TMT

Hello WSO, I recently got offers from JPM NY as a Generalist having to go through placement later and Bank of America TMT in their PA office. Personally, I have the long term career goal of working in tech investing, leaning more towards growth stage but also might consider tech buyout. I wonder...

13 Mar 2023

Seems 2022 has been a good year for LS books focused on certain industries (one obvious example being Energy). Also, many of the large shops (think Citadel, MLP, Balyasny, Point72, etc.) have posted overall good-to-impressive 2022 returns, even when just looking at their Equities businesses in...

03 Feb 2023

Hey, Does anyone have any information on what Delta Partners is like? What type of projects do they work on? What is WLB like? What is compensation for their Dubai office? Any information at all would be very valuable. Thanks

20 Nov 2022

I am very interested in M&C for the future. Would love to hear some input from anyone who has M&C experience. 1. What are the cultures like at different BBs and EBs? 2. What type of industry specific knowledge is important to understand well in order to excel within media and comm groups? 3. What...

24 Oct 2022

Hey all. After IFRS 16 became effective, when valuing a business that depreciates infrastructure vs leasing infrastructure (e.g. Telecom tower business), which of the two would generally be assigned a higher valuation multiple and why? To my understanding, capital and some operational leases are no...

10 Oct 2022

monkeys - need your insight on culture, dealflow and WLB

09 Oct 2022

Hey guys, I signed with a top MM TMT shop in my state and will be joining their Fintech buyout group soon. Just wondering if anyone knows if it can exit into GE / VC, corp dev, or MF. Any insights would be appreciated.

16 Aug 2022

What type of investment banking would cover sports related companies-- does anyone have any insight into which firms get the most sports-related deal flow? My dream job is to work in sports in some way (PE, etc.) and I am interested in doing the banking stint first.

06 Jun 2022

Rising sophomore at a target and I'm interested in working in the TMT space. After speaking with upperclassmen at my school going into banking, I think I'm currently leaning more towards a boutique experience. With that being said, I'm still quite young so I don't necessarily want to go into a...

21 May 2022

Any view on which group would be better to lateral into as a mid /senior level associate?

20 May 2022

Hi all, When thinking of BB firms that dominate tech, these two always come up. Both have west coast offices that kill in deal flow. Curious if anyone out there can give a high level overview of each in terms of culture, comp, exit opportunities (PE/GE/Corp Dev, etc), and anything else. I also know...

30 Mar 2022

Hi all, I will be interning in M&A at a tier 1B BB next summer. Don't know which idustry to choose. According to you what are the most strategic sectors to work in (in terms of deal value and exit opps)? Also, I would love to choose a sector that will make my resume attractive to other top banks...

26 Mar 2022

Just curious as to the current state of the TMT team at UBS, especially after they lost several MDs to SVB last year. Would you still consider it a good team to work for? If not, which other teams would you suggest joining?

07 Mar 2022

Title says it all. Which banks have the best Media/Telecom groups, in terms of deal flow and PE exits?

14 Feb 2022

I'm a ER Associate with 1 yr of experience looking to switch coverage to TMT, then eventually the buyside (currently covering different sector). Can anyone speak to the favorability of each TMT subsector (Internet, Software, Hardware, Semiconductors, Fintech, Media/Gaming, Telecom) for buyside...

12 Jan 2022

Sorry if this has already been covered elsewhere but just wondering how software investors that are technically GE shops (Insight / TA / GA / TCV etc.) are executing majority transactions on companies that are not cash flow positive. Are they not using leverage and just buying up equity with cash?...

29 Dec 2021

Dear All, Can you please give me some high-level guidance regarding how to prepare a CIM for a tech company (such as Fintech)? The template provided by MDs seems very traditional and do not have the technology part :( Any guidance/sample is greatly appreciated. I have a tech+ finance background and...

