Just speaking off of a friend who has worked there previously. One thing that is nice is that they do all of their own M&A in-house, which means you’ll get better exposure as you aren’t splitting responsibility with a product team. On the other hand, however, I’ve heard the hours are horrible and the culture isn’t great. I don’t know if the deal flow is good or not in conjunction with the hours, just that it’s a ton of hours.
Agree with the above^. From speaking to a lot of senior tech bankers in the industry, Citi SF Tech has definitely been on the rise more recently and is a great place for analysts to gain exposure. They do in-house M&A modeling and run very lean deal teams with only 1 analyst on each transaction, which gives you great exposure to develop key skills needed for PE or otherwise. This is unlike the tech coverage groups at firms like JPM and BofA that outsource the technical modeling work to a dedicated M&A product team. They are also currently the leader in SPACs advisory, followed by Goldman. Some of the recent exits from Citi Tech include Vector Capital, Marlin Equity Partners, Permira, H.I.G., GI Partners, JMI Equity, TA, Summit, Charlesbank, and Softbank. However, I did hear that the team is known for crazy hours at the analyst level (110+ hours for certain weeks) and an "intense" culture for the most part.
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They've all verticalized now, so depends on the sector you cover. Somewhat sweaty hours.
Just speaking off of a friend who has worked there previously. One thing that is nice is that they do all of their own M&A in-house, which means you’ll get better exposure as you aren’t splitting responsibility with a product team. On the other hand, however, I’ve heard the hours are horrible and the culture isn’t great. I don’t know if the deal flow is good or not in conjunction with the hours, just that it’s a ton of hours.
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Agree with the above^. From speaking to a lot of senior tech bankers in the industry, Citi SF Tech has definitely been on the rise more recently and is a great place for analysts to gain exposure. They do in-house M&A modeling and run very lean deal teams with only 1 analyst on each transaction, which gives you great exposure to develop key skills needed for PE or otherwise. This is unlike the tech coverage groups at firms like JPM and BofA that outsource the technical modeling work to a dedicated M&A product team. They are also currently the leader in SPACs advisory, followed by Goldman. Some of the recent exits from Citi Tech include Vector Capital, Marlin Equity Partners, Permira, H.I.G., GI Partners, JMI Equity, TA, Summit, Charlesbank, and Softbank. However, I did hear that the team is known for crazy hours at the analyst level (110+ hours for certain weeks) and an "intense" culture for the most part.
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Esse et suscipit assumenda similique vel. Et placeat consequatur aspernatur sunt nisi eos. Ratione recusandae minus error iure vel officia neque. Voluptates in adipisci sit quia velit. Quia nihil animi deleniti vel. Tempore voluptate magnam aut ut est. Iusto hic quo qui quos voluptates ipsam.
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