The firm, above all, values its culture and employees. While the nature of the job often entails long work hours, Evercore prioritizes the betterment of its junior employees at all times. Throughout the summer, there were numerous corporate events during which we had the opportunity to get to know our co-workers (MD's and all!) on a personal level. While the investment banking lifestyle is not a walk in the park, Evercore makes it more than manageable by maintaining a culture that highlights mentorship and communication.
At the beginning of the internship, we were asked what industries we would like to work in during the summer. Based on our preferences, we were staffed on various projects. While the staffer kept tabs on how many projects we were working on at any given time, it was not communicated how analytically intensive said projects were. As a result, some interns received a great deal of analytical work from the beginning of the internship, while others had to wait until the very end to receive any sort of modeling experience. While it is difficult to assure all interns receive the same amount of analytical work (by their very nature, no deal is the same), a stronger flow of communication between the deal teams and the staffer concerning what type of work each intern was doing would be beneficial in the future.
Advice to Potential Interns
No other firm comes close to comparing to Evercore in terms of easing one into the IB lifestyle with mentorship and communication. Some individuals will know from the beginning that they prefer a bulge bracket experience, in which senior banker interaction and a lean deal team experience is non-existant. However, for those open to all types of experiences within the investment banking field, I highly recommend such candidates strongly consider Evercore as a top choice. From speaking with individuals from all other firms (Goldman, Morgan Stanley, Credit Suisse, Lazard, Moelis, and Citi), no other culture promotes a similar level of intimacy and comfortability as Evercore. Individuals from such other firms will explain that "the people" is what makes the firm unique. However, these individuals will also explain to you that during their summer experience, they rarely worked directly with a partner or MD, and had to stay at his/her desk each night until his/her analyst left. At Evercore, there is no such thing as "face time." There is no grunt work that is done just for the sake of staying busy. All work is purposeful, and even at the junior level, one is given the opportunity to sit in on meetings with partners and is encouraged to state one's own opinion. Most importantly, there is life beyond the office - once work is completed, there is no need to stay in the office until your higher-ups finish their work. While other firms explain that their respective cultures are unique, I can assure that none is quite as enjoyable and open, but also hardworking, as that at Evercore.
Advice to Management
All facets of the company I experienced over the summer were top-notch. The one suggestion I have to the firm is summer training. Our training program was all done internally, and over the years has become more and more structured. While the program is almost there, there are still a few things that need improvement. Perhaps a small pamphlet/intern manual that describes how to go about completing firm-specific actions would be beneficial.