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If I were in your position, I would go with Citi M&A. If you already know the team and everyone likes you (especially senior bankers) then this would benefit you compared to starting over at Moelis and Evercore. This point rings more important as PE/HF recruiting moves up earlier and earlier.
Citi M&A is close enough to Moelis / Evercore in terms of reputation that you are not at any disadvantage. All the recruiters will reach out to you as well and if you make a good impression during HH meetings, you will get all the same opportunities to interview where you want.
In terms of placement overall, Moelis is probably the best with Evercore/Citi M&A being right under.
In terms of culture, I know Evercore is pretty good among the analysts depending on your group and have heard mixed things about Moelis / Citi M&A
I would go with whatever is the best for you, but from what I head from a GO-BUYSIDE PE Recruiter the ranking is..
The Dream Team : 1: PJT, GS, Evercore, MS, Lazard, Moelis
2: JPM, Centerview, Greenhill, Perella Weinberg Partners 2.5: CS, BAML ________________________Mega fund cut line*________________ 3: Barclays 3.5: DB, Citi 4: UBS
note: *Except for THE TOP Group(if this group is #1 compare to other banks in the coverage, like barcap natural resources group and Citi M&A) of the banks below
I would take Citi M&A for PE exits
Wow how do you have offers already? When did you submit your applications?
Tough choice but I'd take Evercore for analyst experience and best exits out of banks on your list
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I would choose Evercore unless you feel that the cultural fit is stronger at Citi. As you said the pool of talent is tops and you will get extremely strong hh interest at Evercore.
For Evercore it's a mix of both - strong firm reputation and high quality. Evercore alumni are very willing to help analysts with the recruiting process since it's so tight-knit. In terms of experience you really own the deal from start to finish whereas a separate M&A group in a larger institution mostly executes.
First of all congrats man, all those offers are huge. Given what you want, I would take Evercore if I were you. From what I hear from some friends are upper years, Centerview has the best culture by far, and many of their bankers stay there for a while. However, given the fact that you don't want to do banking for a while. As well, I hear Moelis itself isn't as helpful to analysts when exiting, while on the other hand Evercore alumni are very responsive and willing to help current analysts move as well. Also, you probably already know but Moelis is one of the worst sweatshops on the street, I hear its around 120 hours a week. Citi M&A would give you great exit opps to PE/HF as well, but Evercore imo just has that more unique edge and more close-knit culture that could probably be better for you.
You can't really make a wrong decision though. Nice job landing the offers man!
I believe it's the opposite for Moelis. Senior guys really go to bat for you when it's time for recruiting
Really? Its possible, I could be mistaken as this is what I only hear from upper year students and friends. But regardless, everyone I know views Evercore as one of the best boutiques, and that while Moelis is still amazing, Evercore would be the better choice.
Moelis aint as bad of a sweatshop as people say it is. Also, senior bankers at Moelis are very willing to help their analysts move to a different firm. I have a friend there who is exiting to a top distressed shop who rarely works past midnight. However, both Moelis and Evercore are great firms to be at.
I'd take Evercore or Centerview
Evercore or Moelis are top of the line for PE / HF exits . If you are interested in corp dev Citi M&A may be a better choice but ultimately not by much, and the boutique experience will probably be more interesting than working at Citi
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