Lazard Middle Market - Sweatiest of Shops
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Any info on LMM Chicago office?
Not much, but from what ive heard MD and Director both super nice. Pretty laid back, will work hard when its busy but don't make it harder than it needs to be.
Thanks 👍
Sorry to hear that brother. As the great philosopher Marshawn Lynch once said "take care of your mentals and take care of yo chickens". Those are words to live by. No job regardless of pay or possible future outlook is worth physical or emotional damage/trauma. Look to lateral, plenty of opportunities. Have several friends at Blair who have manageable lives, get paid well, and aren't being driven to the grave. Stay strong and best of luck.
Np, just lateral to Moelis LA
i had someone reach out to join this group. I mentioned it has the lazard name so I wasn't too excited to join a known sweatshop. "Oh dont worry, its lazard middle market, they have more sensible midwest values...definitely a stronger WLB"
I didnt believe them. dropped out
Last I checked LMM name is gone and it's only Lazard
Laz Freres was dropped - still 5 offices in the US bearing LMM.
I think that was just for the tech team. As far as I know, LMM tech merged with the big Lazard team. Would be great to hear an update on how that team is doing and if they are focusing more on mm or large cap.
just to clarify so LMM bankers in that team are now Lazard bankers and can recruit as such??
If you’re the sole analyst I feel like you could have some leverage to push back, no?
I think he tried that, think it got better for a bit and picked up again
I see. Well the silver lining is that he works in America and this is the digital age, so hopefully we can find a new gig in this frothy hiring market.
This is awful...shame on Laz MM and all those who enable this...
Damn
Piper's a sweatshop? News to me, but I work for a legacy Sandler O'Neil FIG group for them.
We need a post like this (and like the OG Piper post which was pure gold) for BB, i.e. for JPM
CFR is definitely the worst of the bunch. They've always been understaffed, had tremendous junior turnover and a cult-like culture that is separate from the rest of the bank because of their dedicated analysts, etc. They've got some good bankers, but they aren't people that you ever want to spend time with or socialize with outside of work. This is the type of group that loves to make people do strategic idea decks and other random PPTs for effectively no reason.
I never got the sense Business Services was as bad in terms of work-life balance, though that group has been crushing it lately.
Haven't known anyone there for awhile, but surprised to hear this is the case. I knew an analyst that worked there a few years back, and he had nothing but good things to say. Did they have turnover at the MD level that changed things?
In CFR? It's been a issue there for many years now. There's been a few analysts that have quit after a few months.
friend who is joining says that CFR is merging with Freres so I wonder whether the situation will improve post-merger & whether Freres bankers will get staffed on MM
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