2 Comments
 

Based on the most helpful WSO content:

  • FIG (Financial Institutions Group): Solid in terms of deal experience, but exits aren't the greatest compared to other groups. The culture is described as pretty good, and the hours are reasonable given the current market conditions for FinTech deal flow.

  • Healthcare: This group is strong in devices and life sciences but has less presence in biopharma compared to other elite boutiques like Evercore, Lazard, or CVP. While the deal flow is excellent, the culture is considered rough, and the group is described as "insanely sweaty," meaning long hours and high intensity. Exits are strong, arguably in line with RX.

  • Consumer & Retail (C&R): Known for having a really good culture and better work-life balance compared to other groups at PWP. The deal flow is strong, especially in the Food & Beverage (F&B) and Beauty verticals. While exits are solid, they are not at the same level as Healthcare or RX. C&R also offers interesting non-PE exits.

In summary, C&R seems to have the best culture and work-life balance among the three, while Healthcare offers strong exits but comes with a demanding culture. FIG provides a good culture and reasonable hours but has weaker exits.

Sources: PWP NY Groups, PWP culture, pay and exits, PWP RX culture/exits, PWP vs. Guggenheim IBD, https://www.wallstreetoasis.com/forum/investment-banking/has-ib-worklife-balance-changed-in-2019?customgpt=1

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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