To those at EBs...

Business School in IB - Gen

Do you actually get to work on deals alongside the top dogs/namesakes at the EBs? By working alongside, I mean attending meetings, getting their perspective on the deal, etc. basically seeing them in action.

For example, MoCo (Ken Moelis, Navid, Jeff Raich), PJT Partners (Paul Taubman), PWP (Joe Perella, Terry Meguid, Peter Weinberg), CVP (Blair Effron, Robert Pruzan), EVR (Altman, etc.), you get the idea.

Forgive what may be a rookie question; I just hear a lot about Sr. Banker exposure at EBs and was wondering how senior that exposure actually went.

Comments (31)

  • Analyst 1 in IB-M&A
May 12, 2020

Yes.

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  • Analyst 2 in IB-M&A
May 12, 2020

Well, if anything I grabbed coffee a couple times with the names you have mentioned at my firm pretty surreal

Also while these guys are impressive there are also other senior partners that are just as impressive and could probably create their own shops and be successful boutiques (not EB level ofc) so yes the exposure is def there

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  • Business School in IB - Gen
May 12, 2020

Nice! That's great to hear

  • Associate 2 in IB-M&A
May 12, 2020

Analysts and associates have pitched alongside Roger Altman and John Weinberg at Evercore

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  • Business School in IB - Gen
May 12, 2020

Reallyyyy eh, that exposure must've been insane

Most Helpful
  • Associate 1 in IB-M&A
May 12, 2020

Obviously it's dependant on staffing but not at all uncommon. The big thing with EBs is that many of the founders want to be bankers (as opposed to management) , and so they really do take a lead role on deals.

When I worked with one of the people you listed here they were the sharpest person I ever worked for - incredibly insightful comments and checked the financial math in their head (no HP12C). Also was clear about big picture and the "story" we were driving at, without too much "backpocket" appendixes because they knew exactly what the client would want. It was really an incredible project to work on, though you're stressed AF the whole time because you're working for the big boss.

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  • Business School in IB - Gen
May 12, 2020

Great points, thanks for that colour - SB'ed! That sounds like a wicked experience, getting to work with the big boss himself

  • Prospect in IB - Gen
May 12, 2020

Spoke with an alumni who says they consistently work with head of IB, so yes

  • Associate 2 in IB - Gen
May 12, 2020

Yes. I have worked on several live large cap transactions directly with one of the people you listed - and he will call the associate, if he trusts them, to explain an analysis or give comments.

Funniest
  • Analyst 3+ in IB - Ind
May 12, 2020

Bro as a third year analyst at one of the EB's you mentioned my goal is to stay far from any deal with those guys. Give me a middle market private company sell side with the MD that's unresponsive after 6pm.

    • 64
May 12, 2020

this

Si vis pacem, para bellum

May 12, 2020

I feel like it's different for analysts and associates though - we're trying to gtfo but associates are actually attempting to build a reputation/find a senior to bat for them; if you get in with one of these guys as an associate you're set for a while.

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  • Analyst 3+ in IB - Ind
May 12, 2020

Fair enough. But realistically, Ken Moelis is not going to take him under his wing and within a year or two he will be just as jaded as me.

    • 4
May 12, 2020

Definitely at Moelis and PJT. I know people who've worked with all four of the guys you mentioned there. Pretty involved day to day, or at least more than I would've guessed.

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  • Business School in IB - Gen
May 12, 2020

Great to know! Sounds like unreal experience

May 12, 2020

I was at Moelis as an Analyst and did two pitches with Ken. Pretty surreal to see him in action, the pitch is won before it even starts because clients are so happy that he made it there.

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  • Incoming Analyst in IB-M&A
May 12, 2020

Ken is an absolute animal.

    • 2
  • Principal in PE - LBOs
May 13, 2020

Incoming Moelis hardo alert

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  • Intern in IB-M&A
May 13, 2020

Incoming Analyst with an offer even before the start of the summer internship, bro. He's killin' it.

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Controversial
  • VP in PE - LBOs
May 14, 2020

Tbh I'd prob take like PWC transaction advisory over Moelis. Not worth being surrounded by all the hardos

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  • Analyst 2 in IB - Ind
May 12, 2020

What about PWP? Heard Perella doesn't do that many deals himself anymore (I mean, he's nearly 80) and Terry Meguid is more of an 'advisor' to the firm on more big-picture, strategic areas. Weinberg himself is CEO so figure his work is more of a managerial nature now rather than doing deals. I'm just speculating, but curious to see if anyone has info!

    • 1
  • Business School in IB - Gen
May 13, 2020

Also interested

  • Analyst 1 in IB-M&A
May 13, 2020

the ceo of another eb is still on deals.

May 14, 2020

Peter Weinberg does remain involved in client dialogues across a variety of industries. Bob Steel is another very senior PWP banker who remains pretty active in select client situations.

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  • Intern in IB-M&A
May 13, 2020

I smelled a fart of one of the senior guys you mentioned. It was just the two of us in the room so I am pretty sure it was him. Exposure at its best.

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May 15, 2020

Joey PU

May 14, 2020

in my first year, I had an idea for a deal I thought a client might like and raised it directly to one of these guys in an email. Within a week, he'd called me almost everyday to refine it and then put me directly in front of the client to pitch the idea. After that, I knew I could tell him anything and he would at least listen.

    • 2
May 14, 2020
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May 16, 2020