment below:

better hours huh..

for some westcoast shops yes

if you are talking about Moelis,BX, Lazard, you are in for a big surprise

You do more deal focused stuff as opposed to a lot client relationship pitching, which IMO is bs

boutiques ( the known ones) usually pay better too from what the numbers I heard across ( lazard might be an exception, I heard their numbers are low as hell but I can't confirm if it's true or not)

Also, you will do a lot more M&A stuff as opposed to capital market stuff ( most boutiques have rest and m&a team and that's it)

However, base don my personal experience, you also run the risk of being the one handling all the work (my last two nights were not fun at all...)

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Feb 28, 2012 - 8:36pm
HireUp212, what's your opinion? Comment below:

Are the analysts actually getting good modeling / M&A experience? Or are the boutiques just like secondary advisors with a lead BB handling all of the important stuff... I don't really understand how the boutiques have the capabilty to fully run the big deals that they all claim they've been on.

Feb 28, 2012 - 8:37pm
Affirmative_Action_Walrus, what's your opinion? Comment below:
HireUp212:
Are the analysts actually getting good modeling / M&A experience? Or are the boutiques just like secondary advisors with a lead BB handling all of the important stuff... I don't really understand how the boutiques have the capabilty to fully run the big deals that they all claim they've been on.

yeah dude, they are just secondary co-runners and underwriters on merger deals. their name is always in small print on the merger tombstone

analysts at elite boutiques just learn how to price equity bonds from the syndicated traders

Feb 28, 2012 - 8:38pm
boutiquebank4life, what's your opinion? Comment below:

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Jul 20, 2021 - 2:26pm
NewIndustryHorizon, what's your opinion? Comment below:

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Dec 24, 2021 - 4:53pm
ECM GUY, what's your opinion? Comment below:

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