Evercore Rx (May 2022)
can someone give insight into culture and hours? (in NY)
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Probs the worst EB in RX
Who are the best then? Had the impression they were strong
HL >> PJT > Laz/Roths >> Everwho
Any specific reasons why? Prospect here but really curious. Thought they have top of the street comp, great exits past few cycles per capita, and I heard from incoming SAs that culture is pretty good. Esp curious about your comment on Laz/Roth being better. Thanks!
He is talking about london where EVR is much weaker.
A poor, unexplained take yet it is bound to influence the prospects. The class and headcount are smaller than some of the others so there is a bit more selection on mandates. EVR also has good relationships with hedge funds both for deals and and good exits, also consistently placing at Apollo, for what its worth.
Very strong in debtor oil and gas with top debtor mandates (Cal Resources - $5.1bn, EP - $4.9bn, Noble - $4bn, Diamond - $2.4, Seadrill - $2.8bn).
Also has done some of notable other debtor and creditor including Frontier ($17bn debtor), SVP on WPG ($3.7bn creditor takeover), 1L on Windstream ($5.6bn), Silver Point/PIMCO on Incora ($1.75bn).
Also very innovative, advised the debtors on the landmark Serta uptier that has been repeated and been very important as far as trends go. Senior team is very strong.
Are you interviewing with them or something?
Pjt is winning fucking everything rn lmao
could you elaborate?
Easily one of the best rx shops on the street— In line with pjt/hl. Heard they have solid culture and historically unreal exits. Very elite group of talent from what I've seen.
Clearly a lot of HL guys on this thread. The truth is for the typical analyst or associate the ranking of experience quality goes PJT > Evercore / Laz / Moelis > Gugg/ PWP/ Roth > HL. There's even other firms/groups that are much stronger than the typical HL experience if you are comparing the NY office to HL Rx in some third-tier city. I want to qualify that in that HL sometimes gets mandates that makes it on par with PJT. That said, HL's group is HUGE and spread across offices in third tier cities which dilutes the typical experience you'd have working there. If you are the analyst in NY working on a huge debtor mandate, sure HL Rx is top tier on par with PJT. But the HL kids in Minneapolis working on middle market UCC mandates and promoting this idea that they're the best need to get put in their place. You are way more likely to spend your time pitching or working on some $100mm deal at HL than at Evercore lol
Deleted
Yes I’m sure the HL RX sateliters who don’t even browse this site are dejected to be “put in their place” while they make the same comp as any firm in your rankings while working less hours and having half the living expenses
I don’t even disagree with your point but wow was it randomly aggressive
Congrats, enjoy ur gugg offer, intern
These comments are so wrong on different points that they become almost funny lol
1. Your ranking does not include CVP. You clearly have very little understanding of the rx world as they should be at least mentioned. Sure they might not be first-tier but def better than Gugg/Roth given the quality of their mandates
2. Saying regional HL RX kids have it best makes little sense as exits are strongly diluted (just check LinkedIn). Sure they might get paid more given their costs but if you are making this argument you are missing the point of the NY groups (known for their exits)
3. Putting HL last is stupid - does not deserve a comment lol did you get rejected from them?
Were first round interviews given out for Evercore RX? I applied on their website (experienced analyst position) and haven't heard back yet
Bump^
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