Offer: Evercore vs GS vs MS vs Point72 vs Vista
Hey guys, currently a student at target. In the past few weeks, I've been very lucky to get offers at 2 of Evercore (Generalist M&A), MS, Point72, and Vista while I'm still waiting for GS to start. What should I do here? I'm interested in investing long-term (not sure public or private), value culture & compensation, want to work with the smartest colleagues, want optionality/broad range of skills in case I go to an operating role later. How would go about these offers?
EDIT: Most likely prioritizing Evercore and MS now since I want the training & broad skillset of banking. I've heard Evercore has the sharpest people, highest pay, and best training for investing down the line, while MS has more recognition outside of finance? Wondering: how do the "prestige" of the 2 compare within finance and how does the culture compare?
Comments (69)
considering some of these places didn't even given out offers yet, not sure how u got these offers lmao
I accelerated my MS offer for the others
cap
Lol i'm not here to argue about whether i have these offers or not, I know I do. If you want to say something helpful for the community, say it. Otherwise, shut up. FYI, I went through diversity rounds and grinded my ass off networking to accelerate those offers
LOL shut up diversity kid
Wait, curious, just wanna make sure u are not from Harvard
I think OP only has two of these offers, and the others are thrown in for anonymity
If you're not sure about public or private, then Evercore or Vista is the way to go. Vista if you like software investing, Evercore otherwise. Evercore will give you the most training and optionality, but Vista is clearly top choice if you want to do software investing
thanks. what's better in regards to training, comp, people, culture btw evercore and vista
This is the most generic advice possible
This is why diversity recruiting needs to end. Fucking retarded.
It's rly not that diversity recruiting should end, but the mentality of ppl trading one offer for another. Firms should be like colleges, giving out ED, forcing ppl to go. The market is f unfair this year cuz these numbers of trading. If one truly wants to go to somewhere, and gets the offer, I literally don't know a single piece of reason of thinking for trading for another place
nothing wrong with trading offers. Everything wrong with having different requirements for different skin colors. ive been on the other side of the table for recruiting and i dont think you understand just how rock bottom low the bar can be if you are a certain race.
im sure any diversity candidates at these top shops can smoke tf outta you
Deleted
soft
I'm a "low-income" Asian male as well, and I go to a non-target; I've received multiple first rounds and superdays - Diversity is not an excuse. I would wager on your attitude being the issue (Maybe you come across as cocky, overconfident, or just unlikeable…wouldn't surprise me given the contents of ur comment lol)
+1. Also a low income Asian dude (when I went to college my family AGI was $20,000). Anyone blaming diversity for not breaking is just a moron.
Stay mad you should've worked harder or made it into a target. People like you constantly bitch about diversity to cover up the fact that you're just not good enough
I think you're just a loser bro lol. No one gives a shit to be frank. Pretty sure it's your attitude that's the problem– I'd focus more on that if I were you
You are literally the same as an Asian from Harvard who traded his Point72 offer for a superday for MS Menlo Park. This literally has to end
And he got that offer of course. When u folks are trading this for that, it's creating an unfair scenario for the market. I literally don't know the meaning of posting this, cuz u already know the answer. Not even considering the fact that ppl can dig into u personal details and send to the firms, the action itself is cocky as f
shut the fuck up. i dont think you understand that Asians dont count as diversity (actually anti-diverse, whatever the fuck that means). There's no issue with screwing firms over by trading offers. The issue is that it should not be possible to get this many top offers-it signals the bar for diversity is rock bottom.
Do u even understand wut diversity means bro? LGBTQ+, girls also included. If u want definition, please go to find a dictionary. Don't try to justify for this person, Ik who it is
Genuinely curious - would you be concerned about tech impact on Vista considering SVB event, as Vista is really at the forefront of this...
And I do know someone who picked MS MP over Vista haha, just as a reference pt.
whats wrong with ms mp
curious to hear why? Could be a bit short sighted here but if goal is to exit to PE out of MS Menlo, I mean Thoma, Vista, SilverLake, Advent, H&F, are probably some of the most desired exits - so why turn down such an opportunity right out of undergrad?
I mean, the FDIC and whatnot announced that all depositors would be repaid in full - but I don't think this decision should even remotely lead one to turn down an offer at Vista/SilverLake - there's no better position to have for tech investing right out of undergrad
Thanks for your answer, do you mind if I PM you? I also have an offer for Vista 24SA, but I am just getting concerned that SVB is only the start and the pressure for tech investing returns could be really high over the next year or so (leading up to the internship).
Evercore or Vista
With the current (shit) job market for PE associate recruiting, even a gig at Evercore won't guarantee a spot at an MF (BX, KKR, Apollo, WP, Bain, Vista, Thoma, Advent, H&F, etc etc).
If even remotely interested in PE down the line, would take Vista
If you want to do hedge fund shit, do point72. If not then idk, didn't recruit for banking. Worth mentioning that a hedge fund program like P72 out of undergrad is in a league of its own in terms of difficulty to get; if you want to work with the smartest this is def one of the shops to go to.
