How to land Tech Coverage Group?

Current sophomore hoping to apply for IB SA 2022. How can I go about landing a spot within a TMT coverage group (ideally GS)? Of course I have to land an internship first but curious to know what the process is like for intern group placements

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If you know you want to work in tech banking, you should make sure to allocate your efforts towards tech groups you can directly interview for, such as MS Menlo, Qatalyst, Evercore Menlo. Not sure if GS SF does TMT specific interviews.

 

Have some sort of legitimate reason so you can explain why tech. You're a CS major who likes the field but realized you didn't wanna do SWE, you worked at/started a tech-startup or a FAGMAN type place, etc

 
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If you want tech, I’m assuming you’re applying for west coast groups - at least, that’s what you should be doing. If you want East coast and tech, your options are limited / it’s difficult to get direct placement without going to a boutique (Eg, Allen & Co)

You can apply directly for the tech groups at every EB / BB in the Bay Area (banks are distributed across SF / Menlo Park / Palo Alto).

There have been some good threads on what the top groups are, but generally MS / GS / Qatalyst are the top three in the bay - difficult to rank amongst them, they all have their strengths and weaknesses. Beyond those, EVR / JPM are both very strong; CS is classically quite good but unclear of its current standing; mixed bag beyond there (not familiar enough to really rank / give thoughts).

In terms of prep, big thing is that you need to understand the tech industry - know who the (non-obvious) big players are, know some good trends, know what the major recent IPOs / M&A deals are, know the main business models (ex: marketplaces, enterprise SaaS, fabless semiconductors, etc.), etc. Your knowledge of the tech industry is going to be almost as important as your technical knowledge.

In terms of prior experience / internships, having past tech experience isn’t a necessity, but it is nice to have. Generally, as long as you have a compelling story for why you’re arriving at tech banking, you can make up for essentially any background.

Good luck - west coast recruiting is way less structured than NY, so network your ass off and be ready for when it strikes

 

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