17 Nov 2021

I have an investment banking superday coming up for a Technology coverage group (software focus) and I was wondering if there are any technology/software specific technical questions outside of the standard guides that I should prepare for. I already read through the classic BIWS interview guides so...

28 Oct 2021

After graduating in May 2020 and working in Big 4 Advisory, I lateraled to Raymond James/Blair/Harris Williams level TMT groups this past August/September. I am thinking about recruiting for PE next year but am not sure my current groups will give me the best shot at top PE firms - I am not 100% set...

11 Oct 2021

Hi guys, need some help here. I interned at MS IBD and have been working in PE for 3 years as an Analyst. Lately I have received 2 associate offers, PE vs. Crypto VC Investment. Both are investment roles with great senior exposure for having small/startup teams. The PE fund is a TMT buyout fund that...

27 Sep 2021

Recently got an interview for Wells Fargo Corporate Banking Analyst 2 role. In preparation of the interview I wanted to see if anyone has any tips for the interviews and how to best prepare for the interviews? Any help would be much appreciated, please feel free to reach out!

07 Sep 2021

Looking for some advice and insight as to how WF Corporate Banking Analyst Program is like. More specifically their Tech, Media & Telecom group. Looking to potentially join as a Senior Corporate Banking Analyst so any info on the program as well as TMT would be much appreciated.

19 Aug 2021

For those of you that have been in TMT / M&T, what are the best Media & Teleco newsletters you've come across?

17 Aug 2021

Hi everyone! Would appreciate a detailed update about the TMT team at Mizuho SF office. Exit opps, comps, exposure, hours, culture, is it easy to lateral to a better EB/BB in SF, etc. I am trying to search where analysts there go after their first year but didn't find much success. Super appreciate...

02 Jul 2021

What's your opinion of the TMT department of UBS? Referring to the London office run by Global Co-head of TMT Mr. Christian Lesueur. Thinking of signing them up to lead a European software business sale to PE/strategics. Are they doing a good job? What do you hear out there? Many thanks in advance....

25 Jun 2021

I've been reading these forums for a while and finally decided to make the push into IB. Currently looking to lateral internally (or externally if it doesn't work out) from a PWM rotational program into Investment Banking. I've been doing my homework and following the guides posted on here and M&I....

28 May 2021

Hi! I interviewed last week on Friday May 14th with LionTree's office in SF. Has anyone heard back from the team yet? Did they say when we should expect to be notified about whether or not we were accepted into the program? Thank you!!

21 May 2021

Hi all, Recently got a lateral offer from HL for their TMT group. Office locations are LA, Boston, SF, and NYC. Currently, I am at a no-name boutique that focuses on TMT. Thoughts or opinions? Is HL a big step up? Anything I should ask or be worried about?

14 Apr 2021

Saw an older thread similar to this but wanted to get an update since a lot of these shops are relatively young. How do tech-focused boutiques like LionTree, FT Partners, Raine Group, and GCA fare for exits to VC compared to tech groups at larger banks? Are exits to startups more common? And for...

10 Apr 2021

Hi all - how would you rank GS Cross Markets Group (CMG) vs. Citi/BofA/Rothschild TMT (All London)? Any info on how sweaty these teams are would be very appreciated!

27 Mar 2021

I am currently from a semi-target NYC school in Los Angeles and am looking to make my way back to where I grew up, New York. I am very passionate about Technology and Finance which obviously leads me to a TMT group. There was a forum from 2015 on the topic but I assume a lot has changed since then....

06 Jan 2021

I have a Bachelor's in Political Science from a target European University. I then started a master's in Marketing which I didn't finish and did the same with a master's in Finance. By that point I had secured a full time offer in a BB in London, in their TMT team. After a bit more than 18 months, I...

20 Oct 2020

I have a Bachelor's in Political Science from a target European University. I then started a master's in Marketing which I didn't finish and did the same with a master's in Finance. By that point, I had secured a full-time offer in a BB in London, in their TMT team. After a bit more than 18 months,...

