Need a Father in GS

Hey guys,

I am currently at a non-target school, and recently signed with a mm (HL, PSC, Gugg) bank in Houston. I realized that most bankers have family or friends that could help them and give them guidance. I unfortunately don’t due to having immigrant parents. So I was curious if the WSO community could answer a few of my questions regarding the next steps in my career. Don’t worry I’ll touch grass for the rest of college years.

  1. Am I pigeonholed in energy? Don’t get me wrong, I love energy. I just don’t see myself doing this for the rest of life.

  2. Most of my friends are signing places very prestigious, and was curious does prestige really matter in the world of banking. Does working at a mm bank in Houston make me a bad candidate for future jobs?

  3. How does PE recruiting work as soon as you hit the desk. I’m very worried that I will end up at a bad PE, I’m just confused on if an MBA is necessary, how to study for PE interviews, how to also network while working etc. I’m just very unfamiliar with the PE world and don’t want to miss opportunities.

  4. What are your thoughts on renewable PE. Do you think the political events slow the transition into renewables

  5. What AUM is considered a good PE firm.

  6. How can I be the best prepared for summer analyst role.

  7. How can I go kill it in office politics while also killing it in the technical aspect of the job.

  8. How do I save my analyst year salary. I don’t want to splurge, but would rather save. What resources/strategies can I use to become wealthy, and eventually create passive income, or enough for me to have a shit load in my retirement fund.

Sorry for the load of questions, just wanted everyone’s opinions on these. If y’all have any input that would be great! Thanks and have a blessed day!

 

Easy to pivot to general PE out of energy banking, hard to go to NY if you’re in Houston.

Prestige matters for PE recruiting, but you’ll still get all of the opportunities (ex high end NY)

If you want TX opportunities, PE recruiting lags compared to NY - a few of the bigger stuff started ~September, most didn’t go until Jan/Feb

 

Omnis asperiores dolorum quae. Fugit sunt odio neque voluptatem consequuntur. Sed voluptatum sit nam blanditiis et cumque. Dignissimos ea nam et quaerat. Error voluptas aut suscipit nam. Itaque eum illo vel asperiores repellendus alias.

Nihil laboriosam necessitatibus ut deserunt. Et eius velit id qui. Quis laborum cupiditate et sunt ut. Quo autem numquam sit eum numquam ut atque similique. Ut inventore ut qui architecto.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”