Consensus that Evercore won on-cycle?
4 Apollo, 3 TPG, 1 KKR, 2 CD&R, 1 Centerbridge, 1 Berkshire, 1 H&F, 1 Thoma Bravo, 1 GA all within the first few days of on-cycle with several other MF's like Silver Lake, Warburg Pincus sitting out...
Fair enough to say Evercore has the top exits on the street? Any other group who topped them?
Those are great numbers, but I think it’s worth mentioning that the Evercore class is now like 60+ AN 1s. I’m sure PJT/LAZ/MC had a similar proportion of top offers, but their class sizes are half of EVR’s or less.
Can attest also great placement from PJT/MC this year
Evercore been like that. And top of street comp. Y'all can keep hating tho
I would say this is partially true, but a lot of it is self selection. Know most of the kids who are listed above, and would say that they were either a) extremely sharp, b) knew they wanted to do this early and started prepping in advance, and/or c) had a hook going for them.
Given the class’s size (and potential dilution) there are many who still don’t know what they want to do, did not prep enough to participate, or didn’t have enough to stand out from every other EVR kid.
The most pathetic post on WSO
I spent two years at PJT RSSG and am now in MF PE. Want to know why PJT and EVR (disproportionately RX) kids signed for Apollo and other MFs? Not because of some fucking brand name that they have been working under for not even a month. These kids, as the analysts in my analyst class, were the best prepared. They knew what they wanted in terms of offers. They knew how to model an LBO in 45 minutes (it really isn't rocket science) before they even got on the desk and often times before they even started their internship. And they spent 4 years at rigorous investment clubs at top undergrads learning how to qualitatively be an investor. Getting an Evercore offer won't guarantee you an MF. You need to already be that person.
For the record, this goes for non-diversity. If you are a woman, getting MF PE is much easier, no offense meant.
tbh that sounds so depressing. i learned the LBO stuff over the course of a week before on-cycle last year but the thought of being that much of a hardo that that many Evercore/PJT kids spent their entire summer practicing LBOs before they even started is sad. you know they're the type of kid to be overly involved in their finance clubs and use club recruitment as a power trip too. a bunch of them probably used "club networking coffee chats" as a way to hit on freshman girls (know quite a few at the ivy i went to).
am also going to MF PE so prospective PE candidates, please note you can still get top-tier offers without being a fucking loser
Who fucking cares Jesus Christ