EVR M&A vs. BX PE vs. Moelis Generalist
So thankful to have offers from all 3 for 2023 SA. Need some help deciding because I honestly don't know. My end goal is to be in PE, but I see the value in doing IB first.
Evercore: I really liked everyone I met at the firm. It seems like the best spot in banking as far as a combination of exits/pay/culture. SA program is generalist, but would look to join the tech or media group FT. It seems like people wise this is the best of the 3. I have real mentors there that I text and email regularly.
Blackstone: I want to be in PE and BX is an amazing spot. But, I know return offer rates aren't great and I don't have any real solid people connections. It feels wrong to pass on this.
Moelis: I like the idea of doing M&A and RX, but if I am going to do IB, I lean a little towards EVR. Have heard great things about Moelis tho and the firm seems supportive of PE recruiting. Haven't ruled them out.
BX don’t look back chief cmon now
PM me.
Was in a similar situation and took BX. You know you want to take BX. I would wager the tech and media groups at EVR have a lower acceptance rate than BX has for its return offer rate.
Take BX, you’ll be set after that
I'd rule out Moelis first of all. Congrats on the offer there, but they shouldn't even be in the conversation in my opinion.
Blackstone PE and Evercore M&A are two of the very top spots out of undergrad - you cannot go wrong with either. If you like Blackstone's culture and don't love the idea of "earning the IB experience", then 100% go to BX.
However, Evercore will give you the absolute best training as an analyst and set you up to exit to any buy side job you could want. Plus, your connections there and the mentorship you'll receive is not to be discounted. If it makes any difference at all, you'll earn more as an analyst at EVR than BX in the 2.5 years out of undergrad.
Best of luck and keep us updated on your decision!
what's your source on EVR analysts making more than BX?
Curious too because this absolutely does not transfer to the London Office. BX pay compared to all IB's is meaningfully superior both on a base and bonus
Have close friends at both. BX seems to notoriously underpay analysts - 110 base + 10 signing. Considering PE as a whole has not caught up to IB pay and EVR is one of the highest paying on the Street for IB, so EVR certainly pays more.
Take BX 100% if you want PE. Look at any of the 2023 oncycle threads. Evercore is a great bank and as well-positioned as any bank for PE recruiting, but oncycle is such a shit show. Great analysts strike out, and nothing is a guarantee. You’ll be able to land a great seat in PE from evercore, but a MF, let alone blackstone, is not a guarantee for anyone.
Moelis NY isn't a generalist analyst program anymore. Only the internship is
As I already highlighted in another post, MFPE is way more complex and interesting than IB. You must choose BX, there shouldn’t be any questions about this
Why do people want something that's more complex
Because it’s more challenging and interesting and actually requires you to think, for real, not like aligning logos in IB
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