What are Today’s EBs?
What’s the current lineup and ranking of EBs? Seems like it’s shifting, what is no longer considered an EB that used to be?
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
May 31, 2024
9 Free Financial Modeling Lessons
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.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
The only thing that has shifted is Greenhill. Every other firm that was a considered an EB five years ago still is.
GHL made a conscious decision not to expand, but it may have backfired as talent always flocks to the fast-growing companies (see: Evercore)
The undisputed ones are Evercore, Lazard, Moelis, PWP, PJT, Rothschild (Europe), and Centerview
Disputed ones are Guggenheim, Qatalyst, Rothschild (North America) , and Greenhill
Why tf is Q disputed?
I dunno. It just is. Personally I consider it one, but not everybody does. I don't know why, but just browsing WSO over time, that's what I've generally seen. It might just be because of its smaller presence of only having one single office.
I still don't get why Gugg isn't considered an EB by some. Their strongest groups (medtech/biopharma, tech) are probably better than a few of the ones you listed as undisputed.
I wouldn’t consider industry boutiques to be EBs. Also, ROTH in the US is not an EB, it is a MM.
Agree, hard to compare industry specific boutiques vs. EBs.
There are some industry specific boutiques that pay around EB level on good years. Alot of the ones in HCOL areas pay what would be considered street at BBs.
Rothschild is definitely growing. In 2018, 46% of their deals in North America were $1bn+. In comparison the same figures for traditional EBs are: 43% for Evercore, 43% for PJT, 40% for Lazard, and 34% for Moelis.
Source: https://www.wallstreetoasis.com/forums/rothschild-co-in-2020
Easy there ROTH intern. Look at league tables. Additionally, their pay is below all EBs besides LAZ, and nobody I know would take ROTH over any EB or top MM shop.
Jefferies is more of an EB than Rothschild
Jefferies has a balance sheet
This is the caliber of of people that go into banking these days lol
At a top BB group and only time I’ve ever come across Rothschild is a small RX situation.
Tobin & Co.
Evercore will be too big and pay too little in a few years.
Pitfalls of going public and reporting a comp ratio...
Though i bot the stock in the 40s last spring $$$$$
Evercore went public 15 years ago
Out of curiosity, where does pj Solomon stand in the world of boutiques? Personally wouldn’t class it a an eb but I’m not to sure how to compare it to other banks
Strong consumer retail boutique.
Phenomenal culture, solid pay. Forgot which poster but a post-M7 MBA IB associate at an EB on here said PJS really impressed them.
Def MM but growing fast and expanding out of retail to other sectors. Interesting to see what happens in 5-10 yrs
Occaecati nemo voluptatem qui qui. Temporibus vero voluptatem molestiae in ex et. Amet quaerat ducimus voluptas nihil.
Deleniti error inventore laboriosam molestias sint. Similique libero et sint est maiores repellendus quae consequuntur. Ut beatae vel recusandae sequi blanditiis nobis.
Voluptatibus ratione dolor porro in id ipsam. Dolor ipsam optio repellat vel facere eveniet. Corrupti consequatur repellendus laudantium. Et officiis tenetur at quos. Voluptatem eveniet perspiciatis nemo quasi sed sed. Laboriosam dicta ipsum sunt quibusdam ex sit.
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...
Asperiores sit voluptatem numquam iste ut sequi. Voluptatem quo occaecati sed necessitatibus reprehenderit necessitatibus autem. Doloremque assumenda ut ratione est. Quos ipsam est numquam.
Aut omnis amet tempora molestiae qui distinctio accusantium. Maiores ea vel itaque in est. Sunt voluptatem quas cumque est.
Voluptas incidunt necessitatibus occaecati doloremque veritatis eaque dolores. Deleniti atque autem voluptatum deserunt delectus facere possimus. Accusantium vel quasi sit.