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Vault’s Verdict

Evercore is a prestigious global independent investment banking advisory firm that’s looking for well-rounded, highly intelligent, hardworking, personable, and self-disciplined candidates with strong technical skills and financial knowledge. For students, the firm runs a very rewarding internship program, where interns receive access to senior bankers, a strong mentorship program, many networking opportunities, and significant hands-on live deal experience (which can lead to long hours). For its full-time junior bankers, Evercore offers extensive growth opportunities, including early responsibility on live transactions (deal flow is very strong), a structured and very helpful formal training program, valuable mentoring, and an apprenticeship culture that focuses on development and teaching the next generation of bankers.

Given the strong deal flow and complex nature of the transactions the firm works on, hours can be long and weekend work required. However, the work is always interesting and impactful, and senior Evercore bankers care about juniors’ time and generally do everything they can to help them have a reasonable work/life balance. In addition, juniors are encouraged to take vacation and to provide coverage for team members taking PTO. Meanwhile, compensation is very generous. Salaries and bonuses are above the Street average, and top performers are rewarded well. Perks and benefits get slightly lower reviews from insiders but are in line with the Street average. The firm’s EverWell program, which actively encourages juniors to participate in wellness activities, gets strong internal reviews, while the firm’s 401(k) offerings are said to need improvement.

Evercore has active DEI groups that host numerous events throughout the year as well as strong DEI recruiting programs, which have been successful at attracting diverse, talented students from a variety of schools and backgrounds. However, while there are many women at the junior levels, insiders say there are few women at the senior levels. As for Evercore’s business outlook, the future is extremely bright. Evercore is actively growing, continuing to close large deals and aggressively hiring top-tier talent. The firm is routinely at the top of the investment banking league tables and has a very dedicated, hands-on senior leadership team. As a result, Evercore insiders feel very positive about the outlook of the firm.

EMPLOYEE REVIEWS

Hiring Process

“We are looking for people with a history of demonstrating leadership skills (in past jobs, extracurriculars, school, etc.) and who also can pass rigorous technical assessments. This way we know the candidate will be a good, friendly team member and be able to interact with clients while also having the technical skills to do heavy modeling work from the get-go.”

“Evercore has some of the most complex and comprehensive technical interview questions on Wall Street. There is an emphasis on finding not only outstanding candidates from a technical perspective but also those who are well spoken and engaging. The ideal candidate has a strong personality, is highly intelligent, and has the ability to operate independently and produce clean and thoughtful work.”

“The type of candidate we are looking has a strong technical foundation and an ability to think through concepts, takes ownership and over-delivers on teams and to firm culture, exhibits broad leadership qualities in past roles or activities, has outstanding written and oral communication skills, has excellent interpersonal skills and an ability to articulate ideas, has a notable work ethic and self-discipline, has a proven ability to work simultaneously on multiple projects, is coachable and can take feedback, and is enthusiastic, outgoing, and achievement-oriented.”

“The interview process is a first-round technical and behavioral interview followed by a technical and behavioral Super Day maybe a week or two later. Candidates who receive offers usually are contacted within 24 to 48 hours. Ideal candidate is someone who is pretty brainy and has high motivation to succeed.”

Interview Questions

“Why Evercore? Two strengths, two weaknesses? Walk me through a DCF. How does 10 in PPE flow through the three statements? Tell me about a deal you are following.”

“Lots of technical questions around accretion/dilution, enterprise value, accounting, etc. Strong focus on market questions and M&A case studies.”

“Behavioral questions include teamwork, grit, leadership, long-term potential and growth, understanding of the role and the firm. Technical questions include accounting, valuation, M&A math, corporate finance, and marketing understanding.”

“Interview questions revolved around standard accounting and finance concepts, investment banking in general, current economic and market factors, and behavioral fit. I was asked very difficult behavioral questions. I had several investment banking interviews and received offers from multiple banks. My Evercore interview was the toughest one that I went through from a technical standpoint.”

