Moelis and PWP Offers
Have offers at both of these NYC offices, how would you all compare the current state and trajectory of both of these shops?
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Both have solid trajectory. Both have solid exits, and both pay very well. The choice comes down to: do you want to work on MM deals or larger deals? And, which culture do you fit with better? Also, I have heard they're both shifting to fully verticalized programs for full time.
Both have grown recently, and will continue to take market share in their respective domains. Cannot go wrong, congrats!
Which are u calling a MM?
They both spread in some MM deals, but it’s a known fact that Moelis is geared to higher-volume, smaller deals than say PWP or Lazard who tend to get larger (not necessarily better) mandates. It’s really about the experiences and exposure you’re looking to attain for marketing yourself in PE.
One ex-Moe analyst I know who left for PE eventually really liked their time there vs time at a BB prior to lateraling. But it may have been group dependent (was never told which group or nor did I ask). Enjoyed the exposure to MM deals vs bigger deals.
I chose moelis over pwp for sa 2021 and ended up regretting it. I switched to a better eb for ft 2022 (EVR/PJT). Moelis atleast from my experience had a harder working chip on the shoulder culture. This is reflected in bonus bands being way more spread out. Some people earn 140 total comp to- top bucket getting 200tc. Pwp buckets bonuses much closer together 180 tc- 200 tc which leads to less competitiveness and a friendlier culture. Also Moelis is no longer generalist at the analyst level which is a huge loss. You get placed in a coverage group now. PWP also has a smaller class size and from what I’ve been told partners will personally call and advocate for analysts recruiting on the buyside. I will say if you want RX Moelis is one of the best groups on the street and is 100x better than Perella start up rx team. Other than that I found the Perella team to be far friendlier, beautiful office, less face time, and fairer comp system. I would take Perella unless you have a desire to do rx.
PWP all the way
They can prob ID you, that’s a lot of info..
Really great insight and comments like these are what really makes wso great imo.
Like the guy mentioned above, that really is a lot of info and someone could prob ID you. Took a look through your profile (sorry lmao) and are you sure you summered at moelis in 2021? One of your posts you made was asking about having an associate forward your resume for sa22 (which is after your graduation), and in another comment mentioned you went to Baruch, but to the best of my linkedin searching abilities, moelis didn't have any summer analysts from there in 2021.
Know people change up small details to remain anon, but hope that it was your pov and experience and not someone else's. Great take otherwise.
Changed some details for my sake. Crazy you looked through my whole profile like that. Long story short, I transferred schools a couple of years ago and delayed graduation. Also attempted to recruit sa 2022 with delayed graduation at niche firms like Allen & co, Liontree, and Raine. My LinkedIn profile is private btw and under a different school
Moelis has more slightly more prestige/better exits but you should think about your interactions with everyone at the firms and choose based on fit. Long term that is much more important
Personally know two people who chose Moelis over PWP for 2023 SA. Feel free to DM, I could middle man their opinions!
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