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!
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Harvard, Wharton, Columbia, Stern, Uchicago
just curious, how many people does a school send to make it a "target" for EB? 2-3?
EBs usually 2-3, BBs can be as much as 10-15
would also add Cornell, Georgetown, Ivey (Western)
Queens also. Had 5/6 in last summer analyst class.
Lol when I was going through the process a couple years ago an analyst there said he really could relate to my non target background because he went to UChicago...
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.
bruh he better have received an offer after all that
Cornell send 2 kids each year
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
Student at Georgetown here: Personally know/know of 5 incoming SAs at Evercore. None of them have updated LinkedIn, no idea why. Maybe they've made a pact not to lol
wtf i should've went to Gtown
.
Some of us like to keep it low key
mind if i pm?
says a lot about gtown kids
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
Tacky, but recruiters reach out to you on an almost daily basis depending on the bank.
The rutgers kids arent in M&A they're in private cap or secondary
.
Lol
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.
Missing some nescac ppl I know (pretty much just A, W and Mid)
Also missing at least one (probably just one) MIAC
Shoutout UF. Love that.
believe nyu is 6ish that signed, at least 1 more that received but signed elsewhere
Stern sends 3-4+ every year
3 from SMU as well, although none have updated Linkedin
Was a nyc m&a sa20. We had ~60 interns and I think maybe 5 didn’t get returns and a few are doing buyside/consulting/something else so incoming full time class is likely around 50.
UVA has (at least) 4 I believe
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
Queen's University is sending 4 to Evercore this year, 2 in Rx and 1 in M&A for NY and 1 to Houston
University of Florida is over there? I'm really new to this, but I heard it's not good for Investment Banking. Any clarification?
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?
I think partially because there's fewer spots available at EBs, and also they recruit earlier, so they get to choose the best of the best. Not sure if your point about hitting the ground running for day 1 has much to do with it, but it could be true that EBs have less "official" training programs
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).
They come to Brown, (or at least have for the past several years). Also know they recruit from Cornell, Georgetown, ND (along with the H/W usual suspects)
How many from brown usually?
Class of 2019 had 1 person go there FT, class of 2020 has 2 people go there FT, class of 2021 there are 1 or 2 I believe going there FT
how to get trending on WSO: slap Evercore in the title, call it a day
Title: How far apart do I have to spread my butt cheeks to get an offer from Evercore?
Not very far if you networked correctly
Don’t think your ass is fat enough
Do they recruit at MIT?
It’s not core, but yes.
Do they recruit at Duke?
why did this get ms
Based on the class that started alongside my associate class (only counting M&A + RX):
Cornell (4), NYU (7), UPenn (12), Michigan (3), Harvard (3), Ivey (6), Columbia (3).
Anecdotally encounter a lot of people from these schools across the firm: UT Austin and UVA
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.
Yeah but if you go to any ivy, you should be able to swing any firm if you make yourself a qualified candidate.
I went to Duke, wasn't a target for EVR landed superday, didn't get it. But still, it's possible lol
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.
Texas places like ~8 (4-5 NYC / 1-2 HTX / 1-2 SF)
Can confirm, no one going to SF recently though
By # of hires:
Penn
NYU
Ivey
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
I wouldn't be shocked. Ivey seems to be very popular with EBs (especially in RX).
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.
Yup Michigan with 2-3 at M&A and RX in NY every year
I heard Wharton sends at least 5 per year to M&A and also makes up 50% of RX class.
Wharton is the balls.. they really crush it right?
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