EVR MP 2024
Was hoping to get some insight on evercore menlo park, specifically on culture and coverage. Know they’ve poached a lot of senior GS guys and probably stand as one of the stronger EBs on the west coast. Specifically curious about culture, expectations around hours, and how their coverage works (sectors covered by seniors here, or if it’s just generalist tech). Have heard it’s a sweatshop but not sure if that’s because of deal flow or just crappy seniors. Any insight would be appreciated! Thanks
Awful culture and junior talent is frankly mediocre. Exits are good, dealflow is more or less in line with other active EBs in the region (LAZ, MOE, CVP). The group is definitely below Q, MS MP, GS TMT or even JPM SF teams
EVR MP shills were just triggered lmao
Mega sweatshop. Lots of deal flow due to aggressive poaching at Senior level but did not expand enough junior class size to support the seniors. VPs are stellar but also hardo af. Culture is mid (juniors can live in SF and hotdesk in the SF office no effective no FaceTime)
Offering another perspective - great exposure by working in small deal teams. People are nice. Even though it can be a lot of work it is comparable to MS / GS.
friend worked there, people were NOT nice and exits were very much beneath the big three lol
edit: this thread has a lot of shilling, I know that this group is miserable
has anyone started interviewing?
for which position and level?
Sweathshop... Would stay away
One of EVR’s best performing groups. New seniors bring exposure to large cap and public strategics across semiconductors, industrial tech, and software. Likely the best positioned independent in tech after Q and certainly the fastest growing as new seniors build out their franchises
Don’t work at EVR but have close friends at MP
Friend (AS1) said they worked on more than half of their protected Saturdays this past year.
I'd avoid (culture is simply bad)
Team covers Software (Mainly PE-Backed), Semis, Industrial Software, Internet, Auto tech, and Generalist Tech. All covered by individual partners
Great work exposure but terrible culture with high junior turnover.
i know evercore mp folks lurking here - shed light on whether culture is good/bad please?
saw in another thread that its wfh twice a week which is surprising. is this true?
Yes the office is effectively remote. Still mega sweaty. Also WFH is not indicative of culture. Don’t forget how bad morale was when you could WFH everyday. 100+ hour weeks add up
what exactly is the wfh policy? if its effectively remote is it 4 days wfh or smth
“Official” policy is RTO with 4 days in office (Mon-Thu) but it’s not really enforced in our office (NY culture is different). There are a few hardo seniors that always come in and if you work on their teams they usually expect you to also come in for live comment delivery etc. 1st years usually start out at least 3x a week and by the second year most analysts will come in 1-2x a week, some of the bold may only come in once every other week.
are u working at evercore mp? heard hours are expectedly long there and that protected saturdays are frequently not. is there any truth to this?
also assume turnover there is slightly high so are y'all hiring analysts lol esp for tech? is best way to lateral networking?
I won’t confirm or deny your question but let’s just say this information is current. Yes hours are very long (90+ is the norm), but I really think this is because the group runs extremely lean at the analyst level compared to the amount of MDs and partners in the office. It’s like over a 2:1 ratio. This means you get a great broad expertise and lots of reps, big ownership culture (I.e most associates don’t do shit) but you will be grinded to your limits. I actually believe it’s phenomenal training for the next gig you may want.
There’s always high interest in the office and the team doesn’t always backfill analysts that leave which can add to the intensity. There have been a couple laterals but I think the group intentionally tries to keep talent that they have recruited…not saying it’s impossible but I think it’s tough given the homegrown preference.
Sounds pretty miserable here. What's the point of going to a place with good exit opportunities when most of the incoming analysts end up burning out in a year? What do those kids even end up doing later.
Place obviously has great deal flow and some people are cut out for it, but it seems tough and borderline horrible, culture-wise. Long hours and shitty seniors (and associates) make it terrible. Am i getting it right or have things gotten better here and seniors are starting to learn from the high churn of juniors. That must screw them over enough to the point where they stop and learn, because you can only hire and fire and relearn people, even though they are laterals, so many times while keeping a stable business.
Most good groups are like this. Even if we just look at top groups in the Bay Area GS SF TMT and MS Menlo are just as bad if not worse. It’s a two year contract and a lot of ppl do make it.
It’s pretty hard to lateral based off LinkedIn most are from other sf ib or ivy. So I assume networking matters and the bar is high. I had applied and reached out after seeing one the VPs post never got an interview, tho the dude seemed nice and friendly and clearly hated it
so i'm guessing people are still shitty here? like no improvement at all from the seniors?
Had a first round zoom call with an analyst earlier this week. Think he said the team was trying to conclude initial interviews this week.
Has anyone heard back?
Dm me! Haven't heard back.
PMed. Same.
are you currently a 1st or 2nd year analyst?
did you hear back?
dang didnt even get an invite, i had two people forward my resume but guess wasnt good enough
Sorry to hear that. Lmk if anything changes.
Is this for SA or lateral?
No lateral analyst
How was the first round generally structured?
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