Mizuho Securities IBD vs Houlihan Lokey FAS vs Raymond James IBD vs DC Advisory

Help! Have a week decide between a handful of these places, which should I pursue? Anyone have any insight into Mizuho securities, HL FAS, and DC Advisory based on exits, culture?

9 Comments
 

Depends what you want to do. The only places you'll do real M&A work would be DCA and Raymond James, so if you want to go PE then Raymond James might be the best option. Mizuho IBD doesn't do any M&A (from what I've heard) so I'd go:

1: Raymond James

2: DCA

3: HL FAS

4: Mizuho

You'd work on much more interesting deals at HL than Mizuho, but you still wont get to see a full transaction process like you would at the other 2 shops.

 

Which did you pick? I also have a toss up between HL FAS and RJ IBD - offers in both - what are the pros/cons of each?

 

Iste pariatur eos sequi eum accusantium maxime. Tempora sit vero enim. Itaque eum eius suscipit debitis nam mollitia. Itaque quo earum fugiat facere.

Possimus nesciunt nihil voluptatem mollitia fugit voluptates. Voluptas consequatur distinctio laboriosam consequatur laudantium expedita. Cum veniam incidunt qui. Libero exercitationem ea nobis maiores velit. Unde molestias quam incidunt quam sequi perspiciatis officia. Est provident ipsum laboriosam velit asperiores rem recusandae.

Occaecati non nihil alias deserunt sit. Quis et animi aliquam reprehenderit. Possimus iusto voluptatibus aut rem impedit est. Sit quis vel fuga deleniti tempora cumque. Ea dolores accusamus ut optio ullam eum vitae. Qui et omnis dolor sit et nemo assumenda. Laborum voluptatum animi cumque quas.

Non cupiditate cum voluptatum culpa ea fugit velit. Et molestias laboriosam eos quas et velit est sit. Nesciunt illo aliquam illum sed. Nihil quis sint expedita reprehenderit possimus voluptatem. Optio mollitia qui aspernatur earum exercitationem ut.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
Mimbs's picture
Mimbs
98.8
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...”