best Technology IB Group?
which bank has the best technology IB group? (for NYC). curious about this appreciate any insight...
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NYC? GS TMT Globally? Qatalyst Partners in SF
I think GS TMT still takes the cake globally due to APAC presence
MS Menlo is most definitely by far the strongest compared to everyone else (even PJT RSSG, and lower tier PE funds like TPG and Carlyle). The buyside headhunting is unparalleled.
I disagree that Q is the strongest. GS TMT/MS Menlo/Q are pretty similar when it comes to dealflow quantity and strength within tech (MS - IPOs, GS - M&A and IPOs, Q - M&A) However, exits are where GS/MS are stronger due to Q's career banking nature.
As someone in the industry, I will tell you that once you get to that tier of bank, you will have access to pretty much all opportunities afterwards. It is pretty much entirely dependent on the individual as for placement afterwards.
Fellow Richards, what bank do we all say? Say it in unison!
Jesus Christ this forum is like greekrank nowadays with the weekly rankings
If you even try looking up TMT you'll be flooded with GS results... how new to this website are you?
For reference, GS NY TMT will do like 75% media deals and 25% tech deals. GS SF TMT will do like 95% tech and 5% media. NY gets to work with companies like SpaceX and Disney while SF works with companies like Amazon and Airbnb. If you're more focused in software or semis, things like that, I'd recommend you recruit SF. If you're more focused in the media/telecom side then you should recruit NY because most NY TMT banks focus more on MT and do tons of pitching for actual tech deals. The exception is GS because it's GS.
NY would be GS hands down. MS East coast tech is historically weak. Amongst other BBs in NY, JPM is solid and I believe BAML as well (less sure on that).
West Coast as stated above Qatalyst and MS, GS also strong. Grimes runs MS Menlo very differently from other groups within the firm and commands huge respect. I remember seeing one of their pitchbooks for an IPO, and they had a timeline graph showing every interaction (phone call, email, in person meeting all in different colors) between MS and the client over something like that last 5 years. A complete mess of a graph, but obviously got across a certain point about the strength of the relationship (a bit ridiculous if you ask me, but whatever works).
Edit - MS breaks up media and comm separate in NY. That group has historically been quite good, though the top guys keep leaving (Taubman a while back now and the co heads went to CVP as well), not sure on deal flow in recent years