Perella/Moelis/Cowen/Miller Buckfire/Lincoln Int/Peter Soloman/Macquarie

I know rankings are stupid but this is not like ranking the BB's. I am just curious about what people know about the less obvious ones in this list (i.e. Lincoln/PJSC)

So what is the perception on the street of some of these places?

Perella (Obviously the best one of the group along with Moelis)
Moelis (See above)
Cowen -
Miller Buckfire
Lincoln International
Peter J. Soloman
Macquarie

any insight? experience? pay? culture?

Will give SB's

 

Moelis - makes you work your butt off, especially their M&A group. Comp is commensurate

Macquaire - If you worked in their Aussie office (HQ), it is a hell of a place to be at. Deal flow, kind of lacking last I heard.

Can't comment on the others.

Honestly, unless you already have a position this question/ranking is moot. If you don't have a position (assuming your a senior or are already interviewing), chances are you aren't the type of person that can end up at few of these firms. If you are offered a position, unless you got options it would be moronic not to take it.

Also firms vary heavily by divisions.

Signed, P.E. analyst

 
prudentinvestor:
Moelis - makes you work your butt off, especially their M&A group. Comp is commensurate

Macquaire - If you worked in their Aussie office (HQ), it is a hell of a place to be at. Deal flow, kind of lacking last I heard.

Can't comment on the others.

Honestly, unless you already have a position this question/ranking is moot. If you don't have a position (assuming your a senior or are already interviewing), chances are you aren't the type of person that can end up at few of these firms. If you are offered a position, unless you got options it would be moronic not to take it.

Also firms vary heavily by divisions.

Signed, P.E. analyst

So you graduated in may, were asking about getting an internship 3 weeks ago and are now a PE analyst? Riiiiight. Take his response with a grain of salt.

I thought Miller Buckfire was a quality shop, how can a few people leaving change the entire view of them?

"Look, you're my best friend, so don't take this the wrong way. In twenty years, if you're still livin' here, comin' over to my house to watch the Patriots games, still workin' construction, I'll fuckin' kill you. That's not a threat, that's a fact.
 
Will Hunting:
prudentinvestor:
Moelis - makes you work your butt off, especially their M&A group. Comp is commensurate

Macquaire - If you worked in their Aussie office (HQ), it is a hell of a place to be at. Deal flow, kind of lacking last I heard.

Can't comment on the others.

Honestly, unless you already have a position this question/ranking is moot. If you don't have a position (assuming your a senior or are already interviewing), chances are you aren't the type of person that can end up at few of these firms. If you are offered a position, unless you got options it would be moronic not to take it.

Also firms vary heavily by divisions.

Signed, P.E. analyst

So you graduated in may, were asking about getting an internship 3 weeks ago and are now a PE analyst? Riiiiight. Take his response with a grain of salt.

I thought Miller Buckfire was a quality shop, how can a few people leaving change the entire view of them?

It wasn't just a few....

 
Will Hunting:
prudentinvestor:
Moelis - makes you work your butt off, especially their M&A group. Comp is commensurate

Macquaire - If you worked in their Aussie office (HQ), it is a hell of a place to be at. Deal flow, kind of lacking last I heard.

Can't comment on the others.

Honestly, unless you already have a position this question/ranking is moot. If you don't have a position (assuming your a senior or are already interviewing), chances are you aren't the type of person that can end up at few of these firms. If you are offered a position, unless you got options it would be moronic not to take it.

Also firms vary heavily by divisions.

Signed, P.E. analyst

So you graduated in may, were asking about getting an internship 3 weeks ago and are now a PE analyst? Riiiiight. Take his response with a grain of salt.

I thought Miller Buckfire was a quality shop, how can a few people leaving change the entire view of them?

'

I never graduated in may??? Not sure where that came from, I did have a post about a p.e. interview not that long ago. I did end up getting the internship. I spent my entire summer at the firm in NYC. Right now, I'm doing remote due diligence and modeling work for my firm. Its a small team but my MD still lets me in on the action in some magnitude. Ya okay, so I'm not a FT analyst but the amount of work I do/did doesn't vary that much relative to people still at my firm in terms of research and valuation work.

When the hell did I post about getting an internship 3 weeks ago???

 
Best Response
Will Hunting:
prudentinvestor:
Moelis - makes you work your butt off, especially their M&A group. Comp is commensurate

Macquaire - If you worked in their Aussie office (HQ), it is a hell of a place to be at. Deal flow, kind of lacking last I heard.

Can't comment on the others.

Honestly, unless you already have a position this question/ranking is moot. If you don't have a position (assuming your a senior or are already interviewing), chances are you aren't the type of person that can end up at few of these firms. If you are offered a position, unless you got options it would be moronic not to take it.

Also firms vary heavily by divisions.

Signed, P.E. analyst

So you graduated in may, were asking about getting an internship 3 weeks ago and are now a PE analyst? Riiiiight. Take his response with a grain of salt.

I thought Miller Buckfire was a quality shop, how can a few people leaving change the entire view of them?

About a year ago, I spoke with an MD who left and said that place was a sinking ship. It wasn't a huge shop to begin with, and it was a boutique in the truest sense of the word- only focused on restructuring, so when a few or a lot of rainmakers leave, the rest of the shop doesn't have anything to fall back on.

 
prudentinvestor:

Honestly, unless you already have a position this question/ranking is moot. If you don't have a position (assuming your a senior or are already interviewing), chances are you aren't the type of person that can end up at few of these firms. If you are offered a position, unless you got options it would be moronic not to take it.

I never understood this type of answer. It's a perfectly legitimate question to want to know rankings. There is a lot of utility in knowing which groups are better than others, even if you don't have an offer from any of the firms yet. It lets you know which firms and groups you should network with more than others. You're also much less likely to be outted by posting a thread like this before you get the offers versus posting a thread about "should I pick my X offer or my Y offer?" Because there are probably only 3 people that have the X offer and anyone at that firm could read the thread and know who you are.

 
thom.yorke.thom:
prudentinvestor:

Honestly, unless you already have a position this question/ranking is moot. If you don't have a position (assuming your a senior or are already interviewing), chances are you aren't the type of person that can end up at few of these firms. If you are offered a position, unless you got options it would be moronic not to take it.

I never understood this type of answer. It's a perfectly legitimate question to want to know rankings. There is a lot of utility in knowing which groups are better than others, even if you don't have an offer from any of the firms yet. It lets you know which firms and groups you should network with more than others. You're also much less likely to be outted by posting a thread like this before you get the offers versus posting a thread about "should I pick my X offer or my Y offer?" Because there are probably only 3 people that have the X offer and anyone at that firm could read the thread and know who you are.

Those are solid points, but the fact is that while some posts fall into the categories you outline, I suspect that these are in the minority and that the majority of posts like these are coming from kids looking up what banks are on the OCR list and then mass posting about them here. That sort of thread adds very little value; if you don't have an offer, then you shouldn't be focusing on only the best banks- you should be looking at every single bank until you do get an offer, and then you can afford to start getting picky.

 

Also what was the point of this thread? It's literally a smattering of non-BB banks from all parts of the banking universe... PJSolomon is strong in consumer IIRC, Lincoln in industrials, Cowen in HC (?), all are middle market banks for the most part (I think).

 

Perella is completely different than the rest of the firms on the list. Perella focuses on larger transactions and the calling officers were formerly very senior at other firms. As a junior banker, you can do a handful of $10Bn+ Deals that have been kicking around for a decade in a few years or no deals (remember that for each analyst announcing that mega deal that's been 10 years in the works, there were a half dozen other analysts who worked on it with nothing to show)

The others are more focused on MM and volume

 

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