Evercore Target Schools?

Hey all,

I'm a sophomore (non-ivy target) going through recruiting and I'm really drawn to what the independent advisory banks ("elite boutiques") have to offer in an internship.

Out of curiosity, what are the top target schools for Evercore and other EBs? Are they similar to BBs? What else do they look for, and how does recruiting for EBs differ from BBs?

Thank you all for any insight!

82 Comments
 

Not sure the exact list, but I think EBs have higher standards (GPA, extracurriculars) and a tougher interview process than BBs. An upperclassman in my school's finance club recruited for Evercore and he went through 2 phone screens, 2 first rounds, a second round, and a superday

 

Based on some LinkedIn stalking that I did a while back, this is the makeup of Evercore’s incoming NYC M&A summer analyst class:

Cornell - 5
Penn - 4
Notre Dame - 4
Harvard - 3
UVA - 3
Michigan - 2
Columbia - 2
Georgetown - 2 (Edit: Apparently, there are 5 more who haven't posted on LinkedIn)
UF - 2
Rutgers - 2 (Edit: Apparently, 1 M&A and 2 secondaries)
NYU - 1 (Edit: There may be 6 total)
Northwestern - 1
UTA - 1
Babson - 1
Brown - 1
UC Berkeley - 1
Indiana - 1
Edit: SMU - 3 (Sounds like this could be for the Houston office, but maybe NYC?)
Edit: NESCAC and MIAC people - ???

Again, this is based on who has posted on LinkedIn, so some schools are probably underrepresented.

Edit: An HR person told me there were 34 NYC M&A kids during SA20 (another edit: apparently the HR lady lied to me about the class size). SA21 seems to be adding up to be well over that with the addition of the kids mentioned in the comments below. Some of the ones listed may not actually be for M&A (sorry if it's wrong); I did not include anyone who specifically stated on LinkedIn they were doing RX or any other group. Generally, though, these are some schools that Evercore takes kids from.

 

Data point: Georgetown sent at least 3 last cycle off the top of my head

 

Plus a lot of kids don’t post “incoming xxx” anymore because they know it’s tacky. Take these numbers with a grain of salt and wait till the summer until you render your lists

 

how could you know this, I got to Penn state but live in NJ and personally know the 4 incoming at Evercore who are Rutgers. 3 of them M&A 1 rx.. Two of them haven't updated profiles yet.

 
[Comment removed by mod team]
 

Who tf spends their time digging so deep into LinkedIn to compile this list lmao

 

Do people really not do the bare minimum before putting their opinion out there? This takes 5 to 10 mins tops

 

The general target schools are gonna be similar to BBs, but to even get an interview you either have to 1) really have the brains, 2) really show passion for the group, or 3) have both (usually those who get offers are in this 3rd category). Having just recruited for both EBs and BBs, I can confidently say that the caliber of candidates for EBs are on another level. 

 

Do you mind sharing a bit as to why that is? I'm at a target and we've been receiving presentations from the EBs earlier than usual and I think that's why people at my school tend to gravitate towards them. Is it because EBs are leaner and expect you to hit the ground running on day 1?

 

Currently interning at an EB (Moelis/Evercore/Lazard). I would say because of the low number of people they pick, all interns have the drive/motivation/brains/common sense. This might be different for BBs, where large numbers might bring more diverse people.

Also I think EBs don't really care as much about diversity than BBs, but not sure. (Not saying diversity is bad, but EBs might be more meritocratic in terms of hiring interns).

 

Went to Princeton for undergrad and while there was a pretty deep recruiting pipeline at most banks on the street, Evercore was notably not one of them. Sucks because I was really interested in Evercore and there just weren't any alumni there to reach out to. Goes to show that just because a school is generally a "target" doesn't mean it's a target for every firm.

 

I go to Princeton too. Princeton honestly has the worst finance recruiting in the Ivy League it sucks ass. Half of the BBs don’t recruit here anymore (BAML, UBS, JP) and only one or two EBs do. Honestly a shitty situation all around especially since our grading situation is way worse than HY too.

 

Are you still in undergrad? Would be surprised if the situation changed that much over the past 2 years since I left, but JPM definitely recruited hard at Princeton while I was there, the heads of ECM and M&A are (or were) both alumni so there’s a pretty solid pipeline. I specifically remember BAML coming to campus then separately inviting us to their office in Bryant Park for a Princeton-specific event... I know the GPA situation sucks but I would argue that outside of Harvard and Wharton, we probably had the strongest connections of any Ivy.

Saw some incredibly unqualified (as in 2.9 GPA kind of unqualified) kids get offers at BBs because of the strength of that pipeline. You have to absolutely suck at networking to not get a job in IB coming from Princeton.

 

Looking at your post history, you're a freshman...Why in the world are you this involved in recruiting? You need to focus on adjusting to school/getting involved with the community as much as possible. I just graduated pton, and I can tell you the extra work you do now as a freshman to "prepare" will not help. Next fall create a list of banks you want to target/network with, study technicals etc and then you'll be fine. Thats on the early end of preparing too.

Really as an alum who enjoyed his time at the school, I just want to say focus on your classes and making friends to the best of your ability in the restricted COVID environment. Alums will help you out once the time comes, they don't want to get on calls with freshman though as its not helpful because you aren't eligible for the vast majority of banking internships.

 

Is Ivey really that high? I would have expected Cornell to take the third place spot

 

Cornell been lower than Ivey for the past few years but with the visa regulations, maybe that'll change

 

the only one missing here I think is Michigan Ross, then I second UPenn / NYU / UVA / Ivey / UT Austin are among the highest represented. If you went to HYP they're not gonna look down on you, but come the technical interview they also won't give you any special treatment vs. a guy that's been practicing for 3 years at his business frat and had the option to take accounting so good luck. 

 

I heard Wharton sends at least 5 per year to M&A and also makes up 50% of RX class.

 

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