J.P. Morgan IBD TMT vs. DI

Can anyone speak to the differences between the J.P.'s Tech, Media, and Telecom group and their Diversified Industries group in terms of overall image, culture, exits, etc.? Any insight would be much appreciated.

 

TMT is one of their stronger groups. Telecom vertical is especially strong, very arguably best on the street. Limited sample of people I've spoken with (an associate and an analyst) say they really like the group but it is a complete, complete, complete sweatshop. I don't have any real info on industrials so it will be hard to use the above as a point of reference.

 

JPM Telecom was lead advisor on the $10.5bn Frontier Comm. - Verizon landline deal in February, and also advised on the 5bn Verizon divestiture to American Tower Corp. that announced that day

 
Best Response

Are we talking about EMEA or North America? For EMEA, J.P. Morgan TMT has a strong reputation and it is considered one of the leaders in Telecom and in some other niches (e.g. payments). Analysts there have been recruited by top PEs shops including Blackstone and summer interns received HH calls for places such as Blackstone and SilverLake. Cannot talk about DI position against competitors, but J.P. Morgan has been reported as working on the buy-out of Pirelli, c. €7bn transaction, had a leading role in the creation of FCA (I think it was VEBA advisor). People from DI have moved to funds such as TA Associates and Bain Capital.

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