which offer
I was lucky enough to have offers from some of the usual suspects from this list:
Blackstone, Evercore, Lazard, Moelis, Greenhill, MS (not M&A, get a generalist, I don't know which division).
Can someone comment on which option would be best for me? All the small ones are for generalist/M&A advisory. All positions for NYC. I'm not looking anywhere else, i.e. like Moelis LA.
Greenhill > Moelis >Evercore > Blackstone>MS > Lazard (personal opinion)
^pretty much opposite
i personally would take greenhill or evercore first, then blackstone -> lazard-> ms-> moelis
the hours in ghl and evercore are bad, but blackston and lazard are just cruel....
what about in terms of:
a) exit opps b) future deal experience
regardless of the lifestyle
I don't know why everyone is ranking the boutiques above MS. I personally would take a BB, especially MS, over the boutiques any day. I think the benefits of a large firm outweigh any marginal prestige you might gain from the smaller shops. Bulge bracket firms have:
1) More global name recognition 2) Wider network/alumni within the firm 3) More Analysts in your class to be friends with 4) Better resources (i.e. presentations teams, offshore support offices to do your mundane work, libraries, etc).
These things make a big difference in your job experience. Another thing you should consider is culture of the groups you've met. when spending 100 hours in the office, you want to work with people you get along with. I don't know much about MS' culture, but I know Lazard's sucks (see other threads).
That said, if you're looking purely at prestige/exit opps into PE, I would say: 1) Blackstone, Evercore, Greenhill 2) Morgan Stanley, Lazard 3) Moelis
Still a college senior, and hate ranking given my 10 WHOLE weeks of investment banking experience as a summer analyst, but from what I've read/heard, I'd personally go with, in terms of exit ops and "future deal experience":
LAZ > MS > BX > MOELIS > EVR > GHL
I put MS to the bottom of the list because he wasn't sure which group he's gonna get and i don't think he's gonna be put into tmt or m&a.
As far as the support team, these boutiques have the same set of support team,too. People who do graphics/ print and bind for you, etc.
I personally think the whole firm networking is kinda a bs. You will still need to impress the person to get you a job/help you out, which comes from your exp as an analyst.
Global name recognition...if you go to somewhere in Asia, yeah it might make sense. But everyone in finance knows those firms in the U.S.
More analysts as friends...what if you are stuck in a group with a bunch of dickheads and pricks?
Just personal preference though, when you are interviewing with a boutique, you already kinda know whether you like the culture or not as opposed to a BB where you can be put into any random group...
Oh yeah one more thing, in those boutiques you work as generalist on M&A or rest deals (i think bx split those groups into two), which the exp will trump many of the MS groups...
Elite boutique experience, generally speaking, is more sought after, especially from the list above (minus Moelis from what my friends there are telling me - lots of busy work). I would add PWP, Centerview and Miller Buckfire for restructuring to the list as well.
Those are some pretty solid offers. Just wondering, what's your background (Academics/Professional)...
ivy league business program previous internships in two BBs (legitimate banking internships) and $20bln+ PE fund internship.
keep the comments coming. i know everyone hates rankings, but any more of these based on: exit opps and deal experience
would be much appreciated. also, let's now stick with:
moelis, lazard, centerview, evercore, greenhill, blackstone
(as a disclaimer, I do'nt have offers from all these firms, just some of these)
Between LAZ, BX, GHL, and EVR, I don't think you can go wrong. That said, here are my opinions:
Exit opportunities LAZ and BX are the top, followed closely by EVR and GHL
Deal experience LAZ and EVR are probably the best, followed by GHL and BX
Culture (which I know you didn't ask for -- but you should definitely consider) GHL is probably the best, and BX is pretty good. LAZ has terrible, terrible culture. I have no experience with EVR, so I can't say what it's like there.
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