Can someone rank summer analyst/analyst at all the elite boutiques for LONDON ONLY for M&A in terms of pay, culture, deal size, exit opps, working hours etc and anything else relevant? Primarily focus on M&A pls but can also touch on restructuring. Thanks.
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In M&A the most active in terms of number of deals have always been Roth and Laz, although they are both pretty big in Europe. Recently CVP has been growing in particular through the hire of Pigasse in France. PJT has done some big deals but it has been year dependent. HL very active but especially in MM deals.
In terms of pay they all should be at 70k except for PJT which I have read on the forum has recently increased to 80K and historically has been the firm that has paid the highest bonuses.
For rx HL and PJT are top notch, but also Roth has been doing good.
In terms of exit options for vanilla PE I have not so many data points to discriminate between the firms, but in general they have been good. RX-focused firms have placed extremely well in distressed / HFs.
Like it or not Roth is king of London, even if the name is alien to this forum
Roth and Laz are probably at the top. Can't comment on culture though. Followed by PJT, PWP, EVR etc. Heard very good things about PWP and PJT culture, quite a few people stay A2A because of pay and culture. Salary should all be around 70k (except for PJT, not sure tho). Have generally seen people reject their top 3 BB offers (GS, MS, JPM) for all of the mentioned EBs
In London, I have never heard of anyone taking an EB instead of a top 3 BB unless specifically interested in Rx hence going to PJT.
Second the poster above you. I've definitely seen that happen - mostly because of culture, experience (and pay). Not everyone cares about the BB name
Can confirm that it happens, specifically have heard of PJT over JPM and CVP over JPM/Bofa
Culture and compensation on junior levels are key considerations for most top candidates and, anecdotally, is something that the top 3 BBs lack behind on
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