Citi VS Evercore London IBD
Which firm has the better exit ops and work life balance. I know Evercore is huge in the US but yet to make a big impact on Europe.Is there any info on salary too ?
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Heard EVE was 62/3k
There were talks of Citi going to 70k from other threads
Ok a few things on that. It’s Europe, so typically BBs are much stronger than EBs. Clear choice here is Citi. Evercore in London has nowhere near the pay, deal exposure and prestige (on the street) that Evercore in NYC has. BUT - I have to say that Citi specifically is quite underrepresented on PE (few exits compared to big grad classes), whereas Evercore places relatively OK (not that great either). So in both cases exits will not be amazing. Both firms are very good, and congrats on the offers. I’d probably go Citi for the deal experience, however if you are very keen to exit I’m not sure what to recommend.
Could you share any insight on Bofa’s PE placement in London?
Highly dependent on which team in Citi, if business services team then def go for it.
Reapply to Goldman g.
Purely based on exit I would pick Citi - from a quick scan on LinkedIn it looks a level above.
On dealflow (yes), pay (all-in will always be much higher at EVR and it gets exponential at the VP level), culture (by far) and overall satisfaction I would pick EVR everyday.
For reference I work at one of the 2 and my flatmate at the other. One of us is miserable and can’t wait to leave asap while the other is enjoying the gig and will stay A2A.
I let you guess who is who.
yet to make a big impact on Europe
Untrue in my sector at least (FIG). Evercore has a huge market share but it's mostly sellsides so you had better enjoy populating VDRs... Exit ops from either will be fine if you prep well and have a deal to talk about.
Evr healthcare is top of the street.
I don't think that Evercore is as bad in Europe as it is oftentimes claimed here. In Europe I would probably also go for a BB but Evercore has a very decent track record and does mid cap as well as large cap deals (which I suppose is quite nice for an Analyst).
Would add that they have a strong reputation in infrastructure as well.
They advised on the acquisition of Scotland Gas Networks (£1.8bn), KKR acquisition of John Laing (£2bn) and acquisition of Falck Renewables (€2bn) in 2021.
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