With SA recruiting around the corner I was doing some research on firms I might be interested in and it seems like Greenhill has had a bunch of big / notable transactions this year so far.
Anyone have any insights on how the culture, comp, etc has been in light of this? I’m interested in Chicago and know they have an office there
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Greenhill's Chicago office has been highlighted positively in recent discussions. Based on the most helpful WSO content:
Culture: The Chicago office is noted for having a strong culture. Analysts have reported enjoying their experience, with relatively little facetime and seniors who are supportive, even going to bat for juniors during buyside recruiting. The culture has been described as collegial and improving over the years.
Compensation: While specific compensation details aren't provided, Greenhill is generally considered competitive within the boutique space. However, some past threads have mentioned dissatisfaction with policies like comped meals, so it might be worth investigating further.
Exits: The Chicago office has seen strong exits to top private equity firms such as Silver Lake, Thoma Bravo, Madison Dearborn, and Warburg Pincus. This suggests that the office maintains solid relationships and credibility in the buyside recruiting market.
Deal Flow: The Chicago team has been committed to the market for years, with a team size of around 15-20 bankers. Recent years have seen an increase in MDs and deal activity, which aligns with your observation of notable transactions.
Overall, Greenhill Chicago seems to be a solid option, especially if you're looking for strong culture and exit opportunities in the Midwest.
Sources: Lazard vs Moelis Chicago Offices, https://www.wallstreetoasis.com/forum/investment-banking/jefferies-sf-vs-greenhill-sf-vs-moelis-la?customgpt=1, Greenhill in 2020, Is Greenhill really that bad? (M&A)
know a few folks who work at GHL Chicago / GHL NY. A lot different than where I currently work (BB NYC) WLB apparently really good and deal exposure is solid + they can package lending capabilities now. Seems like firm is doing better from recent deals on the website.for analysts hear that PE exits are still supported and you can place into UMM and MF if that’s the path you want
helpful — have your friends in the Chicago office ever mentioned how it stacks up against the other boutiques (Moelis, EVC), BBs, and the general mm players (Blair, Baird, Lincoln, (and now gugg?))
dont have too much info but I’ve heard WB / Gugg Chicago / Baird(lol) are middle market sell-side focused shops but have bigger teams than Greenhill and Moelis. Not sure how comp stacks up or if the other Chicago banks have solid exits
Anecdotally have heard exits from GHL CHI are great
Define comeback? It is not like they came back to being close to their recognition in the 00/10s, but they are definitely doing better nowadays. They landed some impressive mandates and analysts keep on existing well (UMM, with occasional MF, is definitely common)
Overall, not a bad place to be. Obviously, most would still take a top EB like EVR, CVP, PJT etc over it but it is a solid choice to kick-off your career
Makes sense… I know PJT and CVP don’t have offices in chi but that is good context
Anybody have color on comp? Deal flow over last 6 months or so has been strong per their website and I know culture is well regarded
how r they making a comeback did Mizuhi improve talent pool somehow
It’s largely because Greenhill can now offer financing through Mizuho, and Mizuho has also introduced a number of sponsor relationships to the firm
I’m confused how it worked with the mizuho merger. Does ghl still hire or is it all under mizuho? Also what would be better, working at mizuho or ghl?
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