Firm culture was absolutely amazing - no face time and no senseless work. Junior employees (interns, analysts and associates) were all VERY willing to help cover each other's work when stuff comes up. There's just a huge collaborative atmosphere at work so over the summer, I was never worried about 'competing' with other interns and I definitely see how this culture really flows through the entire firm.
Deal flow and deal experience was also amazing this summer. Even as an intern, I got to work on a whole host of amazing projects. The firm trusted me enough to give me real work to do on these projects too so I actually felt like I was contributing.
Training program was done in-house by analysts and associates at the firm, instead of farming it out to agencies like Wall Street Training. This means that the training was incredibly personal, very tailored to specific needs and far more in-depth and effective. I learned a lot from the entire program.
We only found out about whether we were getting a return offer on the last day of work, AFTER the end-of-internship celebration dinner (which was the second last day of work) so it made it a little hard to enjoy the celebration since we didn't know if we were actually getting a return offer yet.
Advice to Potential Interns
There's no doubt in my mind that Evercore is the perfect place to get your feet wet in Investment Banking. The firm is well-respected and you'll get to work on the same big name clients and projects that Bulge Brackets work on, but at the same time the firm culture is infinitely better and you don't feel like just a cog. I can't stress culture enough - if you're going to be working the hours you do in Banking, you'll definitely appreciate the very relaxed, open and collaborative culture at Evercore. Plus, Evercore has historically given out return offers to every single intern so there's no need to 'compete' with fellow interns.