Comments (224)

Best Response
Jun 7, 2012

Working you to death.

"Look, you're my best friend, so don't take this the wrong way. In twenty years, if you're still livin' here, comin' over to my house to watch the Patriots games, still workin' construction, I'll fuckin' kill you. That's not a threat, that's a fact.

    • 4
Jun 7, 2012
Will Hunting:

Working you to death.

Definitely what I heard, too.

    • 1
Jun 7, 2012

lol thanks for that. What about the line of business? I heard they are good in restructuring but was wondering if anyone can give a little more insight.

Jun 7, 2012

Rapid expansion...joking, but they did hire more than they should have. They're still a good firm.

The last I heard, they are not organized into dedicated teams. They want to be able to pivot according to deal flow, shifting people from M&A to restructuring and back. Therefore, the whole firm = sweatshop.

Jun 7, 2012
West Coast rainmaker:

Rapid expansion...joking, but they did hire more than they should have. They're still a good firm.

The last I heard, they are not organized into dedicated teams. They want to be able to pivot according to deal flow, shifting people from M&A to restructuring and back. Therefore, the whole firm = sweatshop.

Wouldn't that be a great experience though, being able to work on a variety of types of deals?

Jun 7, 2012
Rambo:
West Coast rainmaker:

Rapid expansion...joking, but they did hire more than they should have. They're still a good firm.

The last I heard, they are not organized into dedicated teams. They want to be able to pivot according to deal flow, shifting people from M&A to restructuring and back. Therefore, the whole firm = sweatshop.

Wouldn't that be a great experience though, being able to work on a variety of types of deals?

Yeah, I like that aspect of the firm. But, to agree with above posters, LA is far stronger.

Jun 7, 2012

Coming in second to Houlihan in restructuring :)

They're really good and I hear they do work you hard but they also pay you really well. Above street comp. Same with Chanin and a few other of the restructuring specific guys.

Mainly known for restructuring - I think their M&A etc. is middle mkt stuff mainly, good at what they do but restructuring is the real gem.

if you like it then you shoulda put a banana on it

Jun 7, 2012
frgna:

Coming in second to Houlihan in restructuring :)

They're really good and I hear they do work you hard but they also pay you really well. Above street comp. Same with Chanin and a few other of the restructuring specific guys.

Mainly known for restructuring - I think their M&A etc. is middle mkt stuff mainly, good at what they do but restructuring is the real gem.

First I've ever heard of Moelis coming second to Houlihan in restructuring (above BX/LAX). Always wondered how people ranked these firms?

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Jun 7, 2012

restructuring

they are pretty up there with other shops hl, lazard, roth etc

Jun 7, 2012

legacy tech relationships and restructuring. you want to be in LA not NYC/London

Jun 7, 2012

Houlihan is number one only for sell-side restructuring. Moelis places behind them in that metric.

Jun 8, 2012
APAE:

Houlihan is number one only for sell-side restructuring. Moelis places behind them in that metric.

Small correction, but it's creditor-side restructuring, not sell-side restructuring.

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Jun 8, 2012
South Sea Tulip:
APAE:

Houlihan is number one only for sell-side restructuring. Moelis places behind them in that metric.

Small correction, but it's creditor-side restructuring, not sell-side restructuring.

Correct, creditor side. Lazard and BX are always tops for debtor.

if you like it then you shoulda put a banana on it

Jun 8, 2012

media & comm

Jun 8, 2012

For being ridiculously overrated on this forum...joking. It is a good firm with good M&A deal flow (mostly middle market though..not nearly as many mega deals as firms like Lazard or Evercore..not saying this is bad) and a great restructuring practice. However, as above posts point out the firm has expanded at a somewhat disorganized pace and most of its current reputation is based on its former UBS LA glory.

I heard analysts are exposed to great exit opps though. In fact, to aspiring monkeys, that is basically what the firm is best known for: Great exit opps to big PE firms. Although, I'm not sure if that is still the case..

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Jun 8, 2012

I have heard Moelis has great exit opps and a good financial sponsors team for not having a balance sheet (advising THL Partners on the $2.7bn Party City deal on Tuesday and the $1.0bn+ dividend recap of Savers with Leonard Green & TPG yesterday).

Jun 8, 2012

known for MDs actually pushing resumes and helping analysts exit to the buy side. Better for the business given the fact that this industry is primarily based on relationships. More connected associates to the buyside = potentially more deals for Moelis in the future.

Know couple of alums who have done this lately. But I think alot of the deal flow is diluted lately (but where isnt nowadays?!)

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Jun 8, 2012

working you into the ground for 2 years, paying very well to do it then hooking you up with a unreal gig afterwards.

Jun 8, 2012

Does Ken have a son with tourette syndrome or something?

Jun 8, 2012

if they aint got a balance sheet, i aint f*cking with 'em

decent enough advisory shop..can anyone comment re: their turnover?

understand that Ken Moelis > Moelis & Co.; just like Centerview Partners > MoCo.

Perella Weinberg is better as well

I'm making it up as I go along.

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Jun 9, 2012

A couple of posters already point it out, but wanted to reiterate that Moelis, Lazard and Houlihan are top for debtor-side restructuring. For those who don't know, bulge bracket banks are essentially not able to play in this space because they're conflicted in the majority of cases.

If, as an analyst, you're able to work on both, M&A and restructuring deals, it gives you a lot of optionality in terms of career path forward. A lot of people will probably disagree with me, but i generally think that M&A prepares you the best for private equity jobs, while restructuring and leveraged finance (depending on the shop) prepare you well for distressed debt hedge funds. If you can find a job where at the end of your 2 years, you master the skill-set that's required for both PE and distressed debt, then you have a lot of freedom in terms of picking your career. There's not a lot of groups on wall street that will prepare you to have this many options.

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Jun 9, 2012

I have heard a lot of inside stuff that the firm rides its UBS LA legacy quite a bit. And, as many of us have heard, UBS LA was a virtual concentration camp when it came to work environment....

Jun 9, 2012

he's known, to us, for his kickin beach house

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Jun 9, 2012

For being a Foxconn subsidiary.

The only person I know there is headed to Bain Cap, so buy-side placement does not seem to have faltered.

Jun 9, 2012

No idea about NYC, but LA analyst placement is still unbelievable, always 100% placement with heavy representation at TPG and Silver Lake

Jun 11, 2012

Agreed with giantsfan2011

Jun 8, 2016

What are the thoughts on Moelis' capital markets group? Can't imagine it would be that great of an experience given the lack of a balance sheet and looking at the website's advertised transactions (http://www.moelis.com/our-offering/capital-markets...) seems like it would just be dealing with a lot of smaller sized equity deals, private placements, and limited IPOs...any insight would be appreciated, interested to hear how a boutique's capital market group operates and how the analyst experience would be different from working at a BB or large Canadian bank + what the exit opps might be (or lack thereof).

Jun 8, 2016

another why do people hate on ....... thread

lol

Jun 8, 2016

people hate on everything and everyone.... even GS

Jun 8, 2016

cant tell if you are mocking the jeffries thread...

Jun 8, 2016

wasn't intended for mocking...was supposed to be serious

Jun 8, 2016

People here hate on Citi, UBS, Jefferies and the list can go on and on.. If you didn't go to an ivy league school and are not working at GS, you will find people on WSO who will tell you that you suck. Use your own judgment considering the fact that a vast majority of posters here have no significant work experience.

