J.P. Morgan Tech SF -- a buddy of mine worked there (just left before covid) and it was constant back to back 120+ hour weeks ... big facetime policy and overall group culture seemed to revolve around a "work hard, play hard" attitude. 

 

M&A or coverage group? I know the M&A side gets demolished. 

 

SF Tech M&A and Coverage both get fucked on hours ridiculously. Only upside is that Tech M&A exits are significantly stronger than Coverage and your hard work pays off in some form. Coverage is just a never-ending grind to nowhere coupled with some shitty office politics on the senior level (thank u, Matt!). 

Can confirm that JPM Tech analysts do indeed wave at the FT analysts at around 4:31 AM every day.

JPM SF HC grinds really hard too and its sweaty but the senior office politics is not there which makes it a less hostile environment. 

 

Hit up the bars in Castro ;) they know how to get down if you catch my drift 

 
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Working sweaty ib hrs in sf would really suck and be pure cuckery 

Most your professional peers in sf are working 40 hrs a week(and making more) in tech

At least in nyc the whole city grinds

 

this is hilariously true...not to mention if you're not at a Qatalyst or GS TMT or ms menlo and work in tech coverage, you're getting cucked on deal flow too. have fun pitching to $10m arr saas companies that are the next big thing revolutionizing god knows what with AI/ML/insert buzzword here while working more and making less than your tech peers

FT is sweaty as is jpm tech as mentioned above

 

We're not so bad. Sure hours are long. But this year I've worked mostly on live deals. Hardly done any pitches. 

 

Are there literally any pros to being in a sweaty group? Past a certain point I’d imagine hours worked/reps have diminishing returns in terms of “experience gained”. I know sweaty groups are great for exiting Bc you have a lot to talk about and hopefully a few closed deals under your belt, but what if you plan to stay in banking?

 

Sweatiness typically goes hand in hand with good deal flow, which often goes hand in hand with good exits. This is a super general trend with tons of exceptions, but it is often the case

 

Roommate works at Citi tech. He says they're  pretty chill. We both WFH rn and he always logs off much earlier than I do. 

 

UBS had 2 MD's covering sponsors out west in SF, surprised to hear no junior team. Any insight into DB sponsors?

 

Know multiple people there. Pretty much what you would expect, brutal hours in exchange for top exits. In the outgoing class pretty much everyone got a top exit besides one person who came from an very non target school. Though to clarify, hours being bad does not mean culture is bad. They just have a lot of work to do.

 

HC capital markets one of the strongest on the street with a solid TMT team. They've been killing it recently especially with their spac practice but they are fairly sweaty from my understanding. Not terrible on facetime but strong dealflow hence longer hours as any good bank may have

 

Any info on Liontree SF? Have heard those in the New York office get worked pretty hard

 

FT is the grimmest place I have ever heard described. I know multiple people who have worked there, and the culture isn’t sweaty - it’s downright inhumane. Their founder is an absolute megalomaniac who is unfathomably petty. Given your accurate points about poor exit ops, I would highly caution anyone from ever considering a job there. I am posting anonymously for a reason... hopefully their owner doesn’t buy WSO for an egregious price simply to initiate libel suits against anyone who ever spoke negatively of the firm. Just not worth it.

 

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