Want to recruit for SA 2022 in Houston as I am from Texas and want to be there post graduation. Which banks are the sweatiest? Specifically curious about Moelis, Evercore, Greenhill, Guggenheim, TPH etc.
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Moelis had an exodus of juniors recently. Friend there was miserable. Believe Jefferies and RBC are also sweatshops.
Was the mass exodus the normal 2 year PE exit, or you mean a bunch of analysts left before the 2 years was up? Also why did they leave? Just because it was sweaty?
Not sure the background behind the exodus but they've had multiple analyst positions posted and HR reached out to me via linkedin about applying, sounds like they need bodies though.
Not the poster above but will confirm I've heard culture has fallen apart over at MoCo. Used to be pretty solid but they lost a lot of junior talent between normal attrition to PE by the second year class and an abnormally high proportion of their first year class leaving early for other shops.
Jefferies is probably the single biggest sweatshop for Houston, but it's also one of the top banks for Houston.
TPH isn't known as a sweatshop and I am pretty sure they have a big emphasis on time outside office or something too so probably really good WLB.
Greenhill apparently saw its seniors be poached by another bank so its deal flow isn't the best right now. So either they are pitching like crazy and that's why it gets sweaty or they aren't working as much.
TPH seems to be long hours but a good culture. Associate and analyst that I spoke with there were some of the most upbeat people I've ever spoken to over the phone fwiw
Jefferies has been p rough about returns too though
This year they gave returns to 3/5 people. Curious as to how it's been in previous years. Have heard rumors that they have cut the SA 2021 class to about 3 interns. Wondering if they'll give everyone returns then.
They actually gave 4/5 return offers and then went out and hired 4 more Folks for the summer 21 start (for a total FT 21 class size of 8). Heard business is really booming for Jefferies. They were on the Contango 5+ billion dollar deal this week.
Does anyone know how many hours the analysts at Jefferies work on average each week?
I have a friend who interned there a few years ago and he said he had 1 day off the entire summer.
Interesting. I am surprised they give interns so much work. Do you have any idea about how many hours he worked on average every week?
does anyone else have stories about Jefferies Houston's junior work-life balance or just stories in general?
Bring sweatbands and a towel
Have heard it is absolutely brutal, working long hours at Jeff is the norm
Any insight on HL’s houston office?
Growing platform and are definitely expanding their market share during the downturn. I know they've brought a few of their RX guys down from NYC and were able to get an MD from Scotia a couple years ago. Seem like a solid shop with a really good culture but there are probably other threads out there that can give you better insight
I heard evercore is super chill
EVR kids in Houston I know are getting crushed, not sure where this data point is coming from
Can confirm
I’ve spoken to a few people in the GS office. I’ve heard they’re constantly working like a sweatshop.
I met an evr analyst back in 2018 and he was awake for 50 hrs straight. Surprised he still came down to meet
What about BBs? Curious about CS and Citi
don't know about CS but Citi has a big work hard - play hard culture. It used to be a sweatshop (might still be one), but the juniors seem really close, and some might call them fratty. They also have one of the biggest classes (around 10) in Houston which I know for SA 2021 didn't see any cuts, so IMO that's a benefit specially compared to other banks which take 3-4 people.
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