Moelis vs. Evercore vs. PJT
Already accepted an offer to one of these, but wanted to get the general perception of these groups. Had an offer for Moelis, Evercore rx, and PJT advisory (they had apparently already finished rx). All are NY based.
Moelis - tougher culture, blended program so get some rx exposure, great reputation, and top exit opps (heard rumblings that these aren't quite as good as they used to be).
Evercore rx - best culture; very small class; significantly higher pay than other dedicated rx programs; seems like top exits, but hard to ascertain from such a small class.
PJT - larger class size; brand-name uncertainty, but seems to be in-line with BX advisory; top pay along with Evercore; top exits that don't seem to be diminished post-BX spinout. Potential to lateral to rx for FT if top-performer apparently.
My question is: If you're a top-performer in any of these groups (assuming you transferred to PJT rx for FT) are the classic restructuring exits all roughly similar to obtain? Does Moelis being blended or Evercore being small hamper this or is it all just splitting hairs?
PJT RX > EVR = MoCo
Interesting. So there would be exits that PJT rx would provide that evr and Moelis wouldn't likely be able to? Or it's just a better learning experience and the probabilities of landing a top exit is improved over evr/Moelis?
I think the differences in learning experience are marginal in these RX teams, this was just related exit ops which have historically been the strongest at PJT (and it seems that nothing has changed since the spinoff from BX)
There are only about 5 players that are to be taken seriously in RX and these are LAZ / HL / PJT > Moco / EVR and maybe Rothschild
What did you end up choosing between these offers? Can't go wrong with either but I think you took EVR RX since it seems like you want to be in RX
Evercore RX is quite selective, hope you took it.
Care to expand on Evercore rx at all? Very limited (and all quite dated) info on WSO. Feel free to PM if you prefer. Thanks!
Don't have direct knowledge but my understanding is they give out less than a handful of offers a year and have strong deal flow.
I see PJT on a lot of deals these days so I think there should be no issues around the brand name.
I'd pick Evercore
I was in a similar position and took PJT Advisory over Evercore as well as other EBs/BBs
For your specific situation, I'd take Evercore. A 2-4 person group will be a significantly better learning experience than a larger class.
Also, as elite and exciting as a place as PJT is, it simply has not developed a nationally renowned name yet. I have no doubt that it could be the most "prestigious" shop in 5-10 years like Blackstone was, but I'm assuming you want to exit in the next 2-3 years.
Evercore has the guaranteed name/prestige, guaranteed RX, and likely much better learning experience due to the smaller class size. Also, with a smaller group you will likely have a lot closer relationships with your managers their who will pull for you come exit opp time if that's what you desire.
Obviously you can't go wrong with PJT or Evercore, but I think you're crazy to give up so many perfect "guarantees" that Evercore would provide. What else are you looking for?
Also, it sounds like you're only "second-guessing" Evercore because there is "very limited (and all quite dated) info on WSO." Who cares. WSO is just a online forum. Clearly the 2-4 Evercore interns, as well as their RX, don't frequent here too often. That might be a good thing lol.
I also didn't even mention that you said it was best culture, not to mention "significantly higher pay" than most RX groups. Be happy with your Evercore acceptance, move on, have fun.
Thanks for the response! Regarding the WSO comment, I meant more along the lines of it was hard to find info on LinkedIn or WSO about traditional exits (i.e - does Laz, PJT, etc. get better placement on the buy-side than Evercore rx for some reason). Given how small the class size is I just don't have a lot of data points on Evercore exits; that was my only point of trepidation with them.
Moelis vs. Evercore vs. PJT
Already accepted an offer to one of these, but wanted to get the general perception of these groups. Had an offer for Moelis, Evercore rx, and PJT advisory (they had apparently already finished rx). All are NY based.
Moelis - tougher culture, blended program so get some rx exposure, great reputation, and top exit opps (heard rumblings that these aren't quite as good as they used to be).
Evercore rx - best culture; very small class; significantly higher pay than other dedicated rx programs; seems like top exits, but hard to ascertain from such a small class.
PJT - larger class size; brand-name uncertainty, but seems to be in-line with BX advisory; top pay along with Evercore; top exits that don't seem to be diminished post-BX spinout. Potential to lateral to rx for FT if top-performer apparently.
My question is: If you're a top-performer in any of these groups (assuming you transferred to PJT rx for FT) are the classic restructuring exits all roughly similar to obtain? Does Moelis being blended or Evercore being small hamper this or is it all just splitting hairs?
Voluptas qui a quia. Nihil pariatur et dolorem sit itaque. Accusamus sunt aut ipsum beatae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...