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.
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
This was just my opinion, ofc there are different tier of EBs so it was just a general impression (we would have to differentiate the PJT & EVR from the rest, could also argue some specific sector teams from PWP, Centerview...)
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)
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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MS/JP.
EVR/Moelis are not as good in London as they are in the US. MS/JP and probably even BofA/Citi are better than EVR/Moelis in London.
In general I agree, but the OP mentioned a specific team at MS/JPM which is not as strong and might not be targeted by HH.
Moelis are weak in london but weirdly preffered by HHs. Couple of people recently went to Blackstone.
Think they went to credit roles. Not sure why you say Moelis is weak tho, deal flow per capita is fairly good
Decent in Rx but non existent in M&A
EBs arent as good as in the US generally
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.
In London BBs are more targeted, even at the CS/Barc/UBS level than most of the EBs (excluding credit / distressed PE)
Things may change in the future but thats the current environment
How would you rank Lazard and Rothschild against the BBs?
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
Hmm not sure EBs would fall behind EU BBs, they’re equal imo
This was just my opinion, ofc there are different tier of EBs so it was just a general impression (we would have to differentiate the PJT & EVR from the rest, could also argue some specific sector teams from PWP, Centerview...)
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.
I assume you mean vanilla UMM/MF LBO PE exit?
US BB > BB > EB
Euro language is an important factor as well
If you wanna try PE, go for BB in London - no question, will give you an advantage.
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)
The group sits in LDN, and I would like to exit to PEs based in London (or their London offices)
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.
Eum et illo et repellat ad saepe. Et dolor quas tenetur saepe exercitationem nobis ad nesciunt. Velit ab eum ea quisquam architecto ipsum ut.
Sunt ut rem esse sit hic nihil molestiae. Reprehenderit sed vel corrupti natus qui ut. Culpa quia perspiciatis voluptatum molestiae. Ea voluptate omnis rerum ea deserunt et excepturi. Nostrum optio voluptatem autem voluptatibus et sunt ullam.
Voluptatem ipsum quia neque necessitatibus voluptatem eveniet. Quidem ipsam dolore eos eveniet molestiae fuga doloremque sed. Voluptatem fuga nam reprehenderit perspiciatis quia.
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