I know a lot of banks run their Tech groups out of SF. Which banks offer best experience for tech in NYC in terms of deal flow, exit opps, etc.
Note: this is specifically for Tech. Not media and telecom
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Just go to SF if you want to work in tech. Literally the center of the tech world. All this Austin Miami talk is just a mirage at the end of the day Silicon Valley ain’t going anywhere. Don’t get me wrong those cities will likely continue to develop a presence in tech but it will be nothing compared to SF
Not everyone wants to live in the shithole titled San Francisco.
It's honestly a lot better than I thought - I think it beat my expectations because people on WSO shit all over the city (no pun intended).
Calling Vista, Samsung, Google mirages is p bold statement
I’m not too familiar but I know Evercore’s Tech team in Menlo Park often executes deals alongside their NYC counterparts, mostly due to being overworked.
Looking for more info about BB/EB tech groups
You’ll find that most banks have SF and NY tech groups but that the center of gravity of the group is towards SF
Barcalys Tech team is getting a lot of traction lately, ranked #5 in Tech U.S M&A in deal value. From my understanding, Barcalys Tech team in NYC is stronger/has better deal flow than their West Coast office. Separately, Barclays Tech team does in-house modeling might count for something.
Can you post this league table
did a Barclays Tech bot write this
haha not a bot, might have sounded too formal writing that
here's the league table from thomson one:
Why are people giving this ms? Didn't someone literally just post the league tables below?
It's also the only BB Tech group that's actually based out of NYC rather than Bay Area, for what it's worth. A bunch of current analysts are planning to exit to some pretty solid players in Growth/tech PE, according to my buddy in it. But it is a hellish culture, allegedly especially in their software vertical, which is by far the biggest part of their dealflow. They also do super well in fintech/payments and telematics (car tech)
Hi HR!
The bit about stronger deal flow in NY vs West Coast is not true based on conversations I have had—just repeat of what you probably read on old threads. The head of the group (Laurence Braham) sits in Menlo Park and the deal flow out of the office has been very strong, especially in software. Theyre #4 among BBs among software equity offerings atm and have done 15+ sell-sides this year. Not to say that the NY office isn’t killing it as well though.
Marco supercedes Laurence, tech is run out of nyc
The top barclays software MD sits in NYC, as does the group head.
Who’s Barclays?
What the above poster is true, not sure why he/she got MS..from what I know Barclays does M&A within coverage, has its Tech separated from its Media/telecom group, and has a large NYC Tech team unlike other BBs and the group has strong deal flow. Most others BBs have larger teams/presence in west coast.
Bloomberg M&A NA league table also has Barclays overall at #4 ytd so IB franchise is doing really well.
Thank you prospect for your industry knowledge
From my understanding, NY typically is biased towards hardware/semiconductors/communications but the sexy verticals like AI software are still primarily in the SF Bay Area
The problem with league tables are co-advisory deals
co advising is awesome. 20% of the work, just under half of the fee, all of the resume cred.
This thread did a great job of discussing everything except the best tech groups in NYC
Tier 1A:
GS
MS
1B:
Evercore
JPM
2A:
BofA / Barclays / CS
Citi
2B:
Jefferies
Qatalyst definitely fits in 1A but they’re SF
Not sure about CVP since analysts are generalist
I would amend 2A:
BofA / Barclays / CS
Citi
On the west coast BofA and CS are seen as the strongest mid-tier BBs in tech followed by Barclays. For purpose of NYC rankings, I would put Barclays higher since they have a larger NY tech presence relative to other BBs which are more west coast-centric, but for SF/Palo/Menlo it's more like BofA/CS then Barclays/Citi.
For reference, I'm at a MF growth shop in SF and this is how we view the BBs and how I would prioritize if shooting for growth exits.
Also, LionTree has fantastic exits to growth/VC given the nature of the role
Fair enough. Edited!
How do you view the EBs? Like how are EVR MP, LAZ, CVP PA in terms of recruitment at your firm? What was your background prior to joining growth?I'm a SA at one of the above and very interested in pursuing growth opportunities in tech
Is the above based on solely on NYC teams? If yes, how is BofA Tech higher than Barclays Tech NYC? BofA NYC has tech within TMT so bulk of deals are media/telecom in NYC since west coast BofA runs bulk of tech deals from what I’ve gathered ..
Purely based on overall sheer numbers, Barclays Tech is also higher in league tables as seen above.
Just curious at how you arrived at your ranking?
Definitely possible some reordering is needed in my ranking which is why I prefaced it as my subjective view of things. I work in SF so that could also change things.
Came from one of the 2A and would agree this is pretty accurate.
For 2A, BAML M&A is more actively involved in Tech advisory mandates than at Citi (rarely get M&A junior support) and Barclays (done within the team), but I’d still say they’re all the same tier since BAML tends to get higher quality mandates.
Could you comment a bit more on MS tech in NY? Thanks!
how is jefferies so high wtf? even higher than ALL the other boutiques wow
think JEF is basically a de facto BB now. covid period has been crazy for them
Barclays NYC tech is really quite good and perhaps the only tech group bigger in NYC vs SF/menlo park, not sure why previous comments were MS'd. JPM and Bank of America are also strong in NYC, and obviously you have MS/GS.
Could anyone comment a bit more on MS tech in NY? Know MP office is quite strong. Thanks!
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