Lazard SF 2024?
What are your thoughts on Lazard SF's tech group as of 2024. Heard really good things about it.
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Double check your info and look at recent exits, growth, deals, and turnover
so what are your thoughts then? without me looking at the data immediately
ignore title, in tech bank SF. it’s a good group nonetheless but nowhere close to as much as they hype themselves up. They do a lot of advisory for strategics and also large cap mandates. Almost like outsourced corpdev. They claim to be pretty chill but it’s all a facade - I personally did not like the group when I interviewed with them (and no it’s not because I was rejected, I’m at a place that would be considered better for tech banking). “You go to X school so these questions shouldn’t be hard for you” “I chose this career because I like validation”. I kid you not those words came out of the words of principals.
Honestly at the end of the day it’s a job that is prestigious and will set you up well. But honestly I would take quite a few banks in the tech scene over them. Gs/ms/q/evr/moe/cvp/and maybe even pwp. The guys at pwp have it so chill for banking and get pretty decent exit opps too (I promise I’m not at pwp lol).
hmm interesting. I thought this group was right behind the big 3 (Q, GS, MS)
No? Like where the f did you get that information from.
Never was and unlikely to be
The group does a lot of strategic advisory work on retainer, and they have solid deal flow overall in a slow market (recently announced the hashicorp deal). Behind the top tech banks (q, gs tmt, ms menlo) but would put on par with evr menlo and above other EBs (cvp pa, moelis sf, pwp sf). Overall a solid place to be in for tech banking.
Citi was the lead advisor on the IBM/Hashicorp deal, and Lazard might have gotten credit as a non-lead.
Nonetheless, Lazard tech's deal flow has been weak and declining, especially after their key rainmaker left the group. They're overrated on this forum and definitely multiple tiers below MS Menlo / GS TMT.
Heard solid things
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