MS/JPM Coverage Group vs EVR/Moelis - London

As in the title, I have to choose between geographical coverage team at MS/JPM vs EVR/Moelis (no group allocated yet) for FT in London.

Considering I'd like to try PE at some point what would you recommend?

31 Comments
 

I would go to GS/MS and I don't think it is even close in London if you want blue chip PE exits. Yes the groups you mentioned are weaker but you will still be more targeted than at an EB. The only caveat is there were massive cultural issues or if you think you'd jive better with people at EVR/Moelis. Also if you want to do RX maybe consider Moelis.

EBs in London are usually less targeted than their BB counterpart at all levels in London.

 

Is it in the UK or in France?

In France Lazard is gold, most likely as good or even better than most BBs and Rothschild is still a great MM that has a lot of sell-sides and some big deals, maybe a little bit behind of US BBs

In the UK / EMEA they are quite behind, Lazard is still a great place, with very good reputation but behind US BBs and probably similar to CS/Barclays and Rothschild is dominant in the MM market but with some limited exits to UMM or MFs

 

Depends. Overall, I’d rather join a strong team at Evercore rather than a weak one at JP. If you got MS, go for MS.

 

not as easy as many are saying. Exit to PE in London: does the coverage group sit in LDN? if so, go for MS/JPM. If not, you can still go for the BB and after 2 years do a rotation in LDN, with all the risks associated to it. So, if the Coverage team doesn't sit in London, maybe I'd go to the EB and take it from there. If you don't mind doing PE in continental Europe, I'd go with the BB no matter what (as they said, usually JPM/MS have top notch exit opps compared to EVR/MoCo)   

 

Depends heavily on the team.

It's easy to say "go to GS/MS/JPM" (statement with which I would broadly agree with) but don't forget that it's usually analysts from teams such as TMT, Healthcare, Industrials that end up at BX, KKR etc. Additionally, these banks have huge analyst classes, so it might be misleading to take a look at LinkedIn. 

If I were you, I'd try to ask someone working in the aforementioned PE shops, I am sure they know better than interns on this website.

 

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