Moelis LA - Unbelievable Analyst Placement

Banking4Life's picture
Rank: Chimp | 8

Just found out where the first year Moelis LA analysts (total of 6) got jobs:
1 to KKR
1 to Silver Lake Partners
1 to TPG Capital
1 to TPG's new special situations group (ex GS-SSG guys)
1 to Carlyle
Last analyst is still interviewing with a number of funds.

Pretty unbelievable for Moelis LA's first year analyst class. I heard these guys were told by associates at TPG that all the megafunds were fighting over Moelis LA analysts. Looks like it was true.

Comments (61)

Jul 16, 2009

whoop-de-doo.

"unbelievable" at moco is just business as usual at the likes of lazard, blackstone m&a, and evercore.

Jul 16, 2009

What exactly does special situations group entail?

Jul 16, 2009

Can someone point to some firms where analysts from lazard, evercore, blackstone, etc have ended up? Posters on wso always talk about the great exit opps at elite boutiques, but when I'm looking at mega funds or very reputable pe shops, I rarely see an associate that has a background from one of the aforementioned boutiques.

Jul 16, 2009

Blackstone M&A at Silver Lake: http://www.silverlake.com/partners/employee.php?pa... Blackstone M&A at Silver Lake: http://www.silverlake.com/partners/employee.php?pa...
Blackstone Restructuring at Silver Lake: http://www.silverlake.com/partners/employee.php?pa... Blackstone PE (internship) at Silver Lake: http://www.silverlake.com/partners/employee.php?pa...

And keep in mind--BX M&A has never exceeded 10 people for a single analyst class, usually 6-8 for those who graduated pre-2008.

Also, one more.
Evercore at Silver Lake: http://www.silverlake.com/partners/employee.php?pa...

Jul 17, 2009

thanks qwerty

Jul 17, 2009

Confirmed*

My buddy who's a summer at Moelis said a few of the guys turned down Apollo and Leonard Green & Partners for some of the aforementioned firms- I, as well as others, had my doubts about Moelis initially but the exit opps are obviously proving us wrong

Jul 17, 2009

Damn.

I haven't heard of Rothschild placing nearly as well.

Must be the "xxBorderxx", those PE guys don't go for that shit.

Feb 16, 2018
Jul 17, 2009
MarkusFenix:

i thought some people said the BX only recruits from H and W undergrad. But not surprising to see an MIT grad too.

there's also sa's from cornell and umich in m+a this year

Jul 18, 2009

Does anyone have insights on Rothschild placements?

In general, dont you think that the whole placement issue is somewhat exaggerated? With exaggerated I mean that only a fraction of analyst will make it in PE (in the end the size of the industry's headcount is very limited)? It just somehow appears to me that most analysts do not go to PE but rather industry, academia or other stuff. However, these prospects are seldom mentioned. As I am not into the industry I may be mislead on these points. However, I would be curious to get some insights on various exit opps other than PE. Maybe even a distribution of exits according to industries with percentage estimates may be interesting.

Jul 18, 2009

Terps are well represented at Moelis! Woohoo! Ya'll know!

Jul 18, 2009

those exit opps are pretty good, but I would agree with some of the above comments that BX has a much smaller analyst class and moelis' class was pretty large.

does anyone have any info on other boutiques? I'm most curious about perella and evercore.

Jul 18, 2009

I have mixed feelings. Jealousy and envy combined with a lot of respect. Unfortunately, the name of my college will haunt me for the rest of my life.

Jul 18, 2009

Moelis LA has 6 analysts - that is a very small class. Not quite sure what you are referring to jackyuen. It looks like Moelis LA will end up sending 5 out of 6 analyts to megafunds and all 6 into PE.

Jul 19, 2009
Banking4Life:

Moelis LA has 6 analysts - that is a very small class. Not quite sure what you are referring to jackyuen. It looks like Moelis LA will end up sending 5 out of 6 analyts to megafunds and all 6 into PE.

Enh. Maybe so. But you'd be crazy not to want to get out after the kind of slavery you suffer at MoCo. On the other hand, it looks like you're set on doing "Banking4Life," so why even bother about exit opps?

On the other other hand, you can't even spell "analyst" correctly. Hope your Banking4Life work isn't as shoddy as your WSO posts would otherwise indicate!

Jul 18, 2009

any idea what moelis ny placements are?

Jul 18, 2009

sorry b4l, didn't see you were referring to MoCo LA only.

still curious about other elite boutiques though.

Jul 19, 2009

Anyone know the placements of Greenhill?

Jul 19, 2009

Interesting read, was always curious about how top boutiques placed.

Halberstram, what do you mean by "xxBorderxx"?

Jul 19, 2009

Out of interest, for someone who's never heard the name pronounced and only read about Moelis online, how do you pronounce Moelis?

Is it

[Mo]ment [lis]

or

[Mo]ment h[ell] [lis]

Mar 19, 2012

.

