Bofa PA Tech vs EVR MP Tech vs Jefferies SF Tech
Sincerely asking for help for ranking these in deal flow, learning experiences, exits, and culture, thank you a lot
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Not Jefferies
As in culture? and what about Citi SF Tech
Believe Citi SF Tech has a brutal culture but great deal flow and exits as of late. Here's a comment from another post:
Either BofA or Evercore. BofA if you want to sleep at night.
BofA PA is moving to SF end of this year, so evercore if you want to be in South Bay.
Didn't they just move into new offices down there? Made a big deal out of it in their recruiting presentation.
Yep, renovating a new floor in SF as well. Will keep both offices open, SF will be the main hub.
But is it true that deal flow and learning experience wise, Evercore is better
Bofa > EVR > Jefferies
Before all Jeff hardos come at me, they're a phenominal fast growing shop, but BoFa has a chokehold. Evercore NYC is phenominal, but it kind of feels like they fall behind other EB tech shops (Laz, Qatalyst, etc) in the SF area.
Also BOFA chill AF. Evercore is gonna kill you or try to at least, and Jefferies is known for being THE sweatshop. If you don't cry in the bathroom at 1AM then it isn't Jefferies.
Best Exits come to Bofa, then EVR, then Jeff. But honestly you'll get looks from all three for pretty much everything (besides MF w/ Jeff).
Per deal flow, BOFA and EVR like big boy tickets, Jeff is a volume shop, and historically take smaller cases.
Learning Experience goes to EVR/Jeff > BoFA, smaller teams means more responsibility and less sleep. But you hold the pen on models.
Note: A1 at BB, no skin in the game.
Thx for the help! How good is Jefferies' exits if I work my a off for two years
Dude if you go to a decent school jefferies will take you further then some BB’s. It’s a growing firm, but culture is VERY group dependent.
You’ll get good looks, trust.
(EVR is daddy tho)
LMAO what exits are you talking abt for BofA over Evercore. EVR MP beats them in deal flow and exits (pretty much all to MF)
Bro definitely works at BofA lmao
.
EVR MP has a brutal culture, particularly software team and you can't avoid software staffings.
I c, but I chatted w their associate, the recruiting person, and he seems lik the nicest person I have chatted w
tbh I would rather work on software deals than internet or semis
Mm I hear you - I agree software deals are better for PE exits (Sponsors are not buying unprofitable marketplace internet companies or D2C anymore).
However, the model at EVR MP is to transact the same type of software upper mid-market assets to the same sponsors non-stop (the Software SMD has made his practice the closest to a recurring business as you can do in banking).
As Robert Smith famously said "Software companies taste like chicken" so your typical process will be: 100 page bakeoff for an obscure identity security company based in the Midwest. You'll do a non-strategic very sponsor focused fast-paced process. Respond to DD requests ASAP 24/7/365. Then you'll close and do it again, and again, and again...
One thing I would note for BofA PA - there is a meaningful difference in the lifestyle of analysts depending on your bucket. The group generally "gives up" on bottom bucket analysts, and they tend to have a great lifestyle because of it. For the top/upper middle bucket analysts (ie - the best 4 out of 15 analysts in the group), they generally get worked like a dog. Was a few years ago but speaking from experience, I had hours as bad as my friends at banks known for being sweaty simply because BofA PA really cranks it's best analysts. They tend to over staff them, give them the most time consuming stuff, etc. And this rang true for the other analysts at the top of the group. I know this is probably partially true at other banks, but the spread was horrific at BofA. The bottom bucket analyst probably worked 60 hours a week and the top bucket would consistently eclipse 100 or more. Staffers would even say they’re not giving staffings to bottom bucket analysts and ask the top to just shoulder another. MDs and VPs would refuse to take certain analyst and then just staff who they wanted. Anyways, I just bring this up because yes the group is generally less bad on bottom and middle bucket analysts, but for the top ~4, I would expect hours as bad as almost anyone.
This is a fascinating post. I knew bofa could be laid back, but RIP to those 4 analysts
I see, thank you for the help
I mean this’ll be true at most banks to be fair. See this in my group as well where the best get grinded just given the technical nature of the group (regularly stay till 3-5am) and the worst analysts leave at 10pm every day.
Lol easy Evercore
Evercore MP is the best out of the three, but beware the culture there is brutal. Also should note that BofA PA verticalizes analysts between coverage and M&A.
Yep thx! Yep know about the M&A and Coverage. If I wanna go to Coverage, does that mean Lik I wouldn’t learn that much cuz all the technical works outsourced to M&A group?
Depends on your interests. The analysts I know in coverage are fine with it because they're interested in learning about the tech companies themselves and also doing a lot more ECM work (which when markets are normal are a big part of tech banking). If you want to focus on M&A definitely go for M&A though.
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