Incoming 2027 SA so obviously take this with a grain of salt, but after doing a lot of research/networking I genuinely don’t understand why people still automatically put GS above Evercore for M&A.
My current US IB tier list:
S+: Evercore
S: PJT, Centerview
A+: Goldman, Morgan Stanley
A: JPM, Lazard, Moelis
B: BofA, Citi, Barclays
C: UBS, Deutsche
Before everyone says “student take” — yes, I’m a student. But that also means I’ve spent the last ~6 months researching this pretty obsessively and talking to analysts at basically all of these firms.
My reasoning is that if you actually want to do M&A/PE rather than just tell your parents you work at Goldman, EVR seems objectively better. Smaller deal teams, more responsibility, better pay, arguably better exits and you’re not getting stuck doing random financing work.
GS obviously has the better overall brand but I feel like that matters way less than people on here pretend it does once you’re actually in finance.
Also slightly controversial but I’d probably take PJT RSSG over GS TMT at this point too.
Imagine take UBS/DB over PWP. I will say at this point even JEFF/GUGG/Roth/WF are better than UBS
EVR > GS imo but GS TMT > EVR, although I’d probably take PJT RSSG > GS TMT but CVP > PJT unless you want RX obviously. MS M&A > JPM but JPM Sponsors > MS coverage, Lazard > Moelis overall but Moelis RX > Lazard except I’d take HL RX > both for actual reps although obviously HL Lazard. BofA > Citi but Citi M&A > BofA coverage, Barclays > UBS US but UBS > Barclays globally, DB both but DB LevFin > UBS and probably Citi depending on exits. Rothschild > Barclays in Europe but Barclays US. So overall probably CVP > PJT > EVR > GS > MS > JPM but group dependent. I’m a freshman though so could be wrong.
go outside pls
** feels the aura **
congrats on micropenis
Congrats on no return offer
Brand matters massively long-term, and Evercore has almost no brand outside this bubble of "high" finance. Nobody outside finance has heard of them. Roger Altman? Most people know him as a Clinton cabinet member, not as Evercore's founder. GS alumni are everywhere, PE firms, corporates, other banks, etc. That network compounds over your entire career. More importantly, GS is the stamp that tells future employers you're legitimately smart and hardworking in a way no other job can simply because of it's reputation. In two years when you're recruiting outside IB/PE (the likely outcome for most of us as both are declining), you'll realize GS opens doors Evercore can't touch.
"Smaller deal teams" isn't the flex you think it is. You're learning from fewer people, which means fewer mentors and a smaller alumni base to leverage later. That GS analyst cohort? They'll be your peers at PE firms, in corp dev, everywhere. The Evercore cohort? Way smaller, way less useful network.
You clearly don’t work in the industry or have done as much research as I have… better pay, better IYKYK clout, better people
You're an intern. I'm a senior associate at a top VC shop, ex-GS with friends at the boutiques. Here's reality: when you tell founders you were at Evercore, they don't care. When you say GS, they still don't care, but at least they've heard of it and crack a joke about the hours. That's the difference. GS has clout outside your small bubble of finance nerds. Evercore clout is IYKYK stuff that doesn't matter in the real world.
No one cares. Go back to 400 question guides prospect before you discuss which one is better between GS TMT and PJT RSSG
Fair lol but you don’t need to have worked at both to compare them. Obviously I haven’t recruited yet but I’ve read pretty extensively on both groups and spoken to 2 analysts at PJT and an incoming GS SA. From what I can tell RSSG still has better IYKYK clout although GS TMT obviously wins on lay prestige. Just my 2c.
fwiw u sound miserable to chat with - genuinely feel bad for those you networked with
Wdym? I’m just comparing the groups lol. I don’t think saying PJT RSSG > GS TMT for IYKYK clout is particularly controversial. GS TMT obviously has better lay prestige and arguably broader exits but within high finance PJT RSSG is more selective and has stronger finance clout imo. Same reason I’d probably put CVP > both for pure prestige, although GS TMT > CVP for tech specifically. Not sure what’s miserable about that?
Touch grass
Get some pussy and learn what sex feels like
I got a return btw
Evercore within finance while Goldman for anything outside of finance. No, Jessica from ACCT-101 will never date you anyways.
Awful take 😂
Mods pls ban Western from WSO
ban Canadians
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