I've found this website to be immensely helpful throughout college and the beginning of my banking career. I thought I would return the favor by having an informative discussion around the current elite boutique landscape in the U.S. (although EB bankers elsewhere feel free to chime in). I think it's fair to say that EBs are becoming increasingly popular choice for undergrads going into finance, especially at target schools. For context, I'm a former EB analyst who spent two years there before leaving for private equity. My initial thoughts here obviously reflect my experience, but they're
15 Jan 2021
Diversity recruiting has been the subject of several posts over the last few weeks. Although there are existing WSO posts that try to aggregate opportunity for diverse candidates, this one aims to be an exhaustive list that includes all the introductory programs and formal internship pipelines offered by firms on the street so candidate are aware of these opportunities. As new opportunities continue to be created, I plan to update this list. diversity investment bank programs The opportunities are separated into two buckets: introductory programs and internship opportunities. Introductory
03 Jan 2017
Hi, sophomore interested in IB and from target school here. for some background, recently got invited to Lazard's Houston sophomore women's event (which is epic not going to lie). however, a little torn because I have pretty much no interest in the Houston office and am more interested in their SF and NY offices. (also I'm p sure Lazard told us to only apply to one event, but I didn't see that because it's in 12 point font on the 3rd page of the flyer they passed around...) if I go, will I automatically be taken out of consideration for the office events that I care more about? or should I
06 Mar 2021
Hi all, This entertaining post is for the history and financial history monkeys out there. What is your favorite financier of the past and why? Most of us have read about the Weinbergs and Rohatyns of the past but I'd like to hear about the less known but equally inspiring figures of the 20th century and older. Cheers! Torero
03 Feb 2018
Anyone heard back from Lazard on admittance to the Sophomore Diversity Program? Supposedly set to hear back today for the NYC program -- curious if anyone's received notice.
04 Mar 2021
We all know that Investment Banking is difficult to get into, and very time consuming once you are in it. You guys all work hard for your money and spend many hours of your day just trying to juggle in tasks without messing up. So how do you guys feel when there are: * Teenage Rappers making more money than you, without having a proper education and just using slang words over a beat with tons of bass, and charging $50k per show at a crappy night club. (Lil Pump.) * Athletes making tons of money (Kevin Durant, Lionel Messi, Lebron James, Odell Beckham Jr) while living the life with
21 Sep 2017
Whenever I was asked this question, I never gave a bullshit answer. I said that obviously the hours aren't a pro of working in this industry, but its not something that i necessarily mind and it will help me learn a lot. I also brought up my student loan debt and that I really wanted to pay it off. Interested to hear other perspectives on this.
17 Sep 2019
I was wondering if it is harder to land an offer from an elite boutique (Lazard, Moelis, Perella Weinberg, etc) or from a Bulge Bracket (Morgan Stanley, Goldman Sachs, BofA Merrill Lynch, etc)?
21 Dec 2020
Hi there! I have an interview at Lazard coming up and prepared a response to the question "Why Lazard?". However, I am not sure if it is fully accurate. My thinking is that Lazard's business model as an independent financial advisory firm is very appealing. As I understand it, Lazard only advises and does not provide underwriting or "balance sheet bank"-like services and can therefore focus only on giving the best advice. This leads to lasting and meaningful client relationships which, in turn, allow the firm to give graduates a lot of responsibility early on and creates a more collegial work
22 Nov 2020
Hey y'all, I have been sifting through WSO trying to find some info on Lazard (as a firm) and, more specifically, Lazard's Sophomore Diversity Days with no luck. The information/insight that I came across was either not relevant or outdated. That said, can anyone shine some light on: * What to expect/how to prepare for Lazard's Diversity Day * Lazard's current standing * Lazard's deal flow * Lazard's comp * Exit ops from Lazard * Any info you feel is relevant I really want to make a solid impression, so thanks in advance for this :)
17 Mar 2019
How do you value each firm under the parameters (in order) of: a) Exit Opps, b) M&A Experience, c) Power of brand within the Financial world.
08 Sep 2020
Hi All, I'm currently an analyst at a EB (EVR / CVP / PJT) and business school has always been something I've wanted to do for various reasons, one of which is the optionality it provides for going abroad (originally from Asia). I know from personal sources that CVP sponsors MBAs, although I'm not sure what the clawback is / how long you have to stay after you come back from the MBA. I've been hearing EVR and LAZ also sponsor, although lesser known - although not from a personal source so not too clear on that. Do people have more visibility into who sponsors / what the terms are for
24 Dec 2020
I just sent some cold emails to some of my school's alums at Lazard, only to find that all of them bounced back to me with the following notice: "The original message was received at Wed, 6 Feb 2019 11:27:03 -0500 from link removed [127.0.0.1] ----- The following addresses had permanent fatal errors ----- (reason: 550 5.4.1 Email: Recipient address rejected: Access denied [link removed]) ----- Transcript of session follows ----- ... while talking to link removed.: >>> DATA
06 Feb 2019
Was wondering if anyone had any information on the full time recruiting process at MF's (BX, KKR, Apollo, TPG, Warburg, etc.) for undergrad students. I'll be at a top EB for my SA stint and, though I will most likely stay for FT, I figured I might as well at least try for a few MF's now since it might give me a leg up come associate recruiting. Any advice on how the recruiting process is structured and on how to do well in any coffee chats/interviews is appreciated. Thanks.
