Comments (21)

Apr 25, 2013

Moelis is great in Chicago -- though I don't have enough knowledge to compare it to the other locations you listed. I would say that top shops in Chicago include William Blair with Lincoln International a little below them

Apr 27, 2013

My general impression in terms of general impressions is that generally Lazard is generally better.

Apr 25, 2013

There was a pretty accurate post a while back about top shops in Chicago. Moelis is certainly up there after hiring away talent from BAML and DB.

Quality Firms in Chicago
Elite boutiques: Lazard, Moelis, and Greenhill
BBs: CS, JPM, Citi, MS
Middle Market: Blair, Lincoln, Baird

May have a missed a few so no need to throw any monkey dung!

MD at BAML Chicago was on the Heinz deal but haven't heard much else about that office (industrial and consumer groups). Also, I haven't heard about the Chicago presence for GS and Barclays.

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Apr 27, 2013

lazard>>>>>>Moelis

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Apr 25, 2013
GED or Bust:

There was a pretty accurate post a while back about top shops in Chicago. Moelis is certainly up there after hiring away talent from BAML and DB.

Quality Firms in Chicago
Elite boutiques: Lazard, Moelis, and Greenhill
BBs: CS, JPM, Citi, MS
Middle Market: Blair, Lincoln, Baird

May have a missed a few so no need to throw any monkey dung!

MD at BAML Chicago was on the Heinz deal but haven't heard much else about that office (industrial and consumer groups). Also, I haven't heard about the Chicago presence for GS and Barclays.

GS has a good presence in Chicago, where the Industrials and Consumer/Retail groups are.

Apr 25, 2013
peinvestor2012:
GED or Bust:

There was a pretty accurate post a while back about top shops in Chicago. Moelis is certainly up there after hiring away talent from BAML and DB.

Quality Firms in Chicago
Elite boutiques: Lazard, Moelis, and Greenhill
BBs: CS, JPM, Citi, MS
Middle Market: Blair, Lincoln, Baird

May have a missed a few so no need to throw any monkey dung!

MD at BAML Chicago was on the Heinz deal but haven't heard much else about that office (industrial and consumer groups). Also, I haven't heard about the Chicago presence for GS and Barclays.

GS has a good presence in Chicago, where the Industrials and Consumer/Retail groups are.

Interesting. Did Byron Trott use to work in that office?

Apr 26, 2013

HL would fall into the MM bracket, definitely a pretty big banking office that competes with those listed. They have their head of industrials (also a board member), head of healthcare, and head of consumer all in Chicago. Plus a few MDs in restructuring.

Apr 25, 2013

I heard BMO Capital Markets is now the largest bank in Chicago. Large LevFin, Industrials & Consumer groups

Apr 27, 2013

Moelis Chicago seems pretty cutthroat. Haven't heard much good about culture but seems like some people like it.

With Lazard Chicago, you should be careful between which group you're looking at - restructuring is very strong, did the Tribune deal. Pretty good exits to some brand name PE/credit firms. I don't know as much about M&A other than to say that it's not quite on the same level and does a lot of industrials/auto deals.

Apr 25, 2013
jbh_banker:

I heard BMO Capital Markets is now the largest bank in Chicago. Large LevFin, Industrials & Consumer groups

Not quite as strong in M&A still, but moving that way. They are using the Harris' reputation and connection to drive the IBD.

RBC also has a good presence in Chicago.

Apr 25, 2013

Which one's have the best exit opps for analysts? Do people generally stay in Chicago for buyside? PE or HF?

Apr 27, 2013

Thanks for the info everyone. From what I understand the Lazard Chicago office is pretty brand new (2

Apr 25, 2013
Kemp:

Which one's have the best exit opps for analysts? Do people generally stay in Chicago for buyside? PE or HF?

Generally Chicago or MW (Minneapolis, STL, WI, OH, IN, MI) for buy side. It depends on what you want to do. If you want mega or large PE shops, clearly BBs. If you want MM, Blair, Lincoln, Baird and others place as well as any MM groups.

Apr 25, 2013

Have two buddies in Chicago: one at a top BB and one at a top boutique previously mentioned. Guy at elite boutique told me PE opportunities in NYC are very difficult to get out of Chicago office, especially given lack of facetime/networking with NYC PE headhunters and management. Analyst at BB told me NYC exit opps are hard to come by, but not impossible, it requires you to be on good standing with your MD and your MD to reach out to his contacts. Both said Chicago exit opps abound for a top BB/elite boutique analyst and there are plenty of strong PE names in the city.

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Apr 26, 2013

.

Apr 26, 2013

Usually the better groups in Chicago are Industrials and CPG.

Apr 27, 2013
henryxub:

Usually the better groups in Chicago are Industrials and CPG.

I'd also put services and healthcare up there, along with some restructuring.

Apr 27, 2013
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