Barclays Menlo in 2023

Does anyone have any info/updates on Barclays Menlo in terms of deal experience, culture, and exits? Most threads on the office are relatively scarce and would appreciate any updated insights on the office.

 

Decent exposure across all verticals (software/internet/semi/hardware), with a pretty strong mobility practice. Back when the markets existed, the office had solid ECM activity (solid IPO exposure) and debt financing exposure, and ok but not great M&A exposure, with most deals being buy-side advisory (read: acquisition financing). Overall, probably in-line with the mid-tier BB Bay Area groups (BofA, Citi).

 

At Barclays for over 5 years but not in the Menlo office. MLP/SF is so much better than 5 years ago, it's almost unrecognizable. Better MDs and seniors by a country mile, better Tech LevFin and Tech ECM practice to back them up, stronger junior recruiting, nicer and upgraded offices. Sure it's not Qatalyst but it's in a different tier than where it used to be if you read older threads.

 

Do you know if juniors at MP are verticalized within a Tech vertical?

 

Do analysts get the choice to work in the SF office or the Menlo Park office? For example 2 days in menlo, 3 days in SF?

 

interviewed with them in 2019 (TMT) and now everyone I spoke to has left to tech-focused VC’s, or FAANG corp dev. They worked with a lot of semiconductors, seemed like their deal flow was strong, and the team came across very intelligent and capable. But yeah seems like people do their time there and then exit to a better position so strong exit ops.

 

It’s tough because tech IB is dominated by Qatalyst and GS, but Barclays actually does pretty well in MP. You probably won’t get much sell side M&A, but they usually get the #3 spot on the syndicate for high profile IPOs, and do a lot of interesting LBO financings/buy side advisory. Plus the culture there is really great

 

They’ve done well in terms of exits in the past couple years. Off the top of my head, 1 went to Evergreen, 1 HIG, 1 Searchlight, 2 STG. I’m sure there are other impressive exits I just don’t know about as well

 

Lol, just curious did any VPs or directors also leave with the MDs? I read pretty much every MD worth anything has left the west coast office

 

Ut dolorum quasi hic ipsa et error laborum placeat. Quos incidunt pariatur dolore magni. Repellendus et consequatur sed consequatur et et debitis. Dignissimos tenetur et nesciunt non.

Repellendus dolore quidem voluptatem tenetur exercitationem esse voluptas. Et modi placeat placeat voluptas. Consequuntur est maxime voluptas debitis qui quia. Vel quia tenetur ut explicabo occaecati quam. Alias quaerat eaque aperiam quis a esse voluptate ab. Iusto voluptatem alias accusamus quod voluptates. Ex vel autem consequatur possimus.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”