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Jun 8, 2016

And stop changing your username every second day.... bankers have attention to detail.

Jun 8, 2016

because they are so over rated

Jun 8, 2016

Good catch advisory88... this kid's original username was hahaha or some stupid sht... all he does is pumping up / feeling insecure about his summer analyst position at Moelis. metalasian is another dude that does the same thing. Just wait a month.. pretty sure I could find out who you are with a phone call.. Stern, Moelis SA, Asian. Got it.

Jun 8, 2016
bunkerbanker:

Good catch advisory88... this kid's original username was hahaha or some stupid sht... all he does is pumping up / feeling insecure about his summer analyst position at Moelis. metalasian is another dude that does the same thing. Just wait a month.. pretty sure I could find out who you are with a phone call.. Stern, Moelis SA, Asian. Got it.

Chill. I asked questions about Moelis when I was being recruited by them. Because I had the chance to talk to a lot of Moelis people during the process, sometimes I contribute on this website when the topic arises.

Frankly, I could care less for what firms' reputations are on this website; for me, this website served its purpose during recruiting. If you want to put down Moelis here, you're free to say whatever you want - it's a forum. I'm not going to stop you.

And yes I'm asian, I'm glad you had the ability to infer that from my screen name.

Jun 8, 2016

People hate on shit here because they are 18 year old kids. Honestly, I am sure than the real bad ass Wharton and Harvard kids are no spending their time on WSO bashing stuff. The ivy league kids who come on here bitching and moaning like little girls probably make up the bottom part of their respective schools or have zero personality.

Jun 8, 2016

+1 Anthony. I have friends who work there and I can tell you it's a quality shop. But please do realize it would also be very easy for me or other people to point them to your stupid posts here. Going through your post history, it is easy to determine that you are not a born American citizen (don't want to out you, so I'll leave it at that). I don't want to get too far wit this, but I can make one call and figure out who you are in the next 10 minutes-- if I want to. Not to mention that the consequences could be bad for you. I am not going to do that because I am not a complete asshole. Keep a low profile and stop worrying about what sophomores on this site think.

To all prospective interns- You guys are easily replaceable, so unless you have that FT offer, keep your head down. If people know who you are and can trace history on here, I don't see it helping you get that FT offer. People get dinged for minor infractions all the time.

Not trying to be rude, but an insecure bitch like you doesn't belong at any firm on the Street. I am sorry for my tone, but you really do come across as a pussy.

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Jun 8, 2016

The fact of the matter is, Moelis isn't as amazing as some people on the board make them ought to be. Probably not as established as a Greenhill / Evercore or even Perella / Centerview / Allen & Co. / Rothschild for M&A as they lack blue chip clients. At the same time, it is a quality shop that has had tremendous PE placement and restructuring deal flow and is expanding aggressively into the ECM game (co-managing several deals right now). Yes M&A is lacking but they still have time to fix that.

However, how good Moelis is for YOU depends on YOUR own experience. If you don't like it, having Moelis on your resume will definitely help you during full time recruiting because it is a respected place. A dumb piece of sht from Moelis LA who could barely count numbers got an offer at a top BB (GS/MS). So be happy that you got the fuking offer, work your ass off over the summer, make people like you, get a return offer, shop that sht around if you didn't like your experience, and you'll be well on your way to rich and success. Quit posting stupid sht on this forum and changing your username to try to stay anonymous.

Jun 8, 2016
bunkerbanker:

The fact of the matter is, Moelis isn't as amazing as some people on the board make them ought to be. Probably not as established as a Greenhill / Evercore or even Perella / Centerview / Allen & Co. / Rothschild for M&A as they lack blue chip clients. At the same time, it is a quality shop that has had tremendous PE placement and restructuring deal flow and is expanding aggressively into the ECM game (co-managing several deals right now). Yes M&A is lacking but they still have time to fix that.

I know the last UBS LA class had phenomenal PE placement, but how has placement been for the analyst classes since Moelis was formed?

Jun 8, 2016

People really need to learn a magical word -- it's called appreciation. I read so many posts with people bashing this, trying to make whatever they are doing sound like it's the best in the world, feeling so insecure, etc. Makes me sick. Moelis is a fine shop and a great name, be glad you are not working ops or something. You have to take whatever you get and make it work, life is inherently unfair. Stop pissing and moaning about it and get aggressive.

I said to a friend once how if I ran a school I would have no OCR. My reason being is it is the difference between being fed and going out and killing you're meal. I really wonder how bad ass all the Harvard and Wharton people would be if they didn't have every shop under the sun hitting them up. Just saying there is really something to be said about being aggressive, fighting for something.

One side note/rant. Every time I hear this crap about how a non target kid is assumed to be less than a HWS kid makes me want to throw up. As if accounting 101 at whatever target is magically better or something. Actually being better and being perceived as being better are two VERY different things. I really think a lot of people need to stop drinking the kool aid and shut their mouths and open their ears.

Frankly, my time on this site has changed my opinion on "target" kids in general and the whole banking industry. Not for the better I might add.

Jun 8, 2016
AnthonyD1982:

I said to a friend once how if I ran a school I would have no OCR. My reason being is it is the difference between being fed and going out and killing you're meal. I really wonder how bad ass all the Harvard and Wharton people would be if they didn't have every shop under the sun hitting them up. Just saying there is really something to be said about being aggressive, fighting for something.

If only it were that simple. The UK, for instance, has no technical OCR, but that doesn't mean that banks don't stop by OxBridge, LSE, Imperial, etc every week; they just do it under different auspices.

There was a post earlier this week on "Why do Harvard kids go in to banking..." and OCR (official or not) is definitely a major part of that; kids who would never have considered banking eventually change their mind when they hear how awesome it'll be for the 500th time.

Jun 8, 2016

Regardless of who it is compared to, it is plainly obvious that boutiques have become the favored place to work over the BB's since you don't have the government riding your ass everday over what car you drive, how many rounds of golf you played last weekend and where you go on vacation. There should be a new ranking category that just compares boutiques

Jun 8, 2016

but calling them "the new Goldman" is ridiculous.

Jun 8, 2016

tru dat hood rat. Goldman is much more than a bunch of investment bankers with animal print ties.

Jun 8, 2016

it's way too much to me as well...

too early to compare Moelis to Goldman....
Goldman is a legend in Wall Street!

P.S: believe me or not, I have never worked for Goldman... but we have to aknowledge the truth!

Jun 8, 2016

Valid point, boutiques now seem more attractive than most BBs.
However, one must keep in mind that boutiques only offer M&A and related services, whereas I assume Vault rankings interview people from S&T a.o. as well...
For example, I don't expect a forex trader from DB rating Evercore more prestigious than SocGen, although this is certainly the case for M&A.

Jun 8, 2016

Boutiques will never take the place of the BB unless they make the extensive global push like Lazard has done, and that quite frankly is far fetched as by convention they target specific niches within the market. This crap is seriously overrated. Give us a break. Most BB will end up paying back the cash and most can within the next 1-2 years; other BB in Europe have not even taken any i.e. CS, BARC, DB. If you look at hiring raids for top talent, it isn't simply the "boutiques"; look at Nomura raids, or Barcap raids, or DB raids; do you understand the sort of guarantees they are giving new hires? Not trivial in my opinion.

