Hi,
I'm in process to join Lazard Industrials team as an associate in London.
If anyone has good insights on this team (verticals covered, strong sector MDs, average deal size) and specifically exit opps, culture, hours, WLB, pay.
Many thanks in advance for sharing!
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Sorry can't help you with your questions. Just wanted to ask; how did the process go, assuming you'd be a lateral hire. Did you apply online or got a first round through networking etc.? Thank you and best of luck!
Considering they just fired some juniors from the team, things are not great over there
Understandable for a bloated BB, but for laz I just dont get how this is possible? Obviously not a headcount issue considering the lateral activity, so are juniors being fired purely for just being poor quality? Is this common in your groups?
Lazard, and generally more shops like HL, Rothschild, etc... have been dipping their toes in the lower mid market. I've seen processes with EBITDA lower than 10m. Think it's just a general trend due to the tough market over the past year.
As for Lazard industrials, they've currently got a few good mandates on. Heard good things about the seniors from my MD.
In terms of dealflow it's OK but plenty of £200-300m EV deals. Rothschild Industrials much stronger
Roths is also pretty heavy on MM mandates. realistically eb's with the best chance of dabbling in the highest of EV ranges for industrials would be evercore (ran by ex-head of citi European industrials), cvp and possibly pwp and even then its not much of a difference. JPM DI a notch above all.
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