Q&A - 2nd year tech coverage analyst at BB in SF

Question

Whether you have lifestyle, deal, technical, or landscape questions feel free to ask. I will try my best to answer as truthfully as possible to help you through your process.

TMTRE · Accepted Answer

I think that this is a question that most of us shirk and say something canned like "workout" or something along those lines. In reality, I think it is different for everyone.

For me, I think that my friends, mindset, working out, and culture of my group helps a ton. I am not dreading going into work. I am also not making comments under my breath of how much I dislike x or y senior banker. I think that those things reduce my starting stress.

Being attentive to detail is learned. It is still something I practice at and I like to make it a game for myself.

TMTRE · Answer

First, quality over quantity is the motto of Qatalyst, GS, and MS. To illustrate my point, in deals that have announced transaction value in 2019, Qatalyst demolishes Atlas. The numbers are as follows:

Qatalyst advised on 37,265,000,000 worth of deals. They also have been on pretty much all of the landscape altering deals across all of the verticals in the industry this year (SignalFX, Ultimate Software, Looker, Dialog/Apple, Qualtrics, and HortonWorks). They also were on some of the biggest PE deals of this year.

Atlas Tech advised on 590,000,000. Obviously this is unfair.

TMTRE · Answer

First, congratulations on getting to where many want to end up.

As to your question, if you want to work on a broader mix of software companies I would recommend a coverage group at a BB. The problem is that it seems as though you would also like execution. The problem in BB's is that a lot of the execution is done by the M&A group. So, the mix of your interests doesn't seem to line-up very well with BB's. I assume that is why you have mentioned a EB. Honestly, that is what I would recommend.

What that means is learning the industry landscape which is expected out of a coverage analyst.

DrunkeyMonkey · Answer

Are there any sleeper EBs or boutiques that you know of who fly under the radar but take down large mandates? I figured the execution problem for coverage would be there for those BB groups.

I'd be fine with taking steps back after spending another year or two here and put in the 2-3 years for a full analyst program to see how I feel afterward. I'm pretty sure I would be too young to try for a VP role and I would rather be an analyst than an associate.

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Q&A - 2nd year tech coverage analyst at BB in SF

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Q&A - 2nd year tech coverage analyst at BB in SF

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