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    looking for prestige: CS or Lazard?
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    Well, if you are looking for prestige, then you should go to Blockbusters.
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    Cs
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    Credit Suisse

    Performed extremely well last year...
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    lazard but it is harder to get in
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    What position? If you applied for investment banking (particularly M&A) then Lazard hands down. For all else, CS.
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    are you joking? lazard by a mile
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    conversion rates?
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    If you want to do M&A then, for my money, Lazard is probably second only to Goldman's in terms of quality. People say that Lazard is not as well known as other bulge bracket banks but to people involved in finance it is seen as part of the gold standard of M&A with a fantastic track record and brand name (For more on this read the book 'the last tycoons: a secret history of Lazard Freres'). I would also say that M&A still remains the best respected division of IBD particularly as gives a great all round base from which to launch a career in finance.

    However, I think that you shouldn't ask these questions here. I would post this question to the site "Wall St Oasis". There you are able to get advice from people already involved in finance so your answers will come from analysts and associates. To be totally honest in terms of prestige Lazard will outperform CS all day and I think that if you talk to people actually involved in banking then that will become reasonably apparent. Furthermore, Lazard has just changed its pay structure and will be paying all cash bonuses from now on rather than deferred stocks. This is vital as you can be sure that Laz will be bringing in some big hitters and, because it is not an enormous firm in terms of staff numbers, this means that you will be working with the best bankers on the biggest deals at a bank whose reputation has been established over 150 years. Prestigious indeed.
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    ^ Ummm. Goldman doesn't have a pure M&A division. All modelling is done by the sector teams.

    Also in terms of M&A, CS is doing better than Lazard atm.
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    http://www.wallstreetoasis.com/forum...orious-culture
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    good one, made my day
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    haha, was just going to post this
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    Lazard, better deal flow, better name, better analyst training, and better exit opportunities.
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    (Original post by uthinkilltellu)
    ^ Ummm. Goldman doesn't have a pure M&A division. All modelling is done by the sector teams.

    Also in terms of M&A, CS is doing better than Lazard atm.
    Maybe in terms of league tables but I guess we are talking prestige here. In addition they are enormously different in size and at Lazard they may not do as many deals but there are fewer people so you get a lot more exposure anyway. I am not saying that Credit Suisse is bad I think that it is a good outfit but in terms of reputation I believe that Lazard offers something superior.




    Also, with regard to Lazard's culture I think if you are not expecting to work 100+ hours a week then M&A is not really for you.
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    (Original post by icarus24)
    Maybe in terms of league tables but I guess we are talking prestige here. In addition they are enormously different in size and at Lazard they may not do as many deals but there are fewer people so you get a lot more exposure anyway. I am not saying that Credit Suisse is bad I think that it is a good outfit but in terms of reputation I believe that Lazard offers something superior.




    Also, with regard to Lazard's culture I think if you are not expecting to work 100+ hours a week then M&A is not really for you.
    What makes you say that? Lazard is set up like any IBD group with sector and product teams. If we were comparing CS to Greenhill or Gleacher, then I'd see your point. But Lazard have north of 2,200 people working for them. They don't underwrite, but they still offer issuance advisory. What do mean by not doing as many deals? The difference between doing 80 and 100 deals at the analyst level (considering that you will be hard pushed to be on 10 closed deals a year) isn't that much. All top 10 shops will offer you the same experiences, exposures and pay roughly the same. Culture is probably the most discernable factor to consider. I haven't worked at either Lazard or CS, but based on what people say about these two outfits, I'd pick CS any day.

    Out of interest how do you measure prestige? Closed deals, announced deals, total fees, tea leaves, crystal ball?
 
 
 
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