Future exit opps from activism defense at a top BB (GS/JPM/MS)? Interested in PE down the road, and don't know much about the group as it is new.
| +86 | [2026 - October] Unbiased Prestige Rankings | 52 | 4h |
| +86 | Who is the final boss in Houston Energy? (GS, JEFF or EVR) | 19 | 2h |
| +71 | You should probably leave IB | 26 | 13h |
| +45 | Why Do We Turn Comments? | 10 | 1d |
| +44 | McK vs A&M Offer Decision | 24 | 9h |
| +43 | Tomorrow Will Be Better | 5 | 3d |
| +41 | Moelis PCA vs Lower tier BB Coverage | 30 | 6h |
| +24 | How much should you ask questions / seek feedback as an intern? | 8 | 20h |
| +23 | UBS IB #24 in US M&A in 2026 | 8 | 8h |
| +22 | UBS’s Investment Bank Is Building an AI Slop Factory | 3 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
bump
All three have mediocre Activism defense teams. The top bank by far is Evercore, after they poached Bill Anderson (who used to be at GS) a few years ago. Lazard is also a great player in the space.
From what I understand, exit opps at the above firms are very variable. You’re not doing any modeling, so it would be hard to exit to PE. Have seen people lateral to a coverage group after one year.
Initially I thought shareholder advisory and activism defense would be a good starting point for going into an activist hedge fund, but I don't think the actual work day-to-day is comparable enough. It's certainly a growing group in various banks, led by the elite boutiques as part of their advisory services, but it's still a little early to know for sure what the group can launchpad into.
I think if you work in this space and earn the CFA designation in the process, you'll be set up quite well, but it's hard to say exactly what exits.
Anyone know what lifestyle would be like in shareholder advisory / activism defense at Evercore or Lazard? Hours / Culture comparable to coverage group or much less?
Voluptas asperiores error est rem. Aperiam nostrum ducimus sed voluptatem sed deleniti.
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...
Aut odio quia temporibus sit minus. Magnam quibusdam molestiae explicabo dolorem vitae magni vero tempore. Veritatis occaecati dicta quae id sit. Dolor beatae mollitia omnis deleniti eveniet repellat id.
Ut perspiciatis pariatur eius possimus aut modi voluptas molestiae. Delectus velit qui molestiae illum. Qui eum non culpa.