EB PCA vs BB Fintech Coverage
Currently associate.
Deciding between a Tier 1 EB PCA offer (i.e. Evercore, PJT, Lazard) vs a lower BB Fintech coverage offer (i.e. CS, UBS, DB).
PCA is booming in the past two years, and EB have dominant share in this market. Pay is higher than M&A and high upsides if stay within secondaries. However, this is based on the premise that GP-leds are becoming a new product trend instead of something like SPAC which disappears totally fairly quick. Exit for PCA is also limited. Non traditional corporate finance still, mostly at the fund level, but not sure if the modeling technicals still matters when you are at VPs.
Fintech gives traditional banking experiences. However, the bank is mostly lev fin deals as most European banks are. Some M&As but mostly buyside instead of sell side. 50% pitching vs live. Coverage also requires to take back one year.
Which offer would you recommend me to choose? Wanted to do career banking but more of a technical person than a sales person.
Bump - interested in whether one would recommend PCA at an EB or M&A at a well-known MM boutique?
Evercore PCA and the group head Nigel are goated
I would take the PCA offer in a heartbeat- heading to a mid-tier BB and will be actively recruiting for PCA at an EB (Hopefully Evercore)
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