Intern Experience

“I was given real deal work (modeling, CIM creation, etc.) and had lots of exposure to senior leaders at the firm through my on-the-desk work. Culture was very friendly, people were approachable, and I was able to have lunch and coffee with experienced bankers at the firm—networking within the firm to get to know the various sector teams was encouraged. Overall, I was given lots of work, made lots of friends, and learned a ton.”

“Best aspects were the breadth of topics covered, friendly teachers, well-organized nature, and challenging material. We were also ramped up nicely once we hit the desk, and were able to quickly make an impact on the team/help out in several places.”

“Best aspects were the live deal experience, mentorship, good training program, fun summer events. Most challenging part was the same as any bank as an intern—feeling a pressure to be in the office late or over the weekend/be glued to the work phone at all times.”

“The best and worst experiences were highly connected. The hours were very long, which could be seen as a negative and definitely pose many downsides. The other side of that is I was staffed on five live projects (no pitches or BD) and all of the work and long hours were tied to meaningful work. I spoke with many of my peers in business school and across other banks, and this was not always their experience.”

Career Development

“Tremendous deal flow, and excellent senior bankers who take the time to teach more junior bankers. We have an apprenticeship model that focuses on teaching the next generation of bankers for the firm. Incredible opportunity to take on as much responsibility as possible. The sky is the ceiling. Evercore provides all the tools to achieve career success.”

“The firm had a very structured month-long training program before we hit the desk, which made me feel very prepared once I did hit the desk as a full-timer. Also, there is truly a culture of senior employees mentoring junior employees. I am actively mentored by multiple senior leaders in the firm, and I work directly with VPs, MDs, and Senior MDs on my deal teams all the time and learn a lot from the experience of these leaders. Reaching out to senior leaders for coffee chats is encouraged. All this leads to a very welcoming environment where career development is greatly promoted. Also, the amount of responsibility given to new analysts and associates from the get-go supercharges the learning curve for us. I can think of no negatives on career development that I have experienced thus far. I am very happy with my development opportunities.”

“Evercore has a top training program that equips its incoming analysts with all the skills necessary to succeed. This is in part because the training is specifically designed for Evercore instead of an off-the-shelf training program. Evercore teams also host plenty of networking and mentorship opportunities between junior and seniors. As an intern, I had a 1-on-1 with our chairman and with our global head of investment banking. Such exposure is hard to find anywhere else on the Street.”

“One of Evercore’s core values is ‘Investment in People.’ Evercore has a very strong emphasis on training and development, both during the internship and during full-time work. During the internship, we were given both a junior and senior mentor, both of whom I worked closely with during my internship. This was formal on project staffings and informal through lunches and coffee throughout the summer. This is also the case for full-time. The ability to speak with senior partners at the firm and have them invested in your career is very unique and serves as a differentiator for Evercore’s culture.”

Quality of Life

“My group is very busy and we typically have each junior staffed on multiple live deals. This means that the hours you are putting in are adding meaningfully to your career development. It also means work/life balance is tough given the amount of work there is to do. There is definitely a trade off, but given the level of experience, the hours are worth it. During deals, even as a junior banker, I have very close access to upper management of our clients and our senior bankers. I appreciate the level of trust that Evercore gives us in communicating and leading some client interactions.”

“Best aspect is that quality of life is a major focus of our group. Weekend hours are audited, and senior members of teams are held accountable if it seems that junior teams have been working unnecessarily (which very rarely happens). We also respect protected Saturdays (which is enforced, subject to explicit client needs). Individuals are encouraged to take vacation, and teams provide robust coverage so that they are uninterrupted. Our group is very busy, but that has nothing to do with the culture or institution of our group itself; it’s just a testament to the group’s ability to generate high quality work.”

“We work a lot of hours but nothing I would consider extreme relative to other banks in the industry. The best aspects are vacation is easy to take, you’re allowed to work from home in the evenings and Fridays, and teams are very polite and congenial. As long as work gets done, people are not tracking your activity, and there is not much of a ‘face time’ culture. Seniors try to ensure that juniors have a good personal life outside of work and put real effort in on this front.”

