I've found this website to be immensely helpful throughout college and the beginning of my banking career. I thought I would return the favor by having an informative discussion around the current elite boutique landscape in the U.S. (although EB bankers elsewhere feel free to chime in). I think it's fair to say that EBs are becoming increasingly popular choice for undergrads going into finance, especially at target schools. For context, I'm a former EB analyst who spent two years there before leaving for private equity. My initial thoughts here obviously reflect my experience, but they're
15 Jan 2021
Hey guys, I was wondering if anyone could shed some light on the exits/experience and any other aspect of GHL RX. They seem to do a lot better now with Augustine but I wonder if that increased deal flow is sustainable given the current environment. Also they had some good exits like centerbridge/cerberus/sixth street. Are those just one offs or is the group likely to get good exits as they've been on the up. Also, how likely is it that the group will continue to increase its penetration of mandates now that rx work has slowed down thanks
25 Apr 2021
Hi All, I'm curious to know what thoughts are on GHL over the next few years? The firm churned out a decent result for last financial year, with fee paying clients and deals done up from 2016 and 17. I know GHL has been doing some solid recruiting the last few years, and while it would be easy to view view the outlook as positive on face value, it would be good to get some industry opinions on the firm's outlook internationally. Is this positive trend likely to continue, or will GHL revert back to getting squeezed by other shops like MOE and EVR? Additionally, what is GHL's reputation like
17 Mar 2019
Hi everyone, I have several questions regarding Greenhill. It seems that the company took a hit in the past few years, so I was wondering if any current analysts/associates at the firm (or other people familiar with the matter) could address a couple of things: Has the deal flow fallen significantly since the company's prime? How does the current comp compare to the rest of the street? How are the exit opportunities at the firm at the present moment compared to the other EBs and BBs? (Mostly interested in recruiting for PE MF) Current culture and hours? Many thanks!
01 Mar 2018
Trying to figure out what industry/product focused teams have offices in San Francisco. Particularly interested in bulge brackets and e.boutiques as well as any consumer/retail focus If anyone could add to this list it would be greatly appreciated: Greenhill - advisory (M&A restx) Lazard - healthcare GS - TMT, generalist DB - Tech Barclays - Tech (Menlo Park) Moelis - Tech (Palo Alto) JPM - Tech Needed (in addition to any other groups that the above may cover): Evercore MS BAML CS Perella Weinberg Partners Peter J Solomon
30 Oct 2014
There's a lot of information here on the NY restructuring group, but I haven't heard much about the M&A group in SF. Does anyone have any insights into reputation/exit opportunities and deal flow? Thanks!
09 Jun 2021
Hi guys, I have a 1st round interview for the Summer Intern position with DC Advisory coming up this week. I will have 10 min conversation with Dartmouth Partners (ex Cornell Partnership) employee. Any idea what can I expect? Btw, this is for either London office. Additionally, there are very few threads here on DC Advisory and not much info. Anyone care to share their thoughts on the standard stuff - culture/pay/learning/prestige/exit-opps/top-groups/etc. This thread could be useful to future candidates and people interested in the company. Some stuff that I was able to get so far (German office, a bit outdated), so I can hopefully contribute something at least: - Intern salary - EUR 1500 p.m. + bonus (Germany) - Analyst base: EUR 65k - Associate base: EUR 72-90k
30 Apr 2014
1 Goldman Sachs & Co. 2 The Blackstone Group 3 Morgan Stanley 4 J.P. Morgan Investment Bank 5 Lazard 6 Greenhill & Co. 7 Credit Suisse (Investment Banking Division) 8 Evercore Partners 9 Deutsche Bank AG 10 Rothschild 11 Barclays Capital 12 Perella Weinberg Partners 13 Moelis & Company 14 UBS Investment Bank 15 Houlihan Lokey 16 Jefferies & Company, Inc. 17 Citi Institutional Clients Group 18 HSBC Holdings 19 Wells Fargo & Company 20 Allen & Company Inc. 21 Bank of America Corp. 22 Macquarie Group 23 Piper Jaffray Companies 24 Oppenheimer & Co. 25 RBC Capital Markets Discuss...
