Everyone,
I was hoping someone could help me out regarding this decision. I am currently looking to lateral from a Mid-Tier BB (not GS-MS-JPM, also not UBS) to a boutique, and Greenhill appears to be my best opportunity at the moment. For one, I wanted to see if anyone didn't think this was an upwards move as far as quality of work / prestige. Secondly, I was wondering if anyone had any insight into how Greenhill has been doing lately as there hasn't been much news out on them in forums. Thanks.
Depends on the group. I see mid-tier BBs and greenhill as on the same level although greenhill doesn't have the same exits as some mid BBs. This site plays up GS/MS/BX alot but there are some very good exits from places like CS/BAML/DB/Citi.
For instance, I say this with 100% confidence, there is one group that sent more than a few analysts of the same class to MFs
I think exits at GHL are comparable to your GS/MS/JPM groups, i.e. top notch. Beyond that, which is more important, they supposedly have a great culture and decent work/life balance. You also get to work in smaller teams and take more responsibilities in a pure large cap M&A advisory role, which is different to working in a BB group. Your choice. I've met a senior MD there who was incredibly down to earth and just seemed like a great guy to learn under.
Bump. Any other additions? Additionally, I am confused about the last part of your comment Will Hunting. What are your referring to?
I assume MF = megafund, i.e. Carlyle/KKR/BX/etc.
I know what MF means, I'm just confused if he is referring to Mid Tier BB groups or groups such as BX, MS, etc to play up their exit opps.
i was referring to exit ops from mid tier bb
I think the OP should go where he feels the best cultural fit. That said, the exits from GHL are meaningfully better than the majority of mid-tier BB groups.
You will get good deal experience at Greenhill - teams tend to be smaller, you'll get to work closely with some very experienced senior bankers, and you'll get more client exposure vs. a BB. If you get along with the people you meet, go for it.
Aside, I feel like a lot of people have been going on and on about buyside exits recently, trying to compare groups / firms by 'exit potential', and a few posters above are already starting that conversation. Seriously, once you're in a decent group at a decent shop, it's all about the individual.
I agree exit opps from GHL are better, but a lot of people think GHL is a declining firm. I've heard Robert Greenhill's presence at the firm is declining and so are the exit opps. And I have seen less GHL people on the team pages of the major PE firms. Also, some of the analysts at the bank I interned at this summer thought that Wells Fargo would at some point acquire the bank. I still would take GHL over any mid BB....but just some things to think about.
David Einhorn had a nice payday after shorting GHL stock. There are talks of GHL getting acquired too, whatever that means.
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