2017: Tiers based on exit opps
Got this from a friend working at a top MF fund and the list overall seems right so reposting here. He said these groups are tiered based on an # of offers / # of analysts in each class basis. Again, this is the list they use there and does not represent what everyone necessarily thinks. Before we start, let me say that at our fund we don't really care about which specific groups you come from. We hire smart people who know what they are doing.
1a. PJT R&R, PJT M&A, GS FIG, GS TMT NY 1b. Lazard M&A/RX, Evercore M&A, MS M&A NY, MS Tech Menlo, HL RX NY, Moelis NY/LA, GS CRH, JPM M&A, MS C&R 1c. BAML M&A, BAML Sponsors, GS Industrials, CS Sponsors, Rothschild RX, MS Industrials, Evercore RX, CS M&A, JPM Healthcare, Greenhill M&A, Barclays P&U, MS Media & Comm, PWP
Chances are a good number of you guys will get offers at one of the groups above. Congrats, these groups fill more than 80% of the spots in the top funds.
Disclaimer: I was at a group on the list and now at a PE shop.