EVR MP vs JPM SF (Tech IB)
Which team is better for tech banking (in terms of deal flow, quality of deals, experience, culture, etc)
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Pretty there is an M&A team at JPM SF that does the modeling and the tech team is mostly there for coverage and ECM.
based on convos it seems like regardless of m&a vs. coverage you get modeling reps - if this is true, would say JPM > EVR
I dont believe that is true in practice for tech. For SF HC I believe that is the case and sometimes they dont even invovle M&A. Regardless I would not pick JPM over any EBs. Shit pay, mediocre talent, deal team sizes of an entire football team, financings galore, politcal af, and mega anti PE recruiting.
also maybe this is for different thread but how does recent senior exits at MS Menlo change sf tech competition among firms generally?
Evercore Menlo Tech is better overall IMO, don't think anyone takes JPM over it
+1
+1 too, some glimmers of light in that office but it’s a meat grinder
wdym
Is either group hiring?
Both have
yes
Take EVR MP, better shop
JPM Tech bringing in 4 dealmakers from various banks. Unfortunately Madhu and Drago leaving is a huge loss. Pankaj still there (for now). Unclear the short term impact but deal flow to junior level is fine.
I've since left banking but the people on this forum grossly overexaggerate the impact of modeling or talent or deal flow. Sure the Tech M&A guys does a lot of the modeling but the best Tech coverage guys do the same amount if not more. If you suck at a coverage group you may just get stuck on boring financing deals. Cause you suck and no one will put you near a model. The reality of "coverage vs M&A" is more like if you are good at modeling you can do what you want. No one is really going to oppose it.
Will you still get outsized placements / outcomes / career trajectories if you are solid to begin with? Yes.
The two groups are relatively equivalent from an-outside in perspective
How are the new group heads CG and GM? Do they bring in a lot of dealflow or they more admin guys?
.
CG is really promising. Great dealmaker and client guy. GM is more admin of the two and drives NYC business on mostly tech services. But neither are Madhu (yet).
What do you think comp looks like for those two? They seem more junior compared to a Madhu or Pankaj
Evercore Menlo is definitely better positioned at this point. They've made stronger recent hires and are leading more prominent deals across the tech space. If you're looking for a broader brand name beyond finance, JPM is the choice. But if your goal is to build deep skills in finance, modeling, and deal execution quickly, Evercore Menlo is the stronger platform by far.
JPM Tech SF has the worst people
agreed
any updates?
EVR MP might not be Jeff HOU-level bad, but it's pretty bad WLB-wise. Culture sucks; there's a reason turnover is so high. Everyone who joined the office came in from a similar position, and people burned out at a rate significantly higher than in other firms.
are the hours as bad / sweaty as EVR NY Tech? Heard that Tech in NY is the worst in terms of WLB
Worse, and people are generally worse. IMO, EVR NYC isn't that bad tbh, at least culture isn't too terrible.
Bro any top group with strong deal flow will have a shitty wlb. Name me one such group that does not. EVR Menlo has a strong deal flow in a sector that is of strategic importance to the firm (Tech) so ofc it is going to be sweaty. If you want some chill wlb go to a DB or UBS (no offense to them)
Sure, good groups = bad WLB, but a good group does not necessarily mean shitty culture. There are good groups, including at EVR, that have a good culture, unlike EVR MP. Culture is more so a reflection of the people there, while WLB is more so a reflection of headcount vs. deal flow.
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