07 Oct 2009
Hi, I'm new to this forum, but I'm currently sat on the following offers (all in London FT). 1) Citi M&A 2) Citi Lev Fin 3) Greenhill M&A What would you consider to be the most prestigious and best for exit opps in the future? Thanks in advance.
17 Jun 2010
Deciding between offers for SA at Greenhill in IBD and Goldman in Market Risk Management and Analysis. I'm probably interested in doing IBD FT, but not completely sure. I'm pretty sure the right decision is to just go for Greenhill, but want to hear a second opinion before going ahead with it.
27 Feb 2012
I am a rising sr interning this summer at Evercore/BX/Laz/HLHZ and wanted to know how Training the Street works? What exactly do they go over etc? Just want to be informed/prepared before training starts. Thnx
20 May 2009
Curious to see how BB Analyst Class sizes compare to boutiques given how much boutiques have grown in the past years. Especially interested in numbers from PWP and Evercore. For the 2016 Analyst class, Moelis has 24 in NY and 8 in LA
30 Mar 2016
So how would you guys rank these banks strictly based on opportunities to Distressed Hedge Fund/ PE firms? I figure Blackstone and Lazard are at the top, but I have an opportunity to pursue with a couple of the firms listed below and wanted to see where it sizes up: Evercore Moelis Centerview P J Solomon Miller Buckfire Millstein Greenhill Rothschild Guggenheim Imperial Chanin (D&P's Rx arm) This is strictly for the restructuring practices of each firm listed. Again not really trying to rank which one is marginally better than the other, but perhaps a tier system? Just to see which ones have possibilities for distressed buy-side options. LinkedIn provided very little in terms of strictly distressed buy-side opportunities, btw. Thanks for all the help.
30 Oct 2012
Register for UWFA's 9th Annual Stock Pitch Competition in partnership with BMO Capital Markets! The competition will be held through Zoom on Saturday, November 14th to Sunday, November 15th. If you are interested in participating, groups of 1-3 are encouraged to sign up before the registration deadline on Monday, November 2nd. Undergraduate students from all Canadian universities are welcome. See the event page and poster for some of the judges and panelists. Event Page: https://fb.me/e/4r8lqAxZF
19 Oct 2020
Hi everyone, Have offers from Laz and one of the two other firms. Don't want to start a flame war, my main question is, I probably don't want to stay in finance forever, possibly work at a HF after banking and then go back to grad school and do something more international relations/development related. That being said, which would be a better option here? In terms of deal flow Lazard is better and I think it has better name brand, which would help if I want to move out of finance, but I've read analysts get crushed and its a stiff atmosphere. The other two have better cultures and treatment of analysts, but are only really known within finance. Thoughts?
08 Feb 2011
I want to do investment banking more but I know that GS is kind of a nice stamp for my resume...I'm currently being considered for GS but I have an offer for IB at a boutique. What should I consider before I decide?
09 Jul 2015
I have a 1st round interview coming up with Greenhill's London office. What type of questions should I expect? I know the interview is through Cornell Partnership and I have to take a math assessment. Also, anyone who has completed an SA position at this office, I would love to hear about their experience with the firm.
23 Dec 2010
I was lucky enough to have offers from some of the usual suspects from this list: Blackstone, Evercore, Lazard, Moelis, Greenhill, MS (not M&A, get a generalist, I don't know which division). Can someone comment on which option would be best for me? All the small ones are for generalist/M&A advisory. All positions for NYC. I'm not looking anywhere else, i.e. like Moelis LA.
