JPM TMT vs Consumer/Retail - Exit Ops?
Does anyone have insight on what the exit opportunities look like between JPM TMT and Consumer & Retail groups in NYC? Interested in both buyout and growth equity exits in recent years - would you have troubles getting interviews due to not being in the M&A/Lev Fin group?
Edit: Not looking for MF buyout exits. Mostly want to see if you would get looks from growth equity firms, sovereign wealth funds, co-investments/secondaries, etc. Looking at better lifestyle exits. Currently work in Tech M&A at a BB and realize larger shops aren't my cup of tea after working with them on a bunch of deals. Would I be better off staying put in the M&A group focusing on tech at a lower-tier BB?
bump
Not trying to be an A-hole but it's hard to take this question seriously when T / M&C are entirely separate groups at JPM.
Don’t think anyone is implying they are the same group.
in fact, it explicitly says “tmt vs CR”...
I think Analyst 2 is saying that there is no TMT group at JPM, it’s split into 2 groups: Tech, and Media and Communications (M&C).
Hey sorry about that - was referring to the M&C team and the C&R team in NY. Wanted to know more about exits to see if it is worth the lateral switch from another BB in SF (focusing on tech) - may have an opportunity.
All good, I gotcha now. Both of those groups placed well in this last round of people leaving (i'm not sure about the actual most recent recruiting class, just the most recent class that finished there two years and started new jobs). Both of the teams had MF placements, UMM placements and growth equity placements. If your decision is between those two, i would probably weigh other factors and not really worry about exit opps (however it's obv really important to think about which industry you want to up as an investor in).
If you want to do C&R growth equity (just read this in another comment) then i would definitely put in the effort to switch. I would imagine getting a job at any of the reputable growth players would be a bit of an uphill battle from your tech M&A team but i would think that largely depends on what you've done (i.e. a bunch of SaaS stuff vs. eCommerce or maybe even online direct to consumer type companies, which you could obv spin).
In terms of looks from top funds and HHs Tech and C&R are equivalent. M&C gets more looks than the other two (and I'd say more than Lev Fin as well) from MFs / UMMs - a LinkedIn search will show you this
Do you happen to know the exact exits from C&R in recent years?
I don't have exact information on either group, but I have friends in both. I know that M&C has tended to place most analysts that want it in UMM / MF, and that some analysts in C&R have had a difficult time with recruiting
Lmao it’s JPM, exits will be fine
Per my understanding, JPM LevFin doesn't really place to MF PE. Knew an analyst there who told me most exits were to credit roles (think BX TacOps and similar, particularly the more boutiquey firms that do this). My guess is that you'd be just fine for exits regardless of the group; small sample size so take with a grain of salt.
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