PJT M&A NY vs. EVR M&A Menlo Park

Currently torn on where to lateral and curious as to what everyone has to say about the main advantages and disadvantages of joining each group. What do the exits look like from each group? Hours? Culture? Size? Prestige on the street?

I’m definitely interested in tech investing someday but also want to move to NY for the beginning of my career. Is it possible to land a tech focused investing role in buy out or growth after doing a stint at PJT? I know their analysts are generalists. How strong are they in tech?

Thanks!

 

Not true, EVR Menlo isn’t anywhere near PJT. PJT will open more doors and unless you’re dying to live in Menlo Park or do tech please go to PJT

 

PJT M&A gets pretty much every exit you could want. There was a thread earlier about 9/14 of the people got top UMM/MF or a top SM HF, 1-3 did A2A and the rest had no issue exiting. I cannot stress how good of a group PJT M&A is—it will unlock every exit possible (excl distressed). EVR Menlo isn’t even in the top 3 of tech banking and is in a suburb (although I wanna settle down there tbh but its not where I want to spend my early 20s). I cannot stress how amazing PJT is, please take it and don’t look back

 

EVR NY and PJT NY are in the same caliber in terms of traditional exits (PE or HF). You're not going to precluded from opportunities offered to analysts at EVR NY if you are at PJT NY and vice versa. No knock on EVR MP or the deal experience you'll get there (although it is widely known that GS, MS, Q dominate the tech space), it's just the way the industry works. When on-cycle hits, there are already ~60 EVR NY analysts who have been prescreened for high GPA, target schools, etc. so there really is no good reason for firms to go all the way down to MP. Even the SF-based buyout shops will fly out to NY to interview, so logistically it just makes it more difficult to recruit from Menlo. That being said, if you want to go do corp dev at a tech company, EVR MP will have equal standing. Both are great firms - it just depends on what you are looking for in your exit. 

 

You should go to whichever shop gives you the most exposure to tech, which gives you the exit opportunities you're seeking, which gives you what you're looking for. 

Tech in SF is different than tech in NY, so depending on how the tech scene in each geography suits you, you should go there. 

Without knowing your situation, I would guess nothing else matters. Hours? will be bad no matter where you go. Culture? Well, I would guess it's fine either place. Size? who cares for these two shops. Prestige? It's like asking if Coke or Pepsi is better.

 
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I’m out in the Bay Area doing IB and I think you should go to NY PJT for a few reasons:

  • Recruiting for the next several months will be virtual, so your location doesn’t matter for the next little while. All the firms have got comfortable with recruiting and hiring without meeting anyone in person
  • PJT NY is such a strong brand and that you will get interviews anywhere you would have if you went with Evercore Menlo
  • Evercore tech is ok, but gets pushed out by Qatalyst, Centerview now, Goldman, MS, JPM, and is more in the tier of BofA I’d say in terms of league tables (just guessing here based off of what I’ve noticed off the last year or so of deals)
  • You want to be in NY to start your career
 
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