Info on groups is scarce with threads mostly filled with bumps
what are the top groups for analysts now? Not just deal flow wise but culture, hours, exits
NY has these teams: Industrials, RX, C&R, FinTech, Tech, Healtchare, FIG, CapMarkets
SF tech / healthcare; La / Chi industrials
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Bump
Any info on their London office?
Healthcare is PWP's top group by far.
How are Industrials andFinTech?
Any knowledge of Industrials? They have a lateral Associate role open and curious about deal flow and then also in general exits to PE
Never mind
Unbelievably sweaty for all groups other than C&R. Industrials Rx and HC get grinded like crazy from what I hear
I thought Industrials was a WLB-friendly group with protected Saturdays and the works according to an Analyst I networked with last year
Industrials has protected saturdays and a solid WLB, chill people. HC has insane deal flow and highest bonuses.
Does someone know what PWP's overall standing is in London?
Very interested too. I believe in London they’re very strong in Industrials and TMT? Not sure tho
PWP is a strong bank; most groups should be good
Any insights for PWP's Chicago office groups?
Heard they do a lot of auto deals
EB’s are typically good across all verticals. Not a huge difference like BB’s are
That seems contrary to what's been previously said about EBs--isn't it the case that most EBs depend on a handful of rainmakers from specific industries so they could dominate in specific niches and lack any meaningful presence in other industries
For instance, there are arguably no "weak" groups at GS/MS/JPM but on the other hand an EB like CVP is extremely strong in HC but pretty weak in C&R or Moelis which is synonymous with M&E
Agree, EBs in general are weak compared to BBs in Europe. They only excel in a few groups like Rothschild in C&R / FIG or CVP in HC.
CVP dominates the C&R space. #1 out of all the EBs by a large margin lol
The difference in the worst EB group vs the worst BB group is larger tho. A bad BB group is straight financing transactions and competing with a million other analysts for buy side spots. EB’s are lean, pay well, and have a few great partners at the top.
Know TPH in Houston, which is PWPs energy group they mostly acquired in 2016. Really good culture, though CEO and chair of board stepped down so unsure where it will be moving forward. Heard hours are tough, even for the energy space where hours tend to suck right now. As for exits, I know less, but they seem to be very highly regarded in the energy space. That said, you very well might get Silod at a place like that, and leaving O&G for other industries can be tough, so not going to get top tier standard PE exits, though believe in the past analysts have gone to MFs within the energy sector.
Would avoid TPH. Culture, hours, and deal flow are not what they used to be. A lot better places to be in Houston, especially among boutiques.
Culture has declined slightly (still better than most Houston banks), hours still suck (unchanged), and deal flow is down across the energy sector (~-39% YoY according to BBG). Exits are still solid for energy/infra.
I wouldn't say "avoid", it just isn't exactly what it used to be in the heydays of energy. Still, one of the better options if you want to go into energy.
Bump
Bump
What’s Pwp like in london?
Not very established and surely below Roths, Lazard, PJT and CVP. Probably on the same level as EVR and Moelis, maybe a bit better.
Can’t comment on deal flow and such but have heard very good things about PWPs culture from what I’ve heard from friends. Quite a few people stay A2A because of the pay and culture. And some even switch from top 3 BBs to Pwp after their internships or first Analyst year
bump on other groups?
Spoke with a senior recently who said HC is by far and large their best group, and probably top 3 on the street.
Most deals, yes. Sweatiest culture, also yes!
Was told that HC doesn’t even have protected saturdays - can someone confirm if true? Apparently it’s a “no emails” period from Friday night to Saturday noon which frankly seems like a joke given PWP’s reputation about having good WLB
That should already be a given anyways …
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