niownoivninvoe god I am freaking out right now. I don't know which firm to go with. I was thinking of Moelis just from the conversations I've had with the analysts and overall vibe of the work culture but people have questioned me.female from H/W/P
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jesus fucking christ... congrats!!!
Well, Moelis is known to be a sweatshop but heard of some insane benefits analysts get there. Lazard's NY building is so pretty. I'd personally go Moelis/Lazard > PWP
What are the insane benefits?
you get the opportunity to work at 4am
They’re all pretty much equivalent. I would go with the one that has the culture you liked the most.
If you were to rank them is prestige/exit opps, what would it be?
Moelis > Lazard/PWP
For prestige I would say Lazard probably has the most with Moelis (at least NY) and Perella following closely behind. Exits are variable year to year but know that Lazard and Perella place extremely well in NY with Moelis west coast exits being stronger than NY. That being said, when it comes to firms at this level you’re splitting hairs and a lot of difference in exits is a result of personal analyst choice/preference
Congrats!
They're all very great banks in NYC. I would go to Moelis or PWP. They are more exciting and rapidly growing places (imo). They still have a traditional "lean" deal experience (Lazard is very bloated and hierarchal). I know people who have chosen each over the other, so I really think it comes down to the culture and fit (you want to enjoy your analyst years). Each of these firms will (equally) send you to UMM/MF PE if you work hard…Moelis = Highest deal volume…PWP = Largest average deal size…Lazard = Largest global presence…2021 US M&A total deal value / fees: 1. PWP, 2. Lazard, 3. Moelis…All have the capability to see Rx as an intern too… Congrats!
Also, they all pay about the top of street (besides Laz historically)
Super helpful!! Thinking between Moelis and Lazard right now… didn’t connect well with some of the people at PWP. Mind if I dm?
Sure
I am a current 1st year at Moelis and interned there. Happy to DM me if needed.
What is the all in comp for all of these places of current analysts could chime in?
With raises and 2021 bonuses ranging from 80 to +100%, I’d say 200-240k. PWP and Moelis pay better. Laz and PWP exit the best. Lazard has a tough culture. Moelis and PWP work a lot too but generally have chiller people. Know many people at all three. Can’t go wrong
Can guarantee LAZ and PWP do not exit better on average
whatever
I'd assume you're an incoming summer analyst…Congrats on the lazard offer, but it's not special…These firms are all similar, besides the fact that lazard revenue and market share has fallen the last few years.
Thanks but I'm not an incoming summer... and I don't work at Lazard. I actually ended up joining a BB M&A team over all 3 and haven't looked back since. But yeah that's how I ranked them when I was recruiting two-ish years ago.
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