Rank these (London)
Hi all - how would you rank GS Cross Markets Group (CMG) vs. Citi/BofA/Rothschild TMT (All London)? Any info on how sweaty these teams are would be very appreciated!
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To clarify, just looking for opinions based on deal flow/prestige/culture!
I'd say BofA TMT > Citi TMT > GS CMG > Rothschild TMT. You'd get access to much larger deals at BofA, Citi vs Rothschild. And I'd choose the GS brand name over Rothschild too.
Agree with this.
Thank you!!
I wonder why the monkey shit..?
BofA TMT > Citi TMT > GS CMG > RTH TMT. BofA will be sweaty tho
What makes you say BofA TMT is sweaty? I thought the bank has a pretty good culture overall in London?
Sorry, should have clarified this is just hearsay and dated info. Although not surprised if that's the case today. It's a strong group at a great US BB so would expect them to be worked hard.
I've heard they work most weekends and Saturdays are not protected? This is from someone in another sector team though
Would you not take GS CMG > Citi TMT in London?
if you like 100% mid-market deals maybe.. otherwise no.
The deals are +500MM, still quite sizeable and above average deal size of what most would classify as MM firms
Plus, you will work a lot of sponsors as their ticket size caters more to this range (and GS essentially moved Sponsors into CMG, as I understand it).
bump
depends what you prefer do you want to do TMT or be a sector generalist?
but in summary..
Definitely GS as no.1, in London the team you’re in doesn’t matter as much as the overall brand.
e.g. I know people in middle office at JPM that landed buyside gigs over people in front office that applied from lower tier banks. London is pretty f**** up headhunters / buyside only care about the overall brand rep rather than the specific team. So with this in mind GS CMG will get you more looks than someone at Citi TMT. Plus mid market is more active than large cap so you’ll do more deals.
also avoid the f*** out of Rothschild I used to work there. They are an absolute sweatshop. I know people still there that hate life, you will legit work all day and night 7 days a week. They’re such a sweatshop that HR implemented a policy that gives juniors 1 weekend off per month, you heard right 1 weekend PER month, not even a general ‘protected weekend’ like other banks it’s just ONE weekend per month you’re allowed off like that’s some luxury, even then you get looked down at for using your protected weekend and you still get staffed to do things so you actually have to work during it anyway.. in reality you won’t get a weekend off and also taking holiday is hard because of how much you get staffed on.
And on top of this, they pay below market (expect bonuses below your peers at other banks) they’re very cheap and try to squeeze out as much from juniors while paying them below market
Thanks!
Lol Rothschild sell their family-like culture so much to uni students who absolutely drink the kool aid
Yeah, it’s very toxic there. They act like they own you and expect you to work your life away for below market pay just because they’re Rothschild. There are a couple teams in particular which are so brutal and intense you will be in shock.
Then again Rothschild is recognised everywhere so you will get exit ops at most places and headhunters constantly calling you and you will learn a lot given the strong deal flow.
They trap you in with their prestige. Naive uni students fall in love with this prestige and orgasm if they get an offer.. only to start working and realise it’s living hell with shit bonuses.
GS #1 but note their cross market's team is relatively new but because they target the middle market, lots of deal flow. My understanding is that each junior needs to be on 2 deals + 1 pitch on a weekly basis.
I honestly think working on the middle market deals is where you learn the most. Might be great if you have a mega merger but unless you're at an EB, you're not going to be "key" on that deal. Hopefully that helps.
Very helplful! Thank you
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