Jul 19, 2009

^^ [Mo]ment [lis]

Jul 19, 2009

dont have this current recruiting seasons results, but this is what i know from last year placements. may not be remembering entirely correctly, so this might be a bit off but are generally correct:

greenhill: 2 tpg, 1 kkr, 1 providence, 1 to one of the tiger cub funds

evercore: 1 silverlake, 1 apax, 1 associate direct promote, not sure about rest

perella: this year is the first analyst class to have spent all analyst years with firm, so no placement stats yet. of laterals who finished up as analysts last year, 1 went to a sovereign wealth fund and one to "a top hedge fund" (my source didnt give a name)

Mar 19, 2012

.

Jul 19, 2009

thanks for the word aardvarkaa. does anyone have this year's placement for perella or the rest of evercore?

Jul 19, 2009

Anyone know what the analyst placements are for UBS L.A. this year??

Jul 19, 2009
rightplacewrongtime:

Anyone know what the analyst placements are for UBS L.A. this year??

You mean for the one remaining 2nd yr?
http://dealbreaker.com/2008/11/layoffs-watch-08-ub...

Jul 19, 2009
MMmonkey:
rightplacewrongtime:

Anyone know what the analyst placements are for UBS L.A. this year??

You mean for the one remaining 2nd yr?
http://dealbreaker.com/2008/11/layoffs-watch-08-ub...

I know that one UBS LA second year went to Ares.

Jul 19, 2009

I believe you're mistaken. I'm almost 100% certain that there is a 2nd year UBS LA analyst going to KKR.

Jul 19, 2009

i can confirm what dontmakemeshortyou is saying. one second year is going to kkr's west coast office from ubs la

Jul 20, 2009

Heard from a college buddy who works there that Perella sent two straight to business school (bypassed the obligatory two-year buy-side stint), one to HBS and the other to Stanford. Not sure about anyone else.

Jul 20, 2009
bankerspi314:

Heard from a college buddy who works there that Perella sent two straight to business school (bypassed the obligatory two-year buy-side stint), one to HBS and the other to Stanford. Not sure about anyone else.

Several are staying as direct promotes. I can confirm the one HBS, one Stanford.

Jul 20, 2009
bankerspi314:

Heard from a college buddy who works there that Perella sent two straight to business school (bypassed the obligatory two-year buy-side stint), one to HBS and the other to Stanford. Not sure about anyone else.

Isn't this common at HBS and Stanford these days? They've been having a push towards younger people. If these folks had top grades at HYPS and rock solid GMATs... this should have been simple to pull off.

Jul 21, 2009

No, it's incredibly difficult to get into a top b-school without 4-5 years of work experience; that's typically why kids do a couple years on the buy side, post banking. In today's economy, it's even more competitive, given everyone and their mother is applying. That's pretty sick they were able to place right into the best b-schools. I heard Perella also did the Barclay's / Blackrock deal that went down last month? Does anyone know if that's true?

Jul 21, 2009

They sent two straight to Harvard Business School and Stanford GSB? That's pretty impressive considering one of the main reasons people do two years in PE is to get into a top business school; it's like skipping two grades.

Jul 21, 2009

The issue with this is that those early MBA'ers will graduate in 2 years from a top bschool with only 2 years of IB experience and they will be competing with kids with 2 years of IB and 2 years of PE for all of the PE jobs that they inevitably want. 9/10 the kid with both the IB/PE experience will get that job. Moral = Getting into bschool lacking experience is not always the best thing.

Jul 21, 2009

I'm on record as to my personal skepticism of Moelis' approach at times, but I will say that one thing I've heard they do very well is stick up for their juniors in exit placement.

I've been told that they not only help set up the interviews, but also ensure that analyst staffing works around those interview dates. It's something every firm should do, and a credit to Moelis that they get it. It strengthens their bond with their junior bankers, and eventually with the PE firms in question.

The thing bigger firms tend to forget is that your departing analysts can fertilize many relationships going forward. My criticism with our own approach has been that we often forget that, and our analysts depend upon actions by individual bankers to further their careers rather than by a concerted firmwide push.

It's no different than layoffs really. You should do everything you can to ensure that a RIF's employee leaves on as good of terms as possible. After all, he/she isn't just going to fall off the earth. You never know when in the future that goodwill will be invaluable, like if they go to a client or counterparty. I'm amazed by how often we overlook that in our hurry to cut costs.

Jul 23, 2009
GenghisKhan:

I'm on record as to my personal skepticism of Moelis' approach at times, but I will say that one thing I've heard they do very well is stick up for their juniors in exit placement.

I've been told that they not only help set up the interviews, but also ensure that analyst staffing works around those interview dates. It's something every firm should do, and a credit to Moelis that they get it. It strengthens their bond with their junior bankers, and eventually with the PE firms in question.

The thing bigger firms tend to forget is that your departing analysts can fertilize many relationships going forward. My criticism with our own approach has been that we often forget that, and our analysts depend upon actions by individual bankers to further their careers rather than by a concerted firmwide push.

It's no different than layoffs really. You should do everything you can to ensure that a RIF's employee leaves on as good of terms as possible. After all, he/she isn't just going to fall off the earth. You never know when in the future that goodwill will be invaluable, like if they go to a client or counterparty. I'm amazed by how often we overlook that in our hurry to cut costs.

