I've got interviews coming up in a coupe weeks. How do you rank the tech groups on the street? Do you ranking them differently in the Bay Area vs. New York? Note that I have searched the forum and do see other topics on this, but they are a bit dated.
Also, any insight on how hours / salaries compare between the firms?
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lol so funny chances are you don't work @ goldman tmt or let alone goldman and the group is still respected so much
How is MS Technology doing after Mary Meeker leaving for Kleiner Perkins Caufield & Byers? How do you rank the tech groups in London?
I'd like to know this as well. Ranking the tech groups, that is...
Also curious. Heard some very good tech groups out in Menlo Park/LA
There is no comparison between Bay Area and NYC for tech banking. I know BX has tech M&A in Boston, but that's an exeption. The order is basically GS&MS as the gold standards, JPM/CS/Qatalyst right below them. Hours and compensation are the same as NYC counterparts in coverage groups - 90-100 is pretty standard, 70/10 for me. On the plus side, it's SF - today it hit 60. Compare that to the blizzards in NY.
When you say GS&MS are the gold standards....is that only for SF? How are their nyc tmt groups in terms of ranking/exit opps?
MS NY is mainly media&telecom, ditto JPM. I know GS does some media out of LA. I mean, I'm sure those exit opps are equally as good as tech in SF if only because of more opportunities in NY than SF to go to the buy-side.
And for all the posters, the tech groups are spread around the Bay Area. GS, JPM, DB, CS are in the city. MS, Barcap, Blackstone are in Menlo Park.
I heard SF is mainly only tech, while NYC is TMT and deals are split almost 1/3 for T, M, and T.
Someone correct me if I'm wrong, but there is NO Tech. in MS SF, their Tech group is in Menlo Park. Also does MS Menlo Park have healthcare?
And BAML is Palo Alto. Pretty sure some other shops are up there too.
London?
Perella was on the Seagate LBO, but that didn't pan out. They have about 8 bankers up there, small office and mostly focused on tech/internet M&A.
tech group pretty much goes like this...
GS/Qatalyst/MS in no particular order
CS/JPM
Barclays, BoA, DB
Some boutiques (PWP SF, honorable mention RBC, Sagent, GCA, TWP - now Stifle)
Citi? Haven't seen them at all Blackstone Menlo - haven't seen anything from this shop either, but maybe I missed it in the news
However, noted that some shops do purely M&A, which is exactly the type of experience you want as an analyst. If you go to bigger shops such as BoA and DB, they do A LOT of IPOs, equity offerings. And yes, the lower level BBs compete consistently with the smaller shops for MM deals.
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