BB Tech Banking Groups

Hi everyone.

I'm curious how the BB Tech/Software IB landscape in the SF/Bay Area looks after the clear leaders of MS Menlo, GS TMT, and Qatalyst. I'm looking for prestige/exits/deal flow and culture, but any other input is appreciated.

I'm particularly curious about:

  • Barclays

  • CS

  • UBS

  • Deutsche

 
Most Helpful

You could've cut your criteria at "I'm looking for prestige", because it's clear that that's exactly what you're looking for.

Barclays is solid, UBS is solid, CS is solid, DB is pretty good. CS was actually the clear leader back 20 years ago with tech; same with sponsors in LA, and most groups in NY. They went a little downhill after 2008 but it's still a good bank. UBS is on the rise and will be well-respected no matter what anyone on this forum says. Barclays is a great bank that will be well-respected but I've heard more about their NY tech group than SF. DB is a good bank with a strong legacy but they're floundering with the COVID crisis, and they've been struggling for a while. They're the only "bulge bracket" (if you consider them BB; don't flame me for this controversy) that hasn't extended full pay for summer analysts this year. They cut the timeline and offered a cut salary; SAs not guaranteed a full-time position, which begs the question as to whether they will give many offers this year. Guggenheim reacted similarly, for note. Nevertheless, outside of the 14 year olds on this forum (when you're actually out in the real world), DB will hold respect on the street because of legacy.

These comments are not to sway you from applying to any banks - just something to keep in mind as you consider FT employment and your future. I think UBS offered full pay with no auto-FT offer, CS offered full pay no auto-FT offer, Not sure about Barclays, but I assume it'll be full pay with no auto-FT. Shows to me that even though the banks will not be irrational (it's insane to offer auto-FT because there will always be troubled candidates, no matter how well they're vetted in the process), they are not struggling financially, so candidates will likely be offered a job unless they royally screw up.

 

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