Vault’s Verdict

Evercore is ideally looking for quantitatively-driven, intellectually curious, hardworking, personable team players. For students, the firm runs a valuable internship program. Interns get excellent training, are staffed on live deals, and are treated like full-time junior bankers (which, in addition to getting a lot of hands-on experience, means hours can be long). For full-time junior bankers, there are numerous career development opportunities, including great initial training, ongoing teach-in sessions, a tons of hands-on responsibility early on, exposure to senior bankers and clients from day one, merit-based and transparent promotions, and excellent informal mentoring.

Although the work can be stressful demanding and long hours are typically required, Evercore’s collaborative and supportive culture and thoughtful staffing help to balance the workload. In addition, the firm’s leadership is proactive about protected time and allows schedule flexibility when possible. Meanwhile, the compensation and benefits are very generous. According to the firm’s insiders, salaries and bonuses are near the top of the Street, and the perks are great.

Evercore is committed to cultivating an inclusive culture and has several active employee resource groups and regular programming that supports professional development for historically underrepresented groups. Underlining its commitment to inclusion, Evercore has a vibrant LGBTQ community and employs a large number of veterans. As for the firm’s business outlook, Evercore is well positioned to continue to work on some of the largest and most impactful deals on the Street, it has a talented leadership team in place, and employee morale is strong.

EMPLOYEE REVIEWS

Hiring Process

• “The process was structured and competitive, with multiple interview rounds and a technical assessment. Feedback timelines were reasonable. The firm looks for candidates with strong technical skills, attention to detail, clear communication, and the ability to work well in a team. Cultural fit and work ethic also seem to be important factors.”
• “Technical first round interview, followed by a behavioral and technical Superday. We want quantitatively-driven individuals who are also client-facing and polished, as well as the type of person you’d enjoy working with every day.”
• “Two rounds of interviews followed by a Superday with four to five interviews. Ideal candidate is serious about the specific application, curious, and personable.”
• “Seeking smart, intellectually curious, kind, and hardworking individuals who work well with others and are easy to get along with.”

Interview Questions

• “Typical questions include walking through a past internship or assignment in detail, discussing key risks and how you would assess them, and completing a technical case study/model. There were also questions on valuation, financial modeling, and how you would think about a potential investment opportunity.”
• “Highly technical, merger math, LBO math, etc.”
• “A lot of multi-scenario cases, a lot of mental math, and valuation and accounting questions.”
• “Paper merger models, paper LBOs. Mostly technical questions, but at that point fit stands out more than anything.”

Intern Experience

• “I thought the training during the internship was impeccable. I felt incredibly prepared going into the role. The internship itself was truly indicative of the job full-time, and I enjoyed not having to wonder whether this is what the role is really like or not.”
• “I was staffed on live deals and gained exposure to the types of tasks I would have as a full-time analyst. This was intense and stressful but prepared me for the intensity on the desk.”
• “Incredible exposure, steep learning curve, and fantastic opportunity to build an understanding of the role and gain a foothold in the industry. Best aspects were being on high profile live deals, good culture for learning from juniors and seniors, and interesting work. Few negatives, but the role is demanding.”
• “The level of training is unparalleled—you learn how to build everything from scratch and are able to grasp directly applicable items to being on the job. Starting the job, you feel incredibly prepared and able to take on almost any task. You are wholeheartedly considered a full-time associate and are measured in that respect. The work is as heavy and you have grueling hours just as a normal associate would.”

Career Development

• “The firm provides exceptional hands-on responsibility early on, with meaningful exposure to senior bankers and clients from day one. Advancement is merit-based and transparent, and strong performers are consistently recognized and rewarded. The quality of mentorship is outstanding, with senior professionals  invested in developing junior talent and providing regular, actionable feedback. The firm also offers broad exposure across industries and geographies, creating real opportunities for both professional growth and international experience. Like any high-performing investment bank, the expectations are demanding and the pace can be intense at times. However, the workload is balanced by strong team support, accessible leadership, and a culture that prioritizes development alongside performance.”
• “Very good training when you join on the internship and when you arrive to begin the full-time analyst program. Now, six months in, we still have regular teach-in sessions with our team and across the M&A advisory platform where specific skills and analytical approaches are taught and knowledge shared across the firm. Great learning culture. As the firm grows, there have been increasing international opportunities, and I moved to the U.S. office from London, and the same is possible vice versa and with other offices internationally. Promotion is very clearly defined and seniority comes with growing responsibility and opportunities and very good compensation and benefits.”
• “The best part of the firm’s career development is the quality of work and the level of responsibility given early on. There’s a lot of learning that happens naturally through day-to-day work, and the informal mentoring from senior team members has been helpful and supportive. On the other hand, career progression could be more clearly defined. It would help to have more transparency around promotion criteria and what is expected at each level, so people have a clearer sense of direction and timing for the next step."
• “Evercore is a great place to work from a career development perspective. The sky is the limit—the more responsibility you can handle/take on, the more you get. Great training from both formal and informal tools (e.g., the blackbelt program).”

