GS TMT/FIG vs PJT RSSG vs Evercore M&A, BY EASE OF RECRUITING

How would you compare these in terms of first-year analyst's ability to recruit for MFs? Everyone knows that these are the best places to recruit from, but I was wondering in terms of culture (do senior management support recruiting and will go to bat for juniors), how do these rank?

 
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Firstly, as you mentioned all of these places are fantastic and will get you interviews everywhere you want. Ranking them is a bit of a weird exercise because they typically have different kinds of exit which is representative of the experience you get.

PJT RSSG is slightly ahead of the other two and is probably the best group for recruiting on a per capita basis. It has always done extremely well and continues to kill it after the transition from Blackstone. In fact, there are threads that show the exits and they are phenomenal. It is basically impossible to find a group with better all around exits. However, a lot of these are to top hedge funds / distressed debt as well as traditional PE. This makes sense given the nature of work and the candidates the group attracts. For strictly finance exits I would give it the slight edge.

Evercore M&A has great exits and sends people to MFs all the time. I would rank it on par with GS. GS, of course, has the name that gets you interviews everywhere you want, but the difference is that GS does not have a recruiting culture and will fire you if they find out you are recruiting. Obviously, people get around this and your team or juniors (Associates) can cover for you if you are tight with them but the firm policy is to fire you. I do not think this has changed. The other thing Evercore and GS will get you which PJT probably won't is non-finance exits and corp dev exits. People might not really be aiming for these but going to the corp dev team at Google or Disney is pretty cool.

Ultimately, go with the firm where you like the people the best and based on the experience you want. PJT = RX, EVR = Pure M&A, GS = Industry Expertise in a sector.

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