Elite Boutiques in New York: 2020
With 2020 SA recruiting approaching, would love to hear the community’s thoughts on these NY EBs in particular: EVR, CVP, LAZ, PWP, PJT, MOE. Interested in a holistic ranking / discussion based on culture, exits, generic prestige, analyst experience, and firm outlook.
Thank you!
All great firms but my list that i would work (accounting for all work/life balance, prestige, pay, etc)
Once again this is just my preference and each firm has their pros and cons. If you excel in any of thse you will get good exits and the pay for analyst years will be marginal.
Once again just my list but I think many people would agree for the most part
I'd rank them as follows, but at this point it's all down to personal preference. Like the above poster said, land at any and you're golden.
1) Centerview 2) Evercore 3) PJT 4) Moelis 5) Lazard 6) PWP
Not sure how Centerview is your #1. My list would be along the lines of 1. EVR / PJT 2. LAZ / MOEL 3. Centerview / PWP
Based on preferences and experiences of peers at these firms in New York, would list:
1) Evercore 2) PJT 3) Centerview 4) PWP 5) Lazard 6) Moelis NY
Some are known to be more supportive of buyside recruiting, some are known to have tougher cultures, etc. Again, to reiterate, any differences are marginal and all will provide great experience and opportunities.
In reality, since ranking these is basically splitting hairs:
Evercore=PJT>Centerview=PWP=Lazard=Moelis NY
Good luck!
Europe they dominate, US they do almost nothing / vanilla deals
*Really sorry to all the US Rothschild analysts that I am offending
CVP, EVR and PJT are clearly in the first category.
Moelis is more of a wild card. I've heard good arguments that they are at the top because you get great training, and I've heard arguments that they're not as good (insane hours and brutal culture for the same pay and exits that you'd get at the places above).
Laz, PWP and others are the also-rans.
All of this can be trumped by fit. If you feel a strong fit with the group making you the offer, that's a better bet than anything else.
Would add that it's probably more useful to rank specific groups within the banks (e.g. EVR M&A vs PJT M&A vs. Moelis M&A or EVR RX vs. PJT RX vs. LAZ RX) as opposed to the entire bank itself
Curious how PJT M&A stacks up against the others.
I suspect PJT’s high rank can be attributed disproportionately to their RX arm?
PJT RX is definitely one of the best - if not the best - RX groups on the street i'd say, but I also think PJT M&A in on par with the likes of EVR/LAZ/MOE M&A. Can't go wrong with any of these really
Where does Greenhill fall? Stock seems to have recovered since its 2018 low and is growing MD headcount.
I’m a biased source, but I’d say analyst exits similar to historical; Tiger cub, few ex-SAC funds, CDR, Centerbridge, and other less known but respected UMM/MM PE. Keep in mind class size is ~10 in NYC. Much stronger deal flow this year but nature of smaller firm is that there’s more ebb and flow.
GHL Rx also built up a lot. Hired ex Rothschild rx cohead, analysts placing well.
1) Goldman Sachs 2) Morgan Stanley 3) JP Morgan 4) BOA 5) Citi
6) Who? Oh, those guys. Sure.
Everything else in the world
The value of your opinion
Sup, Harvardboiii
Accept for the fact that I went to Harvard and interned at the top bank on Wall Street and now have a buy-side gig lined up straight out of college, so in fact, the value of my opinion generally carries great weight in any boardroom. Get cucked bubba.
Harvard's letting in people who can't differentiate between the proper usage of "Accept" and "Except" now? Damn...
Yeah I'm sure a lot of people choose Citi over CVP and EVR. Troll game is slipping.
Look at the scoreboard pussy, I don't even know if CVP and EVR made it on the last League Tables because why the fuck would I read past the top 5? Wayyyy too many MM nerds are on this site hyping each other up.
Can think of at least two wharton kids who explicitly took PJT M&A over Evercore, but I think you're generally about right.
I went through the traditional IB -> PE -> MBA ->PE route and did 1 year at BB (GS/MS) and 1 year at EB (Blackstone/ Evercore). The majority of Harvard/MIT/Wharton kids that I know prefer Blackstone/PJT and Evercore over the others by far. They simply attract the cream of the crop from the best schools even over Goldman or Morgan Stanley.
CVP was preferred by those with strong interest in consumer. Really can't speak for the remainders of EBs, but definitely less preferred than Evercore and Blackstone/PJT.