Moelis Class of 2018 Today

Note: US offices only / there were ~15 or so folks I couldn't find, which this excludes. 

Analysts: 47

  • Remaining Analyst / A2A: 6

  • Private Equity Tier 1 (megafunds and well known middle market): 9

  • Private Equity Tier 2 (solid middle market): 10

  • Private Equity Tier 3 (unknown funds): 8

  • Corporate Development: 5

  • Other Investment Banking: 2

  • Hedge Funds: 2

  • Other: 5

Associates: 21

  • Remaining: 13

  • Corporate Development: 5

  • Other Investment Banking: 3

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Comments (62)

  • Analyst 1 in AM - Equities
Apr 26, 2021 - 1:39pm

why do you think such a large proportion of people went to tier 3 unknown funds? I'm sure this also happens at GS/MS/EVR.

Wouldn't it just be better to recruit as an AN3, or even A2A than jump the gun and go to a not-so great PE firm?

Most Helpful
  • NA in IB-M&A
Apr 26, 2021 - 1:44pm

Such an ignorant comment lmao. Maybe they just wanted to work there or aren't prestige whores? Lifestyle is a big factor for some people, and things like brand/comp matter far less - especially after coming from a place like moelis.

  • Investment Analyst in HF - EquityHedge
Apr 26, 2021 - 1:58pm

Dont think their comment was roast worthy. Coming as someone who never was in banking/PE I was curious about this myself...

Obviously lifestyle is a big factor when looking at any employment opportunity, would imagine folks who went through a rigorous analyst program such as Moelis would care a lot about ROI on hours worked which is generally lower on LMM PE firms, despite having less hours.

Ive always wondered how hard/competitive PE recruiting actually is coming from a bank like Moelis and think that is more of what this comment is referring to.

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Apr 26, 2021 - 8:50pm

Lifestyle is not a big factor for Moelis analysts - they signed with Moelis and knew what they were signing up for.

Personally I agree with the original comment: ~11/60 (OP mentioned they couldn't find 15) to MF/UMM/HF is lower than one might think given all the dick sucking for EBs on WSO. Maybe give the benefit of the doubt and assume only analysts who ended up in PE wanted to do PE, then you have 9/27 to MF & UMM PE combined (but doesn't include the 15 analysts OP couldn't find, A2A's, Corp Dev etc. who might also have wanted to do PE).

Curious to see this type of data for other EBs and even BBs (or BB groups). This kind of data-driven research is exactly what shuts up the stupid prestige posts and misinformation on this forum. Thanks OP.

Apr 26, 2021 - 8:53pm

Such an ignorant comment lmao. Maybe they just wanted to work there or aren't prestige whores?

Or maybe this is a natural distribution of outcomes.  Not everyone who goes to Harvard ends up at GS and guess what not every who works at Moelis ends up at a Tier 1 place.

Apr 26, 2021 - 2:07pm

After working at moelis, i think a lot of people start to realize "prestige" isn't worth as much as most people think. Work life balance becomes so much more important, and complete respect to those who end up working comfy corporate roles

Array

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  • Associate 1 in PE - LBOs
Apr 26, 2021 - 3:56pm

I think the first comment on this isn't actually that ignorant... I think people tend to have a laser focus on getting to PE asap starting out at Moelis and I think some of the corporate dev exits and/or kids still hanging in there as 3rd year analysts will be better off in the long run than those who jump after a year to a LMM fund... but the fomo is really strong and when headhunters call, you answer lol 

Apr 28, 2021 - 5:16pm

This. Prestige (generally) matters the most to those who have yet to attain it. The people I know at the top of the prestige totem pole seem to really not care about it much. You'd be surprised how many guys will go from EB / BB banks to small shops if they like the team and the work they do.

At the end of the day, "prestige" is just a form of currency. Currency that you hope to one day be able to exchange for either higher comp, more responsibilities, etc. The goal of attaining prestige is not to endlessly accumulate more prestige. Prestige opens doors early on in your career. It shouldn't dictate your every move.

This is obvious to most in the workforce.

Funniest
  • Associate 1 in IB - Ind
Apr 26, 2021 - 3:58pm

thanks OP, can you add their progression on the norwood balding scale after 2 years of Moelis hours,  thx

May 2, 2021 - 1:41pm

Don't think anyone was balding in my class. Think balding might be a bit more genetic related for some ppl. Had a good friend in college who was balding already in his teens/early twenties. Had a pretty chill life but that was just the hand he was dealt in life

  • Analyst 1 in IB - Gen
Apr 28, 2021 - 6:16pm

only 2 went to a hedge fund, is this typical of IB classes? and is this more of a function of lack of interest or competition? 

May 2, 2021 - 1:45pm

Prob also interest. Kids who were more  interested in HFs were prob less interested in working at MC out of college and more interested in like groups that advised HFs and/or companies that HFs generally invest in

  • Research Analyst in HF - Other
Apr 29, 2021 - 10:07pm

No I think he means actual no name shops. You'd be surprised - around 40% drop off to that or some other thing entirely, and then 50% will land into B school or senior associate positions at known MM PE shops, and then like 10% will stay on if they have the ability to. 

Apr 30, 2021 - 4:10pm

OP – for the tier 1 private equity placements, did you notice if any of these people worked closely with any specific groups? As a generalist, do you think there are certain industry groups that having strong exposure to can give you a leg up in MF PE recruiting?

Thanks.

  • Associate 1 in PE - LBOs
Apr 30, 2021 - 8:00pm

OP: A few comments / responses

- agreed would be fun to post an update 5, 10 years down the road... 

- this was the class after the staffer email (Ken responded by arguably overhiring at the analyst level)

- the "no name" shops we're quite frankly ones that I had just never heard of.. some of them are probably great places to work with solid comp, but any good MM shop I put solidly into tier 2 (i've heard of most MM funds tbh)

- in terms of things that led to qualify exits, I think I'm about to say something unexpected, which is just don't settle.. some of the best exits out of the class came well over a year into the job or even two.. I felt such a sense of fear when on-cycle kicked off back in October of 2018, but it was unwarranted 

- I don't think group placement mattered much, but do focus on being good at your job and building good relationships with people you work with and the opportunities will come

  • Intern in IB - Gen
May 1, 2021 - 4:37pm

would you say the better exits were due to analysts being better prepared than the ones that went on cycle? if so, do you have any thoughts on delaying on cycle your first year?

May 2, 2021 - 1:33pm

For what it's worth; I think I know the staffer who sent out that email that made its rounds in the media. Before he was asked to take on the staffer job, he might have been the nicest/best VP to work with at the firm. Just a tough job trying to be the one focal point for like 100 MDs trying to get access to one big pool of analysts for some of the more grunty type work they need to do for the firm's clients. 
 

Prob as MC grows some of the pressure on the staffers can be eliminated as maybe they can dedicate analysts to more specialized pools somewhat while still maintaining the generalist program

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Total Avg Compensation

May 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (35) $364
  • Associates (194) $234
  • 2nd Year Analyst (110) $151
  • Intern/Summer Associate (96) $145
  • 3rd+ Year Analyst (26) $145
  • 1st Year Analyst (404) $131
  • Intern/Summer Analyst (329) $82