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"recently kids have been choosing places like lazard, pwp, and moelis"

personally have not seen this at my HYPSM. PJT/EVR/CVP compete with MS/GS(JPM to a lesser extent), and then LAZ/PWP/MOE compete with BAML/Barcap/CS/Citi. Gug/GHL are generally chosen over UBS/DB.

 

The 2 reasons top candidates pick top banks like LAZ over other top banks like GS are:

1) They like the EB feel and wanted an EB. EBs also pay more (EVR pays the best on the street according to WSO)

or, and this is much more likely

2) The EBs recruit first. EVR closed apps and will have their SA class filled months before GS and JPM even open on July 1.

If they had 2 offers at the same time then #1 would be much more likely. It’s not like people hate GS and they don’t want to go, it’s more that a bank with a name as big as LAZ will still pay you as well as GS and you’ll get the same kinds of exit opportunities. A bird in the hand is worth 15 in the bush when it’s possible that you can get an offer at the first bank you apply to and possibly not get a single interview for the rest of the summer.

 

Interesting because last year EVR recruited after GS/MS/JPM to my understanding. the tables really turned

 

Soluta iste aut sed et sequi qui. Et qui sed ut reprehenderit quas est.

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