Why is TMT so sought after by PE firms?
Hi Monkeys,
I was able to get my hands on a headhunter's data presentation showing where past IBD analysts from all of the BB/EBs/and MMs ended up and it gave breakdowns between industry/product groups etc. and where they landed. And TMT (and M&A, I understand this) were far and away the top choices for the megafunds and a lot of other PE shops and HFs.
I was curious, why is this the case? Why does working in TMT at UBS for example set someone up better than working in C&R at JPM/GS/MS? Do analysts really learn that much more in a TMT group rather than another coverage group? Maybe I am just mistaken here, and if so I apologize but I am just a bit curious.
Thanks!
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