Hello WSO: how strong is CS HC/Tech in SF office? Undergrad at west-coast semi-target (USC/UCLA) aiming for SA position in California and networked with this group extensively. Hard to get a good read, and would appreciate any insight. Goal is to do MF PE.
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Think they have solid exits (usually send a dude to Silverlake), but haven't been seeing them on many big deals and they basically lost all their good bankers to Qatalyst and Jefferies over the years.
I believe tech has 1-2 heavy-hitter MDs, but as above poster mentioned most left. I've heard pretty concerning things about culture there however. SF HC team is irrelevant, not sure they even have a group still.
I'd say BAML/BARC/UBS offer better overall AN experience in SF.
I would have to disagree with the above commenter saying that BAML/BARC/UBS would offer a better experience. Friend of mine from school works in the office, and while he's told me they run lean/work hard (so culture points may be true) they're still really well regarded by headhunters. The firm consistently dominates the semis space putting out a handful of $5 -10bn M&A deals every year, with a decent share of IPO and sponsor deals.
Biggest thing they have going for them though is exits. Based on what he's told me they consistently send ~3 people out of a class of 7 to top shops every year (BX, SLP, Carlyle, ONEX, Growth funds like TCV, TA, etc.), with the rest going to MM shops.
They also had some insane overtime policy for summers where they were getting paid like double their prorated salary or something.
Overall, I'd say if you get an offer for a Q, GS, MS, JPM it's a clear choice to take that, but I would still consider CS SF to be right behind the major players at least as far as exits go.
their class is only 7?
That was what I was told by my friend...7 per class if there's any confusion. so ~14 analysts total.
Think everything you said is right but they do not dominate semis. Weren’t even on any of the big deals this year. JPM/GS/MS/BAML get pretty much all the mega semi deals and Q is usually in their sometimes as a sell side advisor.
2 seconds of googling...
https://investor.marvell.com/news-releases/news-release-details/nxp-acq…
https://nvidianews.nvidia.com/news/nvidia-to-acquire-mellanox-for-6-9-b…
https://www.marketwatch.com/story/infineon-to-buy-cypress-semi-in-101b-…
My understanding is that any deal where they are "co-advising" here they are actually leading as they don't have the balance sheet to win the financing. I also work in a TMT group in SF, and having worked across from them I can say pretty confidently they're a top semis franchise. That's pretty much all they're known for though..
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