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
5.) CS
Appreciate any insight anyone has into top performing TMT groups (BB).
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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?
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.
What does internal execution mean?
Interested to know the culture/lifestyle at the different Tech/TMT BB groups compared to Barclays, which I know is pretty brutal.
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
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
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.
Obviously MS/GS/Q are dominant but JPM, Barclays, BAML seem to have the fastest growing tech franchises.
Would put CS Tech above Citi and BAML. I'm at a top tech group and see them more often.
Worked at CS this summer and consensus seemed to be that tech group was in decline because most of the good seniors left.
Also worked at CS this summer. From my friends in the tech group I heard deal flow was pretty good. One of the better groups at CS, no?
they're all really good if you have the opp
MS / GS / Q much better than the rest. JPM is at least a tier below
Is there a general thought as to how this changes if just focused on M&T (more focused on Telecom)?
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
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
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
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?
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.
Someone got insights for London?
MS & GS
BAML TMT (NY) is growing rapidly, culture is strong, exits are decent and are getting better. I interned with the group
I’d edit the list to put GS/MS on top. JPM has made big strides but still falls short compared to those two.
I would caveat this by mentioning that Citi has been making moves in the flashy new SPAC space. Not sure who’ll come out on top but as of now GS and Citi are the de facto leaders.
Not a BB but Gugg does well in TMT too
JPM M&C has an industry leading frachise. Really talented senior bankers who have been around since the 90's (Bear Sterns alum). Strong relationships and are always present on most of the mega deals in the space.
Can second this. The NY tech group also has solid exits.
interesting that 2 years later, Barclays Tech seems to be ahead of the rest of the non-GS/MS/JPM banks
The original "ranking" was a joke. Barclays tech has been top 5 amongst BBs for years now.
Based on what? Is this for barclays SF/LA too?
You gotta stop listing them GS/MS/JPM. It’s GS/JPM/MS now. Got it?
I don't think JPM has been lead-left on a flagship IPO or M&A deal in years. MS, GS, and Q are head and shoulders above JPM
lol ur comment history is all about how JPM > MS, you even say you work at JPM
This forum never ceases to amaze me
How strong is the TMT group at DB?
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