Its just an internship, can move into other stuff afterwards but if you're serious about valuing optionality above all else - don't go to P72.
P.S: I'm interning at P72/citadel this year and have spoke to PMs and analysts to make a decision. I suggest you do the same; half the fucks here are college kids w 0 offers.
Sent you a dm
Take Evercore and don't look back. Easily most prestigious/hardest to get out of those
thank u dude who's never worked at any of these shops
I could be tripping here but the answer seems a lot more obvious than it seems - you say "I'm interested in investing long-term".
EVR/MS are amazing shops - but you've been offered an investing role at two massive and well-performing shops right out of college P72/Vista - why wouldn't you take that?
The reason everyone's shitting on you is because the question is 1) answered on the site 2) short-sighted and 3) makes no sense.
1) this is the 10000th time this has been posted in some variation. Though you are a different person going through this situation for the first time, people have discussed all the firms at length in other threads
2) you're thinking of this like some sort of optimization problem because you're a sophomore. Get it, a lot of us were there once, but this isn't high school anymore where you're trying to get into college where they are clearly ranked. These jobs can't be really compared objectively and you should be asking yourself questions rather than outsourcing them. "How risk averse am I? What do I find interesting, process work, research, or sales? Do I care about location? Which has the best mentorship opportunity? Will one lead to another job I really want? What deals/investments has the group done recently? Where do I fall on WLB/total comp? Can I handle stress?" Also prestige pretty stupid and ephemeral, if you got the dog in you you'll make it anywhere you want. This leads into point 3:
3) MM HF, PE, and IB are totally different business models. Sure they're all finance but they'll set you up for entirely different paths. If your question is "what will set me up for optionality if I have 0 clue what I want in life" you should pick IBD, that's clear from all over the site. Otherwise you're asking us "what should my favorite color be, which is most prestigious/closest to other colors/most used in society" and no one knows how to answer that
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Worked at 2 of the 5 shops above. Based on your priorities and if you want to do IB first, take Evercore over MS or GS. Better training, exposure, smarter colleagues - all the stuff you've heard from other threads are mostly right. GS/MS had more recognition outside of finance maybe 10 years ago. All VC shops and corp dev at Fortune500 today are very well aware Evercore.
If you want to get into investing from day 1, obviously go to Vista. Easier to go from GE/PE to HF, but not so much the other way around.
Tbh, any would be ok for you. Evercore, MS or GS. All smart people with some nuanced differences. I would make the choice based on culture aka who you liked more. Exit opportunities are virtually the same. Please remind yourself that the majority in this forum are anxious undergrads, so, you are talking to a kid your same age or +5 years older and the advice may be skewed to their own recruiting outcomes.One point to highlight, the market still (not 10 years ago as mentioned above -I can feel someone is typing to rebuff me as what I mentioned doesn't conform to their opinion-) perceives GS as the best brand in IBD and that brand will be with you for 20 years, or even forever. If b-school is also something you want to consider in the future, GS may be the better brand.Although, you will not be making a wrong decision going to any. Good luck!
Evercore is the most prestigious
Surprised no ones here talks about vista going under. They're raising fund for years and only hit half the target, culture is toxic and not collaborative, they don't teach analyst shit and don't guarantee promotions. People are leaving left and right. Unless you're interested in P72, doing Evercore then gunning for TB is the best choice.
Why TB versus Silver Lake, WP, TPG, Clearlake etc?
Are you speaking from first/second hand experience? Not sure how one of the most active tech buyout shops with 96B AUM would simply just be "going under". Sure, with the SVB scare and the CEO's repetitional risk, they're not at the best of states, but they're still raising funds and generating returns, albeit not at their historical 35+% IRR.
Also this forum overall seems to shit on Vista, yet people in the Austin office seem to love the culture, as strides have been made since post-COVID, and Vista themselves emphasize a strong history of promotion, with evidence to back it up (as in, they're promoting their analysts to associates, associates to senior assocs, etc). Analysts also cut through SaaS data, and zero sourcing. So not sure where all these claims are coming from tbh.
Vista was only able to raise half of their prior fund's for most current one. Bad sign. Steer clear
But in this environment... can you blame it all on Vista? PE execs all over know with these interest rates, inflation, dry powder, etc, we're entering one of the roughest fundraising environments, it'll be bad for a lot of firms, no? Would this hump in the road detract one from taking a Vista analyst/associate offer? I can maybe understand a Sr. Assoc and up offer, but given the learning experience and investing mindset in the analyst/assoc years, isn't Vista still a good shop to be?
Also, wasn't their prior fund the largest tech buyout fund raised....ever. Kinda hard to even come close to that given the current macro lol
Doesn't matter whose fault it is. The truth is that Vista will never put up the same returns it did in the past. ZIRP party is over
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