Elite Boutique Hours & Culture

longbeach88's picture
Rank: Chimp | banana points 7

Have offers from a few of the listed boutiques:

Lazard
Greenhill
Evercore
HLHZ
Perella Weinberg

Would be interested in the hours and overall work culture/environment at these firms.

Thanks.

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Comments (39)

Nov 16, 2010

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

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.

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Nov 16, 2010

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

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.

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Apr 26, 2018

.

Nov 16, 2010

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.

Nov 16, 2010

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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Nov 16, 2010

"Well, you can do whatever you want to us, but we're not going to sit here and listen to you badmouth the United States of America."

Nov 16, 2010

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.

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Nov 16, 2010
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

Nov 16, 2010
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

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.

Nov 16, 2010

HLHZ is not elite.

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Best Response
Nov 16, 2010

for rest hlhz is one of the top. But anyways, hlhz rest LA has a pretty good culture. Greenhill has good people. Not sure about evercore. PWP works you hard, but they pay a lot. Lazard is just brutal

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Nov 16, 2010

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.

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Apr 30, 2011

are all these posts all based on one wallstreetoasis post from years back or from personal anecdotes/friends?

Nov 16, 2010

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

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

"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.

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Nov 16, 2010

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.....

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Nov 16, 2010

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

May 17, 2011

Evercore, straight up.

Still I Rise

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May 17, 2011

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

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.

Jul 1, 2011

?geez...who's throwing all the monkey shit

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Jul 1, 2011

Wow someone's going ape shit on this topic

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Nov 27, 2011
KenUDiggit:

Wow someone's going ape shit on this topic

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

Feb 25, 2012

bump would like to reopen this thread

Feb 28, 2012

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

?

Feb 28, 2012

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

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

You know.... there is a reason why Lazard sends out 12'' dildos with their FT offers...

Feb 28, 2012

Who have you been talking to???

Better hours for boutiques??? Have you talked to anyone from Moelis, BX, etc (I'm assuming the answer is no since they wouldn't have time)

Feb 28, 2012

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...)

Feb 28, 2012

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
Feb 28, 2012
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