Investment Banking PCA Rankings / Discussion / Insights

Hi all, current analyst in PE secondaries. just wanting to learn more about the general PCA landscape. I understand that my list is rather incomplete, so feel free to add your own thoughts. From my own research and experiences, here is the conclusion I came up with:

Tier 1:

  • Evercore: the best in the game, owning half the secondaries advisory market

Tier 2:

  • Jefferies: Decent Deal flow, ex-greenhill ppl, which used to be #1 in the game
  • PJT: Also decent, good amount of deals
  • Moelis: ??? apparently ppl from Jefferies going here, haven't seen many deals from them however

Tier 3:

  • Lazard: decent deals, only does GP-leds
  • Campbell Lutyens: Not an investment bank, but a placement agent

Tier 4:

  • Everyone else
1 Comments
 

Et voluptatem delectus quo ipsa tempora ducimus. Corrupti temporibus esse porro. Magni vero culpa consectetur impedit voluptatem sunt. Voluptatem numquam iure quod perspiciatis delectus animi similique.

Dolorum unde soluta dolorum dolore laborum quia. Eligendi et odit magni eum earum consequuntur. Expedita aliquam est consequatur sunt rerum provident culpa.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

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

Professional Growth Opportunities

August 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

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $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

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...”