Equity Research Analyst - Software & Internet

About Lazard

Lazard is one of the world’s preeminent financial advisory and asset management firms. Our people and culture make the difference. While global in presence and reach, ours is a close, collaborative community of just over 3,000 professionals. Lazard is a place of continuous knowledge sharing, skill development and relationship building, where professionals grow and succeed together. Our entrepreneurial culture, flat structure and embrace of individual differences, allow creative ideas, original concepts, and unique perspectives to drive our business forward — and for careers to take flight.

About the Role

We are seeking an experienced Equity Research Analyst in the Technology sector to join our team and focus on Software and Internet names – primarily the service providers and hyperscalers.

Teamwork and Research Process

Teamwork is at the foundation of Lazard Asset Management. The team’s disciplined process puts strong emphasis on primary research. The insight generated from the research process is communicated throughout the team and leveraged across LAM’s portfolios. Stock picking is based on a disciplined relative valuation process. As an Analyst, our team approach will allow you to benefit from the insight of your peers while being responsible and accountable for your individual insight and contributions to the team and portfolios.

Key Responsibilities

• Demonstrate genuine enthusiasm for technology and innovation by continuously exploring and understanding emerging trends and their potential impact on the sector.
• Develop primary research sources and actively engage with industry contacts by attending conferences, speaking with company management, and participating in earnings calls.
• Conduct fundamental research and analyze the financials of companies you’re covering.
• Ask the right questions and challenge assumptions, ensuring a thorough and nuanced understanding of each investment opportunity.
• Effectively convey your findings and recommendations in writing, presentations, and while interacting with portfolio managers.
• Build and maintain valuation models and comparable company analysis.
• Quantify the risk/reward and timeliness of investment ideas.
• Analyze sector, currency, political, and regulatory risks.
• Demonstrate passion for and distinguished knowledge of your sector.

Qualifications

• 15 or more years’ experience as an equity research analyst covering application software and internet giants like Google, Adobe, Meta, Oracle, Amazon, and ServiceNow (and many others).
• Experience committing capital as a buy-side investor.
• Exceptional financial modeling and fundamental analysis abilities.
• A meticulous, bottoms-up, primary research-driven evaluation process.
• Excellent interpersonal, communication and relationship-building skills.
• Expert understanding of the Technology sector and its attributed risk factors and dependencies.
• Desire to improve and contribute to our Equity research platform.
• CFA Preferred.

What We Offer

We strive to enhance the total health and well-being of our employees through comprehensive, competitive benefits. Our goal is to offer a highly individualized employee experience that enables you to balance your commitments to career, family, and community. When you work for Lazard, you are working for an organization that cares about your unique talents and passions, and will continue to invest in the development of your career.

Compensation

We expect the base salary range for this role to be approximately $200,000 - $250,000 USD. Various factors contribute to determining the actual base compensation offered, including but not limited to the applicant’s years of relevant experience, career tenure, qualifications, level of education attained, certifications or other professional licenses held, relevant skills for the role. Base salary is one component of Lazard Asset Management’s compensation package, which also includes comprehensive benefits and may include incentive compensation.

Representation at Lazard

Lazard is an intellectual capital business committed to delivering the best advice and solutions to clients. To achieve these objectives, we focus on attracting, developing and retaining the best talent. We believe that a workforce comprised of people who represent a wide array of backgrounds, experiences and perspectives creates a rich variety of thought that empowers us to challenge conventional wisdom, solve problems creatively and make better decisions.

Lazard was built on the premise that a multicultural firm can best serve a global clientele. As a global firm that has grown organically from local roots in different countries, we have a deep tradition of respecting and appreciating individual differences. Doing so has been core to our success for over 175 years. We are committed to sustaining an environment where every colleague is supported in their professional pursuits, can maximize their individual potential and contribute to our collective success.

Key skills/competency

• Equity Research
• Software & Internet Sector Analysis
• Financial Modeling
• Fundamental Analysis
• Primary Research
• Investment Recommendations
• Valuation
• Risk Analysis
• Technology Sector Knowledge
• Buy-side Experience