GS TMT SF vs PJT M&A NY vs LAZ M&A NY
Considering lateraling from my current shop (MM/lower BB). Have an offer from one of the above and am at an advanced stage with the other two. How do these stack up in terms of deal quality, exits, culture, overall experience etc?
I'm not fully sure I want to move to the buyside, so I wouldn't mind going through the A2A path or even potentially hitting the VP level. Location-wise I might have some preference to NY vs SF, but on the other hand, I have more interest in tech vs other industries.
Is this for real? GS TMT SF>>>>PJT M&A>LAZ M&A (imo PJT and LAZ M&A are more or less in the same tier in terms of deal quality / exposure, however I do see a case for PJT given the better comp and culture (overall)). Exits will be the same from these EBs
GS TMT SF is in a different league in terms of deal quality, not even close. Especially if you want to do tech banking. It won't have an edge in terms of comp obvsiously (GS discount...) and culture can be rough/sweaty (though all 3 aren't exactly sub-70hr/week groups), but at the end of the day it's one of the most coveted group in IB/finance. If you want to stay in IB it also becomes a no brainer, you'll become a more holistic banker at GS vs PJT/LAZ once you hit VP
GS TMT SF, next
Only case I see for PJT or LAZ over GS, is if you want to exit for e.g., to a distressed or value oriented fund like Oaktree, Apollo, etc. I'm pretty sure you can exit to such places (or really anywhere you want) from GS TMT SF, but given that group's alignment with tech, it is not such a straightforward move. Otherwise, I don't really see an angle here for these EBs (this would probably hold for EVR or CVP as well). Only place I could consider over GS TMT SF is Qatalyst but that's a different story
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Echoing comments above - GS TMT SF 100%. PJT/LAZ M&A are interchangeable and would depend on what group you lateral into, but I would note that I have heard great things regarding LAZ culture as of recent
If it was a different GS IBD group, i could maybe see a case for PJT or LAZ over GS. GS TMT (SF or NY) has such a strong brand name that it makes very little sense to pass on it over PJT or LAZ
lol no love for PJT or LAZ here
they are great firms, but gs tmt is arguably the top coverage group lol
PJT and LAZ are phenomenal, just can't beat GS TMT
if u have any interest in tech, gs tmt sf all the way. there's no debate. if u rlly want ny or an eb, pjt = laz, just go with whichever u had better convos / connects at.
if ur thinking exits wise, gs tmt will be skewed to exits in sf, but u can prolly get ny if u grind a bit more. it is important to know that most of pjt's mf exits are from rssg, but i think m&a will still get u looks. laz did have many mfs this cycle so i think they might have an edge in exits in comparison to pjt marginally
also i feel this site generalizes culture of banks as a whole, but just note that culture is very very group dependent, so try to figure out what the culture of the group ur going into is like as u are deciding. ppl would be open to hopping on the phone if u have an offer from the firm to chat abt this too
as someone at an EB, just take GS TMT. this is sort of an easy decision unless u care about totally maximizing comp, where even then, GS TMT probably is better esp from an exits perspective.
used to be in ur position. chose GM TMT and honestly best choice i've ever made.
now currently a VP at another bank and it gave me so much leverage and opened so many doors.
why was it the better choice?
What about vs EVR M&A NYC?
EVR M&A is better than PJT/LAZ M&A (not a huge difference though) but it doens't change the equation - GS TMT offers a better platform, and if you wanna do tech there's no better place to be than GS TMT SF (Sure, Qatalyst pays better, but given the meaningful focus in tech on IPOs, platforms like GS TMT or MS Menlo might be better for folks who want to stay in IB for the longer term)
take GS TMT SF. You'll work your ass off (probably more than those two EBs) but you'll also get to work on the coolest deals any banker can work on (or at least with very high likelihood) + brand recognition is unmatched
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