Are GH, HL, PWP EB in 2020?
Looking for New York 2020 boutique ranking but including Lazard, Evercore, Moelis, PJT, Guggenheim, Centerview, Greenhill, PWP, HL
Which of these boutiques would you not accept an offer from and why?
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Agree to to this ranking as well, but I would put PWP above Gugg, not in the same line. EVR/PJT have both a killer RX and M&A (or Strategic Advisory for PJT) practice. Same goes for Lazard, but I'm surprised you didn't mention the culture there given you brought it up for Moelis - people are getting cranked for 110+ hours constantly. For these 3 firms, I think regardless of which group you're in, you're killing it. I would throw Centerview in Tier 1 as well - Consumer Retail and TMT have been their top tier groups, but let's not forget about MR's Life Science Group that's all over the HC space.
I would agree HL is the most group dependent - Easily Elite RX group, but M&A is more middle market. I would still consider them EB overall above Gugg and maybe even PWP since their TPH arm has fallen behind.
Yeah I agree I would think Moelis/Laz is pretty similar, with the grindy culture. Also agree that HL is the most group dependent because RX is tier 0, but otherwise they would be on the very bottom of the EB list.
Just curious- What is the definition of an EB?
I ran a few numbers just for fun:
2019 YTD (according to website)
PWP Total number of deals: 19 Largest deal: 8bn Deals larger than 1bn: 5
Guggenheim Total number of deals: 17 (advisory only) Largest deal: 11bn Deals larger than 1bn: 5
Greenhill: Total number of deals: 27 Largest deal: 25bn Deals larger than 1bn: 7
Moelis: Total number of deals: 53 Largest deal: 5.8bn Deals larger than 1bn: 7
Centerview Total number of deals: 27 Largest deal: 43bn Deals larger than 1bn: 11
I could not quickly find PJT numbers, but if anyone has them feel free to share.
Also could not be bothered to look at Laz or EVR - they do a lot of deals.
Compare with number of bankers at each firm to find the probability that you will be working on a 1bn + deal.
Last 2 years would arguably be more applicable. It'd be great if people were able to add analyst class size as well. Would imagine Moelis for example is at least 2-3 times the size of PWP and PJT.
Potentially - but given that most of these random lists are asked as: what is the ranking now, a short term is exactly as bad as a longer term. 6 months is too short given randomness of mandates, two years probably too long given average tenure in this profession - make your own decisions.
What I meant with my post was more along the lines of:
Tons of college kids on this page repeating what they have read before on WSO, rather than checking numbers. If that is the approach you are taking to Investment Banking you will have a short career and a bottom bucket bonus.
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