I know many of these are generalist programs but in general, which sectors are Moelis, Evercore, Greenhill, Lazard, PWP, PJT and Centerview strongest in?
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Every vertical at Moelis, Evercore, Greenhill, Lazard, PJT, and Centerview is a pretty good place to be. That being said these are what I understand to be some of the "best" verticals at each firm:
Moelis: Sponsors, C&R, TMT, good RX but not lights-out like Laz or PJT Evercore: TMT, Industrials (Transportation / Defense), O&G Lazard: Healthcare, Real Estate, TMT, Restructuring, Industrials, O&G also solid PJT: TMT, Real Estate, Restructuring Centerview: Healthcare, C&R, Industrials (Although staffing is mostly accounts-based) HL: RX PWP: TMT
This list might be colored by the groups I've spoken to/know about (for instance I don't even know if most of these places have NatRes, FIG, or Power verticals)
Of those listed Laz probably has the best Power/Utilities group
What exactly is the basis for your understanding of this? Your list looks like it is compiled of 50% things you must have read on WSO and 50% of things you might have just made up...
I have spoken to a considerable number of people at all these banks except for Greenhill which I've spoken to maybe 2 or 3, and PWP, which I've spoken to only 1 guy.
WSO is god's word
or the word of a high schooler
Nice runescape handle
Noted and changed, though he didn't ask for HL.
Also... PJT RX does have phenomenal placement in PE... Unless you aren't counting all the kids they sent to Centerbridge, Apollo, etc.
HL is not an EB, it is a MM bank that leans on a strong RX practice. Laz is hands down the best RX practice.. They get EVERY major debtor side mandate and CRUSH it on fees. The only reason HL tops Laz on league tables is they ONLY do creditor work... Which requires less team resources so you can take on more engagments. Also, there is only 1 debtor advisor on deals.. There can be 3+ creditor advisors between 1st Lien, 2nd Lien/Unsecureds/Ad Hoc, or UCC.
Little tiny PWP, with less full time analysts than most EBs have in their summer intern class, has advised on 57.1b worth of disclosed transactions in 2016, while Moelis has advised on 22.1b worth of disclosed transactions. Moelis is like 4 times as large, yet PWP is the bank that is struggling? For further perspective, Centerview has advised on something like ~43b in disclosed transactions in the same time frame.
Does anyone ever look anything up for themselves anymore? Or has this whole website just become a dumpy echo chamber for people repeating useless information?
Before you get into a knife fight on WSO, some food for thought
PWP usually advises on more difficult transactions to "complete" which are more likely to fall apart and generate no fees.
If you follow boutique banks, recent rumors and articles suggest PWP has been struggling in terms of maintaining quality sr bankers. Look at that Kramer situation and search PWP on dealbreaker
While i would not say PWP is struggling, bear in mind Moelis M&A has quite a heavy focus on the middle market, hence the lower aggregate transaction value. So this isn't the fairest of comparisons.
Are Moelis' RX exit ops on-par with LAZ/PJT/HLHZ?
I have seen them on some pretty big deals such as iHeartMedia on the debtor side, Oi on the creditor side and BHP-Vale on the debtor side. But given that it is a generalist program, unlike LAZ/PJT/HLHZ, would a MC analyst who has worked on maybe one RX deal get the same distressed debt opportunities as a LAZ analyst in the dedicated RX group?
In my experience the kids that do Rx at PJT/LAZ/HLHZ are more interested in distressed credit and end up going to more HF oriented funds.
Moelis is strongest for its sponsor-backed deals and RX vs sell-side M&A representing companies
A lot of people seem to refer to HL as EB which is why I included it. They do MM M&A deals with a strong RX platform so they are probably most similar to to Moelis and maybe even Rothschild.
I have a good friend at HL RX and to say it is only strong because it does creditor side deals is misleading. They do a good amount debtor-side deals too and I think they have been retained in some very large ones this past year.
Their analysts get a great experience, amazing exits and the group as a whole supposedly has a fantastic culture.
To be honest though Lazard is the gold standard of boutique . They are top 10 on M&A league tables and are debtor side on almost EVERY major restructuring.
Zezima, how long did it take you to get all 99 skills?
I've got 99 EBITDA and 99 networking but I'm really having a hard time grinding exp for my 88 sociability
Try buying a gf - that should help and I hear they're pretty plentiful around Varrock Fountain
How does Jefferies fair in terms of strongest sector ? Had heard their Healthcare group was strong but not sure if that was accurate.
I want to say they lost their lead HC MD.
Guggenheim?
A couple years ago they early promoted a bunch of associates to VP to fill out the ranks and they have been climbing league tables. TBD on where they end up but they are putting a ton of resources into building the platform.
Which EB has strongest FIG practice?
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