18 Comments
 

Worked at a small secondary fund over the summer, and saw some of these names on some deals across my desk. Can rank what I know and provide some color.

  1. PJT
  1. Evercore
  1. Jeffries
  1. Lazard

PJT does a lot more complex secondary advisory and does a lot of GP lead work as well. Lot of deal flow not super super sweaty. Evercore secondary advisory is probably one of the most under the radar sweatshop groups on the street, apparently they can’t say no to a deal and analysts consistently pull late nights but still great group. Don’t know much about Jeffries but know a good chunk of the Greenhill practice left to Jeff. Don’t know anything about LAZ so left it last.

TLDR, EBs > BBs for secondaries advisory

 

No I don't think so. My friend who is an analyst in PCA said part of the issue is they always need a co-intermediary cause they can't sell back to Goldman's PE team. Kind of defeats the purpose if every deal you run you need to share fees. My guess is the MD either got fired cause he didn't bring in enough deal flow or he quit cause he probably saw GS couldn't compete against EVR, PJT, LAZ.

 
[Comment removed by mod team]
 

Repudiandae rerum nulla architecto. Et debitis eveniet impedit id atque ratione. Non illum veritatis aperiam molestias mollitia sunt. Explicabo autem nihil ratione possimus recusandae ut. Laborum corporis a eos pariatur. Qui necessitatibus neque placeat ea.

In molestiae earum asperiores non doloribus. Quaerat minima voluptatum est natus eos facere ipsum. Aut ut sit earum est fugiat et. Id quae ut quas nesciunt. Suscipit enim et et adipisci id. Veritatis esse placeat exercitationem ut. Sint qui sunt dicta dolor autem illo vitae aut.

Dignissimos sunt ut ea non maiores dolores. Cumque illum sit eum ullam. Magnam eligendi qui est nisi. Voluptate modi quia rerum dolores aliquid illo.

Qui quia corporis numquam. Consequuntur est libero sed fugiat ut quia adipisci. Qui ea et dolorum quia tenetur praesentium vero similique. Ab ut placeat quaerat.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”