GS v MS v EVR
Thoughts?
Jan 19, 2023Jan 19, 2023
WSO Virtual Bootcamps See all
Popular Content See all
Career Advancement Opportunities
May 2023 Investment Banking
- Lincoln International (▲01) 99.6%
- Jefferies & Company (▽01) 99.1%
- William Blair (▲12) 98.7%
- Financial Technology Partners (▽01) 98.2%
- Lazard Freres (+ +) 97.8%
Overall Employee Satisfaction
May 2023 Investment Banking
- William Blair (▲04) 99.5%
- Lincoln International (▲11) 99.1%
- Canaccord Genuity (▲18) 98.6%
- Stephens Inc (▲12) 98.2%
- Financial Technology Partners (▲09) 97.7%
Professional Growth Opportunities
May 2023 Investment Banking
- Lincoln International (▲01) 99.5%
- Financial Technology Partners (▲06) 99.1%
- Jefferies & Company (▽02) 98.6%
- Lazard Freres (▲15) 98.2%
- UBS AG (▲19) 97.7%
Total Avg Compensation
May 2023 Investment Banking
- Director/MD (6) $592
- Vice President (32) $396
- Associates (148) $260
- 3rd+ Year Analyst (11) $198
- 1st Year Analyst (279) $170
- 2nd Year Analyst (90) $170
- Intern/Summer Associate (46) $166
- Intern/Summer Analyst (205) $92
Career Resources
Leaderboard See all
| 1 |  | 99.2 |
| 2 | | 99.0 |
| 3 | | 99.0 |
| 4 |  | 99.0 |
| 5 | | 98.9 |
| 6 | | 98.9 |
| 7 |  | 98.9 |
| 8 |  | 98.9 |
| 9 | | 98.9 |
| 10 | | 98.9 |
Comments (35)
You have offers?
-
Would take Evercore as if you wanted to leave finance you wouldn't go for MBA Assoc. All equal prestige/exits-wise within finance. GS/MS by far outside of finance, if you'd like that extensive alumni network. These are analyst-level insights, but:
Deal responsibility/lower headcount: EVR > MS > GS
Deal size: MS > EVR >> GS CMG (<$2bn)
Pay: EVR > MS = GS
Most importantly, find a mutual culture fit - who really wants you and will you like your time there? Generally, that would be EVR >= MS > GS but depends group-by-group (ex. EVR Menlo).
Edit: Will say that something to take into consideration is that EVR has become a volume shop and has been quickly increasing in headcount (about half the size of MS). The hours are getting worse but comp is still top, so really do your diligence on the people. Otherwise, I'd take MS - bigger ticket deals on less volume, and exit flexibility/alumni.
I'll go for evercore, I heard from my mba associate friends who interned there that they have the best training, you tend to do more strategic/ sells side deals and they try to make it a fun summer for you. while also giving you good banking experience for your summer.
They also have a higher RoR compared to GS/MS and the culture is the best for the most part.
Goodluck with making a decision
If the prospect of unemployment excites you, you can't go wrong with GS.
How long do you have to decide?
Would recommend to take Evercore. Sharper people, top pay, better training, better deal exposure, and arguably better reputation than GS CMG or MS within finance.
Avoid the CMG team
why?
At EVR so I maybe be biased but pick EVR in this environment.
The BBs tend to have low return offer rates in these environment.
Anyone that works EVR knows that they are very sensitive about not giving return offers, even to mouthbreathers. You just need a pulse to come back, which is not true at GS/MS.
This is what really matters
EVR
CMG is MM and was impacted heavily in the recent round of layoffs so outlook for deal flow/ comp is muted
MS Pool used to be a good generalist program but now it's just a rotation across two groups. Great if you can get into M&A or M&C but wouldn't pass up EVR over any of the groups NY groups. Asso pay there is also paltry.
Compensation isn't everything but EVR benchmarks to CVP/PJT and they paid in the high 300s/ low 400s for As1 this year, contrast that to the pre-covid 250-300 we're seeing at GS/MS/JPM and compound it over a few years and the delta is something to legitimately be concerned about given where Post MBAs are in their stage of life vs. Analysts
Your point on MS doesnt really make sense - M&A struggles to recruit associates to their group bc of the shitty hours plus MBA associates arent obsessed with PE exit opps to the extent analysts are. Same with MediaComm, sweaty hours so not that popular. WSO is obsessed with group prestige but in reality, especially at the associate level, no one gives af especially since youre already at MS anyway
Is that high 300s/low 400s 2021 or 2022 bonus #s? Haven't heard that EVR released #s for the most recent bonus cycle. Finally, EVR is lagging behind CVP/PJT in terms of comp in the most recent years, given its trending toward an institutionalized nature.Last point doesn't impact OP's decision but worth mentioning
Did they cut senior bankers in GS CMG?
Would say MS Pool. GS has gone downhill for 30 yrs and the culture sucks. Get ready to get cut tomorrow and watch your back. EVR just isn't in the same league as MS/GS for deals, exit ops, etc. Also heard the Pool is a blast and makes the job much more tolerable fwiw.
Second echo about MS pool being a good time. MS also claims to have very strong return rate offer (compared to JPM/GS) but Evercore I think is stronger.
What makes the pool a blast/good time?
GS/MS deals are superior in terms of size and newsworthiness, but EVR analysts place way better into PE/HF than GS/MS analysts.
Source: trust me bro
Evercore has the best reputation
EVR and congrats!
Evr is a sweatshop. Like absolutely sweatshop
Eh, it definitely depends on the group. Any of the TMT teams and Industrials are going to suck on a consistent basis. At the associate level, if OP is a bad associate to his/her analysts, then they can probably find a sustainable schedule by dumping stuff on their analysts.
Real Estate, Consumer, Alts, Transpo, and HC are groups that can be sustainable to be in for the longer term at the associate level. Associates will have some rough weeks still no doubt depending on their staffings, but I know at least 1 or more associates in all those groups who are able to zone out after 9-10pm on average (even earlier for select groups) if they're not on anything crazy.
What are hours like there?
Depends where you're at in life (Analyst vs. post-MBA Associate) but unless you're confident you'll stick it out in banking for 10+ years, most would go with GS/MS. Brand name goes further outside of finance. Even though the talent pools are similar across the 3 banks (could even be better at EVR/ other EBs), GS/MS seem to open up a broader set of career doors. But comp differential between EVR vs. GS/MS over time would be meaningful the longer you plan to stick it out
What are total comp numbers for EVR An1/2/3?
What are the best groups at evr?
Perspiciatis fugit modi quisquam distinctio. Est architecto molestiae est et sequi voluptatem tempora. Facilis optio ipsum qui enim excepturi deleniti. Praesentium laudantium commodi ea earum. Aspernatur ullam error quae assumenda vero.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Et dolor qui itaque libero quo ut praesentium. Aliquid ducimus corrupti quisquam corrupti et. Mollitia ratione cumque est. Odio consequatur consequatur dolorem asperiores ut nihil id voluptas.
Quia velit accusamus at sit. Et fugit ut sequi qui est beatae. Omnis sit eos qui velit. Molestiae dignissimos dolorem et natus aut et est.
Delectus sint cumque earum non. Nisi ab voluptas ullam eaque eligendi. Quia omnis accusamus qui at. Dolores voluptas odit ratione quam in quis. Eligendi distinctio sunt et repellendus in aut.