BofA Sponsors SF vs Tech M&A Palo Alto
Any opinion or insight on these two groups? I know sponsors is strong at BofA but how does the sf office compare on the street and where does the tech m&a group stand compared to other tech banks as well as exit ops. Thanks!
SF Sponsors is a very strong group. Definitely go there if you have the opportunity. BofA’s TMT team has been decimated; best to avoid.
Agreed, historically Tech M&A out of PA has been a strong group; but, its deal flow is linked to the TMT coverage group. The same group that has lost ~30%-~40% of headcount, including its top 3 bankers.
Yes, sponsors both in NY and SF has the best PE recruiting at BofA
https://www.bloomberg.com/news/articles/2021-05-13/centerview-is-said-t…
This shouldn’t even be a question
Do you mind elaborating your thoughts?
Dogmatic prospect who doesn't know shit from Shinola will not.
Bump
Both groups are great. Would say SF FSG > TMT but IMO it's marginal and I will explain why later in this post. This comes down to whether or not you want a super small analyst class, focus on credit/debt-heavy transactions and be in the city of SF. If you said yes to these three things, hands down pick FSG.
BOFA SF Sponsors has a very small analyst class (~2-4) and usually takes 1-2 interns. If you get into this group, you can get interviews at any place you want, at least on the West Coast. I'm sure East Coast recruiting is fine as well, a recent analyst went to PPC Enterprises.
Just because of the sheer selectivity of it and the consistent exposure to the biggest and best PE firms, I would take it over BofA TMT Palo Alto. Not saying PA is a bad group, its actually pretty good. (Know people who went to Francisco Partners and TB). But as other commenters have mentioned, BofA TMT has taken a hit with certain departures and a decrease in headcount.
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