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Do a search. GS TMT has been discussed a million times on this forum.
Group is still being grown out but you can never go wrong with Goldman TMT when thinking of exit ops.
Goldman TMT LA (Originally Posted: 03/05/2014)
Anybody know about the culture/exit opportunities?
bump
Goldman SF TMT group size (Originally Posted: 11/11/2009)
Just curious, how large is the TMT IBD group at Goldman SF? How many analysts?
Goldman TMT? (Originally Posted: 02/25/2008)
Hey...
What do you think about GS' TMT group?
Thanks...
Generally, TMT is an exciting group to be in. GS recently advised Vivendi on the acquisition of Activision.. GS is doing some of the coolest stuff in these industries. Not a bad place to be.
GS TMT LA (Originally Posted: 08/14/2013)
Heard that GS is setting up a TMT group in LA from someone. Can anyone here confirm or comment on this?
Thx
Yes, they are. Does anyone have any thoughts on this? How will it compare to NYC/SF? Same level of prestige/exit opps?
Future MD at GS TMT (Originally Posted: 03/06/2011)
For those that wrestled back in the day....you'd appreciate this.
thats a pretty serious mohawk hes got going
i had written up a semi-serious response, then i remembered how much of a fucking troll you are
Goldman Sachs TMT (Originally Posted: 03/19/2011)
What percent of revenue does GS TMT make up at GS? 50%, or is it more?
Goldman TMT (Originally Posted: 09/28/2009)
Anybody know if Goldman TMT in SF cannibalizes opportunities from the other groups in SF with regards to PE, or are they on the same level?
It appears that people are so concerned with PE exit opps 2 years from now, but to me it seems that you can't predict that kind of stuff anyway. These threads seem as useless as the "3.7 from a non-target, what are my chances?" threads.
I think if you choose a good group, such as Goldman TMT, the exit opps will depend more on who you meet (aka networking), your performance as an Analyst, and luck.
different question, but which do you think is better - tech or media&telecoms. The bank I am moving to has seperate teams for each - trying to pick one
GS TMT Bonus Figure (Originally Posted: 04/07/2010)
We all know GS TMT has very good deal flow and exit opps. Does anyone know the groups' bonus figure for 1st or 2nd year analysts? Thanks.
GS TMT (Originally Posted: 03/20/2011)
anyone know their placement into the super-prestigious private equity and hedge funds this year :)?
It's one of the best groups in IBanking from what I've heard.
GS TMT 0 (Originally Posted: 09/12/2013)
...
by GS TMT I mean the technology, media and telecommunications investment banking coverage group at Goldman, Sachs & Co. to clarify
specifically for NY and SF, and by investment banking i mean the division of Goldman, Sachs & Co. focusing on acquisitions, strategic transactions, divestitures, joint takeovers, proxy battles, spinoffs, spinouts, merger of equals, asset sales, debt issuances, IPOs, and secondary offerings.
How to Apply to GS TMT (Originally Posted: 04/06/2010)
How the fuck do you even apply to GS TMT?
TMT is a group in IBD.. you don't apply directly to TMT, you get placed into it after you accept the offer to IBD.
Yeah I've wondered that too? most likely depends on the bank..
Will the group give you the same mega-fund exposure as NY?
Just going to say a firefighter thread...... in b4 shit show
As mentioned it depends on the bank. If you are going to MS (just assuming), and you will be in NYC you want want media & telecom. Tech is only good on the west coast for MS.
Top Group! If you have the chance - go for it!
I meant what do they look for? Experience in IBD or experience in the TMT industry?
yeah dont really listen to that poster above. plenty of WC analysts get gigs at MFs
Very small practice and not fully developed yet. Doesn't have dealflow/prestige of NYC/SF for sure, but should still get you places.
would also not mind some actual statistics though since this group gets such a mega hype
lold
I have - everyone just says it is great exit ops into PE and considered the best. I was wondering WHY is it considered the best. If it is just dealflow, I think there are many groups with really good deal flow as well who dont get nearly GS TMT's attention.
Woooooow
he is moving so much faster than the other kids its incredible
15,000,000 and one solid gold scrotum
the whole IBD at GS doesn't even have a 50% share of total revenue...
GS TMT is generally said to be the "best" group on the street by those who insist on ranking the groups and banks. The exit opps are directly related to the prestige of a bank/group so since it is thought to be the best, it has great exit opps.
I'm not sure if this is how Goldman does it, but sometimes the TMT is split between offices, so media and telecom will be NY and the more "tech" stuff will be done in SF because of proximity to Silicon Valley.
