I was wondering how Lazard SF tech culture has been recently, how much they pay analysts after bonuses, how the exits are for PE, and how many people work in their office. I'd also be interested in their Boston office, but mostly curious about SF.
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Based on the most helpful WSO content, here's a breakdown of the Lazard SF tech group, focusing on culture, compensation, exits, and team size. While specific details for 2024 might not be directly available, we can infer from recent discussions and trends:
Culture: The culture at Lazard SF, especially within the tech group, has been described as relatively good. It's noted for being a bit less traditional compared to other investment banking offices, with a significant amount of consulting-like work on retainer for corporates. This implies a collaborative environment where analysts might engage in diverse projects beyond typical M&A transactions. The culture is also described as "pretty chill" compared to other firms, which could indicate a more balanced work-life approach within the high-stress environment of investment banking.
Pay and Bonuses: While specific numbers for analyst compensation post-bonuses aren't provided in the context, investment banking analysts at prestigious firms like Lazard can expect competitive salaries combined with substantial bonuses. These bonuses often reflect the firm's performance, the individual's contribution, and the market standard. In high-cost areas like San Francisco, firms tend to compensate accordingly to attract top talent.
Exits: The exits from Lazard SF's tech group have been strong, particularly towards growth equity and venture capital, with mentions of exits to prominent firms like TCV and CVC. There's also a note of top buyout exits, including Thoma, Silver Lake, and Clearlake. This suggests that analysts in the Lazard SF tech group have a broad range of exit opportunities, especially in the tech-focused private equity and venture capital space.
Team Size and Office Dynamics: Specific details about the team size in the Lazard SF office aren't provided. However, the mention of cross-staffing with the Boston office suggests a collaborative approach that might extend beyond regional boundaries, indicating a potentially medium-sized team that leverages expertise across locations.
Boston Office: While your primary interest is in the SF office, it's worth noting that the Boston office is mentioned in the context of cross-staffing with the SF tech group. This could imply a close working relationship between the two offices, especially on tech deals, although specific details about the Boston office's culture, pay, exits, and team size aren't provided.
Remember, the landscape of investment banking, including aspects like culture, compensation, and exit opportunities, can evolve. It's always a good idea to seek the most current insights from professionals in the field or recent alumni of the firm.
Sources: Barclays Menlo vs Lazard SF vs PWP SF, Banks with best cultures, Banks with best cultures, Lazard vs Moelis Chicago Offices, Lazard Clarification
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