Old

The only thing

I might say is that MS n=might be first and GS might be second but not completely sure about that

Lols at trying to come up with a prestige ranking

With that being said, additional lols at Evercore being third

I'd include Rothschild towards the middle / bottom of this list (not necessarily a powerhouse in the US, but they've got a really strong brand name in London).

Would also bump JPM and Lazard above Evercore. Evercore is top notch in the US, but its London office doesn't quite seem to have reached the same level (yet).

Sorry for bumping an old thread but how would PJT (and other EBs) place in general?

I would put CVP above BAML to be honest...

1. Robey Warshaw
2. GS
3. MS
4. Centerview
5. PJT
6. JPM
7. EVR
8. LAZ
9. BAML 10.RTH

What do you think?

No.

List is quite good but you definitely got a few points wrong:

CS>Citi

-BAML should be one spot lower, especially given recent developments

Moelis should be bumped up to the Lazard level and so should Evercore

Barclays and DB definitely above UBS

Rothschild does mainly MM, it is not at the levels of Evercore, Lazard, and Moelis. Especially for exit opps! It is a great place if you want to be a career banker though

The list is good for PE but not really accurate for hedge funds where top distress shops like HH, Moelis, Lazard, PJT are only behind GS/MS/JPM

MS>JPM

Centerview should still be above despite what you said (which is true)

My list that will follow is not only based on exits but also based on what a few of my mates did recently:

turned down Citi, Lazard, JP Morgan for Moelis

turned down DB and Citi for Centerview

turned down Evercore for Moelis

turned down Rothschild for Evercore

turned down JP Morgan and Morgan Stanley for PJT

turned down BAML for Credit Suisse.

As smart and informed people, I assume that they did not make such illogical decisions and I know for a fact that their judgement was not based on the team and that they were telling the truth about the offers (close friends that are self confident)

The list in my opinion should be:

1) GS, MS 2) PJT, JPM (PJT>JPM if interested in restructuring) 3) Lazard, Moelis, Evercore (all three also top for hedge funds especially if in restructuring at LAZ or Moelis. Plus all three have the great advantage of having a generalist pool which gets you great exposure to restructuring and M&A ans allows you to work on a great variety of deals, plus relatively easy mobility to the US if you want to transfer. Plus average first year bonus of 90% from what I have been told from friends)

4) PWP, BAML, Rothschild, Credit Suisse 5) Citi, Greenhill, Centerview 6) DB, Barclays

7)UBS, Jeffefries, HSBC, RBC 8) BNP, Nomura, Macquarie 9) MUFG, Mizuho

This list is for exit opps, in case you want to be a banker for life boutiques should be much higher because of the higher bonus and cash compensation. You do NOT want to have huge deferred compensation tied to the performance of the stock as most Investment banks have sideline stock prices and even huge declines as soon as a crisis hits. You want to be putting your money to work in a smart way such as real estate and possibly other investments rather than being massively overexposed to one super-cyclical investment. This is not my case, but if I wanted to be a banker for life I would definitely choose Moelis and Evercore over MS and JPM, possibly even GS depending on the group. The reasons are:

-Faster promotion for super stars

-Less bureocracy and compliance

-Easier mobility to other offices

-Much greater exposure to senior managers and clients

-Higher compensation

-Cash compensation rather than stock options

If you disagree with my ranking or any of my points feel free to chip in!