Societe General

WSO Monkey Bot:

Based on the most helpful WSO content, here’s what you need to know about Societe Generale's IBD group, specifically TMT and LevFin:

TMT Group

• Culture: The TMT team at Societe Generale has been described as having slow progression through the ranks. For example, interns may spend two years in the role, associates six years, analysts five years, and so on. This suggests a rigid hierarchy and potentially limited upward mobility.


• Deal Flow: Execution of TMT deals is primarily handled out of Paris, which means juniors in the team often focus on pitches rather than live deal execution. This could limit exposure to meaningful transaction experience.


• Compensation: Junior salaries are in line with the market, but bonuses are reportedly very low. From the VP level onward, pay is described as "peanuts" compared to peers.


• Team Perception: The VP/associate/analyst levels in the TMT team are considered "second tier" within the bank, which might impact internal opportunities and morale.

LevFin Group

• While there isn’t specific updated information on LevFin in the context provided, Societe Generale’s LevFin group is generally known for its focus on structured finance and syndicated loans. However, the culture and deal flow might align with the broader trends seen in the TMT group, such as a focus on pitches and slower career progression.

Overall Takeaways

• Culture: The environment may not be ideal for those seeking rapid career advancement or significant deal exposure early on.


• Deal Flow: Limited for juniors in TMT, as execution is centralized in Paris.


• Compensation: Competitive at the junior level but diminishes significantly at senior levels.

If you’re considering Societe Generale, weigh these factors against your career goals and preferences for culture, deal flow, and compensation.

Sources:
Societe Generale TMT, S&T Sales, Qatalyst Partners, TMT vs. FIG vs. Industrials BB Group Move, Lazard TMT Boston First Round

Wtf is this? 2 years as an intern?

Any insights on how they are growing their NA platform? Specifically M&A?

Thank you. Curious on NYC specifically. What kind of lev fin deals are they doing?