I'm looking to get a better and more updated sense of the EB banks...looking for more info on pros/cons of each one, general trends, best groups, and recent PE/placements.
Interested in Evercore, Lazard, Centerview, Greenhill, Moelis
*excluding Blackstone because i dont think anyone really knows what will happen post-PJT
Overview of Elite Boutique Investment Banks
So who is the best? The term Elite Boutique encompasses several factors of a banks strengths. Some of the most important factors are pay, exit opportunities, and culture. All of these factors are firm specific. The firms that have the most to offer in these categories are termed Elite Boutiques. You may have good deal flow at Lazard but you would have to sacrifice the culture aspect of the firm (subjective). However, you could choose a more fledgling firm like PJT if you're into the supposed bro-like atmosphere but you might sacrifice deal flow. The nuances of these firms are still being debated. However, when it comes to top-tier firms, the same names are mentioned repeatedly. The following list is no particular order.
Best Boutique Investment Banks List
- Perella Weinberg
- Houlihan Lokey
- Piper Jaffray
These seven firms do not represent all elite boutique investment banks. However, we went ahead and ranked these boutiques by average pay, employee satisfaction, and opportunities for career advancement. The following is based on the 2017 Investment Banking Report. Percentiles include all banks in the industry report.
Top Boutique Investment Banks by Average Pay
These figures represent average base plus average bonus for 1st year analysts through November 2017 (see green button below to access updated IB salary and bonus figures).
- P.J.T: 166k
- Moelis: 154.7k
- Evercore: 139.8k
- Perella Weinberg: 128.8k
- Houlihan Lokey: 127.8k
- Lazard: 124.4k
- Piper Jaffray: 120.9k
Boutique Investment Banks Ranked by Employee Satisfaction
- 90th to 98th Percentile: Lazard, Houlihan Lokey, Evercore
- 70th to 90th Percentile: Moelis, PJT
- 50th to 70th Percentile: Greenhill, Perilla Weinberg, Piper Jaffray
Top Tier Boutiques for Career Advancement
- 90th to 98th Percentile: Houlihan Lokey, Evercore, Lazard,
- 70th to 90th Percentile: Moelis,PJT
- 50th to 70th Percentile: Piper Jaffary, Perala Weinberg
If you would like to know more information about these firms then take a look at the IB Industry report. This report is constantly updated and contains compensation by position, company statistics, lifestyle rankings, and more! Click the button below to access the report.