Friend is looking at SA positions in San Francisco. Wants to work in Healthcare
Anybody have a sense for the best groups? I know of the following but have no idea how they compare. Did a search but didn't come back with much. Any help would be great.
JPM
CS
CV
DB
LAZ
Citi
Curious about this as well. Here's what I know - the CS team is pretty compact (~8 people total) and their analysts have placed into some very solid funds. Not sure how they compare to the others though.
If he doesn't mind the MM, tell him to try Cain Brothers.
Don't like to rank but here we go. Based on what I've been hearing about deal flow, reputation, overall brand name:
It gets quite diluted if you're not in the top three shops. Another one with great HC dealflow is GS, but everyone knows that and they don't have an actual industry group. PM me for more details
Healthcare at GS SF is run out of West Region Advisory - If you're not 100% about Healthcare, it is a top group to go to because you work across a couple of other interesting verticals like Cleantech and have placed better than SF TMT recently. And again, GS is a powerhouse in pretty much all aspects of Healthcare.
Another forgotten group is MS Menlo Park HC (Not Tech), heard its pretty small, and a lot of the work are all capital markets related. So if you want M&A, look elsewhere. Definitely gets overshadowed by the Tech group, but the brand name is still there.
JPM SF HC is supposedly a little more focused on capital markets. Something like up to 30% of total work is M&A. They have a dedicated M&A team out at SF which handles the modeling I think.
Not entirely sure about BAML, but it hasn't been as good as historically after a team left a couple years back(see below).
In regards to Centerview, its only a couple years old but some the biggest deals in the HC space are ran out of this office. They poached the BAML West Coast HC team a couple years back. Centerview has traditionally done a lot of HC stuff out of NYC, but as SF grows I expect to see more work being run out here. In terms of pay its definitely top, but track record and placement are more unsure (similar to CV NY). They also cover a little bit of Tech out of SF. I can't think of a better place to be at if you want interesting deals, focus on M&A, and have an interest in HC/Life Sciences.
I ended up getting summer offers at Lazard and BAML, both San Fran Healthcare. Which would you take?
Thank you guys. Very helpful. Is there anybody else that is able to weigh in?
Rank the Health Care IBD groups in SF/Menlo Park (Originally Posted: 02/17/2007)
How would you guys rank the Health Care IBD groups in SF/Menlo Park?
GS cs ML
what about MS?
GS has healthcare in SF? Really? I was pretty sure it was TMT and INR in SF, FIG and LevFin and in LA. I think that is it for GS groups in Cali
GS Media in LA too..
Yea i didn't think GS had healthcare.
CS/UBS ML
Wait ML should be 1 because they have a great lifestyle.
UBS is a sweatshop.
how about ranking quality of deals? again, what about MS?
bump
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