Haven’t seen this thread so might as well start it.
To my understanding it goes like this:
1) Financial Sponsors Group
2) LevFin
3) M&A
Is this still the case? Would love to hear everyone’s opinion and any recent exits into UMM PE, HF, etc.
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IMO sponsors is seen as top but very difficult to place into; M&A has seen some solid exits recently though it seems like they put in a lot more hours than the other groups.
Sponsors is a huge UVA group so much easier from there
Is it possible for non targets to place into sponsors
Agree here would add tech and industrials are best industry groups, especially since the vast majority of senior headcount in tech is NY now.
tech exits are solid (Francisco, TPG growth, etc)
.
12 months ago yes, always exited above weight class. 12 months from now, probably not.
The group just hemorrhaged senior bankers after Archegos. Almost entirety of SF was wiped out (1 coverage MD left), vast majority of internet and software bankers across both offices are gone.
plus, with SPAC market likely burning out (CS was top 1-2 SPAC player), would expect deal flow to dry up even more.
with that said, if you want to do tech at CS, NY is the place to be. 75% of headcount is NY (especially at senior level), and the group is pushing really hard to get new hires in the door by Q1-Q2.
tech is the most important industry group to the firm and where the most investment dollars will go into the IB, so I would expect the rebuild to be strong. But group is obviously hamstrung right now
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