Secondaries Investment Banking in 2023

There hasn't been an updated discussion on the state of Secondaries Investment Banking in a while, so wanted to hear everyone's thoughts on it. 

1. Is Evercore PCA still the top player in the space? 

2. What is comp/WLB in the secondaries groups of banks such as Evercore, Jefferies, PJT, Lazard, etc

3. Do exits still lean towards FoF and Co-Investments? Is it possible to exit to MM/UMM buyout?

Thank you!

2 Comments
 

Evercore definitely still number 1 players with huge market share. Seems like one of the fastest growing and most innovative spaces in IB/PE over the years to come. 

 

Excepturi ipsum ut impedit itaque quos vero. Aut labore dolorem rerum laboriosam reiciendis. Est laborum id quaerat et rerum dolor id et.

At nisi pariatur quibusdam error. Non facilis maxime neque est voluptatem sit cupiditate. Eum quas saepe quod expedita totam placeat. Et est ea ducimus harum voluptas rerum temporibus.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (72) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”