What's up with CVP's exits?

CVP is thought of highly especially on this forum. But how strong are the exits from CVP into PE roles?

I just did a quick search on LinkedIn and it seems like there are way fewer CVP folks at BX, KKR, and Carlyle as opposed to EVR, PJT, and GS. Is it a function of smaller class size, willingness to go A2A, both or smth else?

Comments (21)

May 19, 2022 - 2:06pm
Mosesisnotcool, what's your opinion? Comment below:

Any EB like PJT/CVP/Moelis/PWP/HL are hard to compare based on size. Evercore and GS are way larger in terms of groups (and globally). That's probably the discrepancy.

Note that a few of these shops do have very good pay and decent cultures so people often do stay on as associates (A2A may not be a thing for some of the 3 year programs).

Most Helpful
  • Analyst 2 in IB - Cov
May 19, 2022 - 4:10pm

CVP analyst here, I would say people here aren't always interested in the prestige rat race that other candidates are typically on at other EB's.

I would say we have the outreach by HH's to go into those roles but also see a lot of people go into venture, growth, or alternative roles outside of straight MFs. Also just keep the size of our firm in mind, CVP has ~400 people, EVR and GS especially have significantly larger classes. All of this leads to less representation in the exits you've mentioned.  

  • Analyst 2 in IB - Gen
May 19, 2022 - 4:59pm

Another CVP analyst checking in. Agree with the above. 

All else equal, no headhunter or PE firm is going to choose an Evercore analyst over a CVP analyst or vice versa just bc of the firm.

Historic exits from CVP tend to be more variable than other EB/BB firms and include entrepreneurial ventures like start ups, industry, etc. in addition to PE/HF but that's a function of self selection (since CVP Aso comp is higher than MF PE Aso, if you're just solving for comp makes more sense to stay). 

That said, large portion of the 3rd year class this year is exiting to MF PE or hedge funds

  • Associate 1 in IB - Gen
May 19, 2022 - 5:17pm

One more CVP viewpoint but largely agree with the above and mostly restating. There are fewer analysts here than other top banks, the analysts here are capable of landing any role the other firms are but I genuinely feel like are less interested in supposed "prestige", and there are also more A2As. No one will not get the role at X fund just because they work at CVP vs. EVR/GS/PJT or wherever else, it's a matter of number of analysts trying to make the jump and personal priorities.

Funniest
  • Analyst 2 in IB-M&A
May 19, 2022 - 11:15pm

Haha why do all CVP analysts think they are such hot shit. You locked up a nice job when you were a sophomore in college, please relax 

  • Intern in IB - Gen
May 20, 2022 - 2:51pm

Another CVP analyst checking in here just to humble brag that I work at Centerview. Carry on

  • Associate 2 in IB-M&A
May 20, 2022 - 2:57pm

Has anyone mentioned that CVP is a smaller firm so there aren't as many alumni? If so I should add also a more nuanced point that nobody has mentioned yet which is that CVP Associates make more than PE Associates. They also tend to have much hotter GFs and bigger penises so you have to factor that into the equation because no doubt it plays a big role.  

May 24, 2022 - 11:31am
NahFAM69, what's your opinion? Comment below:

CVP bankers also have diverse exits opps outside of going to the buyside,  like reality tv show personality, Finmeme Exec, and etc. 

Nah
  • 1
  • Prospect in RE - Res
May 20, 2022 - 7:31pm

CVP alum chiming in here. Just to add more color to what the CVP analysts say, the exits are mostly due to a blend of a smaller analyst class, the fact that CVP's associate comp is higher than a PE associate, and the fact that we don't have a lot of time to recruit for buyside since we are always on WSO explaining the CVP exits.

  • Analyst 1 in IB - Gen
May 21, 2022 - 5:42pm

Current analyst at CVP and thought I'd share my view. I'd say the main reason you see fewer exits to elite MFs is that the firm has smaller class sizes than other EBs and GS/MS. Also, you have to factor in that CVP AS pay is way higher than MF AS pay, so there's less incentive to jump. Just my 2 cents.

  • Analyst 1 in IB - Cov
May 21, 2022 - 6:49pm

Current analyst at CVP, wanted to mention we all love to suck cock on our downtime, typically we have smaller class sizes than other EBs (EVR/PWP/FT Partners) so we have less penis desire per capita (PDC) than most, but we still make time for it

  • Intern in IB - Cov
May 21, 2022 - 11:14pm

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