J.P. Morgan IBD TMT vs. DI
Can anyone speak to the differences between the J.P.'s Tech, Media, and Telecom group and their Diversified Industries group in terms of overall image, culture, exits, etc.? Any insight would be much appreciated.
Can anyone speak to the differences between the J.P.'s Tech, Media, and Telecom group and their Diversified Industries group in terms of overall image, culture, exits, etc.? Any insight would be much appreciated.
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TMT is one of their stronger groups. Telecom vertical is especially strong, very arguably best on the street. Limited sample of people I've spoken with (an associate and an analyst) say they really like the group but it is a complete, complete, complete sweatshop. I don't have any real info on industrials so it will be hard to use the above as a point of reference.
^ I work in a separate TMT group on the street and I never see JPM that much on telecom (which is what my group does more of). Best banks are GS, MS, Credit Suisse, and Barclays. All 4 before JPM in my opinion.
I work in a separate TMT group at a BB and that's a pretty dumb thing to say re: JPM
Recently spoke to an Ex-VP from MS Menlo - he named JPM as being close behind MS & GS across the Tech space. Nice try.
Heard good things about TMT in London, top preference for most of the summer analysts in past few years (making it pretty hard to get an offer there).
JPM Telecom was lead advisor on the $10.5bn Frontier Comm. - Verizon landline deal in February, and also advised on the 5bn Verizon divestiture to American Tower Corp. that announced that day
Are we talking about EMEA or North America? For EMEA, J.P. Morgan TMT has a strong reputation and it is considered one of the leaders in Telecom and in some other niches (e.g. payments). Analysts there have been recruited by top PEs shops including Blackstone and summer interns received HH calls for places such as Blackstone and SilverLake. Cannot talk about DI position against competitors, but J.P. Morgan has been reported as working on the buy-out of Pirelli, c. €7bn transaction, had a leading role in the creation of FCA (I think it was VEBA advisor). People from DI have moved to funds such as TA Associates and Bain Capital.
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