Jun 8, 2016
glowinthedark:

Boutiques will never take the place of the BB unless they make the extensive global push like Lazard has done, and that quite frankly is far fetched as by convention they target specific niches within the market. This crap is seriously overrated. Give us a break. Most BB will end up paying back the cash and most can within the next 1-2 years; other BB in Europe have not even taken any i.e. CS, BARC, DB. If you look at hiring raids for top talent, it isn't simply the "boutiques"; look at Nomura raids, or Barcap raids, or DB raids; do you understand the sort of guarantees they are giving new hires? Not trivial in my opinion.

Jun 8, 2016

Moelis is a solid boutique, no question. But the "new Goldman"? Give me a break.

For all the talk of boutiques taking over the world, if you look at the biggest deals going on, you might find 1 boutique advisor, and then 3 BBs. Boutiques will never be able to supplant hte BBs unless TARP restricts all compensation, just because M&A advisory for most companies involves more than just the advice (think financing, ability to round up capital, etc).

Jun 8, 2016

Glowinthedark,
your probably right about them not taking the place of BB, but Boutiques are looking like the best way to go right now. There are a couple different factors that can be discussed about each ones pros and cons.
PM if you are interested in chatting about it further.
:-)

Jun 8, 2016

I can see why SENIOR guys would want to jump to boutiques (options are essentially worthless now, pay ceilings likely to come), but at the junior level, the argument for bb v. boutique remains the same. Depends on what you want. As for Moelis being the "new goldman", that's complete bullshit. There is only one goldman. Just like there is only one michael jordan. This kind of crap isn't uncommon:

http://www.portfolio.com/views/2009/04/24/JP-Morga...
But like I said, I think its crap. Goldman is goldman, period. And Moelis might be up-and-coming, but it's still a new and relatively unproven firm. In terms of prestige I wouldn't put it above any BB (BoA and Citi excluded, although I imagine some would even argue that these failing institutions still carry more prestige than a relatively unknown boutique).

Jun 8, 2016

Moelis is not looking to turn into the next Greenhill, Evercore, or Blackstone M&A -- they don't give a rat's ass about the "boutique" model in the everyday definition of the term.

Moelis wants to do what Lazard is too afraid of doing: they want to really solidify their advisory (M&A/restructuring) roles and then build upon the success of that platform by adding capital markets operations and other non-advisory arms. Moelis himself has said this in numerous interviews - they want to be a FULL-SERVICE investment bank, not just some "boutique" that does mom-and-pop M&A deals. While way too premature, the comparisons to Goldman aren't that farfetched.

You're witnessing it right now. I interviewed with them not too long ago and heard it from the horse's mouth: their MD pipeline is stacked with a capital 's'. They are really fleshing out their restructuring group and continuing to add M&A bankers for when the market recovers. That's only Phase 1. Over the next 12-18 months, you're going to see more Moelis hires into non-advisory roles -- they hired Petrosino from Bear, who used to run lev fin. With these senior hires, I strongly suspect Moelis to not only continue to do advisory work but some large scale financings as well.

Jun 8, 2016
GSmonkey:

Moelis is not looking to turn into the next Greenhill, Evercore, or Blackstone M&A -- they don't give a rat's ass about the "boutique" model in the everyday definition of the term.

Moelis wants to do what Lazard is too afraid of doing: they want to really solidify their advisory (M&A/restructuring) roles and then build upon the success of that platform by adding capital markets operations and other non-advisory arms. Moelis himself has said this in numerous interviews - they want to be a FULL-SERVICE investment bank, not just some "boutique" that does mom-and-pop M&A deals. While way too premature, the comparisons to Goldman aren't that farfetched.

You're witnessing it right now. I interviewed with them not too long ago and heard it from the horse's mouth: their MD pipeline is stacked with a capital 's'. They are really fleshing out their restructuring group and continuing to add M&A bankers for when the market recovers. That's only Phase 1. Over the next 12-18 months, you're going to see more Moelis hires into non-advisory roles -- they hired Petrosino from Bear, who used to run lev fin. With these senior hires, I strongly suspect Moelis to not only continue to do advisory work but some large scale financings as well.

When are they planing to start building their capital markets?

Jun 8, 2016
GSmonkey:

Moelis wants to...build upon the success of that platform by adding capital markets operations and other non-advisory arms.

With these senior hires, I strongly suspect Moelis to not only continue to do advisory work but some large scale financings as well.

You said it right there, and it's complete bullshit. MAYBE, in 5-10 years they will have some sort of capital markets business, but to say that these guys (or any boutique for that matter) are going to usurp a powerhouse like GS is as ridiculous as saying Obama doesn't flip flop on issues.

Jun 8, 2016

Oh, and btw, yes, I know LAZ has a capital markets arm but they're really not a big player in the space. Everyone knows their bread and butter is advisory work -- LAZ CM is more a formality than anything else, esp relative to the prestige of their advisory group.

Jun 8, 2016

Being called "the new Goldman" was from the bankers who compete for deals on a daily basis. Goldman is known to have the aggressive ambitious type of behavior when competing for deals and I think Moelis has the same aggressiveness.

Other bankers have probably felt that they resemble Goldman in that aspect when pitching or sourcing deals. So in terms of having the same first rate culture I think Moelis can justifiably be compared to Goldman.

Jun 8, 2016

Moelis left UBS because they weren't lending aggressively enough. After he left, UBS did what Moelis wanted to do - built a huge HY/loan pipeline and get into MBS/ABS. UBS got hit because they couldn't syndicate - if Moelis' practice had been running ~2 yrs earlier, he would've gotten hit too.

Building up both restructuring and M&A might yield a more resilient business that the standard BBs, but it sounds like Moelis is making the same idiot mistake banks always make - hiring too many people and trying to be too many things to too many clients.

I agree that boutiques will become more popular because they're reliable and don't overextend. Moeiis may attract a lot of top talent right now, may even grab a lot of business and develop into a BB. But then they'll make the same mistakes most BBs have made - Goldman isn't even Goldman anymore. And I think Moelis is also inflating themselves - prime example is all the shitty senior UBS credit people they've taken.

Jun 8, 2016

good boutique, but does name "new goldman" remind anyone of this list?

http://www.newsweek.com/id/39401
its like calling a small liberal arts school the new harvard.

Jun 8, 2016
ws67:

good boutique, but does name "new goldman" remind anyone of this list?

http://www.newsweek.com/id/39401
its like calling a small liberal arts school the new harvard.

Exactly.

Regards.

Jun 8, 2016

Moelis is a good firm. Ken Moelis is a great guy. They are certainly on the rise.

But before we compare Moelis to Goldman, shouldn't we first compare Moelis to its current peers in its bread and butter of M&A Advisory?

Take a look at Q109 M&A League Tables: http://www.thomsonreuters.com/content/PDF/financia...
Look at Worldwide Completed: Lazard, Rothschild.
US Completed: Greenhill, Macquarie.
Worldwide Announced: Evercore, Lazard, Rothschild, Blackstone.
US Announced: Lazard, Greenhill, Evercore, Rothschild, Perella Weinberg, Gleacher.

Now, I know that any of you who look at the Q2, Q3, Q4 2008 League Tables in 08 will immediately note the presence of Moelis in all of them. However, isn't it a little surprising that "the new Goldman" didn't place at all in Q1? Perhaps a fluke, but still, leaves something to be wondered...

