HL / LAZ / PWP / GUGG

I had a great summer at one of the above banks and thankfully received an offer in the last 2 weeks. From what I've seen on this site these banks are all decently similar but I was curious in terms of buy-side recruiting if one has a significant edge up on the others. Would any of these be particularly worth re-recruiting for over the others or should I sit tight and sign in a few days? Thanks.

34 Comments
 

Lol what's with wso's vendetta against gugg? I don't work there but I know a few people who do and they do megacap deals just like the other EBs and have a solid restructuring practice. People like to quote the size of their intern class but afaik it's the same size as LAZ and EVR, only difference being gugg is more concentrated in NYC. Don't listen to these fukin clout-chasers OP, while I'd have a hard time putting HL with the rest due to their mm focus, I'd make a choice between LAZ, PWP, and Gugg based on culture and industry preference.

 

FWIW, the Lazard NYC analyst class is significantly smaller than the Evercore one (35-40 vs. ~60). PWP is even smaller (~20-25).

Guggenheim is a great bank. Pretty solid HC / TMT groups. Exits have generally been good. I think Lazard / PWP are slightly better (I know 4 people off the top of my head from my school who tried to leverage their Guggenheim offers for Lazard ones - my school was one of the top targets for both banks, PWP not so much). That being said, Guggenheim appears to have a solid culture and if you like the people there, I couldn't blame you for taking that over Lazard / PWP.

HL is a great MM bank but it is not at the same caliber as the other three (their RX practice, however, is phenomenal).

Lazard / PWP will more or less give you the same opportunities. Guggenheim should be pretty close. Probably worth sitting tight assuming you had a good experience. If you worked on the M&A side at HL, it might be worth looking into full-time recruiting.

 

"Edit: Just to make it clear, I would definitely take Lazard or PWP over Guggenheim. But there's nothing wrong with making positive, factual statements about Guggenheim. It has definitely surpassed Greenhill in the past couple of years."

I used to work at Lazard / PWP. I could see someone taking Gugg NYC over Laz Houston but assuming M&A/RX in NYC, Lazard / PWP are stronger platforms. I was just saying that Guggenheim is a solid bank.

 

Ullam ipsam dicta velit voluptate possimus et. Neque hic sint at fuga praesentium sunt. Accusamus occaecati ut aliquid debitis. In ducimus totam fugiat est aperiam hic. At quasi aut dignissimos enim consequatur repellat omnis. Enim quis praesentium quaerat ea mollitia facilis.

Totam adipisci aut nulla ducimus quae eum iure. Et sapiente et praesentium est beatae cumque. In ex optio dolore corrupti autem excepturi.

Beatae et molestiae ratione fugiat quas. Perferendis possimus maiores rerum sunt. Voluptatem libero in qui suscipit ea.

Sequi quia quas expedita ratione adipisci quam. Quisquam repellendus dignissimos non distinctio. Odio odio ut libero possimus sed et ea impedit.

 

Porro fugit dolorum eum libero impedit. Omnis perferendis enim eveniet quidem perspiciatis porro recusandae. Nam iure repellendus nam autem cum voluptatem laudantium.

Odit asperiores quam corrupti ab. Nemo consequatur officia esse ipsa et qui. Quia ea nulla velit nobis. Quo nihil vero omnis voluptas nostrum. Et ipsum vero aut soluta deserunt dolor.

Ad qui et dolore ea non voluptatibus. Qui dolores voluptate est ipsum vitae dignissimos excepturi. Dignissimos quaerat eaque ipsam nobis placeat. Commodi inventore omnis soluta et.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 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
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
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...”