17 Sep 2010
I would like to find out how superdays at Evercore/GHL/HL/LAZ look like. I am specifically interested in M&A industry groups, especially: Healthcare, Consumer Products and Industrials for offices in NYC, Chicago and Minneapolis. 1. Which firms give accounting/valuation tests? 2. If you've taken such test, could you please share what kind of questions were asked and what level of accounting/valuation would I have to know. (I assume they are standardized?) 3. What's the structure of superday? 6 x 30 minutes with Associates, VPs and MDs of each group? 4. Overall do you get to meet other candidates as at BBs or it's more 1-on-1 experience? I would really appreciate any input. I will throw SBs at the best contributors.
04 Oct 2013
Hey guys. I wanted to get some updated views on this. In terms of deal flow, private equity placement, and prestige, is Evercore M&A NY or Greenhill M&A NY better as an analyst? Also, going forward, is there one firm that is better positioned? Thanks in advance.
29 Nov 2012
Does anybody know the recent and historical story on pay at good, smaller shops (blackstone, lazard, greenhill, evercore, moelis, houlihan lokey, centerview, rothschild, etc. etc. etc.) compared to the street. I am particularly interested in Lazard, Moelis, Evercore, and Greenhill. Does anyone also know how long people work at these 4 shops versus most BBs? I know that this has been discussed before, but I'm sure things changed a lot recently, so I was wondering if anyone had an updated story on this. Thanks.
04 Oct 2009
Does anyone know anything about Greenhill's Chicago office? I'm at one of the chicago targets (UofC/NU) and they just made a posting at my school. Judging by the profiles on Greenhill's website, it seems like its just a smaller version of what Lehman Chicago used to be. Is this correct, and if yes, what was Lehman's rep like in Chicago before it went under?
13 Jan 2009
Have offers from some of these boutiques. Which are best for exit opps or are they all comparable? Lazard, Greenhill, Evercore, Blackstone, Moelis
30 Jan 2010
Will Moelis have the same exit opps as UBS LA? And which is a better place to work in terms of deal flow exposure etc besides personal preference...LA or NY Moelis?
21 Feb 2009
I have a phone interview with Greenhill early next week. I networked with an MD and vice president, who got me the interview. I go to a non-target. From searching WSO, I see that Greenhill tends to be very technical. I have the WSO and M&I guides. I have also done a BIWS/TTS-type program. Are those good enough? Any advice would be appreciated. Thanks.
05 Sep 2012
Ok so this topic may have been beaten to death as I have checked other forums on this, but is there any general consensus on which firms fit the definition of an elite boutique (example bank you would consider joining rather than a BB if given the opportunity). The reason I ask is I will be interning at firm which I would rather not name, but is borderline to being considered one. Well I know people hate these posts that deal with prestige and what not, but I think this is a legitimate inquiry into not a ranking, but what boutiques are considered elite. What I consider the "Elite boutiques": Lazard, Blackstone, Greenhill, Evercore,Rothschild, Centerview, Gleacher, Moelis, Miller Buckfire, HLHZ Any substractions? additions?
01 Apr 2009
Hey guys, So I know people have explained what PCA is on here, but can I get some insights about what an analyst does day to day? I know that the group focuses on raising money for funds and also advising funds on whether to sell their assets off or not but what specifically does the analyst do to support the process? Financial modeling to determine value of potential sell/purchase assets/interests owned by clients? Marketing materials to raise funds for clients? Market/industry research to support clients investment thesis? If I'm totally off, please correct me guys, but I'd be very
29 Sep 2017
Ok so I have FIVE final rounds and I think that all but one should potentially lead to an offer. Greenhill: obviously my first choice...just don't know if I'll get it. BMO Capital Markets (NY) Pros: Love the analysts I've met. Great analyst compensation (way above street from the analysts I've spoken with). Has a very large commercial bank backing and should be healthy. Great office in Times Square (top 4 floors of reuters building). Cons: Little/no brand recognition in the US. Not sure about exit opportunities (anyone?). Mostly middle-market deals...no big name corporations. Jefferies (Broadview Tech NY)
19 Feb 2009
In terms of PE-exits, what are the top teams at UBS (London)? Considering M&A, Technology, GIG and FIG. Also for PE-exit ops, UBS or Greenhill (both in London)? Any input regarding IBD at UBS (Ldn) would be much appreciated.
