Top Bulge Bracket TMT groups?

I am at a mid-tier BB looking to lateral to another BB with a very strong TMT group. Currently in a great retail group but am staying on A2A and looking to change sectors. From research i've done it seems like this is the consensus in terms of deal flow (M&A) and street reputation.

 

1.) GS

2.) JPM/MS 

-Know that the Media Com group is extremely strong at JPM, don't know a ton about MS 

 

4.) Citi/BAML 

5.) CS 

6.) DB/Barclays/UBS 

 

Appreciate any insight anyone has into top performing TMT groups (BB). 

Comments (28)

 
  • Analyst 2 in IB - Ind
Sep 11, 2020 - 8:09pm

Would say Barclays is up there with Citi/BAML if referring to NYC groups over the last couple of years. Are you interested in SF or NY?

 
  • Associate 1 in IB - Ind
Sep 11, 2020 - 9:53pm

Used to work in GS/MS/JP Tech until a few weeks ago (switched to capital markets), and would second that Barclays has done well recently. The compelling part about Barclays NY is that they're the only BB in the city with a pure tech group that has 100% internal execution. GS is mostly Media/Telecom, and MS/JPM both have M&A groups.

 
  • Analyst 1 in IB - Ind
Sep 12, 2020 - 2:46am

MS runs tech M&A out of an tech-specific M&A group and you can still get strong M&A experience as a coverage analyst / associate. Not sure how M&C does it

 
  • Intern in IB-M&A
Sep 12, 2020 - 6:30pm

This...M&A exposure within the group, a dedicated tech group and I'd argue Barclays Tech > Citi/BAML not sure how OP "ranked" the groups.. in terms of M&A and IPO if you check all the tech deals for the year, you will see Barclays name the most except GS/MS... not just opining here.. just check all the biggest Tech M&A and IPO deals..  please note this is only for the Tech group.. it's MT group is separate as noted above

  • 3
 
Most Helpful
  • Intern in IB - Ind
Sep 11, 2020 - 8:15pm

Barclays and JPM split their Tech coverage from Media and Communications. Would agree with the above comment that Barclays is on par with Citi/BAML

 
  • Analyst 3+ in IB - Ind
Sep 11, 2020 - 8:16pm

Obviously MS/GS/Q are dominant but JPM, Barclays, BAML seem to have the fastest growing tech franchises. 

 
  • Intern in IB-M&A
Sep 11, 2020 - 9:58pm

Worked at CS this summer and consensus seemed to be that tech group was in decline because most of the good seniors left.

 
  • Business School in IB - Gen
Sep 12, 2020 - 2:52pm

Is there a general thought as to how this changes if just focused on M&T (more focused on Telecom)?

 
  • Associate 1 in IB-M&A
Sep 12, 2020 - 3:06pm

This is pretty much echoing what's already been said if we're talking tech. GS/MS/Q are a step above everywhere else. For BB JPM (which is above BofA) and BofA are the fastest growing I've seen. Will probably get MS thrown at me for saying this, but don't think Citi and Barclays are on par with either of those two yet but Barclays is definitely a growing practice. CS Tech isn't what it used to be back in the days with Quattrone around. That being said, I'd say your ranking is generally quite accurate, although I'd put Barclays a slight step above DB/UBS. If you're really discussing tech/SF, GS/Q/MS is where you really want to be if you have the opportunity

 
  • Analyst 2 in IB - Ind
Sep 12, 2020 - 7:40pm

I'd say it would be helpful to isolate for location. My opinions are below:

SF: JPM > BAML > CS > Citi / Barclays

NY: JPM > Barclays > BAML > Citi > CS 

 
  • Intern in Other
Sep 12, 2020 - 3:35pm

Media Comms is absolutely one of the best groups at MS, up there with the Menlo tech group and NY M&A. Intense and known to be a massive grind, but worth the pain 

 
  • Intern in IB - Gen
Sep 13, 2020 - 9:32am

Could someone clarify if MS has a Tech group in NY? Is it grouped together as M&T in NY, and if yes, how does their M&T group compare to MS Tech in Menlo Park?

 
  • Prospect in IB-M&A
Sep 13, 2020 - 10:03am

In ny it is split into east coast tech and media & communications. Media comm is seen as a very strong group in my. Menlo Park tech is viewed as a stronger group than east coast tech. 

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