BofA ML Tech - Palo Alto
What is the opinion of the BAML Tech group in Palo Alto? I am interning this summer @ BAML out of b-school and really interested in the tech industry, so I am considering going to this group. There doesn't appear to be much information available about this group online. Is the tech group separate from the media/telecom groups? Any downside to going west for banking vs. new york?
Thx.
I think Tech/Media banking are actually better overall on the West Coast. someone pls correct me if i'm wrong
baml palo alto isn't the best. but you can certainly do a lot worse. and yes, being out west for tech is generally better.
Very few analysts stay there for longer than 1 year. Most associates stay for the long term, because they have few other options. The culture in the tech group is a lot better than the tech M&A group. Expect long hours in both groups generally (90-100+ consistently). Both groups do lots of pitching - maybe 75% of their time is spent pitching vs. working on actual deals. I know several people who worked there as analysts and associates.
TBD
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Lots of mixed sentiment about these guys on the Street. The coverage group (tech) is made up of a mix of cool guys and nerds. Palo Alto definitely sucks compared to SF when you're in your 20s.
Overall, my impression echoes above: you can definitely do worse, but BAML still gets deals done.
In banking?!
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agree with above, it's a bad group but not great either. They pitch A LOT
I've worked with them. If you're interested in tech, then of course west coast is the way to go. There is definitely dealflow going on, but expect to be doing mostly tech equity offerings (unless you're joining the M&A group in PA of course) and as a result, A LOT of pitching. Tech group is all generalists, mostly non media telecom on this coast. And def, from my years in PA, it's not so fun of a place ... old person town. In terms of perspective it really matters what you want to be doing. Equity offerings make money definitely, but if you're looking to do landscape changing tech deals, I would think twice. That said, the culture doesn't seem too bad and all the people I've worked with and met from the group have been great.
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