Mid-tier BB or FT Partners
I’m interested generally in tech/software/fintech. Would it ever make sense to take a bank like FT Partners or another tech focus bank over a similar group in a Citi/UBS type of bank? Think I prefer the boutique model but worry about the name brand not meaning much
Curious for WLB, experience, exit ops, etc
UBS and Citi being grouped together is unfair to Citi especially when we are talking about anything tech-related. However, I would absolutely take either of those over FTP if interested in more than just pure fintech or FIG-related things. Don't go to the tech group if UBS as there's a huge WSO thread that in detail lays out how trash it is in 2024/2025, but even if you are at another coverage group you'll probably still get more generalist PE or tech PE outreach than a FIG-focused boutique like FTP just due to broader name recognition given history. Also, FTP hours are just horrendous, they pay you more but they make you really earn that money. Banking careers are a marathon and not a spring, going to firms like FTP rapidly causes burnout.
Caveating here if OP really wants to do FinTech UBS is quite solid. Done some sizeable deals last year as everything is ran in the FIG team with the team head being a fintech banker.
Can you speak to any fintech deals in 2H of 2024 or if there is any strong pipeline for 2025? It seems like UBS Fintech had a very solid 1H 2024, but a much weaker 2H 2024. Also the strongest subvertical within UBS FIG is their Asset Management subvert, has done well in M&A and winning lead LevFin there.
Again, would still choose UBS over FTP given brand name, but just curious to know what the fintech franchise is up to/why the 2H was weaker than 1H?
Rem porro quas non ratione aut quidem aspernatur. Quasi quos voluptatem laborum impedit. Sequi dolore omnis qui amet tempora sapiente molestiae.
Totam quia voluptas nobis dignissimos dolorem cumque. Ut rem deleniti dolore facere. Libero est recusandae inventore aliquid unde et vel.
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...