22 Sep 2020

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...

11 Sep 2020

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...

10 Sep 2020

Both industries are interesting and have a lot of developments happening within them. I know that Technology and Healthcare go hand in hand often - does this mean that the Healthcare group will cover a healthcare technology company or would that be covered by the Technology group, does anyone have...

01 Jun 2020

Hello fellow Monkeys, I hope everyone is doing well in these crazy times. In light of the Barclays FSG thread, I would love to hear thoughts (culture/exit opps/hours) for the Barclays TMT group in NY. I realize there is an old thread regarding the group, but it seems a lot has changed since and...

14 May 2020

Hello! I was hoping that someone could shed light on which group would provide me with the best learning experience for exits into PE? Will any of these groups pigeon hole you? As in if I am in TMT, will I not get to work on bigger deals because of the nature of the industry compared to Industrials...

13 May 2020

Hello all - I have a final round coming up for an infrastructure fund focused on telecom, airports, roads. I have read a lot of posts on modeling type of case studies and am comfortable with those, but can someone provide tips or general idea of how more on-the-spot type of case questions would...

06 Apr 2020

Can anyone provide any color on the following banks regarding their tech / fintech coverage? Any info appreciated regarding dealflow, comp, culture, etc. How would you rank them? For NYC. * Jefferies * Cowen * Nomura * Rothschild * PJ Solomon * FT Partners * GP Bullhound

12 Feb 2020

For a few personal and professional reasons, I left a BB to join a smaller boutique. This has come with a promotion up a year in standing & pay well-above street (190k base as an Associate 2). I am greatly enjoying it, but the inner ambition in me is curious as to my future career prospects given...

21 Jan 2020

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19 Nov 2019

How would you evaluate these two opportunities? A media focused boutique M&A shop and an alternative HF w ~10Bn AUM. If I were to work for the M&A shop for 2 years would I have a chance to get into the HF if I want to? - senior at a target ivy - this FT offer isn't a SA return I was at a different...

10 Nov 2019

Hi guys I cover TMT in London (from IB) and I love my sector. As the passion grew, I actually found myself learning things like software development and network engineering as a hobby. I am keen to meet up with like-minded people who work in TMT to discuss sub-sectors, careers, developments etc If...

24 Oct 2019

Hi guys I cover TMT in London (from IB, not buy-side) and I love my sector. As the passion grew, I actually found myself learning things like software development as a hobby. Some clients love when there is a banker in the room who actually understands the operational side of the business being sold...

24 Oct 2019

Now that Evercore's M&A NYC Analyst class is getting bigger (~50 Analysts) and they are placing Analysts into groups earlier - I was wondering what the top groups at Evercore are considered to be? I'm interested from a deal flow perspective, prestige perspective, and best exit opportunities into PE...

23 Aug 2019

Hey Guys- Wondering if I'm completely insane here or just stupid. I've been working in Large Cap TMT companies in a variety of roles for the past decade: Corp Dev, Biz Dev, marketing, management consulting, analytics. Past few years, I took the side-door into corporate development as an operational...

03 Jun 2019

Hi All As a new joiner with a listed technology firm (in the digital infrastructure space), i've had difficulties understanding the various terms (on any topics such as AI, Blockchain, Cloud, Cybersecurity, IoT, Network) used by the sales/products team. I thought it would be good to start a thread...

25 Oct 2018

I am reevaluating my career path, any input and advice would be appreciated. How are the exit opportunities for a CFA level 3 candidate working in corporate credit ratings at a CRA for the TMT industry (masters/MBA position with client and c-suite interaction)? Prior to this, I worked a few years at...

19 Sep 2018

What BB investment banks have the best TMT group? I do not mean Tech or Media or Telecom I only mean TMT. I would preferably like to only know the NY location as well. I already know that Goldman has the best TMT group but what other companies are up there and can you rank them?

24 Jul 2018