Are the differences that big? I understand Moelis places better, but I have heard that the NY office isn't even close to the LA office.

So if the NY office marginally places better than the other two, and has a shittier lifestyle and culture since they grind their analysts, what's the point? Prestige is not playing into my decision at all.

 
ppeterson2255:

Are the differences that big? I understand Moelis places better, but I have heard that the NY office isn't even close to the LA office.

So if the NY office marginally places better than the other two, and has a shittier lifestyle and culture since they grind their analysts, what's the point? Prestige is not playing into my decision at all.

prestige shouldn't play into your decision when you're comparing banks who play at the same level, or it should play less of an role.

when you're comparing a top boutique to lincoln/baird, middle market/lower middle market shopps, it shold definitely play a role.

 
Best Response
ppeterson2255:

Fair. So then what's the deal at Moelis NY? Anyone actually/directly know about placement, comp, lifestyle, etc.

On the topic of comp, top bucket for first years at Moelis was $80k this year. (A few points of comparison: Centerview ($85k), JPM ($65k), RBC ($55k)).

I read an article that said Moelis was going to make sure partners stay liquid so that they don't succumb to the exit pressures of going public 1, obviously that doesn't directly affect analysts, but it seems to play into this idea of having a reputation/culture that keeps pay sufficiently above-Street.

For what it's worth, I would go with Moelis. From what I've heard (not through WSO), the mixture of higher expected exit value (prestige), comp and frankly the potential access to higher-profile deals (Baird and Lincoln really don't get to work on the Publicis-Omnicom deals of the world) would be worth a pretty large differential in lifestyle in my book.

1 http://dealbook.nytimes.com/2013/07/11/big-paymout-by-moelis-may-whet-t…

“Millionaires don't use astrology, billionaires do”
 

Despite Moelis being a sweatshop, the exits are infinitely better than both Lincoln and Baird (even if they may be somewhat over-hyped). Baird and Lincoln are both regional players with OK exits (mostly also regionally, though can't speak for Lincoln NY office). And when I say OK exits I mean you aren't going to Madison Dearborn or GTCR

 

Are you guys seriously telling him to go Lincoln International? sometimes WSO has mind-bogglingly biased views of MM IB firms that while solid are not as good as their BB or top boutique counterparts. Moelis, by far - I've seen these guys go to every top PE shop (megafund, semi-megafund (apax, h&f etc.) top top MM PE (gtcr, mdp, etc) funds), top hedge funds, etc. and this isn't even including their stellar LA placement (which is pretty much all megafunds+silver lake).

At Lincoln the best analysts might get interviews with decent MM PE shops (maybe 1 every couple of yrs to gtcr and the like), but you won't see that level of placement. Just do a linkedin search, you'll see quite a few recent top placements from Moelis. Yes, from speaking with people there their lifestyle seems abysmal even for banking, but an extra 15-20 hours a week for 2 years won't kill you

As someone who has worked 2 yrs in banking and in PE now, please take some of the advice above with a grain of salt.

 

For someone who's "worked 2 yrs in banking and in PE now", you don't comprehend too well.

Those of us who commented about Lincoln were only referring to "B-school placement" and "lifestyle". If my math is correct, that's 2/3 of the criteria OP was looking for.

You only mentioned 1/3 of the criteria, and somehow made the generalization that "exit opps" are EVERYONE'S number one priority. News flash, cheif. Not everyone wants to go into PE. There is this thing called a "career banker" for those who enjoy the advisory business. I don't even think anyone on here actually said, "choose Lincoln", so not sure what you're bitchin' bout.

 

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