EB’s ranked by exits
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.
- 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.
- 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.
Anyone know anything about greenhill?
Mizuho is THE exit
You’ll be fine coming from any EB
Even Greenhill?
You mean Mizuho?
Rothschild, Lazard, PJT, Evercore, Moelis in that order
someone come get their intern
Can confirm - recent Rothschild class had exits to Bank of Israel, IMF, World Bank, and the World Economic Forum
This is a Lazard intern masquerading as a Rothschild troll
OP stated "EBs" -- Rothschild is not an EB.
the ranking is true for Europe but obviously not for the US
If you are in any of these EB groups you will prob get similar looks. Interview prep and getting good staffings is probably a bigger factor.
As someone who just left banking, anecdotally feel like Tier 1 goes PJT RSSG, EVR and Laz in that order
1a. PJT RSSG has pristine exits
1b. The top end of talent at EVR will have comparable exits to PJT RSSG (including top SM HF seats)
1c. Laz places pretty well on average - an analyst at Laz, on average, might have a better exit than the average EVR analyst into UMM/MF (maybe because of much smaller class size + self selection); the top tier of exits are also quite good, but feel like a tier below EVR in terms of MF placements
I know several guys from HL RX that now work at Elliot and Soros
I'd say HL RX would be tier 2 here
Thank you incoming analyst, but you must be new to this game if you rank HL RX on par with PJT M&A.
Lol what a great comment
Seems like PJT M&A actually has really solid exits from the current batch. A good number of the current first and second years signed MF / UMM from what I’ve seen. Source: work in RSSG
Could you list some of the firms?
Current second years: BX x3 (tacopps, growth, energy), Apo, GA, TPG re, Amsec, centerbridge, not sure of others
Current first years: TPG, TPG growth, carlyle, warburg x2, kkr infra, thoma bravo, amsec, sixth street, centerbridge, permira, not sure of others
what do the rssg exits look like for analysts leaving next year?
how hard is it to lateral into RSSG for FT from another EB?
Also, I'm curious why are exits so good from at PJT. Is it just because everyone is so gung ho on on-cycle and have maintained strong GPAs, good school, and strong prep? I'm just a little confused besides strong name brand how exits are so strong and consistent class wide.
Because it's a target, naturally. Top groups on the street all have sick exits, especially M&A / RX / LevFin.
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