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Lazard Analyst & Associate Salary
Complete compensation breakdown for investment banking professionals at Lazard, including base salary, bonuses, and total compensation at every level.
$110,000
$220,000 - $265,000
$415,000 - $485,000
Analyst Compensation
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Analyst 1 | $110,000 | $100,000 - $145,000 | $220,000 - $265,000 |
| Analyst 2 | $125,000 | $120,000 - $165,000 | $245,000 - $290,000 |
| Analyst 3 | $135,000 | $130,000 - $180,000 | $265,000 - $315,000 |
Associate Compensation
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Associate 1 | $200,000 | $140,000 - $210,000 | $415,000 - $485,000 |
| Associate 2 | $225,000 | $170,000 - $250,000 | $395,000 - $475,000 |
How LAZ Compares
Lazard sits in the top tier of elite boutiques, slightly below Centerview and Evercore but 30-40% above Goldman, Morgan Stanley, and JPMorgan on bonuses.
Benefits & Perks
Meals & Transportation
Dinner provided, car service after 9pm
LAZ Compensation Overview
Lazard offers elite boutique compensation with a distinctive global perspective. As the oldest independent advisory firm, Lazard's bonus structure rewards both deal execution and intellectual contribution to client relationships. First-year bonuses typically land in the $110-130K range, with top performers reaching $145K. The firm's sovereign advisory and restructuring practices provide unique exposure that can enhance bonuses in volatile markets. Lazard's partnership structure and lack of trading operations mean analysts see more direct economics from deal fees. The culture emphasizes long-term thinking and relationship building, which can moderate bonuses slightly compared to Centerview or Evercore but provides stronger mentorship and development. Exit opportunities into private equity and hedge funds are excellent.
Frequently Asked Questions
What is the total compensation for a first-year analyst at Lazard?
First-year analysts at Lazard earn a base salary of $110,000 with a year-end bonus of $100,000 - $145,000, bringing total compensation to approximately $220,000 - $265,000.
How do LAZ bonuses compare to other Elite Boutique banks?
Lazard sits in the top tier of elite boutiques, slightly below Centerview and Evercore but 30-40% above Goldman, Morgan Stanley, and JPMorgan on bonuses.
Does Lazard pay overtime?
No, Lazard does not pay overtime. Compensation is structured as base salary plus discretionary year-end bonuses.