No, TMT is not usually the "best" group at a bank. But best is subjective. Everyone seems to want to do TMT because it is "sexy"' so maybe in that regard yes. But at many banks the "best" group is the M&A group. Again, meaning more prestigious in this context.
Generally, NYC is the place to be for banking. However, in tech (and also healthcare), SF is the place to be.
Modeling/quantitative experience will be phenomena and extensive. But probably not any different than any other top flight group on the street.
Also, just FYI, that is probably the hardest group on the street to get into. Not to put you down or anything, but unless your engineering school is MIT, you will be extremely hard pressed to get into that group.
bump
GS TMT for me is not a great groups
People AlWAYS use GS TMT to catapult themselves to something different ... whether its megafund PE or something else ... so there's loads of churn in that group
I guess its good if you're 100% sure u wanna do PE but if you wanna stay put and learn from ppl with a vested interest in the group ... I don't think its that fantastic
That said - its a great group for thsoe very same reasons if that's what you're looking for
there is a difference in the groups between NY and London?
I love all the comments. Half the people think he's gonna grow up to be some kind of awful, world-raping monster and the others think he's God's greatest gift to the Caucasian race.
It all depends... but both will help.
they make up all of it.....never understood how they could stay with GS (guess calling them TMT without the gs just seems weak)
LOL
Is it hard to get into? Yes, however, it is not impossible. You do not have to go to MIT to get into GS TMT. I know some kid from Baruch who got into GS TMT, and trust me, I was shocked when I found out.
In other words, you know nothing about the banking industry but you've read enough WSO to be a prestige whore?
Forget about GS TMT and the difference between SF and New York. Read about the industry first before wasting your time with these questions.
Thanks for your response. So someone in TMT New York can't get exposure to tech banking then?
Where are the financial models built by the junior bankers? In NY or in SF? As I understand, SF is a satellite office for most banks so I thought that maybe the actual technical work is done in New York?
Secondly besides Goldman TMT what are some other solid tech groups? And where are they based - New York or SF?
inassessable - i understand why people like it - because of exits into PE. But WHY does it have such good exits to PE? if its just deal experience why dont groups with equally good deals like HC get the same glory?
Ohhhh so by TMT you mean tech, media and telecom? I thought you were saying that the OP has TMT (Too much time) because he/she is an obvious troll for posting this kind of question.
what's GS?
If I had monkey shit I would throw it in your face!
Not a bad place! What an understatement.. Quite possibly the best group on the street, your experience and exit opps will be guaranteed top-notch. Only problem may be the culture, which I've heard can be quite intense. But you would expect that.
I think he's going to be both.
Top grades, top school, relevant previous work experience, and a long history of achieving extraordinary excellence.
drexelalum11 is correct - for the middle-bucket analysts - the top bucket analysts also get a platinum-plated unicorn and a Gulfstream jet.
haha. i'm just curious what other brilliant topics firefighter can come up with.
Does anyone who's an actual banker here know?
... Not even sure where to start. Do you even know what investment banking is?
awwwwwww so adorable!!
@1'36" breaking out some breakdance footwork hahaha
stop being such a troll firefighter, you're wasting bandwidth on this site.
Obviously a group with seriously good deal flow... they're advising on Yahoo! / Microsoft, and recently have done other high-profile deals like BEA / Oracle, Business Objects / SAP, Vivendi / Activision etc.
Saying it's intense is a massive understatement. Be prepared to not only drink from the firehose but to swim in a pool of water made from the firehose and then be forced to drink the pool.
Really really competitive to get in but good exit opportunities if you can do it.
At the same time, I know people from GS TMT who have gone on to do things other than work at Silver Lake or other big name PEs/HFs... people who have done startups, gone to VCs etc. so there are lots of varied people.
and lose the attitude (sorry to be blunt)
A lot of mega PE funds invest heavily in tech.
Also, the group tends to be a bit more selective because everyone that gets an offer from gs wants to get in.
Yes, 2012 would be better. Take look at the Ennovance Capital http://ennovance.blogspot.com/
+1 rod,
you come on here asking for advice, and the way you ask is "how the fuck do you even..."
answer - you don't
you go straight to KPMG audit and spend your life a bitter jerk
[quote=dosk17]Obviously a group with seriously good deal flow... they're advising on Yahoo! / Microsoft, and recently have done other high-profile deals like BEA / Oracle, Business Objects / SAP, Vivendi / Activision etc.
Saying it's intense is a massive understatement. Be prepared to not only drink from the firehose but to swim in a pool of water made from the firehose and then be forced to drink the pool.
Really really competitive to get in but good exit opportunities if you can do it.
At the same time, I know people from GS TMT who have gone on to do things other than work at Silver Lake or other big name PEs/HFs... people who have done startups, gone to VCs etc. so there are lots of varied people.