“Given the high standards throughout the firm and complex nature of the projects we work on, everyone spends a considerable time working. This can make it harder to find a work/life balance, as greater hours are required to produce the work needed. However, the work that we perform is interesting and impactful. There’s an emphasis on performing meaningful/deal-oriented work rather than marketing/internal work. “

Salary and Benefits

“Very satisfied with the firm’s compensation package and great family benefits like egg freezing, parental leave, backup child care, etc., which makes for a better work/life balance and eliminates some of the stress of being a working parent.”

“Salary, signing bonus, and benefits are great. Meal stipend and 401(k) match could be better.”

“The firm pays well (base and bonus), and other benefits (Ubers, etc.) are a noticeable plus. The firm also has a notable United discount. Parental leave benefits seem great for the industry. Mental health programs/benefits are offered and promoted. Vacation time is average. 401(k) contribution appears low compared to peers.”

“Salary and bonus are very high. Top performing employees are rewarded well for their contributions. Few other helpful perks—insurance isn’t great.”

Wellness Efforts

“We just came off our wellness week, which included sessions on financial well-being, physical health, and ways to manage stress.”

“Evercore has very robust wellness programs, constantly hosting events and health-related activities and challenges. We also receive credits for exercise-based activities.”

“The firm has a program called EverWell, which continually runs programs for us to unwind, rest, and relax together. There are both mental and physical wellness options, and I have personally used the exercise and counselling perks.”

“The EverWell program actively encourages juniors to participate in wellness activities. We get nutrition education, meditation events, biometric screenings, and financial incentives for exercise programs, etc.”

Diversity and ESG Initiatives

“Evercore has four pillars for DE&I—education and development, recruiting, inclusive culture, and awareness. The recruiting programs are great at attracting a diverse pipeline of the most talented students from a variety of schools and backgrounds. We host several DE&I and allyship events that provide all employees with support.”

“We have an extensive DEI strategy and very active DEI groups that host a number of events throughout the year. My analyst class is incredibly diverse, and I truly feel that Evercore takes this seriously at the most senior levels of the organization.”


“My associate class was extremely diverse. There were many international employees in this group as well. I feel that Evercore truly believes in the power of diversity and actively weaves this into their recruiting efforts as well as full-time initiatives.”

“Evercore makes very considered and energetic pushes in this arena, and our group has improved significantly in this regard. We unfortunately still face the challenges felt by the rest of the industry.”

Business Outlook

“The business outlook for Evercore is very strong. Evercore routinely is at the top of league tables for independent banks and has emphasized their continued drive to remain at the top and win business. My group has many live deals going on at any given time, and our seniors and partners are extremely active in finding new business. Evercore has increased headcount recently, and I believe this puts them in a great place to take on more work and continue to compete with both bulge bracket and large independent banks.

“Very dedicated senior leadership. The founder remains very active and hands-on in the firm, as do the co-heads of advisory. We have aggressively hired top-tier talent over the past year from across the StreetAlready, we have seen very high levels of activity within our backlogs, and these new partners are taking serious roles regarding lead generation within the organization. Additionally, we’ve aggressively expanded in Europe with top-tier hires in Paris. I see great momentum for the firm moving forward.”

“Our firm continues to grow both from a business and personnel perspective, while it would appear others have stagnated or shrank. At a senior level, there is significant focus on developing junior bankers internally and preparing them to assume more senior positions in the future, rather than recruiting externally.”

“We are closing lots of deals, and the firm is actively growing. We have hired new MDs to expand, and there is enough opportunity to go around. Everyone feels very positive about the outlook of the firm. The future is bright.”



Evercore

55 East 52nd Street
New York, NY 10055
Phone: (212) 857-3100

Firm Stats

Employer Type: Public
Stock Symbol: EVR
Stock Exchange: NYSE
Chairman Emeritus: Ralph Schlosstein
Chairman of the Board of Directors and CEO: John Weinberg
Founder and Senior Chairman: Roger C. Altman
2024 Employees (All Locations): 2,100

Major Office Locations

New York, NY
Houston, TX
Chicago, IL
Menlo Park, CA
Boston, MA
London, UK
Hong Kong, HK
Toronto, ON
Singapore, SG
Tokyo, JP
Beijing, CN