EVR HC

Based on the most helpful WSO content, Evercore's Healthcare (HC) team is known for its strong deal flow and elite reputation, but it comes with a demanding lifestyle. Here are some key insights:

1. Deal Flow:

   • Evercore is recognized for its high deal flow across sectors, including healthcare.
   • The firm has a strong presence in M&A, and its healthcare team likely benefits from this reputation.
   • However, Evercore's RX (restructuring) business is smaller compared to other top firms, meaning the healthcare team is more leveraged toward M&A activity.

2. Lifestyle:

   • As with most Evercore teams, the culture can be described as intense or "hardo."
   • Long hours and high expectations are the norm, which aligns with Evercore's reputation for being a sweatshop in some groups.
   • Turnover at the junior level has been noted as high, reflecting the demanding nature of the work environment.

3. Lateral Opportunities:

   • Evercore has shown an appetite for lateral hires, though the process can vary by group.
   • For laterals coming from middle-market (MM) firms, the transition may depend on the strength of your experience and how well it aligns with Evercore's deal focus and culture.
   • Lateral interviews typically involve behavioral questions, technical assessments, and case studies, so preparation is key.

If you're considering a lateral move, be prepared for a rigorous process and a challenging but rewarding environment.

Sources: State of the Houston IB Scene - 2022, On Exit Ops, Evercore is No Longer an EB, Top Groups at Evercore M&A, Another Way to Classify Boutiques