Evercore is a good place to work. In the U.S., the boutique M&A firm came second behind Goldman Sachs in Vault's most recent ranking of the most prestigious finance firms to work for. It came first for formal and informal training. In London, Evercore pays an average of £379k ($512k) per head and has been doing some heavy hiring. It's also been going all out to hire as many female graduates as possible.
We understand that this year's Evercore analyst class in London is comprised as closely as possible of 50% women and 50% men.
This might sound normal, given that the general population is evenly mixed, but women typically apply to banks in smaller numbers than men with applications typically skewed 60:40 (or more) against them. Last week's photograph of Barclays' new analyst class seemingly contained plenty more men than women, for example, and a photograph of this year's summer analyst class at boutique firm Raymond James (shown below) suggested that around 75% of the intake were men (while the three HR people supervising them were all women).
Evercore's alleged London outcome is therefore impressive. It's understood to be the result of hard work and an overt (although unofficial) policy of equalizing the sexes at the outset.
Evercore didn't comment directly on the claim. A spokesperson for the New York office said the firm makes, "significant investments" in people and that building a diverse team and attracting talented people to the firm is a core value.
For the moment, Evercore's new London analyst hires have yet to be added to the Financial Conduct Authority (FCA) Register, making it difficult to confirm that equalization has indeed occurred.
Young women hired into this year's Evercore analyst class include: Eleni Kontosi, a graduate of London's Imperial College, and Sophie Whitehall who previously worked in UK financial planning and analysis at Credit Suisse.
Although Evercore still seems to have plenty of young male analysts, the alleged effort to make sure men and women are hired in equal numbers might raise eyebrows among male students who could find themselves at a disadvantage as a result.
Have a story or comment you’d like to share? Contact: email@example.com