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Jun 8, 2016

Full-service investment bank?? Are you kidding me? Maybe in 30 years.

If you seriously think that all there is to starting capital markets operations is hiring a couple of MDs with experience in LevFin, you clearly have no idea how investment banks do business.

Jun 8, 2016

There must be a lot of Moelis kids here BC a lot of people on this board try to talk them up so much. For my 2 cents, the analysts that I know at Moelis are really not impressive at all (frankly they are sub-par).

Jun 8, 2016

Full-service investment bank?? Are you kidding me? Maybe in 30 years.

Strong unaware brah. I also never implicated that the process was going to happen overnight - of course, it'll take awhile. I guess "reading comprehension" skills aren't really a prerequisite to community college, right xqtrack? Jokes, jokes...

"Building a premier global franchise is a top priority for Moelis & Company," said Ken Moelis, Chief Executive Officer of Moelis & Company. "In addition to Mark's extensive client relationships and advisory expertise, he is an outstanding builder of businesses and the ideal person to lead our efforts in Europe. Mark's appointment is an important step forward as we build a global full service investment bank and continue to provide superior advice and solutions to our clients."

http://www.businesswire.com/portal/site/home/perma...

Jun 8, 2016

If you seriously think that all there is to starting capital markets operations is hiring a couple of MDs with experience in LevFin, you clearly have no idea how investment banks do business.

Please show me exactly where I said that all you need to start having a capital markets practice is a levfin guy.

Seriously. Where?

Jun 8, 2016

It's complete bullshit to think they'll add a capital markets arm?

Moelis is the chesty girl you saw walking around gym class in HS -- top heavy, but disappointing when you go down. I agree that the junior level guys aren't nearly as impressive as BB analysts simply because BB recruiting still > boutique recruiting. More times than not, GS/MS and the rest of the bulges will recruit more talented kids than GHL, EVR, Moelis, or any boutique -- even in this market.

Jun 8, 2016

To clarify--I don't doubt that Moelis and Co. wants to be a full service ibank. I also don't doubt that they will be able to start capital markets operations relatively quickly.

The only thing I doubt is that those operations will come anywhere close to rivaling Goldman or any other BB, at least not in the next 30 years. Calling yourself a full service investment bank and actually rolling with the big dogs are two entirely different things. Broadpoint, Jefferies, Raymond James and the like are all "full-service", but if you mention them in the same breath as GS/MS/JPM, you'll get laughed out of the room.

And even if I went to community college, I wouldn't feel bad about it. That's one of the joys of being a secure, well-adjusted adult.

Jun 8, 2016
xqtrack:

To clarify--I don't doubt that Moelis and Co. wants to be a full service ibank. I also don't doubt that they will be able to start capital markets operations relatively quickly.

The only thing I doubt is that those operations will come anywhere close to rivaling Goldman or any other BB, at least not in the next 30 years. Calling yourself a full service investment bank and actually rolling with the big dogs are two entirely different things. Broadpoint, Jefferies, Raymond James and the like are all "full-service", but if you mention them in the same breath as GS/MS/JPM, you'll get laughed out of the room.

And even if I went to community college, I wouldn't feel bad about it. That's one of the joys of being a secure, well-adjusted adult.

I think it is questionable whether Morgan Stanley belongs in the same class as JPM and GS.

Jun 8, 2016

Touche, xqtrack. Apologies for the CC crack.

Calling yourself a full service investment bank and actually rolling with the big dogs are two entirely different things. Broadpoint, Jefferies, Raymond James and the like are all "full-service", but if you mention them in the same breath as GS/MS/JPM, you'll get laughed out of the room.

Agreed.

Jun 8, 2016

Does Moelis has S&T department? I thought S&T is the revenue generating machine of Goldman

iluvseamless:

Thoughts?

Underlining just how far the bank has come in such a short time, respondents of Vault's 2009 Banking Survey--which asked hundreds of bankers to rank the prestige of banks they compete against--called Moelis "the new Goldman Sachs," saying it "might be the best place to work on Wall Street."

http://www.cnbc.com/id/30699636

Jun 8, 2016
Jun 8, 2016

Their placement, especially from LA, is excellent. Last year, I do not believe anyone had better exits than that office.

Jun 8, 2016

Cashcow, how can you ask for advice and then give out such misleading information? I think you're living in the past and your statement is wrong.

And to the op, you post dozens of threads comparing this bank vs that and asking about reputation and prestige. There are multiple threads that already discussed every bank you've compared and contrasted. The search button is to the top right.

Jun 8, 2016
Jun 8, 2016

OP - do a google search or go on Bloomberg. You must be naive to think that they have done 0 deals. If you know anything about restructuring, you would know that they did exceptionally well last year. M&A was slow in general last year, but they did see some action.

Jun 8, 2016

Very misleading considering the way you phrased your post, which is why I said you are living in the past. The op cares about current events, not the legendary UBS LA class. Why don't you check out the thread on this year's Moelis exits.

Jun 8, 2016

nextbigthing, they did nothing in M&A. What are you talking about? As far as restructuring, it's a complementary skill set and anyone going to Moelis to do just restructuring is pigeonholing himself. Plus, you think an analyst really does much in a restructuring project? I've had experience with restructuring projects at a BB's Lev Fin group and they involved laboring through the offering circular.

Yea M&A was slow in 2009 but Evercore, Greenhill, PWP, Centerview, Rothschild, etc. still had excellent years. Moelis has absolutely no coverage. Prime example is the healthcare team there, Rick Landgarten, the former head, disliked the culture so much that left after 3 months and now its just a patched together group. Ken is more of a marketer than a banker. People working there are miserable.

They also don't pay well. Street at best. Check how much the elite boutiques are paying their analysts and the check Moelis's pay.

The only thing going for the analysts are the prospect of mega fund placement but I guarantee you if they don't pick it up on the M&A side quality PE shops will not knock on their door. Reputation only gets you so far.

Also, this year's class is going to be more than 15 people. You really think all 15 will get exit ops?

Jun 8, 2016

I agree with cluelessbanking. Moelis is the MOST OVERRATED boutique on this forum...why so many college kids get hard on when they talk about Moelis? They did absolutely nothing in M&A space last year (09) and we've seen no pick up in the dealfow so far this year...The placement CashCow was talking about was a result of UBS LA legacy. Culture is awful, pay is below Street, and analysts do tons of pitching.

Jun 8, 2016

.

Jun 8, 2016

I don't know anyone at Moelis so I can't make any kind of conclusive judgement about their placement. However, I was looking at the website for a MM sponsor named Harvest Partners and saw an ex-Moelis guy on their team page. So they aren't all just going to megafunds.

Jun 8, 2016

Well, the link I posted is for the most recent class.

We'll have to wait until the summer to see how the next class places, but I highly doubt a place goes from placing 5/6 analysts into megafunds to placing horribly.

Are you really telling me that Moelis has pretty much collapsed in the past year?

Jun 8, 2016

Keep in mind that even at GS IBD, maybe 20% place into megafunds in a good year.

Jun 8, 2016

A number like 20% across IBD is meaningless because placement depends a great deal on what group you're in. GS TMT has much better placement than a mediocre IBD group.

