Goldman TMT - SF vs NYC?

When people talk about GS TMT being very "prestigious" and having great exit opps, etc., is this just for the NYC group? How does the SF group do in terms of hours/pay/exits?

For someone in college, is it better to do SA/full time in NYC (for TMT)?

29 Comments
 

From what I have heard, SF handles mostly tech (all the Silicon Valley stuff) and NYC is mostly media/telecom. They are both the top groups on their respective coasts, so it mostly depends on what you're interested in and where you'd want to live. They recruit separately however.

 

I second what harvardgrad11 said. I spoke to an analyst who was in the GS TMT group in NY and transferred to SF because he said that was THE place to be.

 
OGBankerI second what harvardgrad11 said. I spoke to an analyst who was in the GS TMT group in NY and transferred to SF because he said that was THE place to be.

I've heard the exact same thing

 

" typical regional office with better hours, less pay, worse exits?"

Not true, atleast here in California. Some amazing buy side exit opps, brutal working hours, and ridiculous pay. This I can confirm from my contacts at BBs

 
Best Response

Of course, if you start in SF, or anywhere else that is not NYC, you're doomed to NYC-exile forever.

Seriously people? Let's take these one at a time:

1) West-coast tech to NY PE: I've seen SF analysts place into NY PE. If that's what you want, headhunters will be more than happy to accommodate. Of course, you do have opportunities on the west coast as well. Clearly, exit opps are great out of GS TMT / MS tech no matter bay area or NYC.

2) Regional SA --> NYC FT: First, pick your location and have your reasons for it, be it NYC, HK, or BRIC. If you don't like it and don't get an offer, it's a fairly easy question in an interview with NY: "I didn't like [place], I decided wanted to be in New York to get a broader exposure to the firm's products"...or something like that.

 

This is for almost ever BB

TMT - go to SF / Menlo Nat Res - go to houston

I know a PMD in their SF office and can tell you - go there if its a choice. Also more of their TMT M&A guys sit in NY and more of the actual industry ppl sit in SF ... although more junior ppl of both groups sit in SF.

This is true for almost every bulge bracket IB

 

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