Honest PWP outlook?
There have been a lot of conflicting posts and comments about PWP over the last few months and I wanted to see if someone could provide an honest, unbiased opinion about the firm’s outlook + how they stack up relative to peers
There have been a lot of conflicting posts and comments about PWP over the last few months and I wanted to see if someone could provide an honest, unbiased opinion about the firm’s outlook + how they stack up relative to peers
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PWP is overrated. The truth is that the gap among EBs has widened, and I would peg PWP closer to a Greenhill than an Evercore / Lazard.
…
I feel that this is definitely not right considering that GHL isn't even on the league tables this year and had revenue barely above 100mm in 1h2021. PWP, on the other hand, is Top 10-15 on the league tables globally and had 1h2021 revenue above 420mm.
Higher than Laz and Moe, but a fraction of the size. Laz has never equated to EVR, except maybe in 1850
And I would peg your take on it as wildly inaccurate. Greenhill? lol
EVR, CVP, PJT = PWP, LAZ, MOE (M&A)
PJT, EVR, LAZ, PWP = CVP, MOE (Rx)
All great firms…Depends what you want, PWP is the smallest (aside from PJT) but pulls more US Rev than half the firms. Exits are simialr at all, with EVR having a slight edge. Places like CVP, PJT, and PWP retain a lot of "career bankers" (probably because of high pay and tight cultures). PWP has poached many top bankers (Ex GS, JPM, LAZ) recently and they're rapidly growing (going public). I think the outlook is great and looking better as time goes on.
Not sure how to read that second line but would just call out that CVP is the smallest of the boutiques (50 partners, 350 total employees) and brought in $1.3bn last year.
Correct, my bad… just putting a gauge of deal revenues for M&A and Rx
This is factual, you can’t give MS lol
This is WSO, facts don't matter
An unbiased opinion would say they are obviously an incredible firm (learn about recent exits, global league tables, comp, culture). Ranking EB's is not the same as ranking BB's, except on WSO lol. Any EB (PJT/CVP/EVR/PWP/MOE/LAZ) will give you the SAME exits and it is entirely dependent on you as a candidate. Sure, PJT CVP and EVR may have a slightly marginal more prestigious factor, but any EB is incredible. Typically, people would take these over any BB but the GS/MS/JPM trio would be a toss up based on group, culture, ect. Hope this helps! :)
you guys need to get laid
Experiences varies by team/office yadda yadda:
Good:
Cons:
tl;dr
would take it over almost every bank except for EVR, PJT, GS, MS. As good culture as banking gets, upper quartile exits from what it sounds like on this site/friends in industry.
Will be joining the NYC office next year for full time but I’m curious how the placement process will work. I either want to do HC, C&R, or RX. From what I understand, they are the better and higher demand groups. Would there be a lot of competition and unlikely to get those groups?
Do you know how the LA office is in terms of deal flow in industrials and culture? Doing my SA at another EB NY but looking to recruit for LA offices FT.
which groups are seen as the toughest to get into? how’s technology group with their recent massive deal flow?
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