<p>are there big investment banking firms in california? if so which cities? are as prestigious as the ones in new york city? and is haas school of business at california university-berkeley a good target school for these firms? </p>
<p>thank you all. this will help me a lot.</p>
<p>Yes, practically every bank has major offices in SF/LA. SF is ground zero for tech banking, and LA for media/entertainment. Some of the top groups for various banks are located in CA, so it can definitely be as “prestigious” as working in NYC.</p>
<p>As for Haas, it’s a solid target for west coast offices. Going from Haas to a New York office will be difficult, but if you want to work in CA, you’ll be fine coming from Haas.</p>
<p>What about working in CA coming from Brown?</p>
<p>In general, it’s difficult to move out of your target region. I was at a west coast school, and practically every listing specifically stated “SF/LA offices”. To be considered for NY, we had to bypass the OCR listings and apply directly through recruiters, which put us in a more competitive pool. Similarly, Ivies are primarily recruited for east coast offices (NY, Boston, etc), so you’ll have to be put in a special pool for west coast groups.</p>
<p>NY offices are generally the most competitive, so it’s harder to move from west coast to east coast, but keep in mind that there are fewer west coast slots. I don’t about Brown specifically, but I have friends at other Ivies who had difficulty getting west coast interviews compared to NY interviews. That being said, if you’re a top candidate from a target, anything is within reach.</p>
<p>Also, none of this applies to S&T, only IBD. If you want to do S&T, you’ll almost certainly be placed in New York.</p>
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<p>NYC is better in terms of career/prestige/training, but if you’re set on tech in SF, then MS Menlo Park and GS TMT are probably the best groups.</p>
<p>Plenty of SF/LA recruiting at Wharton from what I remember, but most students’ first choice is still NY. Haas might be a target for SF, but it’s not for NY</p>
<p>is there investment banking in colorado? like denver?</p>
<p>I know of only one broker/inv bank based in Denver- Janco Partners. You can count their IB personnel on 1 hand. They may hire 1 undergrad every few years if that.</p>
<p>Is USC a target for west coast?</p>
<p>daniels and associates is also in denver - they do lower mid-market tmt deals and have ~20-30 bankers i think</p>
<p>can someone explain what S&T and TMT stand for? also how would CMC compete with haas?</p>
<p>S&T = sales & trading
TMT = tech, media, and telecom</p>
<p>Investment banks have separate industry groups, and TMT is one of them, other common ones being Financial Institutions, Financial Sponsors, Industrials, Natural Resources, Healthcare, Consumer/Retail, Energy/Power, and Real Estate. Some banks further split TMT into separate tech and media/telecom groups.</p>
<p>are salaries and bonuses the same in california?</p>
<p>^it’s almost always lower than NYC</p>
<p>^ No it’s not. Base and signing are standard across IBD at all banks (70/10 for BB’s). Year-end bonus depends on individual performance. Some of the highest paid analysts at GS are in TMT SF.</p>
<p>does anyone know if USC is a target for the west coast?</p>
<p>Yes, Goldman and other banks conduct on campus recruiting at USC.</p>