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?

27 Comments
 
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
bugattiveyronBasically, 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.

 
jc100021What 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.
 

I pretty much narrowed it down to evercore and ms (wold probably work in levfin group) - why does no one seem to be a fan of MS GCM?

 

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.
 
johnmackeyDefinitely 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.

 
pivot1990What 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...

 

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