EB Exits (Now 2026)
This is an old post wanted to see what people have to say in the big 2026. I've copied it below.
https://www.wallstreetoasis.com/forum/investment-banking/ebs-ranked-by-…
From my experience, I think the exits from these firms rank as follows:
- Evercore and Lazard have the most widespread and established pipelines to UMM/MF. These firms have both become somewhat institutional, definitely don’t have the same cultural feel as some of the smaller EBs. The tradeoff, however, is stronger exits overall.
- PJT RSSG is in a league of its own compared to other groups on the street. Analysts seem to exclusively exit to MF or distressed PE/HF.
. 2. Moelis / PJT M&A
- Marginally worse exits than above. I think Moelis could arguably be placed in tier 1 but don’t seem to have the same number of people in MF seats.
- PJT M&A similarly has great exits but truthfully haven’t seen many MF placements.
. 3. Centerview / PWP
- Younger EBs with weaker exits overall. Not a lot of MF placement and less established pipelines to firms across the street. Maybe it’s because people tend to stay.
No longer in banking so interested to hear from anyone at these firms how their recent analyst classes have fared.
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I think PJT RSSG needs to be way higher, CVP as well at least Tier 2 if not 1, and on the contrary, I think Lazard should be in Tier 1 but also because they've been around for so long, many legacy MFs have built strong relationships with former analysts being seniors. There was a thread about exits too recently.
I actually think PJT M&A is overrated, most of the placements are crowded out by RSSG. Personally, i know maybe 2-3 analysts that ended up going to MFs from PJT (non-RSSG).
thank u for ur opinion, prospective intern (franker). might be best to practice those moic mental math problems to land any of the aforementioned firms loll.
uhh can the pjt shill stop getting on alts and monkeyshitting me, i just got 4 notifications all at once lol. sucks to suck
Caveat to moelis is that lots of non target backgrounds + self selection to go into more interesting investing roles/ UMM rather than MF. If u have a target background mf is the same. Got interviews for all.
Source: target -> moe -> mf
CVP and PWP are the top 2 highest paying EB’s so they have the most A2A promotions (you can verify this on Mergersandinquisitions.com) and also have the smallest analyst class sizes.
You won’t find too many people on LinkedIn in terms of exits but I assure you they are receiving emails for every MFPE opportunity available.
PWP sucks, can we stop with the shilling? It is honestly getting embarrasing
Congrats on BofA!
Congrats on Gugg!
EVR analyst class size is absolutely massive
Yea lol interning there this summer, ~80 in NYC M&A alone - did not expect it to be this large
The amount of PWP glazing is unreal. Literally a glorified MM shop
PWP shills are active here lmao
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