So what is it about this group that makes it so revered?
Is the dealflow so overwhelming/high profile that you're guaranteed to have a slew of quality/complicated/interesting deals under your belt?
MD's go to bat for you when it comes time to leave?
Something else?
What's the biggest differentiator/driver when it comes to quality analyst gigs?
Two words. Todd Marinovich.
GS TMT group makes about 52.36% of GS revenue (down from 74.33% pre-2008). But as the economy improves, there will be more deal flow so expect that number to rise, albeit slowly.
.
How many people are in this group total?
Do you go to a target, semi-target, or non-target school? Do you have any relevant work experience?
its like the old Lehman / Barcap Nat Res team ... its reputed #1 on street in terms of comp, deal flow etc and you get to work with some big hitters and the market was hot so why not
Tech market is back again so ppl are flocking - fair-weather fans
so if one was to intern there during the summer, are the chances of receiving a FT oofer slim even if one was to perform well, just because things are so intense and competitive...
Haha I truly hope it doesn't end that way.
Dude, did u actaully check the financial statement for this question?!
*hint sarcasm
Closing comments
.....
99%
Oh and clean tech is covered by their TMT team and everyone and their mother right now has a boner for clean-tech / wind / solar blah blah ...
also interested...
No it's not.
In general, TMT sector division is nowhere near as simple as Tech in SF and M&T in NY and you won't truly understand it without speaking to someone in the group. A mega deal sourced out of SF that utilizes firm resources throughout different groups in different regions could easily end up with the model being run by an senior analyst in NY simply because of how long these processes usually take (meaning you'll see turnover in junior resources over the life of a deal), how involved a VP or associate is (and subsequently which region they are based in and who their favorite analysts are), involvement of bank executives, and so on.
I don't know anything specific to GS's group, but you should choose by where you would like to live and work first and foremost. Tech can be split up into different subsectors that may be covered by bankers in different offices: internet, digital media, payment services, etc. Hard to give a generalized answer.
.......
IBD as a whole doesn't even make that much for the firm. If you are talking about IBD specific, groups such as NR, Industrials and FIG actually brought in more revenue last year I believe. It does fluctuate though, regardless ton of deal flow in the group. If you're recruiting for it don't worry about how much revenue it brings in for the bank, let the MDs do that.
no tmt does not cover clean tech - that comes under natural resources - renewable energy
Transaction experience which equates to having more to talk about in interviews and you learn much more working on a deal, talking with management, understanding a business model and the drivers behind it, etc rather than making graphs and spreading some comps for a bunch of pitches.
Glad this 5 year old thread got you all fired up this chilly Saturday afternoon!
I don't think there are too many mega deals in Tech. A few yes, but in general tech deals tend to be small. I am pretty sure the GS SF guys model and execute their own deals rather than just pass them on to the NY analysts. Deals like FB IPO, acquisition of Skype by Microsoft, recent acquisition of Nokia Mobile by Microsoft were all out of SF. Sure there is a fair amount of cross location resources that get leveraged, but it doesn't mean that GS SF is a satellite office. In fact they actually have a larger team for TMT in SF than in NY, with more junior analysts on the roster. Tech dealflow is pretty much 100% controlled from SF I think.
West coast bankers feel free to correct me.
Possibly, but my response wasn't specific to GS. The firm I summered at some tech subsector coverage out of NY and other subsectors out of SF.
For the off chance that this guy actually gets an offer from GS and is placed in TMT, then by all means, disregard my post and please ask someone actually in the group. Bottom line is that even if you're covering tech, you're still working in finance at the end of the day, and unless you're bent on working in tech PE or VC (in which case, the obvious choice is SF), then pick your office based on where you actually want to live and work.
btw, the OP has legitimate question that I am wondering as well. why is it that gs tmt is regarded so highly? the sector itself hasn't seen that many blockbuster deals YTD.
From what I've heard from speaking to a former GS TMT VP in NYC: it's 30% Tech, 70% M&T in the NY office and flipped around for the SF office. So you will get exposure to tech in NYC.
One of my uncle's friends is an MD @ GS TMT. Unfortunately, I am a non-target with so-so grades and no IBD internships so I don't think I will be able to leverage that one.
You bumped this 2 year old thread just to tell us that?
Nice troll
I'm 90% positive tehir tech team is involved in tech c ompanies
you're telling me people like JA Solar, Trina Solar, LDK are covered by their nat res team? ur kidding urself
Why is that hard to believe?
That was good to know.
Clean tech is an ambiguous field, at my bank it mostly falls under the tech guys out west but some deals are brought in under industrials.
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