Jun 8, 2016

forget about Ghl/GridCo/Laz, i would pick centerview, perella, and other boutiques over them

Jun 8, 2016

Ironically, I am actually very happy to hear that you believe Moelis la is going downhill... more potential exit ops for me

Is UBS LA also going downhill?

Jun 8, 2016

So what happened with MoCo, exactly? When they first opened up they seemed to be doing very well. Then the financial crisis hit, which looked like an opportunity for them to expand, which they did....but the business hasn't followed.

Jun 8, 2016

MoCo is doing incredibly well. They are probably better than Greenhill.

Jun 8, 2016

^ Nice new account.

Anyways, Cashcow you're wrong, the most recent class actually did not have good exit ops. It's quite simply they took a very talented group of kids one year and now everyone with talent has left. You can basically say it's a shell of its former self, which goes the same for UBS LA.

Jun 8, 2016

So what is best in LA now?

CS, then GS and MS, then Moelis and UBS?

Jun 8, 2016

I'm on west coast and the big names like GS/MS/JPM/BAML are pretty big players out here. Moelis/UBS are former shells of themselves and would bring up the rear. UBS's FSLF team out here recently disintegrated. This is for SF and LA (west coast in general).

Jun 8, 2016

I guess that's what you get when you start a bank during a recession.

Jun 8, 2016

PWP and Centerview started around the same time and are performing quite well, so can't blame the lack of success at Moelis on timing. PWP is already a very strong player in Europe, especially France and Centerview is the best consumer shop on the street.

Jun 8, 2016
cluelessbankinghopeful:

PWP and Centerview started around the same time and are performing quite well, so can't blame the lack of success at Moelis on timing. PWP is already a very strong player in Europe, especially France and Centerview is the best consumer shop on the street.

Well, let me theorize here... A better economy --> easier for a bank to make deals happen, so I think the downturn is mostly to blame. Some banks will succeed during tough times (those you mentioned), some won't (Moelis), and each to varying degrees. Since that degree was large for Moelis, there seems to have been a problem with them specifically (someone enlighten me here), BUT, considering the extreme cyclicality of M&A, surely the economy played a dominant role.

Jun 8, 2016

MoCo is seriously damaging on restructuring. Do you not follow economic fundamentals?

Jun 8, 2016

What do you mean damaging? They had one significant restructuring mandate, Dubai/MGM. They squeezed in last minute on Dubai because they are doing MGM and Dubai World owns a large chunk of MGM. Rothschild is doing the bulk of the work on Dubai anyway with Deloitte helping out.

They did miss on CIT and GM. Evercore did not.

Jun 8, 2016

Sure, the M&A market is cyclical, but that doesn't mean companies are not doing deals. IF you have good coverage on an industry, you WILL do deals in that industry. Consumer products is arguably the most cyclical industry out of all of them and was suffering during the downturn, but there were still deals done in 09, Pepsi and Kraft/Cadbury. PWP was on one and Centerview was on both. We saw 3 MEGA healthcare deals in 09. If Moelis had industry coverage, they would have been on one of them. Evercore and Greenhill did just that.

Furthermore, the whole point of having a restructuring business is to combat the up and downs in the M&A market and still bring in cashflow for the firm. As stated above, Moelis missed on two of the biggest restructuring deals we have seen this past decade.

So you tell me where the money is coming from. They hired 100+ people over the last year or so. How will they be paid? If they are not paid, they will surely leave. We have already seen that at Moelis.

Jun 8, 2016
cluelessbankinghopeful:

Sure, the M&A market is cyclical, but that doesn't mean companies are not doing deals. IF you have good coverage on an industry, you WILL do deals in that industry. Consumer products is arguably the most cyclical industry out of all of them and was suffering during the downturn, but there were still deals done in 09, Pepsi and Kraft/Cadbury. PWP was on one and Centerview was on both. We saw 3 MEGA healthcare deals in 09. If Moelis had industry coverage, they would have been on one of them. Evercore and Greenhill did just that.

Furthermore, the whole point of having a restructuring business is to combat the up and downs in the M&A market and still bring in cashflow for the firm. As stated above, Moelis missed on two of the biggest restructuring deals we have seen this past decade.

So you tell me where the money is coming from. They hired 100+ people over the last year or so. How will they be paid? If they are not paid, they will surely leave. We have already seen that at Moelis.

The only 2 points you made relevant to a rebuttal of my points were:
-Consumer deals. I would argue that not many consumer deals were done. Sure, you right correct that "deals were done" - but there surely would have been many more during a recession.
-Industry coverage. OK, so maybe no industry coverage was a major contributor to Moelis' dry spell. That AND the economy.

To address your other points:
-Healthcare is one of the least cyclical sectors.
-I was not talking about restructuring, rather M&A.
-I don't know/care where the money is coming from...I explicitly stated I was referring to M&A deal flow when I said "success" - not restructuring deals, profitability, etc. My point is that M&A activity is higher during upturns & that surely an upturn would have greatly facilitated M&A deal flow for Moelis.

Jun 8, 2016

yes an upturn would have facilitated M&A dealflow for Moelis. but the fact that Moelis was unable to adapt to the deteriorating economy as well as its peers indicates weakness

Jun 8, 2016
lurker22:

yes an upturn would have facilitated M&A dealflow for Moelis. but the fact that Moelis was unable to adapt to the deteriorating economy as well as its peers indicates weakness

I didn't/don't disagree.

Jun 8, 2016

Moelis is only as good as their last deal

And there is no last deal in recent memory

Do the math

#

I am the Man. I Have the Plan. Follow Me to the Promised Land.

Jun 8, 2016

Moelis has had a tough time recruiting summer analysts this year - not that it's a huge indicator, but they lost quite a few of their top choices to other boutiques / top BBs

Jun 8, 2016
bkm125:

Moelis has had a tough time recruiting summer analysts this year - not that it's a huge indicator, but they lost quite a few of their top choices to other boutiques / top BBs

Curious to know where you heard this.. PM me if you want

Jun 8, 2016

"Moelis has had a tough time recruiting summer analysts this year - not that it's a huge indicator, but they lost quite a few of their top choices to other boutiques / top BBs"

Was the same thing from the very beginning. Their initial SA class (summer 2008), a whole bunch of kids turned down Moelis offers for Blackstone M&A and restructuring.

Jun 8, 2016

lol where is that joker Advisory88? Dude consistently defends Moelis and put it in the Evercore/Greenhill category, probably interned there. I know two kids, one ditched CS for Moelis, the other one DB for Moelis for FT. Both of them are shtting their pants right now and regret their decisions.

Jun 8, 2016

clueless - I think I know at least one of your friends - he got a bit screwed by his bank during SA group placement and thus wasn't inclined to go back.

Jun 8, 2016

Clueless, you seem pretty bitter about Moelis for some reason...did you get rejected?

Jun 8, 2016

Just trying to be objective EasyE so people can make an informed decision about their future. I did not get rejected by Moelis but am astonished by the lack of culture at the firm. Perhaps bkm125 could verify this, but the current analysts/associates are not happy about the mass lateral hiring they have done over the past year or so. The firm expanded way too fast and now having trouble paying everyone. I will be starting FT at one of Ghl/Eve/BX/Laz and have no need to spread false information on here about a lesser firm...

