Wells Fargo vs. Tech Boutique (think Union Square/GCA/FT Partners)

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Would love to hear people's thoughts on the comparison between Wells Fargo IB (platform offer - all divisions and locations) vs. a small tech boutique (think USA/GCA/FTP in NY office) for SA position.

 

Here's what's important to me:

  • Learning experience & responsibility
  • Potential to re-recruit for full time at BB or EB
  • Exit ops - preferable PE or lateral, and the more optionality the better
  • Getting experience in tech/TMT (whether at SA stage or later on)
  • Culture

Thank you so much for sharing. This community has been incredibly helpful throughout recruiting.

Comments (22)

 
  • Analyst 1 in IB-M&A
Sep 10, 2020 - 2:39pm

if you are 100% sure you want to do software take USA/GCA

if you are 100% sure you wanna do fintech take FTP

if you arn't then take Wells (bigger and louder brand, but the aforementioned are stronger in their niches)

 
Most Helpful
  • Analyst 2 in IB - Ind
Sep 15, 2020 - 12:04pm

TMT WF here, I've had a good experience. Working on a few different live sell-sides, closed an IPO, SPAC sell side, etc. Comp is solid too and I've gotten looks at MM PE / growth equity / LS equity HF's. Solid experience all around - I'm sure it's better from an exits / deal flow perspective at a higher ranked shop, but I'm happy enough that I'm staying the full analyst program before leaving. Culture is good too. Banking is banking, so you will get worked, but that comes with the territory. 

 

One major upside in this environment is job stability at a large bank. I've heard great things about GCA though and recruited there while in undergrad. They recently did the Luminar sale to a SPAC, which was a pretty big deal. 

 

Can't speak for FTP other than I know one guy who absolutely hated it there, but it seems like you develop a deep industry expertise within fintech. 

 

Personally, I'd focus on the firm that develops the best technical skills / exposure to software, as that's where much of the tech investing activity is. 

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