Current sophomore hoping to apply for IB SA 2022. How can I go about landing a spot within a TMT coverage group (ideally GS)? Of course I have to land an internship first but curious to know what the process is like for intern group placements
If you know you want to work in tech banking, you should make sure to allocate your efforts towards tech groups you can directly interview for, such as MS Menlo, Qatalyst, Evercore Menlo. Not sure if GS SF does TMT specific interviews.
Have some sort of legitimate reason so you can explain why tech. You're a CS major who likes the field but realized you didn't wanna do SWE, you worked at/started a tech-startup or a FAGMAN type place, etc
If you want tech, I’m assuming you’re applying for west coast groups - at least, that’s what you should be doing. If you want East coast and tech, your options are limited / it’s difficult to get direct placement without going to a boutique (Eg, Allen & Co)
You can apply directly for the tech groups at every EB / BB in the Bay Area (banks are distributed across SF / Menlo Park / Palo Alto).
There have been some good threads on what the top groups are, but generally MS / GS / Qatalyst are the top three in the bay - difficult to rank amongst them, they all have their strengths and weaknesses. Beyond those, EVR / JPM are both very strong; CS is classically quite good but unclear of its current standing; mixed bag beyond there (not familiar enough to really rank / give thoughts).
In terms of prep, big thing is that you need to understand the tech industry - know who the (non-obvious) big players are, know some good trends, know what the major recent IPOs / M&A deals are, know the main business models (ex: marketplaces, enterprise SaaS, fabless semiconductors, etc.), etc. Your knowledge of the tech industry is going to be almost as important as your technical knowledge.
In terms of prior experience / internships, having past tech experience isn’t a necessity, but it is nice to have. Generally, as long as you have a compelling story for why you’re arriving at tech banking, you can make up for essentially any background.
Good luck - west coast recruiting is way less structured than NY, so network your ass off and be ready for when it strikes
Those top groups (GS, Q, MS, EVR, JPM) are extremely difficult to land. They not only grill you on your typical technicals but a huge part of the process is being able to discuss the industry in depth at an advanced level. They are able to distinguish your actual interest in tech based on how you answer these questions.
Fugit magnam alias ullam ratione consequatur voluptates. Natus repellendus consequatur repudiandae soluta adipisci incidunt. Aut officiis quasi in cum et culpa ad. Eos in beatae neque reprehenderit nulla quibusdam et. Aut ut quidem aperiam.
Cupiditate adipisci ut in. Quos tempore voluptas suscipit occaecati maiores eum. Ut libero officia quia id expedita nobis dolores. Eos architecto eaque qui exercitationem sequi autem.
Vel aut inventore consequuntur voluptas atque quam. Aliquid qui ab officiis pariatur. Magnam voluptatem maxime quidem nam aliquid aut.
Laboriosam molestiae ea repudiandae est et eligendi. Ab nulla quia nostrum consectetur. Sunt temporibus suscipit vero ipsa numquam vero. Ea quia quibusdam esse autem consectetur. Reiciendis et dicta aliquam maiores odio quia. Incidunt est consectetur eum culpa hic. Iusto ipsum rerum ab voluptates ut qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
If you know you want to work in tech banking, you should make sure to allocate your efforts towards tech groups you can directly interview for, such as MS Menlo, Qatalyst, Evercore Menlo. Not sure if GS SF does TMT specific interviews.
Have some sort of legitimate reason so you can explain why tech. You're a CS major who likes the field but realized you didn't wanna do SWE, you worked at/started a tech-startup or a FAGMAN type place, etc
If you want tech, I’m assuming you’re applying for west coast groups - at least, that’s what you should be doing. If you want East coast and tech, your options are limited / it’s difficult to get direct placement without going to a boutique (Eg, Allen & Co)
You can apply directly for the tech groups at every EB / BB in the Bay Area (banks are distributed across SF / Menlo Park / Palo Alto).
There have been some good threads on what the top groups are, but generally MS / GS / Qatalyst are the top three in the bay - difficult to rank amongst them, they all have their strengths and weaknesses. Beyond those, EVR / JPM are both very strong; CS is classically quite good but unclear of its current standing; mixed bag beyond there (not familiar enough to really rank / give thoughts).
In terms of prep, big thing is that you need to understand the tech industry - know who the (non-obvious) big players are, know some good trends, know what the major recent IPOs / M&A deals are, know the main business models (ex: marketplaces, enterprise SaaS, fabless semiconductors, etc.), etc. Your knowledge of the tech industry is going to be almost as important as your technical knowledge.
In terms of prior experience / internships, having past tech experience isn’t a necessity, but it is nice to have. Generally, as long as you have a compelling story for why you’re arriving at tech banking, you can make up for essentially any background.
Good luck - west coast recruiting is way less structured than NY, so network your ass off and be ready for when it strikes
Those top groups (GS, Q, MS, EVR, JPM) are extremely difficult to land. They not only grill you on your typical technicals but a huge part of the process is being able to discuss the industry in depth at an advanced level. They are able to distinguish your actual interest in tech based on how you answer these questions.
Fugit magnam alias ullam ratione consequatur voluptates. Natus repellendus consequatur repudiandae soluta adipisci incidunt. Aut officiis quasi in cum et culpa ad. Eos in beatae neque reprehenderit nulla quibusdam et. Aut ut quidem aperiam.
Cupiditate adipisci ut in. Quos tempore voluptas suscipit occaecati maiores eum. Ut libero officia quia id expedita nobis dolores. Eos architecto eaque qui exercitationem sequi autem.
Vel aut inventore consequuntur voluptas atque quam. Aliquid qui ab officiis pariatur. Magnam voluptatem maxime quidem nam aliquid aut.
Laboriosam molestiae ea repudiandae est et eligendi. Ab nulla quia nostrum consectetur. Sunt temporibus suscipit vero ipsa numquam vero. Ea quia quibusdam esse autem consectetur. Reiciendis et dicta aliquam maiores odio quia. Incidunt est consectetur eum culpa hic. Iusto ipsum rerum ab voluptates ut qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...