Houlihan Lowkey Restructuring vs. Evercore M&A
Hi, I have been in contact with some people at both these firms/groups for a position and was wondering which one I should pursue the most if given then option?
I met both of them a while back and have shown them my interest, and they both told me that I should apply to any positions or SA coming up. However the Evercore person told me I should just focus on them because they’re more prestigious and that it’s better to show dedication, whereas the Houlihan Lowkey person told me it was okay to be interested in multiple groups.
What would you guys recommend I do? And what are the your thoughts on team culture, prestige, exit ops, etc?
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Learn to spell Houlihan right, then pursue both aggressively until you have an offer in hand
Both are very very solid groups with great reputations. Don't think you can go wrong with either. I think the more important question is - what do you want to do in the long term? The exit opps for M&A and restructuring IB aren't exactly the same.
First of all, stay in contact with both and recruit aggressively for both as both are extremely competitive to get into. Assuming you have both offers then it comes down to what you like more and what exits you’re looking at (if thats your thing). Restructuring and M&A are completely different
Interested in PE? Evercore.
Interested in distressed PE/HF? Houlihan.
Both are great groups, and have great exit opps. Culture is great at both, so it's up to you to figure out which is more suited to you.
Also in general, you prob shouldn't be telling either one that you're interviewing at the other. Esp when one is M&A only, and the other is RX only.
More advice - recruit everywhere until you get an offer, then you can narrow the funnel
Highkey Evercore will provide a bit more optionality but not so lowkey Houlihan RX is pretty great. Evercore has a stronger overall brand but RX at Houlihan will get you looks at all of the major distressed shops (also their seamless budget is allegedly double what the M&A side gets)
Spoke with a VP at HL M&A recently and he said the RX group is going to be crushed for a couple more years to come with this COVID bs. This obviously isnt without saying that Evercore M&A is an amazing place to be, but as others have said, it really depends on what you goals are for the buyside.
crushed for a couple of years? Really?
That guy has no idea what he’s talking about I feel. RX is slow rn and it’s hard to predict how credit markets and macro environments will evolve
Which one of us said this wtf. I doubt someone told you to focus on applying to only one firm. Apply to both, see which ones you get, then worry about narrowing it down.
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