Top RX group vs CVP
Sophomore at a target and have an offer from a top rx group (EVR/HL/LAZ) and CVP for the summer analyst program. Interested in restructuring, but like the generalist platform CVP has for analysts. Which offer should I be leaning towards in your opinion?
This is a very easy choice. If you want to exit to the buyside, do the Rx group. If you want to stay in banking CVP will be as good as it gets.
if want to do buyout PE, u think the rx groups would be better than CVP?
Yea for sure , recruiting from cvp is made difficult and those rx groups listed place amazingly well
EVR & HL > CVP > Lazard
HL (even NYC) buyout exits suck.
For Buyout PE: EVR RX > CVP > LAZ RX > HL RX
CVP will clawback your bonus if you try to leave after 2 years but the exits if you decide to leave are pretty great. Also, not a lot of people leave just due to the incredibly high pay. Honestly can’t go wrong with EVR or CVP but I’d honestly lean a little more towards CVP.
I think it is pretty clear that the CVP generalist program is considered as elite as any group out there from a pure M&A perspective both in terms of prestige and experience. they absolutely killed it in 2023 and appear to be continuing that trend this year. Also, being a generalist will give you the opportunity to figure out what sector you are most interested in - having the opportunity to work in HC, consumer, industrials, FIG, etc. is pretty valuable imo. RX will give you great technical training but the work itself is slightly niche. Obviously those RX groups (specifically EVR and HL not sure about Lazard) place super well but Centerview's exits are misrepresented on this forum. You will 100% be able to get ANY PE interview you want as a Centerview analyst and at that point it just comes down to you as a candidate. the reason why you don't see as many traditional mega fund exits from Centerview is because 1. they have a way higher A2A retention rate than other firms 2. their analysts don't do on-cycle until after their 1st year and at that point a lot of kids are disenchanted with finance and realize they'd rather do something else. Also, worth noting that doing on-cycle after your first year will make you a way way more prepared candidate (much more polished, have deal experience, etc). Either way these are all great options. good luck with your decision.
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