Top Groups at Evercore M&A
What are the rankings for top industry groups in Evercore M&A to work for (not hours but experience and prestige, etc.)?
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I'm not going to knock the Healthcare group's deal flow, because it is very good. However, their exits have historically been somewhat mediocre, and it is hardly the most coveted industry group within M&A there.
The answer is it depends. It depends on what attributes you personally value and are trying to optimize for, so its hard to give you a singular answer that will fit your individual preferences.
For example, if the only thing you cared about was dealflow and getting to work with large cap clients (with no thought to lifestyle, exits, etc.) , then a group like Evercore Healthcare is great. However, there are going to be other groups that are better for lifestyle, exits, etc. with perhaps lesser dealflow, so its about finding the group that aligns the best with the factors you care most about.
At the end of the day there are no golden gooses, where you work on only $10bn+ live deals, every analyst exits to a megafund, and you only work 35 hours a week. I'm being facetious, but you get my point; you're going to have to make inherent trade-offs on some of those dimensions.
They don’t have a sponsors group.
I got dinged on a phone screen for saying I was interested in sponsors when asked about my group interests. Got a cold reply that they don’t have a sponsors group and don’t work with any companies small enough to have a sponsor as a buyer. He told me maybe I should go on their website and see what groups they actually have before attempting to speak to someone at the firm again
I know for a fact they have a sponsors group. I've networked with people in the group. If you google Evercore financial sponsors on the Evercore website there will be profiles of MDs in the group.
He may have meant sell-side if they don't work with companies small enough to be bought, and then they'd do buy-side deals buying said companies. The guy you spoke to sounds like an asshole though
The firm actually has two sponsors groups.
The first / original group is not what you would think of as a traditional sponsors group, it specializes in selling and/or restructuring general parternship stakes within Private Equity firms, and is run by Saul Goodman (no pun intended).
The second / newer group is the more traditional financial sponsors coverage group akin to what a lot of bulge brackets have, in terms of centralizing the management and coverage of relationships with financial sponsor firms, and is being run by George Ackert who used to co-head the firm's Transportation group.
most desired group purely from an exit opp perspective is still media although you could realistically go MF from any group. most underrated is insurance. will echo the above, ny tech is by far the sweatiest and most toxic group - the exodus of analysts has only exacerbated this. best advice: emphasize fit - the marginal prestige from media or tech is irrelevant and will not be the reason you land a MF gig