PWP London/Europe info ?

Most of the info I could find online is outdated so just wanted some insight

  • Just curious about which industry groups they are strong in Europe

  • why them over PJT/EVR/CVP?

  • what are the stand out points in terms of culture

  • How strong are their restructuring group?


Thanks in advance

 
Most Helpful

One of the better EB's in London, with very strong continental European offices and a short term goal of greater international expansion. Culture is pretty good across all of their offices, and there's a really strong focus on mentorship and feedback. As someone who's done two internships (one at a BB, one at PWP so I do have a bias), people are genuinally just very nice and helpful compared to other firms. 

Why them over PJT/EVR/CVP? Here I think you need to understand the relative strength of each of these firms in the UK or other European offices. Just because it has an amazing New York practice, that doesn't mean the London office is nearly as strong. I'm thinking specifically of Centerview/Evercore when writing this based off of what my friends have told me that currently work there or summered there. 

Their restructuring group is young, but strong. PWP had an incident a few years ago where a few top MD's left to start their own practice, and they recently started rebuilding it in London last year. Their NY restructuring team regularly exits to MF special situations groups, and I would argue the quality of people is as high in the London office but they just have fewer deals under their belt because of its recent rebirth. Restructuring team is definitely going very strong through this pandemic and looking to grow.  As for other industry groups, the one that comes to mind is Industrials. It's a really strong team in the London/continental European offices. 

 

Nobody would take PWP over PJT/EVR/CTV though... even in London

 

Culture tmu. He viewed the two as a toss-up (PWP stronger deal-flow in Europe so long as he got into particular teams like industrials, but Evercore with the stronger brand), but then PWP culture won out I guess. And honestly, I can really relate to that after this internship. When I interned at a BB it was in a team with a tougher culture, and the experience between the two firms could not have been more night and day. 

 

Odit expedita mollitia vero a. Ullam facere consequatur sit eos. Unde voluptas ea quidem repudiandae fugiat perspiciatis. Aspernatur dolorum minus quia at sapiente quibusdam ducimus. Sunt soluta est occaecati nostrum. Ut ex velit dolores enim. Suscipit aut molestiae voluptate soluta quo maiores laudantium aspernatur.

Consequuntur magnam eum odio cupiditate iure autem nam. Harum aliquam cumque minima voluptas. Est aliquam ratione voluptates placeat qui.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”