Currently at a BB TMT group looking to lateral. Can anyone shed some lights on the difference between the two tech teams at Evercore in terms of coverage areas, comp, culture, exits etc? I'd imagine that MP covers a wider universe of tech sub-sectors vs NYC that does mostly large-cap or tech services?
| Current and Former UBS Bankers: Do You Regret Joining? Was It Worth It? | 38 | 1h | |
| +181 | UBS IB Americas has failed, now behind Santander and Stiffel | 35 | 3d |
| +158 | Some banks are overrated as fuck | 52 | 2d |
| +143 | Beware all those preparing to recruit for '28 | 41 | 17h |
| +38 | Post-IB Paths (non-buyside) | 9 | 31m |
| +35 | Does making it in IB mean killing your personality? | 11 | 1d |
| +34 | How to be satisfied | 23 | 16h |
| +31 | Any tips for sleeping well? | 10 | 34m |
| +28 | Weird Question: Would you rather your MD be someone you despise, or someone you love? | 3 | 46m |
| +27 | Summer Class is wild | 17 | 11h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Based on the most helpful WSO content, here's what you need to know about Evercore's tech teams in NYC and Menlo Park (MP):
Coverage Areas:
Compensation:
Culture:
Exit Opportunities:
Key Considerations:
Ultimately, both teams are highly regarded, and your decision should align with your career goals and preferred working environment.
Sources: Evercore Menlo vs Lazard SF vs Greenhill SF vs PWP SF, Full-time: Goldman (NY Classic - not TMT/FIG) vs. Morgan Stanley Tech (Menlo Park) vs. Evercore M&A (NY), Evercore NYC M&A vs PJT NYC M&A for Private Equity and MBA Exit Opportunities, SF Tech, Rank EB’s in SF for Tech
bump
NYC Tech does more tech services and special committee work, MP Tech focuses on a wider range of verticals (software, semis, internet, etc). Both teams will get you looks from any buyout shop you want, though NYC tilts more towards traditional UMM/MF PE vs MP which will be more tech buyout/growth equity oriented
Would it be accurate to say that Menlo Park does sexier tech stuff vs NYC that focuses on traditional or mature tech?
They dont rlly do too much sxy stuff in MP either. A lot of sponsor work. The real sexy tech deals are dominated by GS, MS, and Q. Everyone else is trying to get a small piece of what is left.
.
Both will grind you, but also provide great exit opportunities. No difference in deal flow either, as they often work together (lead is more of a matter of the location of the senior originating the deal). Really comes down to whether you want to experience a more techie environment (go with MP) or classic finance environment (go with NYC)
NY tech is mostly services, Menlo runs all verticals though so you'll get more exposure across tech IB there I guess. It's not uncommon however to cross-staff between the two offices, so you can have that option too (hours will be tough though given you'll have to align yourself to West Cost time zone)
No idea what half these posts are going on about
West Coast (SF/MP, 2 offices) - Software, Internet, Semis, Other. East Coast - Software, Services, FinTech, Advanced Industrials (tech-y hardware), Other
Tech is Evercore’s largest generator for coverage, by some margin I think. Good deal flow out of both offices with different mix of vertical and product. Software is 2/3 WC and 1/3 NY, multiple partners across both offices but of note, two heavy hitters both WC-based but one staffs predominantly out of NY. Internet predominantly WC, decent flow. Semis new WC-based partner from GS, ramping but will be heavy hitter (imo), staffs 3/4 WC, 1/4 NY. Services new partners from MS, ramping but will be heavy hitters (again imo), NY. Advanced Industrials heavy hitter, NY.
Pretty broad mix of work, will reference how they lean but obviously not exclusive to. Software, sponsor sell-side and large cap strategic (buy/sell). Internet, sell-side and equities. Semis, large/mid cap strategic (buy/sell). Services and FinTech, a mix. Advanced Industrials large/mid cap (buy/sell). Mega-cap/fairness work leans NY as one of the OG tech bankers who now co-heads all IB is NY-based.
Making a distinction between toxic and sweaty. Culturally, neither office is toxic, nor would I consider them exceptional, bang on average. WC is more flexible, can choose to work from SF or MP, team more distributed. NY is traditional NY-finance but more cohesive given centralized. Both sweaty due to volume.
Placement very good out of both. Active placement. Lots of mega/large funds, buyout and growth, software/tech with some others. More limited but small population to HF, venture, corporate. Very limited A2A.
If sexy tech is more consumer-recognized companies (typically Internet or Software), then I’d say yes less (not none) sexy tech as many of those are equities-related (would nod to GS/MS for M&A and equities and Q for sell-side). For marquee deals that are more “deep tech” (large, important companies you’ve probably never heard unless you’re in certain verticals), would say Evercore does well alongside other top tiers.
Any idea about sample exits from both offices?
I can speak to MP exits which have included in the last couple of years Thoma Bravo, General Atlantic, CVC, Vista, TA, Francisco Partners, GTCR, Norwest, Summit. Exits focus more on tech buyout / growth compard to the NYC team which is more aligned with traditional UMM / MF buyout
new wc-based semis partner from GS that is not tammy kiely?
BX, Silverlake, KKR, Apollo, BainCap, WCAS, TPG, TA, GA, Thoma, Warburg, Carlyle, Genstar, CDR long list. I’m several years removed but went growth for a large fund
I’m sure you can LinkedIn search virtually any tech fund of note and find someone from the past several classes
Is either team hiring for FT?
Isn't Naveen running the NY tech team? Heard he's tough to work with..
Yes. Know at least one person got sent to the hospital from overworking in just L3Y
Naveen is literally a psychopath. Rainmaker tho
Sunt similique et sed eos. Qui voluptatum quaerat odio nostrum voluptatem. Odit explicabo delectus nam incidunt voluptatum nulla. Autem a officia et molestiae repudiandae aperiam.
Eaque et vitae perferendis. Quam doloremque eum ex nulla sed dolor. Possimus nam repellendus aperiam reiciendis. Corporis nesciunt recusandae ut et autem iure quia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...