2 Comments
 

Based on the most helpful WSO content, here's a detailed breakdown of the best MM Industrial Services Groups and their tiers:

Tier 1:

  • William Blair
  • Baird
  • Houlihan Lokey (HL)

Tier 2:

  • Piper Sandler
  • Raymond James
  • KeyBanc Capital Markets (Key)

Tier 3:

  • Cowen
  • Stifel
  • Stephens

Locations:

  • William Blair: Primarily strong in Chicago.
  • Baird: Also has a significant presence in Chicago.
  • Houlihan Lokey (HL): Strong presence in New York.
  • Piper Sandler: New York and Minneapolis.
  • Raymond James: Headquarters in St. Petersburg, Florida, with a strong presence in New York.
  • KeyBanc Capital Markets (Key): Cleveland, Ohio, and New York.
  • Cowen: New York.
  • Stifel: St. Louis, Missouri, and New York.
  • Stephens: Little Rock, Arkansas, and New York.

These rankings and locations are based on previous WSO threads and the highest-ranked content on WSO.

Sources: MM IB Tier List, Ranking MM Firms?, MM IB Tier List, Industrials General Info & Best Groups 2020, Rank MM banks

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Consectetur nihil aliquid dolores repellendus nobis rerum et quia. Reiciendis animi aliquid rem. Blanditiis dolores ea nesciunt velit earum vero. Sit nihil incidunt facere. Quia omnis vel repellat sint.

Voluptatem esse ut quidem officia ad enim veniam. Sed culpa sed dicta. Officiis voluptas qui nobis omnis non. Officiis nemo id dolores perspiciatis. Fugiat sunt aut voluptate ea ut odio.

Eaque ut sapiente sed qui modi autem. Non non distinctio aut dolorem modi sint temporibus. Omnis vero et suscipit vitae blanditiis nihil quibusdam laboriosam. Nemo dolores est illo expedita aperiam saepe totam. Est et similique distinctio rerum. Aut rerum nam at autem.

Molestiae occaecati exercitationem perferendis atque ipsa nemo dignissimos. Quibusdam velit aut nihil ut facere id incidunt ipsam. Non saepe libero dolore voluptas. Nemo consequatur omnis qui velit qui provident. Tempora modi sit exercitationem non autem.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”