Jefferies vs Greenhill
Which firm is a better place to be at the analyst/associate level and why? Would love to hear thoughts around deal flow, culture, comp, growth prospects, etc.
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Greehill exits are better on average
Guess there’s a lot of butthurt Jefferies bankers on wso
Greenhill has the better exits and comp. If you're curious to know more about jefferies, you should check out some of the posts regarding the culture there... spoiler it's got a bad rep
Greenhill
Incoming analyst at jefferies. Would rather be at greenhill in all honesty. I had two friends intern there last summer, one in m&a and the other in rx, both really liked it.
Subscribing out of curiosity
What office? Texas?
Citi FIG vs Greenhill?
Greenhill by far - comp may be equal but culture is not even close.
Jefferies pays pretty well and it's an all-cash bonus. I am aware of the clawbacks but the same is essentially true for deferred stock-based comp as well (just in a different form). Aware of the tough culture in some groups but honestly have had a great experience interacting with folks there. Having said that, if you are interested in RX, then definitely head to Greenhill.
People are touting Greenhill's culture as top notch... I can reassure you some of their offices have a terrible culture.
Got any specific stories?
Christmas staffings (for pitches that have no real urgency) instead of a real gift.
EDIT: Damn someone is salty about the truth.
Can attest to this, culture is in the gutter. Avoid
Greenhill is dying and JeffCo is on the rise. Easy choice, try and go M&A/Industrials/HC/Levfin @ Jeff
JEF places tons of ppl at top UMM / Megafund PE shops. You have the same opportunities as you do from Greenhill. Might disagree that Greenhill exits are stronger.
JEF on the rise too and Greenhill not really as poster mentioned above. Think people still have impression of JEF from 5-6 yrs ago.
What’s placement looking like over the past three years? Would you say this is an trend that should carry over the next few years?
Yes
Which megafaunds did jefferies place at last year
Jefferies. Heard it's sharp elbows, but would say it's probably in the running for the best MM bank. The full-service IB model works well for them.
who else would you throw in the running
I think the leaders of the MM are thought to be a grouping that includes JEF, Blair, Baird, HL, and maybe Harris Williams.
Jefferies isn't MM except for a couple of groups.
Which groups would be characterised as MM?
Did analyst stint at GHL. Much smaller classes than JEF, which is why they may fly under the radar. Incredibly strong placement at MM/UMM when I was there. Basically if you wanted to go buyside, it was a sure bet. GHL does not have a lengthy track record getting analysts into MF but there aren’t many groups that do.
Related note - JEF and GHL are very different places. A place like GHL will never show up on league tables because the MD base is small. Pick their shots and try to angle for fewer, larger mandates with corporates. They don’t have a sponsors group. JEF is a lot bigger in terms of headcount. They also have a capital markets desk (unlike GHL) and deal flow more akin to a BB.
One look at linkedin will reveal that Jefferies has placed significantly better to MFs as of late. Jefferies' last class placed several analysts to Carlyle, BX, TPG, etc. while Greenhill had none.
can’t really expect anyone to exit to MF when u spend ur analyst stint pitching to lower middle market companies
Isn't that what Jefferies does too tho?
That’s sort of my point...GHL classes too small to have a real pipeline at certain funds. Maybe 1-2 every other year goes to MF. That’s about the same percent as JEF, but just working with smaller numbers
Looked at linkedin, last year's class had 1 carlyle and one bx placement, and the bx guy was at jefferies houston. This year a guy went to tpg, but he also went to standard. So it seems like unless you went to hsw or are going for a v niche industry like o&g where jefferies is a leader in the space, mf exits aren't likely within reach
incoming at greenhill huh...
What's standard
This is just untrue. Kids from JEF go MF all the time. I think there is a misconception on this site among the younger that only the most elite banks and most elite groups ever even get MF chances. At a reputable shop (JEF and Greenhill included) with a good resume with some solid deal exp. you can get a interview shot.... after that it comes down really to how good you are...
Heard jefferies also rapidly expanding their restructuring practice and recently poached a few MDs from PJT. Were on some of the largest mandates of 2020: EP Energy, Avianca, OneWeb, etc.
how would you compare them with the second tier rx shops? (HL, Moelis, Gugg)
HL is absolutely a top tier Rx shop.
This is obviously a troll post. Any MD that goes to that group was forced out of their prior firm (guy from PJT & Evercore). Everyone knows that!
^ "analyst 1" clearly has no idea what they're talking about. Mike O'Hara has been with PJT/blackstone for over 15+ years and the firm suddenly forces a senior partner out when they're experiencing peak dealflow??
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