Net income. And through Howard Weil, our U. Houston TX. Mobile Investment Consultant — Midtown. Toronto Sr. Save Job 2d 2 days ago. It’s simple to set up.
If you’re new here, please click here to get my FREE page investment banking recruiting guide — plus, get weekly updates so that you can break into investment banking. Thanks for visiting! A: Sure. I was interested in finance from an early stage since my brother worked in the industry, so I aimed to get as many internships as humanly possible. I did corporate strategy, real estate, and private equity internships all before junior-year IB recruiting began, and then I won a summer internship offer in an energy IB group at a bulge-bracket bank in Houston. I worked on a few midstream and upstream deals and gained decent experience, but I wanted to move to New York and work in a generalist PE cibx. That proved almost impossible, so I ended up joining a tech startupfirst in a finance role and later as a Product Manager.
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If you’re new here, please click here to get my FREE page investment banking recruiting guide — plus, get weekly updates so that you can break into investment banking. Thanks for visiting! A: Sure. I was interested in finance from an early stage since my brother worked in the industry, so I aimed to get as many internships as humanly possible.
I did corporate strategy, real estate, and private equity internships all before junior-year IB recruiting began, and then I won a summer internship offer in an energy IB group at a bulge-bracket bank in Houston. I worked on a few midstream and upstream deals and gained decent experience, but I wanted to move to New York and work in a generalist PE role. That proved almost impossible, so I ended up joining a tech startupfirst in a finance role and later as a Product Manager.
In interviews, they do ask about energy-specific concepts, but the amount of technical knowledge you need is exaggerated. Specifically, a lot of finance majors in the state want to go to NYC or immediately exit for buy-side roles, and interviewers pick up on.
Plenty of middle-market and industry-specific boutique banks also do well but work on smaller deals. When I was there, Citi tended to do more equity deals, CS tended to do more high-yield issuances, and Barclays was more diversified.
These were just my high-level impressions. How did you like it there? A: It was a big minus for me. I had lived in Texas for several years in university, so I thought it would be fine. The first six months were OK, but the routine quickly became repetitive. The downstream and oilfield services segments are fine as well, but there were fewer buy-side opportunities in.
The only difference is that you recruit for the energy groups at these funds, or with energy-specific funds. Among the Analysts in my office, only one won an offer at a generalist PE firm, and he did it by moving down-market and joining a lower-middle-market fund. I had always been interested in technologyand I saw the news that one startup I followed had just raised a Series A round.
So, I emailed the CEO to ask about it, went through a few rounds of interviews, and accepted an offer. I spoke with the key people on the phone, and they asked for a few references, which my Associates and VP happily provided. And then I spoke with the CEO for a few hours and received an offer right away. A: I spent the first few months putting in place accounting and finance systems for the company, but we hired a bookkeeper for most of that once the systems were in place.
The hours are much better than in banking usually 9 AM to PMbut if something urgent comes up, we have to be. Software breaks all the time, and emergencies are common. I plan to stay here for at least the next few years, but in the long term, I want to launch my own startup or move into venture capital.
In his spare time, he enjoys memorizing obscure Excel functions, editing resumes, cibc houston investment banking over TV shows, traveling like a drug dealer, and defeating Sauron. Free Exclusive Report: page guide with the action plan you need to break into investment banking — how to tell your story, network, craft a winning resume, and dominate your interviews.
How are my odds for getting an internship or full-time role at a BB in Houston. Banks in London obviously do not focus on recruiting from schools in Texas, but the interview questions may be similar. And then there are other differences like assessment centers, competency questions. I am about to join an energy group in Houston after graduation.
Would you recommend picking up an energy specialization at my school before starting? Will this help me stand out amongst other bankers? Product Groups: equity advisory; debt financing acquisition and leverage finance; debt capital markets and solutions businesses equity solutions, risk solutions and insurance solutions. PE exits are very good if you stay within energy. You can have a relatively unconventional trajectory, and if you tell a good story, can still land a gig with a Megafund.
Also, for PE interviews, expertise is a real plus if you have differentiated experience. On the personal life front — I cannot echo what the interviewer said. New York it is not. In the office we joke that you save a lot of money in Houston… which you then spend leaving Houston whenever you. Relocating from Houston to elsewhere, especially for energy finance professionals is difficult. The industry is very entrenched. Half kidding. Austin is an option if you can find a more tech-centric role in energy.
Of the verticals within energy — upstream, midstream, downstream — all are worthwhile, although because of the cycle, different ones are in vogue at different times. The deal sizes are way smaller and the clients are as cheap as can be because of where they are on the food chain. There are also far fewer deals. I am a sophomore at a lower ivy currently.
I am from Houston and I would prefer to work there in investment banking. You seem to be very knowledgeable on the Houston investment banking scene.
Do you have any advice or suggestions on how to get a summer analyst position at a Houston bank from my position? Thanks in advance. Sorry for the late reply. All the bulges will recruit at your school — and will typically be thrilled to have an ivy-leaguer to send down to Houston assuming you pass muster of course. Ivy Leaguers are unicorns here and tend cibc houston investment banking look for each. All the things Brian emphasizes doing having a good story, solid interviewing skills, things you should discuss with senior bankers during interviews are strongly relevant.
Making the connection in person is big. The bulges will of course source through their recruiting programs for the most part; the boutiques will be fairly opportunistic and driven through networking. Overall your ask seems pretty feasible to me, so hopefully it gives you enough to go on. Your email address will not be published. Leave a Comment. Print as PDF. Break Into Investment Banking.
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