Moelis London

We hear a lot about Moelis LA and NYC, which supposedly have amazing exit opps but very intense cultures. What do you guys think about Moelis in London? How does it compare with boutiques like Evercore or PWP, or with independent houses like Lazard/Rothschild? Thanks!

 

Sweat shop, decent exits. Same as the US.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 
rf94:
Oreos:

Sweat shop, decent exits. Same as the US.

How would you rank the above mentioned firms in London?

Ev > PWP > Laz > Roths Ev > Roths > PWP > Laz Laz > Ev > Roths > PWP Roths > PWP >Laz > Ev
Laz > Roths > PWP > Ev

one of the above is the definitive, axiomatic, indisputable answer....

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

Indeed. I'm just trying to get a sense of how Moelis stacks up compared to the top independent names in London tier-wise (LAZ and Roths). Of course an actual definitive ranking makes no sense given the relative strengths of these firms.

 

I'm wondering about this too. Lot of comments on WSO about Moelis being a great shop in the US, but how does the London office stack up? From what I've heard, they are still struggling pretty hard in Europe. Would it ever make sense to pick Moelis over some "low-tier" BBs in Europe like UBS/CS? What about peer EBs like Greenhill/Evercore?

I met a a guy in London a few weeks back who was interviewing for a FT at a low tier BB. He was an SA at Moelis during the past summer, received an FT offer but declined. Said the deal flow was pretty weak, plus the hours were brutal (ya, even for banking). Small sample size, that's why I'm wondering...

 
Best Response
sm00eyl:

I'm wondering about this too. Lot of comments on WSO about Moelis being a great shop in the US, but how does the London office stack up? From what I've heard, they are still struggling pretty hard in Europe. Would it ever make sense to pick Moelis over some "low-tier" BBs in Europe like UBS/CS? What about peer EBs like Greenhill/Evercore?

I met a a guy in London a few weeks back who was interviewing for a FT at a low tier BB. He was an SA at Moelis during the past summer, received an FT offer but declined. Said the deal flow was pretty weak, plus the hours were brutal (ya, even for banking). Small sample size, that's why I'm wondering...

I know for a fact that the entire London SA class at Moelis accepted their full-time offers, has been advertised by people there, so I'm not sure the person in question has actually received an offer.

I would probably rank Moelis in between the top 3 BBs and the mid-level BBs such as Citi or BAML in terms of prestige, I've personally dropped 2 low/mid-tier BBs for Moelis. Deal flow definitely isn't as good as those yet though, but exit opps seem to be great (just take a look at Linkedin).

 

Moelis London is a sweatshop, I am skeptical on their deal flow and exit opps. Don't really think they have the ability to get proper roles on big deals - it just tends to be roles like independent advisor to the board / fairness opinion. If you had to rank EBs in London I would say Greenhill, Perella, Centerview in the top tier for comp + lifestyle. Greenhill work pretty hard though. Then you have Moelis, Lazard, Evercore who all work pretty hard. Lazard has decent dealflow but I think that is outweighed by being more of a sweatshop than a Nike factory in Vietnam. Don't really count Rothschild because they're not really a boutique, and their comp in London has been terrible for a few years now.

 

The people I know at MoCo are not really working more or less than the ones I know at GHL, EVR, PWP & co. It's all banking and from time to time hours fluctuate, but it's nothing like these Moelis LA sweatshop stories that have been told for quite a while on this forum. Agree that Greenhill, Perella and Centerview do pretty well lately in London and also pay nice above market comp. Lazard and Rothschild aren't directly comparable to the other boutiques as they are advisory machines working on deal after deal and have much larger teams. But especially Rothschild works on a lot of midcap stuff and pay is crap. Lifestyle of the two analysts I know there is decent, but they are both trying to leave as comp sucks compared to competitors and they are not happy with the exposure they get. Seems to be very political as well.

Btw, I know that MoCo hired pretty late this spring again after the usual hiring round which could be a sign that they are expecting deal flow to pick up / have a full pipeline.

 

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