Between Moelis NY and Evercore NY, which is the better bank in terms of dealflow, hours/lifestyle/culture/etc, as well as exit opps? This would be for full-time analyst program.
If it helps, I'd try to be in Evercore's tech M&A group (and get staffed on as much tech as I can at Moelis), and my long term goal is something in the growth equity / late stage tech investing / VC space (TA Summit NEA Bain Cap Ventures etc).
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They're the same tier. If I saw an analyst with either experience in front of me, it wouldn't make a difference - both are fantastic options. Join whichever firm is a better fit in terms of the people you'll be working with. That'll probably have the biggest impact on your experience / life for the next two years. For what it's worth, I've heard Moelis is a sweatshop but I've never worked there.
FYI - A large portion of Moelis tech deals are run out of the LA/SF offices. NYC office not especially known for significant deal flow in tech
I knew several people that went through the analyst program at Evercore. Not one had the typical jaded banking analyst mindset. Some looked more haggard than others, but invariably they bought into the culture and the camaraderie. That spoke volumes to me.
Moelis is known to be a sweatshop. They run a demanding program. It leads to great placement, since analysts have great technical skill-sets and the seniors pick up the phones for them come recruiting. When you look at the two firm's placement though, there's truly no variation. Given that, I lean strongly towards the place with an accommodating culture. That's Evercore.
Choose the place where you fit the most, the belong to the same league IMO.
Had offers from both for FT, PM for more info
Do you have offers from both already?
Evercore Tech is probably better than Moelis's, but for generalist PE Moelis will do you better. Honestly both are excellent firms and I think if you do have offers from both you should honestly just think about what the lifestyle difference between the two firms would be
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