Moelis, Wells Fargo, Macquiere Real Estate
Have offers from the above-listed banks in REGAL. I'm interested particularly in Real Estate (care a little less about gaming) and hoping for good REPE exits but can also see myself pivoting to Real estate development down the road.
Moelis has a better brand name but from what I have gathered, WF has a solid REGAL group with great exits. At this point, I am down to Moelis and WF. Throwing Macquiere in there just in the case someone has additional insight that I may be missing.
bump
Bump
Is this for SA, FT, or lateral?
I heard Macqueerie has an event where they fly juniors to Australia to drink and network and see kangaroos and then give you a weeks worth of work to complete in a few days when you get back
Lol sounds like what I’ve heard about Macquarie culture
bump, it's for FT
Are you analyst or associate?
And if you don’t mind what bank are you at now? I think the battle isMoelis vs wells
In the U.S., I don’t think Macquarie does anything significant compared to the other 2. Correct me if I’m wrong though
Either Wells or Moelis would be solid. Is FT recruiting still going on right now?
Bump
Whichever pays the most between Moelis and Wells.
I’ve never worked with the Moelis REGAL group but have worked with Wells. Seems like a great culture but would be very hard to turn down Moelis just in terms of prestige.
Yea Moelis has the prestige name but Wells seems to have the better group. Also, have heard for REGAL you want to be at a bank that can finance since RE is debt intensive.
How was the Wells REGAL group from your interactions? Lots of smart ppl?
Honestly they seemed very chill in person (at the Wells Championship though so they were definitely loosened up a bit).
Over email/calls, they acted as typical bankers do.
There is a lot of collab between teams there. Head of Coverage is involved, syndications group, balance sheet group and they all seem to get along.
Moelis and Wells both have solid real estate efforts. As others have noted, balance sheet is critical in RE and Wells necessarily has a seat at the table in REIT land as well as seeing a lot of activity through their CMBS business.
Among the boutiques, Moelis is really good in real estate and has occasionally printed some really nice public M&A deals (Realty Income/VEREIT, Cominar's take private, Safe Harbor/Sun Communities, Brookfield/Forest City). But much of what they do between high profile deals is work with other industry bankers on real estate-related stuff (e.g. talking to retail or restaurant companies about sale leasebacks, partnering with telecom bankers on data centers, selling portfolios of assets). Of the elite boutiques, I would place Lazard and Evercore perhaps a click higher on real estate. Also worth noting that Moelis has a very good gaming practice, but I believe it is based in LA whereas RE is in NY.
Finally, Macquarie is not really very active in pure real estate, BUT it is absolutely worth noting that their gaming practice is top class. They see a lot of deal flow from traditional casinos as well a good bit of M&A in the gaming tech space which is everything from slot machine makers to digital and online gaming.
It is a niche sector and you said you were more interested in real estate than gaming, but be aware that Macquarie gaming is very prestigious.
Thank you so much for the info! I have heard Mac is pretty active in gaming and definitely are solid in that niche sector. I won't lie, the space is definitely of interest to me.
Is wells even somewhat active in the gaming space?
Yes, Wells has done some gaming, but it is much more sporadic and middle market. Their longtime head of gaming left the bank a year ago and would not be surprised to see them hiring a new MD to cover the space.
Oh I see. In RE I am assuming they do large cap right, not just MM. Who was the longtime head if you don't mind me asking
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