Hi everyone, I would love to learn more about the exit opps, pay, and top banks in PCA. It seems like quite an interesting place to be.
Look forward to your responses - thank you.
| +133 | Americas M&A League Table Q2 Updated | 62 | 1h |
| +132 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 25 | 1d |
| +64 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 12 | 1h |
| +49 | Boutique firm wants access to my LinkedIn? | 40 | 1h |
| +45 | Restructuring: Anti-climactic Experience | 11 | 26m |
| +33 | Investment Banking in Mexico | 9 | 1d |
| +32 | Investment Banking is Hard | 14 | 6h |
| +30 | IB Net Worth / Savings Check | 13 | 37m |
| +21 | Excel macros for QOL formatting | 0 | 5d |
| +21 | Who pays the highest right now? | 12 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Hi Prospect in IB - Cov, any of these threads helpful:
More suggestions...
If those topics were completely useless, don't blame me, blame my programmers...
Bump
Exit Ops: FoF, Secondaries PE, Lateral to other parts of the bank, maybe LMM/MM PE (if you're doing single asset GP-leds), etc.
Pay: At top banks similar to M&A groups
Top Banks: Historically, EVR/LAZ/PJT. Lots of new teams/movement with GS/Jefferies/Moelis starting teams so tbd what the landscape will look like in 5 years.
Good overview, I would like to add that the Secondaries groups at EVR and PJT specifically have had higher bonus allocations than many of the M&A teams, at least at the AN/AS level, at the same base salary.
How easy is it to move/lateral to M&A or Restructuring/Debt Advisory?
No.1 is by far Evercore. They have insane deal flow but that means they also have insanely long hours. They have high turnover at the junior level because they all quit after 1-2 years due to the burnout.
I also heard the Secondary Advisory team (Private Capital Advisory) at Evercore is their highest paid team that earn more than their M&A teams.
This is correct on comp. Your reason for turnover isn’t true
At a high level, what is/are the reason(s)?
Thanks for confirming! Yeah these are just rumours I've heard so I wasn't 100% sure I just heard the hours are very long and that their juniors end up requesting to move teams within Evercore or leaving but yeah just rumours.
Any idea what the hours in that team is like?
I don't know much about Campbell Lutyens but I heard they're very strong in the space but heard they are also a sweatshop where you'll work very long hours.
Any other opinions on exits in this space?
EVR/JEFF/PJT in top 3 for GP-Led
Curious to hear about whether it would be smart to start a career in this area? I'm not sure whether I want to do PE or HF or such down the line yet.
I heard PCA is a good space and in a growing market. Looks like comp is solid at many firms, but what are hours like? Is it the same workload as IB causing people to quit, or because the work isn’t interesting?
Bump
What kind of technicals you gain from PCA?
Rerum atque iure saepe aliquid ut ut sit. Ut praesentium dolorum commodi eius. Sit enim repellat consequatur dolorem. Id vitae odio iusto.
Velit voluptas mollitia nemo sunt aliquid. Nesciunt omnis incidunt enim ut ad culpa ab. Enim repellat nemo sequi rerum facilis quisquam nam. Reiciendis dolor est omnis sed porro magnam minus. Quia et sint quis porro reiciendis reprehenderit.
Inventore alias voluptas aut id temporibus porro et. Tempora velit excepturi explicabo. Temporibus inventore tempora illo eaque debitis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...