EVR vs CVP
Title says it pretty much. Know there was a thread on it a couple years back but curious to see if things have changed in terms of which firm one would want to join from the analyst level?
Trending Content - Investment Banking Forum
| +379 | Evercore Intern Seizure | 56 | 1h |
| +74 | JPM M&A is Gone??? Purely Coverage Banking??? | 33 | 1h |
| +62 | Is DCM actually underrated ? | 26 | 23m |
| +53 | How do I understand vs. just memorizing? | 9 | 2h |
| +48 | Losing my personality in Banking | 9 | 1d |
| +47 | Are all Tech / TMT groups sweaty? | 38 | 1d |
| +42 | Associate & Above IB exits | 16 | 4d |
| +33 | Incoming IB Analyst: Best Ways to Prepare? | 11 | 8h |
| +27 | Which groups are ideal for laterals? | 12 | 1d |
| +24 | Thoughts on PEI Global Partners? | 4 | 2d |
Career Resources
If you want to get out ASAP EVR if you are ok to stomach 3 years of banking for higher pay CVP
Other than higher pay, what're the real benefits of CVP though? Is CVP in concept more prestigious than EVR? Feel like they're doing more marquee deals nowadays and also have more of the "exclusivity" feel to them.
Decent culture, great perks, good path of A2A
Depends, RX or M&A? RX, it's EVR by a country mile, M&A, it depends on the type of experience you're looking for and what you want out of banking. If you want to be a career banker, both are good, EVR edges out in Tech, Industrials, while CVP edges out in HC. If you really like the culture and want to go A2A, then CVP. If you want to exit to PE, EVR is better.
Both are really solid M&A platforms and you'll end up wildly successful either way.
If you're just there to learn as a stepping stone which I'm sure most people are, why would one pick CVP? You come in as a generalist so no guarantee you even get any industry group at EVR and you remain a generalist during your analyst stint at CVP so no guarantee you work on any of those HC deals anyways. This is NY M&A perspective btw
Was at CVP a couple years ago and left for PE and enjoyed my experience there, albeit pretty grindy at times.
I believe think the firm has changed a bit since I was there, the entire analyst pool was around 20-30 people and I know they have hired more partners /promoted juniors but during my initial time the culture was very flat and I felt that I was asked to take up more 'important work' compared to my peers which helped immensly during both my PE recruiting and when I was an associate at PE (MF).
Not sure how much has changed but back when I was there PE recruiting was pretty frowned upon and many analysts stayed on as A2A (due to the growth / space of the firm) and very strong compensation (~$200k A1) and partners weren't the most supportive when it came to moving onto PE. With that being said, if you put in two good years of work and pretty much had the opportunity to interview with almost any MF. You don't see as much CVP representation (maybe now you do) at the more mid-level / senior ranks because the analyst class were small and many didn't go to PE (maybe 1/3rd of my class went to tradiational PE).
On the work front, you would work on some incredible deals as well, and CVP typically only worked with corporates and no sponors. Many of the partners are the 'go-to' advisors for F100 companies. The good news is that you get a lot of cool exposure, the bad news is that you're stuck doing a lot of random 'advisory' (aka bitch work) that the board or CEO asks for. Good for the firm of course but sort of annoying when you're an analyst.
I can't speak for the culture now as I'm sure its gotten amorphous alongisde its growth but when I had to make a decision (once again 7+ years ago) I'd say 8/10 students would take CVP over EVR given both opportunities at the time.
What about Evercore m&a in a Houston for a career banker vs going nyc centerview for career. I mean pay wise it has to be very similar especially on an after tax income.
Enim pariatur illum est et excepturi. Ut incidunt ea asperiores.
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...