TMT Investment Banking (NYC) BB

Hi does anyone know which firms among the bulge bracket have the best cultures/deal flow in the Technology, Media, and Telecomunications space? Was wondering specifically for NYC offices that have TMT groups.

I know that GS is notoriously known for it's amazing TMT group but any color on the other firms would be great.

Is it accurate that:

1.) GS
2.) JPM
3.) MS
4,) Citi

not sure how the others fare?

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Comments (33)

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  • Analyst 2 in IB - Ind
May 30, 2020 - 1:17am

BAML > Barclays > DB for west coast offices

Barclays > BAML > DB for NYC

  • Intern in IB - Ind
May 28, 2020 - 5:57pm

GS > JPM > MS > Citi > BAML > Barclays/CS > DB/UBS. Citi and Barclays(likely others too) seem to be investing a ton in TMT hiring, will be interesting to see how it plays out

  • Analyst 2 in IB-M&A
May 28, 2020 - 6:20pm

usually I don't comment on threads but this post is extremely inaccurate that I need to intervene. Citi TMT is not as good as you're saying. Barclays TMT is one of its weaker groups. CS TMT is one of its stronger groups
CS > Citi > Barclays

May 29, 2020 - 9:16pm

Definitely fluctuates amongst the three, but keep in mind Barc separates out Tech and Media/Telecom. Heard M&T there is good (especially telecom), but tech is weaker.

  • Intern in IB - Ind
May 29, 2020 - 11:42pm

Citi also separates them. Barclays may be weaker overall (MP office isn't strong compared to other west coast offices), but their NYC tech team is stronger their NYC mid-tier BB peers. In SF, CS is likely the strongest despite somewhat of a weakening over time.

  • Analyst 2 in IB - Ind
May 29, 2020 - 8:22pm

Hard to talk about TMT anymore. Would say that JPM M&C is really solid having been on all the biggest deala lately: Sprint / T-Mobile, Disney / Fox (and RSN Divestiture) and AT&T / Time Warner. Don't know about the tech team but they have teams in NY, Boston and SF with SF obviously the major. Feels like GS is the king in tech (they had Uber, JPM had Lyft) etc.

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