10 May 2017
Hi everyone. I have a final round of SA interviews coming up for Lazard's NY office. Was wondering if anyone could give me any insight into the level of tech questions to expect. My first round only had a few basic technicals, but I'm prepared for paper LBO's, advanced valuations, etc. Any insight on what tech questions or fit questions to expect would be great. Also, if anyone has an idea of how the format of their super days are and how long it takes to hear back, that'd be great. Thanks.
05 Sep 2016
Trying to figure out what industry/product focused teams have offices in San Francisco. Particularly interested in bulge brackets and e.boutiques as well as any consumer/retail focus If anyone could add to this list it would be greatly appreciated: Greenhill - advisory (M&A restx) Lazard - healthcare GS - TMT, generalist DB - Tech Barclays - Tech (Menlo Park) Moelis - Tech (Palo Alto) JPM - Tech Needed (in addition to any other groups that the above may cover): Evercore MS BAML CS Perella Weinberg Partners Peter J Solomon
30 Oct 2014
Hey guys, Can anyone, with actual knowledge, provide some insight into the various M&A groups at Lazard. Specifically in terms of exit-opps, prestige, and culture of the group. I am mainly looking into consumer/retail, healthcare, TMT, and industrials. This is for the NY office. No offer offer in hand yet, but need some specific information on these groups to make a few decisions. I searched the forums but there isn't a lot of relevant and current information. Thanks!
31 Aug 2013
Anyone been hired/made it through the summer 2021 analyst interview process? I know there's a megathread for Laz but since no one's gotten back to me there, I'd thought I'd try here as well. Just want to see if I didn't make the cut, as the application has been pulled down from their careers site. Thanks to all of you who read/respond!
12 Jan 2021
I have been given offers at both Lazard and Guggenheim IBD NYC SA positions. I am looking for information about the two firms. Comp? I know Guggenheim is more but how much? Culture? Learning experience? Exit Ops? I am not set on going buy-side but it is an option. Also, I would plan to do TMT at Guggenheim but unsure of group at Lazard.
08 Oct 2017
Opinions on Lazard vs. Rothschild (both NYC, full-time analyst)? Saw content on WSO, but updates were from 2011. I know both firms have changed a lot in the past few years, and am interested to learn more about their reputation, deal flow, experiences, offices, path forward, etc.
05 Feb 2018
I was hanging out at my buddy's place last night and we were talking about vacation plans for after graduation. He talked about how I should be enjoying the last few months of school and go somewhere baller after graduation since I'm gonna get crushed once I start work. I never really thought about it before, but hearing it from him and looking at the calendar freaked me out. 'm still thinking about it a day later and it's making me pretty anxious... After graduation, I'm starting at a boutique that's supposedly a sweatshop (Moelis/Lazard). Looked at a bunch of WSO threads today and getting
17 Feb 2016
And will 2011 be the year of the banker? Rainmaking, as defined by Wikipedia refers to the act of attempting to artificially induce or increase precipitation, usually to stave off drought. This is usually done by cloud seeding, dances, or prayer. But this is Wall Street Oasis, we do a different kind of rain dancing here. Institutional Investor magazine has released their Rainmakers of the Year list and surprise, surprise, the top two came from boutiques. Blair Effron of Centerview topped the list after advising PepsiCo on a $15.5 billion buyback, followed by Antonio Weiss of Lazard, who did
29 Dec 2010
Hi guys, I have a 1st round interview for the Summer Intern position with DC Advisory coming up this week. I will have 10 min conversation with Dartmouth Partners (ex Cornell Partnership) employee. Any idea what can I expect? Btw, this is for either London office. Additionally, there are very few threads here on DC Advisory and not much info. Anyone care to share their thoughts on the standard stuff - culture/pay/learning/prestige/exit-opps/top-groups/etc. This thread could be useful to future candidates and people interested in the company. Some stuff that I was able to get so far (German office, a bit outdated), so I can hopefully contribute something at least: - Intern salary - EUR 1500 p.m. + bonus (Germany) - Analyst base: EUR 65k - Associate base: EUR 72-90k
30 Apr 2014
Hi everyone, thanks for reading this in advance. I have landed an internship offer from Lazard HK, and probably can obtain a return offer after that. Read some posts saying that the dealflow at Laz asia was shithole 5 years ago. I'm wondering if that's still the case now. Anyone familiar? Let's say my ultimate goal is a tier 1 PE shop offer. Should take the FT offer from Laz HK, given its weak dealflow, or do a master first and try to get a BB offer first? Appreciate all of your comments!