Jun 8, 2016

what makes a company's culture so bad? is it just bad hours or is it the way people are treated by bosses / peers?

also, a complete lack of deal flow (like before the current resurgence) meant people leaving the office by 7-8pm. if the culture is so bad because people are worked non-stop, doesnt that mean they are working on deals? i understand pitches take a lot of work, but, its not like the only thing banks do is execute deals.

Jun 8, 2016

When there are 50+ managing directors at a BOUTIQUE, there's always something to do. It is just the culture. A buddy of mine at Lazard works till 1-2am even when there are no live deals doing pitches and RFPs

Jun 8, 2016

While I agree with some of the posts, college kids who don't know the landscape should stop commenting on the 'facts' and misleading those who are using this forum as an objective sounding board.

-M&A dealflow: dropped off much more than their peers
-Restructuring dealflow: they are among the top restructuring groups on the street by deal volume. Saying that they didn't 'adapt' is contradictory - when the market is up they do M&A, when the market is down they do restructuring - seems like the best adapting business model I've ever heard of. The idea that restructuring is just a 'complementary' skillset to M&A and that restructuring analysts do nothing is retarded. The last time I checked, Blackstone Restructuring, Lazard Restructuring, etc all place considerably better than average and certainly their M&A counterparts. If you have worked across products, you would know that M&A is the most process-driven and offers almost no learning
-Moelis placement was due to UBS LA legacy: the current analyst class was undoubtedly unique with all of the UBS LA guys moving over, but considering that every single one of the second and third years in LA is leaving to megafund or top mid-market fund, I find it hard to argue that it's only the UBS LA analysts
-Pay is bad: don't really think the tens of thousands difference really matters, considering that they are going to Carlyle, KKR etc and making multiples what others who didn't are getting paid
-Lateral hires upsetting working environment: probably true of their regional offices like NY where they are expanding but don't think they've done any real hiring in LA

Jun 8, 2016

can anyone confirm what Moelis pays? is it standard 70k? and if not, does it gross out the same after bonus?

Jun 8, 2016

nvm

Jun 8, 2016

At a point 6 months ago, Moelis had over 50 restructuring mandates. Now just because these deals take more time (bankruptcy is basically 12 months minimum unless things go extremely smoothly) and only the biggest show up on the front page of the paper doesn't meal Moelis isn't doing well.

They have been killing it in restructuring (and are essentially a restructuring shop at the moment) but everyone is right about the top down pyramid. They are stretched extremely thin and it is never fun to work to 4 AM every night, but is even worse with no real "culture". That being said, analysts will still place well as restructuring is the "hot" sector for analyst experience in the eyes of many buyside shops.

Jun 8, 2016

You have got to joking to put Moelis restructuring in the same sentence as Lazard, Blackstone, Evercore, Rothschild and PWP restructuring. I don't know if there is a term for MM restructuring deals, but that's what HLHZ does on the debtor side. Moelis falls in that category. Shtty, 2B or less deals that no one knows about. There is a reason why firms like Jefferies and RBC get made fun of on this site even though the analysts get good experience at those firms. No matter where they are on the league table and how many mandated deals they have. It is okay if Moelis aspires to be the RBC of restructuring, but just don't expect to get the same level of glamour and prestige as Laz or BX. Again, I know people at Moelis and the firm as a whole is not doing sht on Dubai. Ask any analyst at Moelis right now they wish they are doing more PE and M&A deals.

Give me Delta Airlines, Northwest Airlines, CIT, General Motors. THEN you can put Moelis in the same category as the aforementioned firms.

As far as exit ops, distressed HF or PE is the way to go if you are in restructuring. I don't personally know anyone at megafunds buyout groups from a restructuring background.

Jun 8, 2016

im just gonna say this: i dont know what you've been through clueless but you are really, really bitter about Moelis. i can definitely understand some of your points but your condescending tone just clouds all of your posts and hurts your credibility here

Jun 8, 2016

Clueless, you obviously don't understand restructuring at all. The number of $2bn plus bankruptcies is so small that not being on these deals does not necessarily speak to the quality of the firm or even more importantly, the experience in recruiters eyes. Being mandated on these deals has much to do with the firms longstanding reputations, just as guys like MS will always be on the biggest M&A deals because they have longstanding track records and are known names that can be sold to corporate boards.

I personally would never want to work at Moelis but I can promise those analysts working on "shitty $2bn or less" deals will get recruited better than anyone who hasn't been on the biggest M&A or LBO deals of the year. A majority of analysts at all of these firms spend most of their time on "shitty $2bn or less" deals regardless of the sector. Considering the lead debtor advisor on a $2bn restructuring would be making $20mm+ and the work actually performed is much more technical than standard M&A, the skill set will always be highly valuable. There is a reason at the junior level those "shitty restructuring bankers" from places like Jefferies and HLHZ have the ability to get hired by places like BX and LAZ whereas you will never see a Jefferies M&A guy being hired by MS.

Additionally, given the fact your group Moelis with HLHZ shows you have no clue how different firms are viewed within the space. HLHZ, Chanin, Jefferies and others are known for milking monthlies and being a "process manager". Firms such as Moelis, and you aforementioned Lazard, Rothschild and Blackstone are known for their ability to "drive the process" and come up with creative solutions.

Then you have a further breakdown of creditor vs. debtor side work. Most old school guys will always prefer debtor work but in this day and age where most of the corporate debt in these bankruptcies are owned by hedge funds and prop desks you can often make better contacts and create more interesting exit opportunities at the junior level on creditor side work.

You can think whatever you want about the overall firm, but the analysts working on difficult and creative restructurings will continue to be some of the most highly sought out by recruiters even if the deals were "shitty $2bn or less".

Jun 8, 2016

Just for a point of reference. As of the end of 2009 there were 22,000 chapter 11 bankruptcy filings. Of these, there were only 40 filings of companies that had over a $1 billion of liabilities. Very small percentage of the total....

Jun 8, 2016

posted this earlier, but didn't know how much information i want to give. Moelis has 50 MDs WORLDWIDE. There are about 20 in NY and as of this year, there are about 15-18 analysts, so with a little less than a 1-to-1 jr to sr banker ratio, the work assignments were definitely going to be jacked up (spoke to an associate, said analysts were pulling on avg 100-130 hr weeks).

However, Moelis was looking to hire about 20 SAs for this summer alone... I don't know how many ended up signing, but they are making efforts to make sure the number of analysts they have can compensate their rapid growth.

Jun 8, 2016

You sure it's only 130 hours? I heard at least 160 and they take limos to work.

Jun 8, 2016

Ha ha guys, check the Moelis website. They have updated it with their completed deals.

Massive shut-down for those claiming the firm had 0 deal flow in 09.

Jun 8, 2016

Wow hehe

Jun 8, 2016

The plot thickens..

Jun 8, 2016

For a list of "Selected Transactions", that list doesn't seem very selective/filtered...almost like someone has something to prove, heh.

Jun 8, 2016

Props to whoever updated the website. As I said earlier, I really like their hourglass model.

Everyone put Moelis & Co next to Laz/Ever/Green and MS/GS. Hence everyone expects tons of $1BB deals. Looks like they don't mind taking middle market.

Jun 8, 2016

I think the facts speak for themselves.

I'm expecting big things from these guys!

Jun 8, 2016

Wonder where clueless is now, milking his wounds since he got rejected or works at an "inferior" firm?

