West Coast TMT Banks Ranking

Based on analyst experience + buyside exits

Tier 1: GSTMT SF, MS Menlo, Qatalyst

Tier 2: Lazard SF, Evercore Menlo, JPM SF

Tier 3: CS SF, Centerview PA, BofA PA, Moelis SF

Tier 4: Jefferies SF, Citi SF, PJT SF, Barclays Menlo

Tier 5: PWP SF, DB SF, UBS SF, Greenhill SF, etc.

Leave it in comments if any disagreements / banks I missed! By no ways definitive rankings

 

Looks accurate enough, although not sure how many deals PJT SF gets. I wonder how BofA and CS have been doing since I heard several MDs made a move to CVP from BofA and CS also had problems that I can't exactly remember (maybe because of Bill Hwang?). Also not sure if UBS should even be on the list because I heard every MD in TMT on the west coast left last year and this seems like a cycle for them every few years. I am not exactly disagreeing, but hoping for an update from someone. 

Edit: I just wanted to add that Lazard SF gets pretty good exits compared to the rest of the Tier 2 and CS guys pull for each other on the buyside. Some buyside firms put JPM slightly above rest of the Tier 2. It's all pretty confusing to me.

 

Laz still have better exits even though JPM is sometimes considered slightly better?

 

That's what confuses me. Could be the size of the class and tech and M&A being divided at JPM, but not sure.

 
[Comment removed by mod team]
 

CS SF had terrible turnover last year and is in complete rebuild. Only a few MDs were left not to mention all other departures from analyst to VP. Really tough but rehiring began this year so maybe will regain reputation. Group was doing great past few years before this with SPAC boom and some big IPO wins (Lyft, rocket, realreal)

 

Lol… Laz SF likely has the best exits out of Tier 2

 

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