Is it still a sweatshop? Buddy of mine said it’s improved slightly. Is this true? 80-100 hour weeks still the norm? What about reputation and deals? Still one of the better groups?
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Based on the most helpful WSO content, it seems that Evercore's Houston office has indeed faced some challenges, particularly with its energy team. There have been mentions of upper-level departures and a lack of balance sheet affecting the team's performance. Despite these challenges, the group was still considered one of the brighter spots in Oil & Gas (O&G) recently. However, it's also noted that the Houston team has fared particularly badly in recent times, becoming a shell of what it was in its heyday.
Regarding the work environment, Evercore, like many investment banking firms, has been known for demanding hours. While specific updates on the current average weekly hours aren't provided in the context, investment banking roles, especially in active offices like Houston, typically involve long hours, often reaching the 80-100 hour mark you mentioned.
As for the reputation and deal flow, despite the challenges, Evercore remains a reputable firm with strong deal flow, especially in sectors where it has traditionally been strong, like O&G. However, it's important to note that the situation can evolve, and the experiences can vary significantly within different groups or offices of the same firm.
In summary, while there have been some challenges, Evercore's Houston office has been recognized for its performance in the O&G sector. The demanding hours are part of the investment banking industry, especially in high-performing groups or offices. For the most current and detailed information, it would be beneficial to reach out directly to professionals in the Houston office or keep an eye on recent discussions on platforms like Wall Street Oasis.
Sources: MBA SA Goldman vs Evercore, Evercore Has Gone Downhill, Evercore Layoffs, How Do You Deal With the BB Sweatshop Hours?, How the hell do you stay healthy in sweat shop groups?
friend who interned there last summer was consistently 90+ hours
Is it the same for VPs/4th year associates?
I really don’t know, apologies. Would assume hours go down slightly, but it’s Evercore Houston - probably tough hours at all levels
Got it thanks. Appreciate the insight
do you know the return offer rate last summer for EVR houston?
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