Jun 8, 2016

That's good dealflow for such a small firm and a good mix of M&A and restructuring. I wonder why people like clueless hate so much on Moelis.

Jun 8, 2016

Don't worry about me guys. I'll be at a firm that does 20+ billion dollar restructuring deals and top 10 in the m&a league tables while working for sensible bosses while Moelis is stuck on MM deals. I made my point. The people reading this forum will decide whether Moelis belongs in the same sentence as Greenhill/Evercore. I don't want to waste my breath anymore.

To the person that said big restructuring deals are extremely rare. Well, we saw some of the biggest and more complex deals in the past year or so. I am sure the analysts that had the privilege to work on these deals had the time of their lives and will be a step ahead of the game come buyside recruiting.

For those of you that have no idea what I am talking about, some of the largest restructuring deals in 2009 included General Motors, CIT Group, Chrysler, General Growth, Lyondell Chemical Company and Rusal, and if you are an "elite boutique", you do these deals. My intent wasn't to denigrate Moelis as a firm. Rather, I was looking for confirmation on the fact that they are INFERIOR to Greenhill/Evercore/Laz overall, Rothschild in restructuring, and PWP and Centerview in M&A. I know this sounds elitist but so is the person who coined the phrase "elite boutiques". Clearly, Moelis is not an "elite boutique" as many on this board consider them to be.

Good luck to all. I don't have anything against the people that will start at Moelis. I'm sure you guys will have a memorable experience.

Peace.

Jun 8, 2016

Don't forget Ken Moelis left UBS because he wasn't able to control their balance sheets and do MORE LBOs. The man lucked out big time as UBS crumbled soon after his departure. I can't even imagine what would have happened if he had stayed.

We'll see in 5-10 years where Moelis & Co is going to end up. Luck can only take you so far.

Jun 8, 2016

i dont see how that list does anything to change clueless' earlier claims. there's basically no m&a on that list, and most of the restructuring is middle market. nobody's questioning that its a solid firm that will give solid experience to analysts, but mid-market restructuring deals don't mean that it should be placed in the "elite boutique" category. if you want to work 120 hour weeks on 500mm creditor sides or 100mm co-managed offerings, then go here.

i think whoever called them the "Jefferies/RBC of restructuring" definitely had it right on, and that kind of makes sense too, considering their restructuring team basically is jefferies anyway. you'll get a great experience, but you'll be worked like a dog and won't really work on any marquee deals, though they still have time to prove us wrong.

Jun 8, 2016

I don't know if anyone from Moelis LA frequent these boards, but one of my best high school friends interned at Moelis LA this summer. He had a horrified time and in turn accepted a fulltime offer at Morgan Stanley after receiving a return offer from Moelis LA. No one who has worked at Moelis I've spoken to liked their experience. I know I come off a bit brass at times but I state the facts and I have deep connections within the industry. Obviously there is no one for me to prove that on a board like this. So its my words against theirs. You pick who you want to believe. Just think for yourself before committing to a firm for the next 2-3 years of your life.

Again, best of luck to everyone.

Jun 8, 2016
cluelessbankinghopeful:

I know I come off a bit brass at times but I state the facts and I have deep connections within the industry.

you have deep connections in the industry when you haven't even started your analyst stint yet? lol get off your pedestal kid.

whether you go to Moelis or GHL, its the same in the end if you get good experience. ive know kids from regular MM's and no-name boutiques who have all placed into great buyside shops...

Jun 8, 2016

". there's basically no m&a on that list, and most of the restructuring is middle market. nobody's questioning that its a solid firm that will give solid experience to analysts, but mid-market restructuring deals don't mean that it should be placed in the "elite boutique" category."

I agree twilight girl, I read over their deals too and its very unimpressive.

Jun 8, 2016

Moelis is mid-market - more akin to Jefferies than to GHL.

Jun 8, 2016

That's a bit much. Moelis may not be GHL but they are not Jefferies either.

The probability of a Jefferies analyst getting into a megafund is the probability of an asteroid hitting the earth; even now that is certainly not the case at Moelis.

Jun 8, 2016

I guess its still early days to be making these judgements (myself included) but I think they have a lot of potential.

Surely their deal flow is above average for someone of their age?

Jun 8, 2016

Sadly, experience isn't all that matters. Some of the mega funds ask for candidates from specific shops / groups, so no matter what your experience is you might not even get the interview simply because you aren't at a good enough name-brand bank. You can get good experience anywhere, but the bank obviously matters.

Jun 8, 2016

Clueless, of your list of most interesting/large restructuring deals: General Motors, CIT Group, Chrysler, General Growth, Lyondell Chemical Company and Rusal - Moelis is on 2/6 General Growth and Lyondell. And of course, you somehow forgot Dubai World, which makes that 3/7.
Also funny that you state you have deep connections to the industry and point to a summer analyst you know at Moelis LA who got an offer but went to MS instead. There were only 4 summer analysts there, 3 of which got offers and 3 of whom accepted. The one that didn't receive an offer, but apparently claimed that he did, was a full retard - there is a hall of shame dedicated just to him.

Jun 8, 2016
Mr. White:

Also funny that you state you have deep connections to the industry and point to a summer analyst you know at Moelis LA who got an offer but went to MS instead. There were only 4 summer analysts there, 3 of which got offers and 3 of whom accepted. The one that didn't receive an offer, but apparently claimed that he did, was a full retard - there is a hall of shame dedicated just to him.

Looks like he's lying based on your info??

Also is it just me, or do you guys think "twilightgirl" and clueless are the same user with different accounts? They bash the same firm within minutes in 2 threads, this and //www.wallstreetoasis.com/forums/elite-boutique-exit...

Even there they have consecutive posts and both users keep using "i" instead of "I" to start their sentences (not many people do that on WSO). Too much of a coincidence?? Both use "i" consistently in most posts. That, along with consecutive posts when trying to bash the same firm makes me suspicious. I could be wrong, but I get the feeling that the kid got rejected by the firm and just wants to say bad things. Nothing wrong with that, just an observation. I know he will start bashing me now, not that I care.

Jun 8, 2016

Haha, "deep connections" in the industry because you know a kid who interned at Moelis.

Jun 8, 2016

Why do you guys even waste your time listening to CLUELESSbankinghopeful, he's obviously trying to stir up confrontation.

Never base your overall impression of a firm based on ONE kid's experience. (Especially one that's not accurately depicted. I know the kid CLUELESSbanking THINKS he's talking about). Either Moelis is a great firm or not. And I think it's a bit early for you guys to make these grand predictions/assessments.

Jun 8, 2016

hey, mr. white, just curious, i don't see the lyondell and general growth restructuring deals on Moelis's website. do you have a link to the news article where you read it from? thanks.

were there any m&a deals they were on that are missing from the website that prospective monkeys should be aware of too?

Jun 8, 2016
ventadota:

hey, mr. white, just curious, i don't see the lyondell and general growth restructuring deals on moelis's website. do you have a link to the news article where you read it from? thanks.

http://www.moelis.com/news/newsDermont.php
read last paragraph of the story. they did creditor side on lyondell (as well as on tribune). evercore is doing debtor on lyondell.