07 Jan 2015
Hi there, I received two summer analyst offers this past week, one from the Global Capital Markets division at Morgan Stanley, and the other from Lazard Feres. Both offers are for the NY offices. I haven't accepted either of the offers yet, and am leaning strongly towards the Morgan Stanley one. I'll list the pros of each below, and would greatly appreciate any advice/input. Morgan Stanley: Pros: 1) Great culture - My school (top-target) has a very strong network at Morgan Stanley, and the GCM division specifically. I have had great conversations with everyone from the GCM division, and feel
15 Nov 2015
Can anyone shed some light on this (give personal examples, stories, etc.). What is this negativity when people are talking about Lazard's IBD office culture (is it just cutthroat, sink or swim kind of thing?) Thanks!
28 Feb 2010
So I have an interview coming up with Lazard MM and couldn't find much here specifically about their middle market practice. I just want to know some basic info about culture, hours, interview as opposed to Lazard the parent company. Is is that much different? or are they similar for the most part? I know there isn't as much prestige compared to the parent company. Also would like to know the hours because I am currently at a small boutique and want to know how the transition will be going from working normal hours to how the hours will be there.
17 Sep 2013
Hey guys, How does Lazard compare to banks like Citi & DB? I have offers from these three in London so would love to have feedback about their respective brands/dealflow etc..right now I am leaning towards Lazard but don't know much about its culture and how it compares to bigger banks. Also, which of these will have good exit ops for PE? Cheers!
08 Dec 2010
I summered in a GS coverage group this summer (not FIG or TMT) and did not like my experience (loved the work but didn't like my coverage industry and wasn't crazy about my intern class or the people in my group). I go to an ivy that is not Harvard or Wharton and is very common on the street. My goal is to do PE after my two years in banking. This last week I began receiving calls from places that I got offers from and turned down at the beginning of the summer. It seems as though the following groups are willing to offer me a chance to switch there FT and I wanted the opinion of some of the older people on here in regards to the reputation of these groups and how they'd be viewed by various exit opps: Lazard (generalist offer but 95% would be in restructuring) JPM (FIG)
08 Aug 2012
Hi everyone, Have SA offers for each of these in London, Laz will be a random industry team, BAML is a generalist pool with bits of work from different industries (stick with one you click with, have met and really liked HC, could try to swing joining) and Barc is UK M&A. Most threads here focus on US recruiting - wondering if anyone could shed some insight on which would edge it out in the UK? Thanks!
01 May 2015
I was wondering if anyone had any recollections/info about the first round for Lazard Chicago Restructuring division. I've talked to alum who's heard it's quite technical but couldn't get much more detail other than that. Feel free to drop what you've heard/experienced below. Much thanks!
06 Oct 2020
Ok I am actually a year 3 student who is actually able to graduate by end of June this year (7 courses in winter and 3 1 month intensive courses in May). I have actually accepted Barclays IBD NYC for full time but since I was worried that I may fk up my heavy course load and not graduate on time I proceeded to go for summer internships... Surprisingly, I have an offer from a top notch boutique (LAZ/BX/PWP) in NYC for SA... It's been pretty hardcore taking 7 courses right now but I know I can graduate on time if I want to.. However, I know LAZ/BX/PWP is a notch above Barcap in terms of PE exits...so my question to you is, should I just graduate 1 year later so I can start off at a better shop? Or is it better to start in IBD early at Barcap?
31 Jan 2011
I have recieved both offers for a 2015 summer internship position in LONDON I Liked the pple at both places so the decision would be ideally based on the learning experience/dealflow/exit ops. Which one would you choose?? Much appreciate it!!
29 Nov 2014
1 Goldman Sachs & Co. 2 The Blackstone Group 3 Morgan Stanley 4 J.P. Morgan Investment Bank 5 Lazard 6 Greenhill & Co. 7 Credit Suisse (Investment Banking Division) 8 Evercore Partners 9 Deutsche Bank AG 10 Rothschild 11 Barclays Capital 12 Perella Weinberg Partners 13 Moelis & Company 14 UBS Investment Bank 15 Houlihan Lokey 16 Jefferies & Company, Inc. 17 Citi Institutional Clients Group 18 HSBC Holdings 19 Wells Fargo & Company 20 Allen & Company Inc. 21 Bank of America Corp. 22 Macquarie Group 23 Piper Jaffray Companies 24 Oppenheimer & Co. 25 RBC Capital Markets Discuss...
07 Oct 2009
I am a rising sr interning this summer at Evercore/BX/Laz/HLHZ and wanted to know how Training the Street works? What exactly do they go over etc? Just want to be informed/prepared before training starts. Thnx
20 May 2009
I have an offer at both Lazard and Deutsche for SA. Which one should I take? Heard Lazard is brutal with hours and Deutsche is way more reasonable... but better exit ops and reputation at Lazard. Also am on hold at JPM and GS-- should I wait those out?
12 Feb 2011
In terms of simply being the best career opportunity, strongest experience...how would you all compare these? Have offers at two of these outstanding.
31 Jan 2013
Hey everyone, Had a quick question. Out of BAML, Jefferies, and Lazard in their Houston offices, who is the best in terms of exit opportunities into PE? I appreciate any help!
05 Dec 2012
Curious to see how BB Analyst Class sizes compare to boutiques given how much boutiques have grown in the past years. Especially interested in numbers from PWP and Evercore. For the 2016 Analyst class, Moelis has 24 in NY and 8 in LA
30 Mar 2016