Citi SF Updated Reputation and Exits
got an offer from Citi's Tech Group in SF and wanted to hear people's thoughts on this group. Saw on a recent thread that analysts have placed pretty well for the past two cycles to Silver Lake, Thoma and also many top GE shops. Wanted to hear more about the deal flow of this group and how it compares to JEFF/BAML/Barclays and whether it has the potential to catch up to JPM/Evercore with the new MD hires? What do you guys think of this group 2-3 years down the road? With tech banking deal flow concentrated so much between GS/MS/Q, is it possible to take up a significant amount of deal flow and grow fast?
with its competitors, heard that JEFF is growing very fast while BAML tech is on the decline losing some of the top seniors. Could this also translate to better exits for those faster growing groups?
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All these groups have deal flow. You’re literally name dropping banks in the top 10. If you’re talking tech deal flow in terms of total fees generated, Citi/BoA/Barclays are actually all higher than Qatalyst. I think you’re talking about deal flow quality per head. And if that’s the case, I think every bank is struggling with that right now. No single tech shop is going to have everyone grinding on the next sexiest m&a deal and every analyst will do bullshit work regardless of whether he’s at GS/MS/Qatalyst.
The simple answer to your question is no it will not catch up to GS/MS/Qatalyst on deal flow quality on average. But if you’re a top tier analyst at any of those shops, you will have top tier deal experience. It’s unfortunate that skill and nepotism drive deal experience on an analyst level. I’ve seen analysts from DB with better deal experience than analysts from GS.
At the end of the day, top analysts from any of these banks get PE looks
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