Anyone Heard of TAP Advisors?
Basically what the title says: Does anyone have any thoughts on TAP Advisors? I saw some threads from years ago where it seemed like one person had a bad experience, but would love any updated thoughts.
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Interested
Interviewed & had superday with them. They do mostly telecom deals with poor deal flow. Predominantly white males with almost no diversity of any sort. Didn’t like the ppl I talked to at all - arrogant guys for literally no reason. The MD / founder was extremely unpleasant as well - just very typical old Wall Street white man. Based on LinkedIn search, very poor exits. No need to say I’m salty or anything (incoming BB analyst) - just rlly didn’t enjoy the experience and wouldn’t recommend the firm to anyone.
I get what you're saying about the lack of diversity. What do you mean by poor deal flow though? Just looking on their website it seems like the have a number of deals in the tens of billions range.
Idk what you are referring to, but in 2020 & 2019, their biggest transaction is the $460mm buyside for Ribbon. 2018 they had a $1.1bn deal. You might have been looking at their “selected merger and acquisition advisory” page which clearly says those are the deals their bankers worked on prior to joining TAP... in summary, tiny deals compared to the bankers’ ego
One of the associates there was legitimately fired by a MM bank, I remember the guy. Not a pleasant person nor good at his job.
Ur a racist
imagine being so uninformed & getting offended by someone pointing out the lack of diversity at a firm lol. or maybe you work at tap. either case is pretty sad.
Lmao agreed, but to be fair one their co-founders is an Arab guy.
yeah I mean I’ve seen / interacted with many other places who also have predominantly male bankers, but it doesn't directly translate to bad culture / huge egos. the fact that TAP is doing so poorly but somehow manages to gather a group of bankers that are just unpleasant and not down to earth at all is very interesting lol
Also know of asian analysts there
.
Had an offer from them back then. Tbh, didn't get the bad impression a lot of people got. Seemed like nice people although the process was strangely informal. No real superday, just individual final rounds. Ultimately didn't take it, as I didn't want to be tied to Telecom and heard the hours can be brutal.
I have close friends who are working / have worked at TAP.
The shop is similar to MM bank with solid deal flow within the telecom infrastructures space, but not much aside from that even though they claim they are trying to expand the platform. In 2013-2016 they did really well as 4G development was in full swing and many of the top carriers like AT&T, Verizon monetized their towers, giving TAP lots of dealflow in tower infrastructure. Afterwards, there was a period where they struggled to find their footing, pitched endlessly working their analysts to death without much actual dealflow, hence many bad reviews.
Nowadays they've adjusted their expectations to be more of a MM bank, trimmed the class sizes and are hoping to bring back the glory days with the upcoming 5G tower infrastructure development. In terms of culture, they do have happy hours, annual retreats and analysts/associates seem to get along fine. In terms of pay, it's at street. In terms of exits, from what I can see on LinkedIn they have analysts lateraling to a wide range of other banks like RBC/Rothschild/Lazard/Citi and some that goes to mm funds $1-$2bn, nearly all in the telecom sector.
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