Wanted to know a little bit more about the differences between the tech group in NY vs Menlo @ EVR. Which group has better exits/ is the difference significant?
Interested in a career in Technology investing (public or growth/PE investing). Thanks for the help
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I frankly don't know much about either of these groups, but figured I should mention that I know that the Menlo Park team is really busy, and the people who work there work really hard as of last summer.
I don't know if that is the case now, but I know at least one person who went to tech BD from that team and at least one person who went to VC from that team
Awesome thanks! Accepted an offer there recently. Wanted to know if ppl thought it would be helpful to recruit for NY for full time. Heard that pipelines in bay are pretty poor.
Anyone have insight on NY group? Heard that tech is headed in Menlo and NY group culture is really sweaty
EVR Menlo is really, really sweaty. 90-100 hours for the interns weekly. Last summer ~40% of interns are returning. I also have friends at EVR NY, and tech is supposedly one of the sweatiest groups in NYC as well. Really hard to choose between the two, but not for the right reasons. Exits are good though.
The play is to go after NY Media. They officially cover “Media & Information” so they end up doing a fair number of deals that you’d think would be covered by the Tech teams. They place lights out at MF and are a generally better culture than Tech. That said, better culture doesn’t mean it’s not sweaty. They do a ton of sell sides so you’ll be knee deep in processes which can get overwhelming.
Interesting thanks. Are exits at Evercore Media better than tech (from both Menlo and NY) or is it just culture that’s better
Once again appreciate the help :)
EVR Media has the best exits of all of EVR M&A NYC
EVR Media senior team goes out of their way to help analysts during recruiting. Your mileage will vary with all other teams
What are some of their historical exits
From my friends, the new york evercore experience is a lot more fun, but both exits top notch.
NYC M&A TMT has the best exits in the entire firm
We don't have TMT...
Tech led by Naveen and Tom
Media & Info by Sobol, Knee, Graf
Communications by Qazi and Dan
Tech Menlo is a different beast. Just hired a lot of Citi people. Not great culture nor MF exits (self selection?)
When I say TMT I mean the T/M/T split (all three groups) ... which do have the best exits at Evercore.
Right about culture changing but couldn’t be more wrong about exits. Those who want MF get top offers from Warburg, TB, Silverlake but admittedly Bay Area tech people want GE/VC/Startups.
Heard Naveen is a hard person to work for; but that is banking for you.
Tech MP just hired Herb from Citi along with few other senior bankers. Huge turnover in last 18 months; culture has changed quite a bit.
A friend works in the NY Tech group. Ton of deal flow from mega caps to relatively small private company fundraising situations (especially in fintech with a new SMD who joined from Citi). Culture is rough but apparently it has gotten better in the past 12 months though it's still one of the worst if not the worst across all groups. Exits for analysts are top notch (BX, Thoma, Apollo, TPG, some HFs) so it doesn't sound like a bad deal if you are optimizing for great exit and pay at the expense of WLB and mental health for a short period of time.
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