07 Mar 2011
I don't have offers nor am I in the process of interviewing with either firm, just an analyst wondering what you guys think. I don't post often on this site but I keep hearing about the "prestige" of Moelis and wanted to know what you guys think. -iluvseamless
10 Feb 2009
Everyone, I was hoping someone could help me out regarding this decision. I am currently looking to lateral from a Mid-Tier BB (not GS-MS-JPM, also not UBS) to a boutique, and Greenhill appears to be my best opportunity at the moment. For one, I wanted to see if anyone didn't think this was an upwards move as far as quality of work / prestige. Secondly, I was wondering if anyone had any insight into how Greenhill has been doing lately as there hasn't been much news out on them in forums. Thanks.
05 Sep 2013
Any info on what these types of groups do? I know Laz/Ghill have these groups, just curious is it primarily focused on raising PE funds or something? Any idea on comp structure/etc? Pre mba positions? Thanks
02 Jan 2010
Simple question - what boutiques have restructuring groups in Chicago? I know many are headquartered in NYC, but I am curious who has sizable offices in Chicago, and what kind of exposure/deal flow they have. Thanks
25 Aug 2018
Hey guys I've search WSO for this but seems to be getting conflicting answers are GHL analysts placed into specific groups or is it a generalist program? I've seen alot of posts that say its a generalist program but then others that, when comparing GHL and other firms, say depends on what group you get in at GHL. I"ve also had friends at banks tell me GHL is by group? Could someone just clarify this for me. and if they have groups, what are the strongest ones vs. weaker ones? Thanks in advance.
19 May 2012
Which offer would you take in an analyst position between MS and Boutiques like Greenhill, Lazard, PWP, Moelis or Evercore? Would it really depend on which group at MS you got placed into? I feel that there are some groups at MS that would be much more prestigious than at boutiques but if you don't get placed into the right group that the boutiques would be better.
25 Feb 2009
How would you guys weigh full-time analyst opportunities with Barcap and GHL? I'm a college senior considering full-time options, spent the summer as an IBD SA with Barcap (have a FT offer). I've read through the general BB vs. boutique threads, but I'm curious whether you guys have any opinions about Barcap and GHL specifically. Any thoughts on differences in terms of rep, PE/business school exit ops, how they'll be doing in a couple years, or anything else would all be helpful. Thanks.
21 Sep 2009
Hey guys I have several choices regarding the upcoming school year as a rising junior. I'm currently interning at a small PE shop and was wondering whether I should do an internship during the fall. I have several options: I can intern at a regional office of a top boutique(Evercore, Lazard, Greenhill), and when I spoke to the guy I'd be working with, he told me to expect around 50 hours a week (5 days+weekends occasionally) but all of this is unpaid. I know the experience will be great but I can't help to wonder whether those 50 hours will be better spent preparing for interviews and for school. Another choice is to intern at a no name boutique ibank but get paid 10/hour and work roughly 35 hours. Again solid experience.
15 Jul 2010
I know some of the top EBs like Lazard don't hire international students, and with some other firms like Centerview I'd imagine the 3-year program could be a problem because internationals (if they STEM-majored, tho Econ is classified STEM for visa purposes at most top schools) usually have max 3 years of work authorisation and some of that is used up over summer roles. tl;dr does anyone know which (or any) of the EBs hire international kids?
29 Sep 2019
In the spirit of the Olympic Games in London, I'd like to say, "Take a dive!" Because it seems to be what the IB industry has generally been doing in 2012 given the latest news coming from WS firms. Early in the earnings season I've hearing about revenue guidance coming in weak from Bob Pisani but now it seems to have manifested itself in some key WS players. The following is a sanpshot on some of the latest second quarter earnings from WS, to see who's been affected and how... TRADING NYSE-Euronext gave its results earlier this month and even though it beat its estimates by a penny, revenues
12 Aug 2012