Is Evercore M&A overrated?

While we all know Evercore is a good shop in terms of $ value and deal flows, does it really outperform the other shops in terms of exits and analyst quality? Do top kids from H/W go there at all? I know a few kids at both and I don't think the most finance-savvy kids go there. It seems like most people at Evercore M&A either have connections with the senior management or good grades - but other than that nothing really stands out. Again, this is not meant to say it is bad, but there just seems to be a mismatch between its reputation here and what I have seen. The average kids at decent targets hype it up a lot but I have not seen the best kids go there in a while. Perhaps it's because of the class size?

 
Best Response

I'm at H/W. From what I've seen in the last few years, the general hierarchy seems to be: the best of the best at favor going directly into PE/HFs, then top EBs (EVR, CVP, PJT, Moelis), then top groups at GS/MS/JPM. After that, they go for 'average' groups at upper BBs, then the rest of the lower BBs and other smaller shops/boutiques.

EVR M&A is one of the most desired gigs at my school - its said in the same breath as places like GS TMT/FIG, Moelis LA, PJT, CVP, MS M&A, etc. If anything, EBs like EVR tend to be seen as a little more 'selective' and prestigious than the bulges as they take far fewer people (only a handful even at H/W)

 

Despite the negative publicity recently from the Moelis thread regarding that e-mail, EVR/Moelis are still desired places many people are willing to sell their soul for to work at.

No pain no game.
 

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