Pick offer: JPM NY Generalist vs. BofA PA TMT?
Hello WSO, I recently got offers from JPM NY as a Generalist having to go through placement later and Bank of America TMT in their PA office. Personally, I have the long term career goal of working in tech investing, leaning more towards growth stage but also might consider tech buyout. I wonder which offer should I take considering my long-term career goals. Any insight into the exits of JPM Tech NY (assuming I get it) vs. BofA PA TMT would be appreciated. Thanks a lot!
Are u also recruiting for PE?
You’d be better off for Tech-related exits from JPM M&A and M&C more than their Tech group. But group placement is always a toss up.
As someone who went through JPM placement, I’m sure that if you have a background with genuine interest in tech (which it sounds like you do) and can present your well, you should have no problem getting NY Tech / M&C. Personally I’d take JPM, significantly stronger name overall
"significantly stronger name overall" lmao ur talking about like the 3rd vs 4th best BB... JPM isnt goldman lol
Salty bofa guy here ^^^
JPM is right below GS lmfao their healthcare team is top of the street, people have exits to MF and UMM from tiger tech team look it up bitch
I don’t understand. If u wanna do tech, why don’t try to go to MS MP or Evr MP or Lazard SF considering GS hasn’t opened their apps yet
Yeah and if you want to do PE you should just go to KKR and Apollo.
Or Vista, but did u (I mean this Terry person) get Vista first round? If not they only do one round of process
BofA PA
Wtf is BofA PA?
BofA Pittsburg (often shortened to PA because it’s their main Pennsylvania operation). If you haven’t noticed, almost all banks have a team there because of how big of a tech city it is
Both are good offers. BofA PA TMT is more selective as they only take 3 kids per year. One caveat is BofA PA is Tech M&A only, so if you are interested in getting exposure of any other product, you won't get it there.In terms of Tech buyside exits, it's harder to gauge into how well the BofA group exits given how small the team in PA is. Recall someone exited to TPG or something. It is however on the west coast which will inevitably limit your east coast exit opps if you are looking into buyout as well.JPM's tech buyside exits depend on whether you get into a good group. M&A and M&C will exit better than Tech but the Tech group is still a very good place to be with great culture and a history of decent exits. Plus being on the east coast gives you more optionality. If you are actually passionate about Tech, you should have enough sector insight to showcase during group placement and shouldn't have a problem getting into at least JPM Tech assuming you pass the vibe check.All this plus inarguably better brand name, by whatever margin you agree with, JPM should be the better choice.
Lmao here I was thinking BofA PA was Philadelphia
Good take but I don't think OP specified whether the PA offer is for coverage or M&A as both teams are in PA. Both are solid teams but obviously not usually running the model on M&A deals if on the coverage team, which has significantly more spots.
If tech investing is what OP wants to do, i'd probably take the BofA PA offer as most tech deals outside of some media and telecom are done from SF / PA offices for most of the major banks in my experience. NY will get some but seem to do more of the media and telecom deals. There's gonna be some variance at different banks and depending on where the RM banker sits but seems like the SF / PA teams do more.
Pretty sure PA is strictly Tech M&A product, the Tech coverage team is based out of the SF office and feeds deal flow into the PA M&A practice. People on the PA team specified this for me last year.
Just in case any fellow monkey is still confused, PA is Palo Alto in the Bay Area
This is their 1st round brainteaser - hence why they only take 3 kids per year
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