EVR Top Groups (2021)
Hey monkeys,
I'm currently going through the group placement process at EVR, which is still quite new. Wanted to get some thoughts from the street on the top groups to join at EVR (culture, exits, dealflow) and maybe some thoughts on the usual suspects (Media, Tech, Telecom). Heard the Tech group culture has changed quite a bit with the exodus from last year. Can anyone confirm? Also interested in hearing if people have thoughts on other groups like Transpo, HC, C&R etc..
Thanks!
Overall best is Media — good hours and good deal flow.
Generalist is a total joke due to lack of oversight. The kids — who either are unwanted by other groups (most) or managed to avoid dedication due to luck or circumstance (a few) — basically don’t work. Inch-perfect fit if you’re trying to optimize for hourly pay and lifestyle, but definitely some downsides experience-wise. Think they’re trying to get rid of it, though.
Chemicals, Sponsors (the GP-selling one), and RE are all chill.
Transpo and Telecom are fratty and generally well regarded. Definitely on the harder working side (of Evercore, not the street), though. But if you’re on the beach, you’re on the beach. They go hard only when they have to.
Notoriously grindy (again, vs. Evercore average; still good vs. Street) groups include Healthcare, Industrials, Tech, Banks, and P&U. First three are bigger so you can find a niche within, though.
Anyone not mentioned above is a middle-of-the-road experience.
They recruit separately, so not to hard to do, but try to avoid all the product groups (other than maybe Rx and DCM/ECM). Being crossed-staffed with them sucked — time-wasting, work-shirking, and generally clueless.
Source: 3 years at the ‘Core.
Second tier compared to PJT, HL, etc.
But definitely smarter than the rest of the product group folks (even though Activism, etc. are the ‘best’ groups on the street in their areas)
bad take, spoke with friends at multiple firms for rx during my cycle and hl pjt evercore are all equally good opportunities - pjt best exits just because of 2 and out style.
Your networking calls during your internship “cycle” notwithstanding, there are aspects / nuances of average experience at, and reputation of, EVR vs. PJT (/ HL) that 1) your [assumedly more junior] connections might not have fully appreciated [or cared about] and 2) wouldn’t have been brought up during a summer analyst interview process. Further, most people are quite complimentary of their competition during such recruitment — mudslinging tends to dirty oneself rather than the intended target.
EVR Rx is a great shop. It’s not PJT.
Transpo is an awesome group, super underrated with strong exits and great culture