Moelis NYC 2021 - Best Groups?
Hey all,
Saw a similar post for EVR and with NY MoCo cutting the generalist program, thought it would be very relevant for incoming SA/Analysts.
Wanted to get some thoughts from current/past members of the street/MoCo on the top groups to join at MoCo (culture, exits, dealflow) and strength of the TMT group in NY? I know Media in LA is strong but wasn't sure about the NYC presence, and there isn't much info on WSO about recent NYC developments. Can anyone confirm/deny? Also interested in hearing if people have thoughts on other groups like Transpo, HC, FIG?
Thanks so much!
Hi Intern in IB - Cov, don't worry, the WSO Monkey Bot is here.... I'm hoping one of these links will help find your answer:
More suggestions...
Hope that helps.
Heard from friends that HC and business services are seen as good groups but very sweaty. Ton of people in consumer left and has weaker deal flow, but would love to hear others thoughts
Is HC services sweaty or other sectors?
NYC OFFICE ONLY
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Gaming/Cannabis - best group in terms of deal flow/people/culture. Everyone in those groups kill it and are great to work with.
HC Services - best group at the firm for deal flow and PE exits but you will get grinded. All the VPs quit over the summer but group does a good job recently of staffing up two analysts and two associates to help with workstreams. You will get really good quickly.
Business Services - solid. Great people and good deal flow
Chemicals - great people and cool deals
Broader industrials - also a great group
Media - very interesting deals but super sweaty.
Tech/Telecom - would definitely avoid
Asset Management - best people to work with at the firm and they do tons of deals
RX - arguably the best or one of the best groups on the street. People are incredibly sharp and great people to work with. Don't waste your time on bullshit tasks which is great
Other groups not mentioned are good just unfamiliar with
OP here
Life Sciences/Pharma: super sweaty and technical. Do alot of public work and good in the sector if you like that.
MedTech: up and coming group and the team is super nice. Very technical. Solid deal flow
Thoughts on their PU&I group? Or are u referring to that as Industrials?
great people and decent deal flow if you like that industry and think it is interesting.
Any insight on P&U?
People are nice but group isn’t one of the better ones in the street or at the firm.
lmao, M&CO RX is bottom-tier on the street. M&CO is basically LMM at this point. Stop deluding yourself.
RX at Moelis is better than PJT RSSG and EVR RX - given best on the street comment???!?!
not necessarily the "best" since that is impossible to define but they consistently get top mandates and are always competitive so would definitely say they are top tier for RX
EVR RX is not that impressive, kids take it because of the strong overall Evercore name
Why avoid tech? How is the group in general? Honestly don’t hear them mentioned in terms of tech banking at all
all the cool tech deals are done out of LA and the tech bankers in NYC are a bit...unfriendly
Do you know if Healthcare Services is still looking to hire Analysts? As individual groups start to break out, are they more likely to go internally or get external lateral hires?
not sure - they hired a few recently but PM me if you want more info
This is a pretty good summary, I'll add a few:
M&A - (assuming they hire analysts), very technical and you'll do high profile stuff but generally they are called in for the real 'hairy' stuff (since every group is technically doing M&A) so can be sweaty
FinTech - new team compared to the other groups so less deal flow but still developing
Capital Solutions - they may end up recruiting separately but exceptionally active, especially with SPACs. At the junior level it feels like the coverage teams do more of the lifting though
Consumer - small team but think they generally have good feedback from the juniors that work with them
P&U - quite a bit or turnover since COVID in the middle ranks but the MDs are all very senior/established and have good dealflow. Seems like the team has stabilized and generally juniors seem to either really like it or avoid altogether
FIG - not a very big group (as opposed to BBs where it is normally a massive group). As mentioned above the asset management team in general has great feedback from the juniors and has nice deal flow (but is just like 1 MD). The rest of the group is more 'specialty finance' oriented and generally works with the Chicago team as well on more specialty lending, leasing, etc. type things
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Any group at Moelis in NY is solid. Choose what you’re interested in
Just curious, are you saying this having had experience at Moelis NY?
How did this get Ms? Moelis is the best EB
I swear I read that MC switched away from generalist programs for analysts, but only to coverage groups. Am I recalling this right? Like you can't be on an 'M&A' or 'Rx' product group as an analyst?
they switched from generalist for next years class and onward, not for current analysts. And it is industry siloed now, so you will still work across M&A and RX in specific group
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