Just seen that they have announced the hire of 10 MDs and doubled its tech headcount.
Pretty interesting to see them do this considering the current market.
Will hirings and deal flow pick up towards the tail end of the year / beginning of 2024?
| +272 | Looking to raise a Billion Dollar Fund - College Junior | 41 | 4h | |
| +215 | It doesn’t need to be this way | 30 | 8m | |
| +136 | Career Bankers, Was It Worth It? | 45 | 1h | |
| +133 | Biggest gripe in IB: people with no balls | 37 | 2h | |
| +133 | What to expect during your IB summer internship and how to secure the full-time offer | 6 | 6h | |
| +83 | RBC M&A vs PJT RSSG | 14 | 2d | |
| +81 | I FINALLY DID IT, I GOT A FT OFFER! | 14 | 6h | |
| +66 | Vanderbilt ($$$) / Northwestern ($$$) vs UF ($) | 36 | 3h | |
| +63 | Did I mess up by correcting my VP Publicly? | 20 | 1d | |
| +59 | MD Can’t Unplug | 17 | 26s |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
I wouldn’t expect this elsewhere in industry. Moelis has had strong growth over the past few years so they are in a unique place to continue hiring. Also, the majority of those new hires are proven bankers poached from SVB.
Nice move. Likely just opportunistic, wouldn’t use it to read into market conditions.
Poaching MDs is often just a sign of deal flow reallocating between banks and not always a sign of an uptick in overall deal flow. More so a positive signal for Moelis than a positive signal for IB as a whole.
Will be interesting to see the payback on that. Going to take a long time for the revenue to materialize. Any educated guess on what kind of guarantee they put up? Doubt they’ll earn it back in 2 years, certainly not 1.
My question is always how these banks keep MDs after their guarantee is up. Doesn’t seem like a lot they can do to differentiate and avoid the highest bidder situation. I guess if I were an MD I’d want good MD’s in my connected groups (ie coverage guy wants good M&A guy) but that seems tough to rely on.
No MD who leaves a bank after they guarantee is up will be able to pull that move more than once, twice if extremely lucky
Similar to an analyst who laterals, once you make a move you are kinda stuck there for some time. Only that at the MD level it is even more, as you are the one running the team
It probably depends on the market, the MD and the banks involved, no?
Modi neque sapiente provident. Corporis illum distinctio aut corrupti magnam aspernatur dolore. Molestias laudantium voluptate tempore harum rem. Repellendus tempora sunt suscipit voluptatem vitae consequuntur ipsam.
Ipsam quaerat iure magni. Et omnis qui quis consectetur quia explicabo. Enim voluptatem et est occaecati aperiam non. Est facilis quas dolor in. Nihil iure modi omnis eos. Et asperiores dolor ut voluptatem aut quas.
Corporis et sed non numquam. Velit dolor quos beatae non. Voluptatem quos non autem iste quas qui autem.
Itaque et soluta nihil reprehenderit corporis explicabo et. Dicta autem voluptatem magnam distinctio. Qui magnam quis explicabo ea temporibus voluptatem incidunt possimus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...