JPM vs MS vs Evercore
Hey All- first time posting, but have been a lurker for a while before making a username. Have offers for the summer from these 3 firms and am trying to decide where to accept. The consensus on another post seemed to be Evercore > JPM, so I am pretty much ruling JP out despite enjoying the people I met there.
I know MS and Evercore are very different places as far as culture/size goes, but what do people think as far as the bank that has better placement. At MS I've been speaking to people in M&A, Power, and M&T, so I think I have a good shot at getting into 1 of those groups (number of alums pushing for me in them). I'm pretty certain I'd like to do PE eventually, and most of my reading has suggested that M&A would have the best exits for that and stronger than Evercore's. How do exits from top MS industry groups compare to exits at Evercore, if I wasn't able to get into M&A (they aren't able to guarantee placement into specific groups, so wasn't able to leverage my other offers)? Interested in getting thoughts in general and any suggestions on how to go about making this decision.
Thanks guys!
JC
EVR
Thanks, but this isn't very helpful. Can you give some sort of reasoning or explanation
Just sign with all three. That seems to be the thing to do these days.
.
Evercore
Evercore.
You think you will be placed into M&A at MS, but there are no gaurntees; you could just as easily be placed into Real Estate. EVR, better firm, better culture, great exits.
Could someone who has a bit more experience with these 2 places give some input. As I said in the start, I'm not going to end up in RE and pretty much have a guaranteed spot in 1 of the 2 industry groups I named just given the strength of our alumni base in that group. Also have heard those 2 groups have pretty great culture (particularly P/U), so the culture thing isn't too much of a concern. Really when it comes down to it I am weighing marginally better exits at EVR (if I don't get into MS M&A) vs. a better brand name at MS (particularly if I'd like to work abroad in the future, which is something I am considering). With that in mind, I hope some people can weigh in with their thoughts or shed more light on the differences between the firms/pros and cons that would come with each. Appreciated.
JC
A good friend of mine received an offer from GS last year, and he also thought he would be placed into TMT. We both go to the same school, a top-target. Literally, half the TMT group at GS is from my school (I'm sure by now you've guessed what school I go to.) Anyway, he was not placed into TMT, even though he networked his ass off and knew people within the group. You're not guaranteed any of the groups you listed, even though you may know people within the group. Unless your daddy is Rob Kindler, you are not guaranteed M&A.
With that said, I feel EVR is the best choice here. I know people at EVR and they fucking love it, while some people I know at MS want to fucking put a gun to their heads. The culture at EVR is second to none, the people are extremely friendly, and the culture at the bank is great.
MS is great, don't get me wrong. I just think EVR is the best fit and has excellent exit opportunities.
this is all very sound advice also. but once again...op you can't go wrong with either
Not sure why you are ruling out JPM. Evercore aggressively expanded their analyst class, now it is still pretty unknown how these analysts will exit since the supply almost doubled in recent year. JPM/MS is group and culture dependent, so it really comes down to what group you get and how much you like the people. Either way, these three offers are great so congrats.
If you think u'll get it, then MS M&A by a mile....it's the best group on WS. Period.
Otherwise I'd probably go with EVR, since it has slightly better exits than top MS coverage groups. However just reading between the lines, I get the sense that on some level you are leaning MS...don't blame you, it is a stellar firm with a ton of great history and reputation behind it. At the end of the day, I think you are splitting hairs by thinking too much about exits- I'd just go with where you gut says you'll fit in better (big firm, big brand vs lean firm, tight culture). Can't go wrong either way, don't worry
How is it better than GS TMT / FIG?
from my understanding is it the fact that they exclusively do live deal execution?
Anyone know the recent placement of Evercore analysts at PE/HF/Corp Dev?
I know someone who went from EVR to KKR PE, someone from EVR went to Time Warner M&A, from BX M&A to EVR.
EVR has incredible exit opportunities, hence why I suggested for OP to go there over MS.
OP if you're only trying to gauge relative strength of exit opps, PM the people on WSO that have actually navigated the banking to buyside recruitment process as their information is a lot more valuable than random speculation of college kids (myself included). That or speak to any mentors/close contacts you have at the firms and groups you are evaluating; the EVR and MS people I personally know were happy to give me the actual data of buyside exits in the past few years.
This is probably immature and I am definitely going to get monkey shit for this but this is how I see it:
My friend at Lazard said he absolutely hates how nobody outside of finance knows where he works. He constantly gets the "wait where do you work again" from everybody from relatives, to friends, and girls.. My personal opinion (and probably immature, again) I would rather work somewhere where people know the name. Somewhere that has brand recognition from every creature on the planet. That said, if you are like me, MS or JPM will serve you well on that front. According to my buddy, nothing is worse than having your 100 hour weeks unjustified when people constantly ask you what company you work for.
Okay, let the monkey shit rain....
I think this is a fair point, particularly if OP is interested in leaving high finance at some point, name recognition is a good thing. Surprised MS isn't able to guarantee group placement with your other offers, and if you could get into M&A that would be the easy choice. As is the exits are probably slightly superior at EVR over MS top industry groups (aside from West Coast Tech). That said, EVR recent exits were not as great as in past years- of course top analysts were still exiting to MF PE, but when there are 20+ analysts in a class it isn't reliable to just look at the top 3-4. On the other hand, MS industry groups are pretty lean, so just knowing where 3-4 analysts in a class placed is a much more fair sample size (when the entire class in that group might be 6-10). Not really able to say which to choose, but hoping this helps in your decision or at least adds a bit to the discussion. Also BradyisGOAT seems to either work for EVR or have some connection there- either way, sipping the Kool-Aid a bit too hard. Enjoyed the people I met at EVR a lot, and MS M&A is a huge tossup culture wise depending on who you work with.
generally agree with your point, but do you really think it makes sense to dismiss the brands of laz/evr because the average guy in america is more familiar with GS/ms? what does his opinion matter? he's probably unlikely to respect you anyways if you tell him you work on Wall Street...
now the ppl who do matter- pe, hf, corp dev, bschool adcoms all know and admire laz/evr, so...
not trying to call you out, just think there's an interesting counterpoint here
People that matter and career opps in finance know the name….
Jusy my opinion, but I think the issue of general name recognition shouldn't matter much. The average family relative or thirsty chickenhead probably doesn't know Dartmouth is in the Ivy League, yet it's one of the best schools in the world with a deep alumni base in WSO-type sectors.
I guess what I'm trying to say is that the people that matter (in your career) know EVR, MS, and JPM. Just tell the thirsty chickenhead you're an investment banker, and she probably won't even care where.
MS/JPM over Evercore. After that, it really depends on what group you get placed in. Either way you can't go wrong with any groups at those top BBs. EVR? Please...
Definitely JPM/MS over Evercore. I wouldn't be surprised if most of the replies to this thread are EVR employees. Those guys have a huge chip on their shoulders.
aren't you at BX? you should be pro independent advisory firms lol
I used to be at BX, but I never cared about the boutique vs BB thing. I always saw it as a matter of exit opps and what name you want on your resume.
Any more thoughts on this?
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