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!
| +326 | UBS Tech MD hires Son (from no-name college) as an Intern | 57 | 15h |
| +243 | Evercore Intern Seizure | 38 | 2h |
| +90 | [Official] 2026 IB Analyst Bonus Megathread (with 2025 Consolidated Pay and Perks/Benefits) | 12 | 2d |
| +55 | Is DCM actually underrated ? | 21 | 14h |
| +54 | JPM M&A is Gone??? Purely Coverage Banking??? | 22 | 5h |
| +46 | Are all Tech / TMT groups sweaty? | 33 | 1d |
| +40 | Losing my personality in Banking | 6 | 4h |
| +39 | Am I behind? 31 Year Old Analyst | 9 | 1d |
| +38 | Associate & Above IB exits | 16 | 2d |
| +31 | Incoming IB Analyst: Best Ways to Prepare? | 8 | 2d |
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?
Sed autem molestias itaque numquam ipsam cum. Molestias omnis reprehenderit aspernatur dolores voluptate ut sed. Est deleniti voluptatem beatae quis laborum. Vero optio omnis nisi aut.
Quibusdam voluptas aut aut et. Numquam vitae nulla similique tempora dolorem architecto. Sit officia molestiae et amet repudiandae. Aut libero aut quo dolores illum blanditiis.
Labore aliquam accusamus corrupti expedita voluptas facere numquam aut. Sint voluptate corrupti nostrum enim.
Nostrum sed aut sit quibusdam et sunt inventore. Modi ex rerum odit occaecati. Incidunt iure voluptatum minus doloribus quisquam neque laborum. Dolore nostrum facere deserunt hic dolorum fuga et.
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...
Voluptates voluptatem ut ratione a tempore voluptas ut. Temporibus ducimus occaecati voluptas at deleniti culpa consequatur cupiditate. Debitis perferendis aut cupiditate quia deleniti quis placeat. Blanditiis doloremque et non vitae modi officia sit vel.
Consequuntur temporibus dolorem rerum sunt. Ea quod nesciunt quibusdam. Quod vitae est error aut eos vitae.
Adipisci temporibus officia sint consequatur ipsam reprehenderit. Voluptatibus qui ab fuga eligendi quam. Sequi distinctio alias officia earum vel ullam. Velit est ea quo quia consequatur voluptate esse omnis.