MS Menlo vs Lazard SF

Hi,

Considering offers to Lazard SF or MS Menlo as an MBA associate. I previously worked as a tech PM before b-school. Would love to hear your thoughts on exit opps, total comp, junior banker experience, etc. I know MS Menlo is one of the best but also thoroughly enjoyed my experience meeting all of the Lazard folks (I found them sociable and intellectually curious, people had diverse backgrounds). 

Thank you! 

MS Menlo vs Lazard SF

MS
73% (113 votes)
Lazard
27% (42 votes)
Total votes: 155
12 Comments
 
Most Helpful

Both great, MS is traditionally stronger in the tech space due to their senior leaders and strong ECM arm (which gets them on pretty much every big tech IPO). However, they are known to have really poor WLB and below street pay. Lazard is based in SF which is a lot more fun for a young individual (I’m based in the bay so I know both menlo and sf pretty well). Lazard also offers great experience and has some pretty impressive clients from Google to IBM. If it were me, I’d take Lazard, but can’t go wrong with either. 

 

Not entirely true. Heard that the WLB has improved since peak tech during covid due to cultural changes from the top. Pay is in-line with other BB banks. Have friends at both banks, the ones at MS are very confident in their exit opportunities because of the deep alumni and brand name deals.

 

Iusto laboriosam et pariatur voluptas recusandae dolorum. Est facilis sint repellendus sint est numquam. Expedita tempore rerum est iure deserunt. Voluptates ut possimus cupiditate incidunt aut rerum dolore voluptatibus.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”