I noticed JPMorgan doesn't have a TMT coverage group. It is instead split into media and communications and Technology. Does anyone else know about the differences here?
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Think the media comm group is "stronger", but have heard from some JPM people that the technology group has been one of the best performing coverage groups last year and is doing really well in terms of market share. Don't think this translates to "prestige" or exits, but the tech group is perfoming extremely well compared to a couple years ago.
(I'm at JPM right now)
The JPM Tech group had record revenue last year at over $1.1bn, which was the highest across all IBD groups at JPM (and even had higher wallet share than GS and MS). The Tech group 3-4 years ago is like night and day to where it is now. GS and MS still have a longer history of dominating tech, but I wouldn't rule out JPM Tech. Know personally that an analyst is going to SilverLake and others are going to Permira, TA Associates, etc. I think the reality of the group is that most are just not interested in going to MFs, but are more interested in growth equity / VC / and startups. As with all groups, the experience is what you make it at the end of the day...
can confirm these exits..would add norwest venture partners, TCV, and IVP as well over recent years.
Hey is this for NY or SF?
unsure about media and communications (i'm in another tech group), but can comment on JP Tech in recent years. It's consistently below GS/MS/Q but also wouldn't rule them out. I'd go so far as to say they're the 4th best group and have been performing well this year
Pretty sure JPM Tech led more deals than MS and GS last year (check Deal Logic)
Qatalyst is great, but only does M&A, doesn't actually rank among the top 10 for wallet share
That's pushing it, JPM is on a lot of debt issuances. By that same measure, BofA and Citi would be above MS but they're clearly not. Both GS and MS consistently outperform JP in tech M&A and equity activity (MS is lead on practically every IPO) and Qatalyst is a different beast (I'm at a different tech EB myself). But this is strictly for tech, I'm sure JPM media & communications is a top group.
And when it comes to exits, JPM doesn't even come near GS MS Q and I doubt that will be changing anytime soon.
^ probably a salty MS/GS kid
This is accurate. GS and MS have a stranglehold on the tech market, but JPM has been trying to be a contender and so far has done a pretty good job of growing that practice.
ITT: Very insecure MS Menlo kids..already knew they were hardos with a bad culture, but guess you can throw insecure in there as well.
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