EB’s ranked by exits

From my experience, I think the exits from these firms rank as follows:

  1. Evercore / Lazard & PJT RSSG
  • 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.
  1. 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.
  1. 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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