Evercore M&A vs Goldman Sachs IBD Classic Group
Seeking advice to choose between the two for Associate position (Generalist for Evercore and either Industrials or Consumer - and maybe TMT - for GS). Leaning towards Evercore at this point due to:
- Caliber of people both technically and socially
- Great working culture
- Recognition/prestige among finance/ professional services (People tended to respect Evc analysts/associates more from my interactions so far)
- Significantly higher pay (all-in including bonus)
But the biggest reason I'm having a hard time with GS is its global recognition. I don't see myself staying in the US forever and do plan to work in Europe and Asia at some point. And I do see GS as a better platform to pursue a more global career. I definitely plan on staying within finance and potentially PE down the road. Would be great to get some constructive feedback here - thanks folks.
You're really choosing between the best BB and the best EB/ Global Independent Advisory and can't go wrong. That said, I'd say go with your gut with Evercore. Recognition in the US is top of the top and will open doors to virtually any funds (although this will be extremely hard at the Associate level and less so at the Analyst level) that you network with. I don't think global recognition shouldn't be much of an issue. I'd be shocked to find out that those that you target in Europe and Asia do not respect Evercore. Yes, GS is much stronger in those regions, but the training and exposure you get with Evercore in NY, which is the finance hub to be in, should make up for that.
Personally I’d say GS if you don’t want to do long-term banking and if you want to work in Europe or esp Asia.
Most high finance people will as the above poster said will respect the Evercore name but if you ever want to move to the corporate side the GS name will be huge. Also, I’d assume there are more former GS employees in these regions that could help further your network over Evercore.
Though with that being said it seems that you are leaning towards Evercore so do as you think is best. At the end of the day you’re splitting hairs and sounds like you’ll do well wherever you go if you’re good enough to land both offers.
While I do want to move to Asia in particular, I have no desire to exit to the corporate side, and am only interested in UMM/MF in the region. If that's the case, would you say that the argument for GS's global recognition is quite moot?
bump
Bump - interested..
LOL Evercore in Frankfurt is a joke
no one cares about Frankfurt bro
Given what you said, it all boils down to this:
During banking : Evercore wins (for the reasons you mentioned)
Post banking: Goldman wins (b/c of name recognition, b/c of how others will respect your background and take you seriously, b/c you'll get more looks/favorable consideration for roles, and also b/c in your first year of a job post-banking until your track record defines you, it'll be first impressions and being a polished connected smart GS banker is diff than being a polished smart banker).
I'm sure there will be a bevy of folks with opinions and counterviews that say Evercore is just as good or maybe better post-banking because of better recognition, league tables, better training, etc.....but listening to those arguments is kind of like listening to someone justify Amherst w/ scholarship over Harvard.
Just choose between Harvard vs. Amherst w/ scholarship and move on. And congrats on the choices!
Good advice - do you think your argument still holds if the one and only exit option I'm considering is PE/HF?
If you think you can predict the future with enough certainty, then going to Evercore is worth it. Plus the pay would be much better.
You have to go with GS especially with your uncertain future. It's really a no brainer imo.
Uncertainty exclusively in terms of geography (potentially moving to Asia at some point) though - def want to stay within high finance
I think you are caught up in this "WSO Evercore is the best" idea because this site is US-centric and has many young posters. The truth is about 95% of EVR M&A revenue comes from the U.S. So if there is even a slight possibly you will be moving internationally, go with GS and do not look back.
I'd also choose Goldman in this case. Sure you'll make more money at Evercore, but also considering you're uncertain about your future, I'd still say Goldman is a better firm to be at even if you eventually decide to stay in banking. It'll be easier to make MD at Goldman than MD at Evercore.
Do you know what the approx. average differential in all-in pay at the MD level is? I've heard it's significantly higher at Evercore, but can't seem to find a reliable source in $ figures.
Lol dude one step at a time. Evercore MDs tend to come in with established relationships, so looking at avg. pay btwn MDs on both platforms is apples/oranges
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