Top groups at PWP 2020?
What are the top industry M&A groups at PWP? Also is RX strong for MF exits? Also why do people think PWP is a pipeline for M7 MBA? What do people mean - can you get mba out of 2 yrs as an IB analyst?
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It's not just a pipeline for MBA business schools">M7, it's a pipeline to HBS due to the founders.
does that mean the Partners go to bat for you in terms of HBS recruiting? Still kinda confused as to why it is easier to get into HBS from PWP...
One of the founders is in some prominent role (something like Board of Advisors) and so his firm places extraordinarily well into HBS. If you left for PE amicably and get a letter of rec from PWP it counts a lot
I think there's a lot of misconception about PWP on this forum. Sure you can get an MBA after your analyst years but it's not common at all anymore. If that's what you want, you can certainly get into an MBA business schools">M7. Most analysts choose to exit or stay on for a 3rd year (top analysts get a promotion after 2 years). Comp is excellent at the associate level, which is actually a big factor in analysts staying on. You'll get MF interviews no matter what group you're in (except maybe the SF tech group...). I personally ran into a number of PWP guys in my MF/UMM interviews. At one super day, one of them mentioned the total class size is about 30-35 across the entire US (NY, Chi, LA, SF). Given the small size and the fact that I ran into multiple PWP guys at super days implies they must be getting interviews and doing decently well. Strongest groups would definitely be Healthcare and Rx.
what’s wrong with the tech group
wb the HC team in SF??
I’ve run into an SF HC analyst at a MF interview and other analysts in classes above me have run into SF/NY HC analysts at super days too. Can confirm that HC in both offices are strong
No personal experience with SF tech guys but have colleagues at top firms (GS/MS/Q) that mentioned they do little to no deals. Have also heard anecdotally about culture not being great..again no personal experience with them but sounds pretty consistent with their rep on this forum
How's their FIG team? Asking because PWP runs a separate recruiting process for NY FIG at the MBA Associate level (I also have a background in FIG).
And did the FIG team do the PayPal deal or would that have been executed out of SF?
I believe the PayPal Honey deal was done out of the FinTech group in New York
the paypal deal was indeed out of the fintech desk, also in collaboration with PWP SF i think, because Qatalyst represented Honey
TMT, run by Woody Young, is also known to be strong. Having spoken to members of the group, definitely more of a whale hunting group that does a landmark transaction every few years and smaller, higher volume transactions in between.
any info on PWP la?
Industrials - all the top guys are former BofA LA (on firm bios)
Absolute sweatshop, long hours for sure. Overall bad culture. Multiple analysts can confirm this. Pay is superb to keep juniors around.
I heard the opposite of this - facetime and hours not bad.
Do you have any idea how large the LA office is? As well as how exits have gone in the past?
So for NY office, consensus for PE exits (MF type):
1) Healthcare 2) Restructuring 3) TMT (mainly MT in NY)
And for MBA: not common to do mba after analyst years but option exists. HBS and PWP seem to have some sort of a relationship because of Joe Perella and Peter Weinberg.
Any other thoughts about NY PE recruiting and best groups? Also, are they receptive to pe recruiting now?
Industrials
Is it better or worse than HC? Would u rank above RX? It seems it clear that it’s HC > RX
This is accurate—industrials team is quality, in addition to having the best forestry practice on the street they have a great A&D / paper & packaging presence
PWP also owns or is partners with TPH in Houston, which is one of the top energy groups.
Bump any info on exits?
Bump any info on the industrials group?
Does anybody know how the groups work? Do the HC and TMT groups for example just do 100% M&A or are there other products sprinkled into it?
Also how does the placement process work for full time?
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