I have a list of investment banking boutiques. Feel free to list and discuss top industry groups (top 3 or top 5) at each bank from experience, word of mouth, news and so on.
Evercore PJT Centerview Lazard Guggenheim PWP Houlian Lokey Rothschild Moelis William Blair Baird
Sorry if I missed any banks. Feel free to talk about any banks I missed. Thank you!
| +229 | UBS Layoffs (October 2026) | 67 | 13m |
| +107 | Do people still want to go PE? | 34 | 57m |
| +62 | Bloomberg - New UBS Investment Bankers See Smaller Pay Gain on Promotion | 15 | 5h |
| +46 | Think I'm fucking up my analyst years | 16 | 3d |
| +36 | What Differentiates the Best Analysts as AI Improves? | 10 | 4h |
| +35 | UBS Tech layoff | 13 | 8m |
| +33 | Lazard hirevue | 11 | 12h |
| +26 | Ambitious CC Student trying to break into IB | 13 | 5d |
| +22 | Cornell Club T10 Rankings (UPDATED 10/2026) | 14 | 1d |
| +15 | How to know if your interview went well | 7 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Moelis - LA PJT - RX
What’s LA?
Los Angeles, media & entertainment, etc.
I have heard about the following groups or verticals within the banks below are relatively strong:
Evercore - RX, Tech, Industrials, Retail PJT - RX, Media & Telco Centerview - Tech & Media, Consumer & Retail Lazard - HC, Industrials Guggenheim - Media & Telco, HC Houlian Lokey - RX Moelis - RX, O&G William Blair - Tech
This is slightly off base for some firms. EVR just formed a consumer retail group this year with the new MD from Barclays.
Also how could Moelis be considered good at oil and gas? Their Houston group does nothing. EVR on the other hand has a massive Houston office and does a lot of deals in oil and gas.
Don't understand the MoCo O&G pairing at all. Also agree that EVR does really well in O&G. Would say that EVR does good in media as well.
You're right. Also, Industrials is a relatively new focus (2017) for EVR. I would say RX, Tech, HC, O&G instead.
For moelis: have you heard of Saudi Aramco and ADNOC ? That’s O&G
This is why posts that start with “I heard” should generally be disregarded.
Rothschild - Healthcare, Consumer & Retail, RX Lazard - Healthcare, TMT, RX PWP - Industrials Centerview - TMT, Consumer & Retail
Is PWP industrials still as strong?
Not really sure Blair and Baird qualify as boutique, though they are strong, and do compete with some EB/BB on some deals. If including these MM shops, would also include Raymond James (Tech), and Harris Williams (Industrial) into the same group. As with many firms, it is totally group dependent.
Any input on LionTree or Raine Group?
LionTree is Media and Telecoms
Raine focuses on media (sports I believe are big here), LionTree media/telecoms.
Anyone have anything more on PWP?
PWP excels in Industrials
PWP is solid in TMT (practically poached Lazard's entire NYC team 2 years ago), MedTech, and Industrials.
Lazard is still solid in TMT imo. Amazing software team run out of Boston and also, aren't they Google and Tesla's banker?
Consequatur beatae minus numquam architecto. Assumenda vitae quibusdam ipsum aliquid pariatur. Qui ut asperiores itaque consequatur adipisci modi voluptatum. Quasi quidem autem repellendus architecto aliquam. Ipsum et voluptas facilis quaerat.
Est ab ut beatae quia facere quis quam. Non provident tempore rem neque sit culpa qui. Quasi quia ad vitae error accusamus voluptas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Blanditiis dolores totam nobis repudiandae. Rerum cupiditate est id at ab. Ex non a dolore pariatur voluptas sit. Quam ut eum nulla ad.