Considering lateralling to either of these groups. Both are tech (JPM is coverage).
Which offer would you take? Primarily interested in which places better into buyout. Not interested in growth equity. Not necessarily interested in tech PE specifically either.
Thanks!
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Def JPM SF for buyouts in general despite no in-house modeling
Agree with the above. JP Morgan has a stronger presence and platform when it comes to the West Coast.
Both are mediocre. JPM SF historically send people mainly to strategic finance type roles - honestly not sure why. Moelis on balance is better because the SF office helps their Analysts with recruiting quite a bit if they want - I think they have a couple people going to MMs this year.
If you’re not interested in tech nor growth, why on earth would you lateral to SF....
Probably at a MM or lower BB somewhere else and was open to opportunistic laterals wherever. SF lateral market has been extremely active. Worth it for the substantial brand upgrade even if you aren't 100% wedded to tech.
This is correct. Currently at a top MM.
Already in SF in a tech banking role, so it's easier to make the jump to a better bank in the same location / vertical. I don't dislike tech, but I'm not 100% set on recruiting for tech buyout specifically, so I want to take whichever role will potentially give me better looks in other industries. Thanks.
Definitely worth mentioning then that Moelis SF is technically a generalist group, at least at the lower levels. That being said, I believe (don’t work there so can’t 100% verify) the vast majority of their work is still in tech and a small minority is in Healthcare due to the MDs/seniors in the office and SF banking generally.
Hands down JPM SF if the goal is to land a role at a top buyout shop.
Can confirm that this is accurate. Work at a well-known UMM / MF and JPM SF is going to get you more PE looks.
can you comment on looks versus GS SF and MS SF?
Anyone know if getting into later stage vc from JPM sf is possible?
Know folks that have been involved with both of these two groups. JPM TMT will offer more optionality across PE / GE / VC (i.e. SLP, TAA, TCV, IVP, etc.). The group is growing quickly and winning more and more meaningful mandates. When associate recruiting rolls around, you will have your pick of the lot for UMM / MF.
Have also heard it's pretty sweaty
Ran a quick linkedin screen – doesn't look like many end up placing in UMM / MF and the ones that place into those fund in SF were from the JPM NYC office.
Agree that on balance from an exits perspective JPM NYC will place better on both coasts compared to JPM SF. That being said, probably also agree with the point that JPM SF would still get you tiered higher on the buyside versus MoCo SF.
I don’t think this is true. Moelis SF consistently sends to MF and UMM buyout and moelis as a whole is just incomparable to JPM placement. These last two cycles, look on LinkedIn how many moelis guys are at TPG as associates (think over 5 in tpg SF office). Know SF placed guys there in these most recent cycles. Analysts there constantly get pinged by HHs for early chats with TPG, KKR, SL, Thoma, Vista, etc.
OP - know if there are any additional lateral spots with JP Morgan in SF? Also when do you need to decide by?
Get the offers first
Don't think this is a very difficult decision. I would go with JP SF ...
Would say Moelis SF outplaces most firms in SF (think people just don’t know this cause analyst class size is much smaller than BBs). Consistent sends to MF and UMM as headhunters treat them as Moelis LA and essentially a 100% exit rate to buyside in every analyst class. Know for a fact JPM TMT does not place that well despite what others are saying here. They don’t get tier 1 MF buyout looks. Moelis analysts consistently get looks from TPG, KKR, SL, etc, and have their pick of the litter when it comes to MM buyout.
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