Ghengis, any advice on how to get my seniors to behave in a similar fashion. Its much more conservative where I am, and our hiring process is generally much more stringent than most, primarily because we keep people around for the long-haul and aren't as short-sighted on hiring/firings. As a result, my perception is that it is frowned upon to ask my MDs to help place me in a PE role is probably pretty accurate.

Jul 23, 2009

Interesting news about Perella's analyst class. Although, I'm not sure if there's that much to complement about the bank. The firm has much less correlation to business school placement than PE placement I'd imagine.

Jul 23, 2009

Either way, being able to place kids into HBS straight out of the analyst program, that's extremely tough to do. I'll bet a lot of Perella kids will start going to distressed hedge funds, as their restructuring side is apparently tearing it up. Was Perella on Barclay's / BlackRock?

Jul 23, 2009
wildwestderivative:

Either way, being able to place kids into HBS straight out of the analyst program, that's extremely tough to do. I'll bet a lot of Perella kids will start going to distressed hedge funds, as their restructuring side is apparently tearing it up.

Joe Perella wrote recs for both of them, which I presume goes a fair way

Sep 13, 2009
drexelalum11:
wildwestderivative:

Either way, being able to place kids into HBS straight out of the analyst program, that's extremely tough to do. I'll bet a lot of Perella kids will start going to distressed hedge funds, as their restructuring side is apparently tearing it up.

Joe Perella wrote recs for both of them, which I presume goes a fair way

Oh hot damn...

Jul 23, 2009

Yeah, they were. Word on the street is that they were approached last minute and had the final word before Blackrock announced the deal. Spoke to one of the associates the night the deal was announced. He said practically no one left the office the week before announcement.

No doubt PWP is prestigious. But I'm still surprised their track record isn't stronger. I'd like to see them getting Evercoresque consistency. But who knows, maybe it's just the economy.

Jul 23, 2009
jackyuen:

Yeah, they were. Word on the street is that they were approached last minute and had the final word before Blackrock announced the deal. Spoke to one of the associates the night the deal was announced. He said practically no one left the office the week before announcement.

No doubt PWP is prestigious. But I'm still surprised their track record isn't stronger. I'd like to see them getting Evercoresque consistency. But who knows, maybe it's just the economy.

just trying to learn more about banking, so what was people at PWP actually doing during that week? i doubt they were running DCF models.

Mar 19, 2012

.

Jul 23, 2009

Perella is an HBS guy.

Sep 2, 2009

I know several people at top boutiques that went to Bridgewater Associates after their 2 year stint.

Sep 13, 2009
prospectivebanker:

I know several people at top boutiques that went to Bridgewater Associates after their 2 year stint.

Short that.

Sep 13, 2009

I'm not sure if he serves on the Board of Overseers or Trustees... but I think the admissions people tend to know who those people are.

Sep 13, 2009

The problem with this thread is that there is an omission of very critical information. This year's analyst class was hired in 2007 and they were going to go to UBS LA, not Moelis. They turned down offers from GS, MS, BX, LAZ, etc, to get into a very prestigious group. By that account, these kids already had great pedigrees and had been relatively strong candidates to begin with. Combine that with a year of 100+ hour weeks, a management push towards strong placement and you have a recipe for what we see today. What you DON'T know, is that Moelis's recent hires don't have profiles that are anywhere nearly as strong. Plus, has anyone heard anything from Moelis NY? No, I didn't think so. Go to Moelis if you want to be brutalized for two years for the same opportunities you'd get anywhere else (especially if you logged those hours).

FYI: I had an offer from Moelis and turned it down.

Sep 15, 2009
DontMakeMeShortYou:

What you DON'T know, is that Moelis's recent hires don't have profiles that are anywhere nearly as strong.

Are you referring to the junior people that came over from Jefferies' recapitalization & restructuring group?

Sep 16, 2009
MMmonkey:
DontMakeMeShortYou:

What you DON'T know, is that Moelis's recent hires don't have profiles that are anywhere nearly as strong.

Are you referring to the junior people that came over from Jefferies' recapitalization & restructuring group?

No, I'm not talking about laterals.

Sep 15, 2009
DontMakeMeShortYou:

FYI: I had an offer from Moelis and turned it down.

Me too.

Sep 13, 2009

Most people would still take a UBS offer over a Moelis offer in the real world for NY at least. I can't explain why, it doesn't really make sense based on this thread. A lot of it is wanting to be at a big name firm. Maybe its different for analysts coming out of Stanford or UC.

Sep 13, 2009

The dean of HBS is on Blackstone's board of directors. Probably counts for something in terms of adcom familiarity.

Sep 16, 2009

I second DontMakeMeShortYou's comment.

Most analysts that are going to other shops this year were from UBS LA originally. Several of them had offers from all other banks including lazard/gs likes but chose UBS LA instead.

Sep 24, 2009

M

Nov 30, 2009
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Apr 11, 2018