Quality of Life

• “Senior bankers and direct supervisors are highly accessible and genuinely invested in junior development. Feedback is frequent, constructive, and performance-driven, which creates a strong culture of accountability and growth. Despite the demanding nature of investment banking, teams are collaborative and supportive, and staffing is managed thoughtfully to balance workload across groups. Leadership is proactive about protected time, flexibility when possible, and maintaining a sustainable pace outside of peak deal cycles. The role can be demanding during live transactions or tight deadlines, and hours can increase accordingly. However, expectations are transparent, teams work together to manage peak periods, and the intensity is both predictable and tied to meaningful, high-impact work.”
• “Very group-specific at EVR. Within my group, everyone values each other’s time. You won’t spend weekends working on something that doesn’t need to be worked on precisely then. Generally, late nights and early mornings are for live deals or bakeoffs on strict timelines. I think it’s probably universal within banking, but I never feel able to unplug. I’m always on the clock.”
• “I have a pretty good work-life balance in comparison to what is typical on the Street, and that’s something I’m really grateful for. I rarely work weekends and leave before 8:30 p.m. most nights. I would say this is not common. The coverage groups routinely get crushed.”
• “The best part of the firm’s quality of life is the culture and the people. The team is supportive, managers are approachable, and there are good opportunities to work directly with clients. The work itself is interesting and meaningful, which makes the long hours feel worthwhile at times. The main downside is the workload and the number of hours required on a regular basis. While this is often part of the job, it can make it difficult to maintain a consistent work-life balance over time.”

Salary and Benefits

• “The compensation structure is highly competitive and clearly aligned with performance. Base salaries are strong relative to the market, and bonuses meaningfully reward individual contribution as well as overall firm results. High performers are differentiated appropriately, and there is significant upside in strong years. Benefits are comprehensive, and the firm consistently invests in perks and resources that support employees both professionally and personally. As with most investment banks, a meaningful portion of total compensation is performance-based, so year-end payouts can vary with market conditions and deal activity. However, the firm maintains a transparent and merit-driven approach to bonus allocation.”
• “The best part of the compensation package is that it is competitive overall, with strong bonuses and solid benefits. The total pay feels in line with the level of responsibility and the market, and the benefits package is comprehensive. The main downside is that compensation is closely tied to performance and workload, which can make it feel demanding at times. Greater predictability around bonus expectations and longer-term incentives would make it even stronger.”
• “Top-notch compensation, good meal perks and Uber credits. However, the 401(k) match only vests after 3 years.”
• "The perks a nice cherry on top of what I believe is top of the Street compensation."

Inclusion Efforts

• “We have very well-attended affinity network events, including a women’s event summit and a giant Black History Month event in which the firm brought in a ton of vendors to host a fair on one of our floors. I am personally LGBTQ and feel we have a very vibrant community here. We also employ a large amount of veterans and frequently have veteran guest speakers.”
• The firm has made meaningful and sustained efforts to foster an inclusive culture across gender, race, ethnicity, and the LGBTQ+ community. Leadership is visibly committed to diversity, and inclusion is embedded in recruiting, mentorship, promotion, and day-to-day team dynamics. There are active employee resource groups, formal mentorship and sponsorship initiatives, and consistent programming that supports professional development for historically underrepresented groups.”
• “I’m a member of the LGBTQ community, and there are group-specific micro cultures and mine is phenomena. I feel very supported and comfortable showing up to work as myself.”
• “Progressive healthcare benefits for LGBTQ+ and women. EVR makes strong efforts to celebrate culture and be inclusive—not just acknowledge but celebrate. One of my favorite parts of this is the keynote speaker series.”

Business Outlook

• “The firm is extremely well positioned within the competitive landscape, with strong client relationships, a differentiated advisory platform, and a deep pipeline of high-quality mandates. Leadership has been disciplined and strategic in navigating market cycles, which has strengthened the franchise and reinforced long-term client trust. The firm continues to invest thoughtfully in talent, sector expertise, and geographic expansion, positioning it well for growth as deal activity accelerates. Employee morale remains strong, driven by confidence in leadership and consistent performance relative to peers.”
• “We hired a lot of top-notch partners that are driving record revenue growth. We see continued upside in the firm’s investments in key geographies and subverticals, including Europe. Our governance is excellent, and John Weinberg (CEO) and the co-heads of advisory have an acute knowledge of how to sustainably grow our business.”
• “The firm feels stable and well positioned for the next year. Leadership has a clear direction, and there is confidence in how the business is being managed. Morale is mostly positive. The main challenge will be balancing growth and workload while maintaining the current culture.”
• “Evercore is the de facto independent banking leader. We are advising on the biggest and most complex transactions on the Street.”

UPPERS

• “The people at Evercore are amazing—smart and hardworking but also nice and caring.”
• “Live deal exposure, responsibility early on, learning opportunities, amazing clients.”
• “Great compensation.”

DOWNERS

• “The pace can be intense during live transactions, and expectations are high.”
• “Long hours.”
• “Inability to unplug.”