Centerview vs Evercore
If you had an offer to work at each firm full time as an analyst which would you take/why? Also, if anyone has info on how analysts usually place for pe/hf jobs after that would be awesome
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Tough one. two top shops. I'd have to go with Centerview... you get paid more, job security (I hear its a three year analyst program with an A-to-A tradition), good deal flow/interesting interim work with F500s. Lotta good vibes around that place, its kinda lean and mean. People go straight to HBS/other top b-schools from that place. Evercore is a little more established and obviously also doing very well but larger analyst classes relative to Centerview. Plus Evercore is largely reliant on one man- Roger Altman, while Centerview has several rainmakers even though Effron takes the cake. Both places have smart guys and gals. In terms of buyside, I don't know if Centerview places into megafunds like Evercore occasionally does, but I'm sure they place just fine otherwise (if people wanna leave after getting paid a pre-MBA PE associate salary as analysts anyway). Granted, Evercore M&A does feed into some megafunds and if that's your ballgame, EVR's a better bet. Centerview seems more focused on cultivating analysts into quality long-term bankers
Which offices are we talking about?
Either way, very exciting time to join either bank.
Agree with the sentiment posted above that it might be problematic in the long-run that Altman is the only founder in this venture. Now, this might sound really far-fetched and is extremely forward-looking but Altman is approaching his mid-sixties. So, what will happen in about 10 years time? I feel that GHL is kind of stagnating right now and Robert Greenhill is in his mid-70s now.
Exit-opp wise I have no idea to be honest but both banks have their own PE-arms - although I don't know how easy it is to eventually transfer over. Besides, as mentioned before Centerview tries to hire bankers for the long haul (but I don't honestly see a reason why any other smaller IB such as EVR wouldn't want to do this either...).
Both good.
Thanks for all the great responses guys and yes this is for both NY offices. I have no idea wtf I want to do after banking/if I want to leave at all or just become a career banker. I guess it just comes down to what I plan on doing in the long run but it seems like I can't go wrong with either choice.
Like you said, it really depends on your end goal. Evercore, as many people have posted above, will definitely give you a shot at mega funds after 2 years of banking. However, Centerview probably pays the most out of any wall street bank (along with maybe Qatalyst) and has a culture where A-to-A promotions are frequent. So basically ask yourself what you want to do after 2 years in banking.
I personally would go with Centerview, because of pay, culture (although I heard Evercore's culture is pretty great too), and job safety. Also, it isn't impossible to get to a good PE fund from Centerview either (it just isn't as frequent as Evercore).
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