Decision Help! Evercore vs. Barclays IB vs. MS GCM vs. BofA

I have my offers for summer analyst and I'm struggling to decide. The options are:
-Evercore
-Barclays IBD
-Morgan Stanley Global Capital Markets
-BofA (probably my least favorite)

Which do you think is best in terms of experience, culture, hours, and exit ops?

 
Could you guys elaborate a little more on why Evercore, especially why that over MS?

Do some searches on boutiques like evercore, greenhill, etc. vs BB.

Basically, elite boutiques like evercore have a very strong reputation (better than barclays, cs, citi, etc.) so unless you're in a top group like MS M&A, I'd say definitely go with the elite boutique. Definitely better exit ops than your other choices

 
Best Response
bugattiveyron:
Basically, elite boutiques like evercore have a very strong reputation (better than barclays, cs, citi, etc.) so unless you're in a top group like MS M&A, I'd say definitely go with the elite boutique.
This. If you have a generalist offer at BarCap, Evercore is likely going to be better for you down the road than BarCap IBD or even MS IBD unless it were M&A.
I am permanently behind on PMs, it's not personal.
 

Fundamentally the offer at MS (capital markets) is completely different to the IBD offers at Barclays and Evercore (not clear what BofA is, but as you said, it's your least preferred).

Assuming you want IBD/m&a, then Evercore is likely your best bet as it's not a universal bank and is not going to be asked by clients to put it's balance sheet to work (which is what you'll see a lot of at Barcap, BofA, CS, etc, etc). Instead, at Evercore you're going to be working on advisory engagements, dealing with c-level executives and corporate development heads (no assistant treasurers worrying about 5 bps interest rate moves affecting the pricing on their revolvers). On the flip side, the benefit of working at a universal bank is that you'll likely get the chance to have a deeper understanding of capital markets interplay with M&A and leveraged finance, but you can always do that later in your career if that's floating your boat.

Good luck with whichever you choose. They're all great opportunities.

 
jc100021:
What surprises me is that you got an offer to Evercore and you don't know enough about the company to realize this is a slam dunk easy question.
Right?
I am permanently behind on PMs, it's not personal.
 

If you got LevFin at MS, that would be a consideration. Other than that, it's all product group rather than industry, so you'd be better off with Evercore if you were looking for solid exit opps.

I am permanently behind on PMs, it's not personal.
 

i know someone in the same situation (Evercore, Barcap, MS, etc.)...

I don't think yall should assume everyone wants IBD/M&A, this person I know actually prefers capital markets, hence the difficult choice. I've been telling her Evercore ftw the whole time though, too...

I don't accept sacrifices and I don't make them. ... If ever the pleasure of one has to be bought by the pain of the other, there better be no trade at all. A trade by which one gains and the other loses is a fraud.
 
johnmackey:
Definitely Barcap. MS is falling apart.
Yeah. 'Cause topping the league tables is falling apart. You troll too many threads.
I am permanently behind on PMs, it's not personal.
 

What kind of sh*** is EVR? I never heard of that. MS > BAML>Barcap> Evr. Always go bluechip for the first 10 year in your career. Barcap is falling apart, their M&A and Equities is nowhere and won't get anywhere. They have achieved nothing in the past 3 years unlike BAML/Citi/UBS who are very strongly bouncing back. MS Levfin in GCM... this group is just pricing, some high yield bond roadshows. Don't take it, there is no modelling done there. Ask for BAML Levfin in that case or MS M&A as is sugggested.

 
pivot1990:
What kind of sh*** is EVR? I never heard of that. MS > BAML>Barcap> Evr. Always go bluechip for the first 10 year in your career. Barcap is falling apart, their M&A and Equities is nowhere and won't get anywhere. They have achieved nothing in the past 3 years unlike BAML/Citi/UBS who are very strongly bouncing back. MS Levfin in GCM... this group is just pricing, some high yield bond roadshows. Don't take it, there is no modelling done there. Ask for BAML Levfin in that case or MS M&A as is sugggested.

Wow... Just wow... I'll give you the comments on BAML LevFin and MS M&A... But you have to be joking with regard to EVR... At a certain point trolling actually hurts the kids seeking advice...

 

In sed alias deleniti dolore aut earum. Dolore aut recusandae doloribus repellendus. Repellat corrupti et exercitationem non in amet qui. Aut tenetur quasi blanditiis aperiam hic hic. Officiis soluta vel et laboriosam qui tenetur. Eligendi et omnis sed veritatis eius sunt quasi minus.

Tempora enim cumque harum nam est sed placeat. Modi est autem possimus repudiandae et porro laudantium. Sunt quaerat dignissimos ea nulla illum eos autem sint. Velit ipsa voluptatum ipsum non. Fugiat veritatis consectetur in officiis odio tenetur.

Velit est saepe nihil eum. Ut deleniti ullam voluptas magni.

 

Qui occaecati repudiandae nihil quo ipsam cumque. In doloribus accusamus rerum atque dolorem laborum.

Consequatur quas voluptas quia eligendi totam. Aut placeat et excepturi fugit et aut cumque. Velit temporibus eius adipisci praesentium libero. Consequatur eos perferendis neque et et ab. Qui aliquam ipsam consequatur reiciendis est nemo iusto. Accusamus illo numquam blanditiis dolorem mollitia.

Magni error nostrum libero hic dignissimos deserunt. Dicta non consectetur animi ut nisi ea sapiente. Qui dolor deserunt molestias nobis pariatur in. Ex quae excepturi architecto sed dolor.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”