Evercore vs. GS FIG

Hi all, down to the wire now on making this decision, so looking for educated responses ASAP. I have summer analyst offers for EVR M&A and a top group at GS, GS FIG. Which would you choose and why? Most important factors to me are the exit opportunities, technical skills, the modeling experience and lifestyle/culture.

Also I find FIG interesting and technically complex, but have not worked in the industry and so obviously don't know if I'm passionate about it. Will GS FIG pigeonhole me?

For more context, I have a strong network at GS and in FIG particularly, but don't yet at EVR (lmk if that matters). Second, I care about doing engaging M&A and gaining technical experience over the 2 years, and not just completing client discussion materials. I think I can get that at both (but lmk your thoughts).

 

EVR will give you just as many exit opps as GS FIG (without the pigeonhole) in the finance world. Outside the finance world, GS's brand name will carry more weight.

Significantly higher comp and probably a better culture at EVR. I'd pick EVR.

Edit: just finished my summer at an EB - not one of the underclassmen floating around here

 
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GS FIG places as well, if not better, than almost any other top group on the street - particularly into value-oriented buyside funds, where they have an extremely strong track record. Most exits are generalist, since 2 years really isn’t enough to pigeonhole you as an analyst. The GS brand name is also miles ahead of EVR outside of finance and has a much larger alumni network.

Pros for EVR are higher comp and better culture. GS FIG actually has one of the best cultures within GS, especially given the quality of exit opps, but presumably still worse than EBs

Edit: You also might want to consider what happens in a potential recession - historically, M&A in FIG was much more active than in other industries. As others have also pointed out, EVR has been rapidly expanding their analyst classes yoy and it would be hard to imagine that they could maintain that growth rate...

 

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