Thought I would ask the WSO community
With regards to analyst experience, dealflow, exits, overall experience, compensation, culture, etc... how do PWP and Qatalyst stack up against one another?
Have a bit of a preference for Tech, but not so much that it would completely sway things.
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Qatalyst is the best tech bank out there, punching way about its weight. They also pay more than any bank.
From what I've heard Qatalyst is EXTREMELY selective.
This is the entire firm: http://www.qatalyst.com/index.php/team
So yes take Qatalyst if you get it, their analyst class is 10 people for 2019
Qatalyst way better exit for VC and startups, only other tech bank in it's league is Goldman, then maybe MS a couple years ago. But for Qatalyst you'll need more than just a bit of a preference for tech since tech m&a is all they do
Going to be pretty tough to beat Q in terms of deal flow and compensation. Can't comment on culture.
As others have mentioned, there is an obvious path from Q to VC/startup. But also you need to recognize that any reputable buyout platform (tech-focused or otherwise) is going to be well aware of Qatalyst, their dominance in the tech space, and the quality of their personnel. This is a highly-selective firm that that has been consistently executing headline deals since Quattrone set up shop.
If you’re not die-hard for Tech M&A or looking to exit to VC, go PWP. They still do some tech deals (Paypal-Honey) and have pretty strong exit opps
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