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Hii Fishes, I am java fullstack with 9 yoe, currently based out of thane Mumbai have offers from HERE Technologies mumbai goregaon , HSBC India India pune, Citi pune. All are giving almost same CTC with almost same role. Which organisation should i join . Also I have question if pune will suit me or not. Citi is having poor wlb as per Glassdoor and some linkdin feedback. How is hsbc bonus , job security, wlb. Thanks
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How often do y'all pull all-nighters?
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^lol is that how you really pronounce Moelis?
@Lazard 1. That's interesting - I did my two years as an analyst at Laz and I never heard of a cross-staffing at the junior level in my industry group. I agree there is regular dialogue between more senior co-workers due to gaining insight on expertise one practice focuses more on than the other, but I've never witnessed inter-group staffing. @VP 1 I see your point but consider the origin of LMM. If I am not mistaken it was the result of buying multiple MM firms and combining them together under the Laz name LMM. They have their own separate ladder of professionals top to bottom and their own style of work (from my understanding it's more vanilla M&A engagements and less "complex" deals that Lazard is often involved in. Also, not sure if things have changed in the past two years but training programs for analysts and associates are completely separate for Laz and LMM. That alone to me signals some sign of cultural/structural division.
Lazard Frères is the better one
Lazard Ltd is the parent, owns a bunch of subs. One of those is the EB Lazard Fréres and there is also a middle market sub called Lazard Middle Market.
PE Associate 1 is correct in that they are separate firms. That said, LMM and LFC communicate every day and junior bankers are frequently cross-staffed on deals. However, it would be disingenuous for anyone to market an opportunity at LMM as comparable to LFC as our scope is entirely different. While there are many benefits to working at LMM (I work here), the firm should be considered on its own merits.
When people say Lazard they are typically referring to Lazard Freres & Co., which is the "elite boutique" bank. Lazard Middle Market is often referred to LMM. While there is no Chinese wall stopping M&A bankers from communicating between the two firms, I can assure you they are entirely separate practices.
Is there really a difference? There's no Chinese wall because those barriers are between public and private side. LMM and Lazard is just an illusory construct between large cap and mid cap deals. Same expertise, different sized consideration.
Would say it's true LMM works on more "vanilla" engagements, typically sellside M&A for MMPE and smaller divestitures from corporate parents etc. Not so much 3-way public co international mergers like LFC. Culture and hours are generally more laid back than LFC with several group-specific exceptions. Can't speak to LFC comp, but LMM pays street at junior levels. Exit opps for junior bankers have been pretty good (mid-tier to upper MMPE) but are generally not on par with LFC. Certain senior bankers at LMM have close relationships with their large cap counterparts which accounts for cross staffing of juniors although in some groups there is no overlap.
I bet more people mispronounce Freres than they do Mo-Ellis
Either way they're both/all bad
What is healthcare at LMM like?