Jun 8, 2016

As I said before, college kids who don't know the landscape stop commenting on the 'facts'. Do you really think Moelis placement was so good because they are only as good as Jefferies/only did non-marquee middle-market deals? I know the second-year analysts personally and just between the 5 of them that everyone on this board talks about, they worked on the restructurings of Tribune, MGM CityCenter, Fontainebleau, Station Casinos, General Growth, MGM Studios - and those are only the ones I've been told. You can't be serious saying they don't do deals

Jun 8, 2016

They also have consecutive posts here http://www.wallstreetoasis.com/forums/help-multipl.... Could be a coincidence. I am not sure, but to have same pattern on 1/29 and 1/30 and not capitalizing first letters of sentences (like "i") is interesting.

Jun 8, 2016

This is hilarious. I know the "full retard" White is referring to. I work at a BB's west coast office and we all know about him. I wouldn't call him a full retard since he's at an Ivy League school but its pretty much common knowledge that he gets his way with recruiting because he's black. Apparently he lies too? Probably lied his way into the Moelis SA gig? Maybe he is Mr. Clueless himself? lol

Moelis is definitely not as bad as clueless makes them ought to be, but this board for sure thinks too highly of them. I would say they are a notch below Greenhill/Evercore/Laz but still a good boutique. Like many have said in this thread, they are sluggish in terms of large cap M&A deals.

and nextbigthing, you are a fucking creeper with the last two posts. I hope I never have to interview you.

Jun 8, 2016

Moelis has over 20 restructuring mandates and is now in the top 3 for restructuring. Just because they are not spending on marketing to populate their websites with deals does not mean they are lazy or deal-less. Please try discussing your opinions with people actually working there (I am not), before coming to any conclusions. Everyone I have spoken to, from KKR to Warburg Pincus knows Ken Moelis well, and THAT is why analysts are getting placed and will continue to get placed. I don't see why there is so much hostility on the blog. Just do your research. If you don't learn how to do your due diligence now, chances are you never will.

For those of you who are incredulous on the # of deals they are on, check out the Deal's bankruptcy deal tables. Also, Moelis' revenues just surpassed Greenhill, which means they have a larger compensation pool.

For more information on banking & PE, please visit http://leverageacademy.com/blog.

Jun 8, 2016
BankingRUs9:

Everyone I have spoken to, from KKR to Warburg Pincus knows Ken Moelis well, and THAT is why analysts are getting placed and will continue to get placed.

Ha ok. So when you talk to KKR and Warburg Pincus, do you really make a point of asking if they know Ken Moelis well? Since you don't work at Moelis why would that ever come up?

Jun 8, 2016

Haha, WOW Mr. White Aka DarkSoulMan....We are all pretty sure that you created DarkManSoul a few minutes after you made your first comment. I mean a newbie to the site and that is the first post you make, seems illogical. People are too funny.

Jun 8, 2016

Best boutique in the country. hands down. dont ask questions just know.wish I could work here.

--
"Those who say don't know, and those who know don't say."

Jun 8, 2016

Moelis is a wannabe bank boys

Better watch your ass

Jun 8, 2016

Of course it's a wannabe bank. It's only been around for little over 2 years with aspirations to evolve into a full-service operation capable of underwriting both debt and equity capital. I'm sure it will get there.

Jun 8, 2016

BKM125, I was at the Wharton Private Equity Conference at Bellevue in Philadelphia with a friend from Moelis and they were discussing distressed debt & restructurings at one of the panels. There was a networking discussing after when we approached senior professionals from different private equity firms.

Jun 8, 2016
BankingRUs9:

BKM125, I was at the Wharton Private Equity Conference at Bellevue in Philadelphia with a friend from Moelis and they were discussing distressed debt & restructurings at one of the panels. There was a networking discussing after when we approached senior professionals from different private equity firms.

Oh ok - I was picturing you in interviews or something and it just seemed strange.

Jun 8, 2016

Here is what Moelis has done so far this year (M&A US Target, from Thomson ONE Banker)

Financial Advisor Number of Deals Ranking Value inc. Net Debt of Target ($Mil)
Moelis & Co 6 156.50

Worse than Piper Jaffray, Robert W Baird & Co Inc, William Blair & Co, Stifel Financial, Sandler O'Neill Partners, Jordan Edmiston Group, Tudor Pickering & Co LLC, Needham & Co Inc, Imperial Credit Industries Inc and bunch of random shady boutiques easily surpass Moelis on the league table both in terms of value and #of deals. And you are telling me they are the most elite boutique sending kids to KKR, BX and TPG? MY ASS!

They really suck big time

Jun 8, 2016
Jun 8, 2016

GS, hands down. write your own ticket afterward.

Jun 8, 2016

Moelis. easily.

you would be one of only a handful of guys, would be working one on one with some of the biggest dealmakers in the industry. not only would this be a ton of respomsibility but you wouldnt be just another tiered analyst at GS or MS. even exit ops, everyone knows Moelis's name, and im sure a strong rec from him or any of his potential partners would get you in anywhere

Jun 8, 2016

is mo co even up yet?

Jun 8, 2016

mo co is soon to be up and running. what are the advantages of going to a boutique? is perella any good? would you go to Gleacher or Evercore?

Jun 8, 2016

Where did you get your info that mo co is soon to be up and running. I highly doubt that. Moelis hasn't even physically left UBS yet.

Jun 8, 2016

Normally it is company procedure that as soon as you say you want out, they kill your key and computer login. Maybe they have more respect for him.

Jun 8, 2016

He's leaving UBS at the end of June, Mo Co is not going to be up for awhile.

Jun 8, 2016

I guess its up - though clearly UBS executed the deal. Would you work there over a BB? I think the exit ops would be a huge draw as well as the name.

ThomasC

Jun 8, 2016

well right now there s probably very little infrastructure (ie analysts, associates, proper computer software etc) It did open on Monday after all. So you might want to weight that into your decision.

Took them a lot less time to grab their first big deal vs. PW Partners.

Jun 8, 2016

Your $50 is safe

You're asking college kids how long an investment bank will be in business, and you're somehow trying to justify your "investment" by this... good luck trying to work in VC.

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Jun 8, 2016

Haha wow, I'm losing all respect for this website.

"You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right."

-Warren Buffett

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Jun 8, 2016

doing well with lots of deals ... but deals lean heavily to mid market.

Jun 8, 2016

treating their analysts?.....Badly.....very very badly......

That said, there are no layoffs.

Jun 8, 2016

Would you like to expand at all on that warhawk?

Jun 8, 2016

im referring to hours. Expect 100-110+ very consistently if not 120. High deal-flow comes at price relative to quality of life.

Jun 8, 2016

What about comp? Above the street? Would you accept an offer over a distressed hedge fund?

Jun 8, 2016

I would not accept an offer over a distressed hedge fund or private equity fund. You would learn a lot during these periods from working with one of these funds. I've been trying to score an opportunity with one of these funds.

Jun 8, 2016
Jun 8, 2016

I looked through that post but what does everyone think of Moelis in terms of prestige and exit opportunties?

Since they are so new, do you think megafunds will recruit their analysts heavily?

Would you take Moelis over say a Financial Sponsors, LevFin, or M&A group at a BB firm (not GS, MS, or JPM)?

Jun 8, 2016

bumppppp

Jun 8, 2016
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Jun 8, 2016
Jun 8, 2016
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Take it for all it's worth.

Jun 8, 2016
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