Moelis LA vs Moelis NY. How do they compare in terms of exit opps and career projection? What would you choose?
Hi, I will soon be joining Moelis in a second tier banking city in the US as first year analyst. The company is pretty good at letting you transfer and I plan on applying for either NYC or LA. Do you have any advice on which city would be better given my ambition to join a hedge fund. I know people say that Moelis LA gives you better exit opps but is that true only for PE or is it true for HFs as well? I have a hard time understanding how being so far from Wall Street could help position me for a career to become a PM at a hedge fund. Also, are you aware of any other difference between the offices? Does the amount of working hours change? Is compensation the same despite LA’s lower cost of living? Assuming I do not succeed in moving to th buyside as an analyst, which city is better for an associate still looking to join the buyside?If you were in my shoes, what would you choose and why?
EB1997, have you checked out these or run a search:
If those topics were completely useless, don't blame me, blame my programmers...
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I can't comment on anything besides the fact I was anecdotally told recently Moelis LA lifestyle has improved materially and it is "no longer a sweatshop" (by a current analyst in a non-NY, non-LA Moelis office).
I was just as surprised to hear this as I was to see a Moelis analyst who was not in his seat at 8 PM on a Saturday
Can confirm. Moelis has hired larger analyst classes the past couple of years, instituted protected weekends (only 8/year but still). LA dealflow is still exceptional. MDs are intense, but hours are not outside of the norm.
Bump, curious as well! If Moelis can change then that's a really good sign for banking in general.
The only thing I know about Moelis LA is the horror stories from 08, so if lifestyle has improved considerably then its a really tough office to beat esp with its buyside placement. Since most of us are east-coast focused, does any west coast banker actually have insight into this? (I'm assuming mango345 is one)
From talking to current analysts in both offices, Moelis LA has about 9 analysts per class and NY has about 40 so totally different sized offices and the culture of each reflects that. From what I know, the LA office is pretty laid back and casual (some analysts wear polos and jeans every day and some try to surf early mornings) but obviously everybody works hard and everybody is busy. NY it sounds like is a bit more buttoned up and has more of a traditional banking culture.
Surfing before work? Damm it's time to make the shift to the west coast...
Exactly my thoughts
Can’t beat that work life balance
https://www.wallstreetoasis.com/forums/moelis-la-vs-moelis-ny-vs-lazard…
Some guy posted saying this ->
"I've got a friend working at Moelis LA and he is the hardest working person I know. He would pull all-nighters for fun and was an absolute beast. I've talked to him quite a bit lately and he said he's been torn to shreds for the past year. Ken sits in the LA office and doesn't leave until 10-11 pm every night, so everyone else gets out past 12 daily."
Don't know any sane person who would pull all-nighters for "fun". Not sure if srs.
Ken doesn't "sit" in the LA office, so the whole post sounds like bullshit.
Never understand why people keep perpetuating this whole mystique about moelis...
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