Question about various houston banks
How would you all rate the different Houston banks just in terms of the normal things - exit opps, business school opps, quality of life, deal flow, the people, etc?
I am specifically looking at Lazard, Goldman, Morgan Stanley, UBS, and JPMorgan. What would be the progression there? For instance, UBS is probably one of the highest rated ones in terms of quality of energy deals, but Goldman and Morgan are what they are. Lazard has a great reputation in NYC, but their office in Houston is small and new, so how does it stack up? I have some offers but don't want to get really too more specific just because the offices are pretty small.





Bump in hopes someone sees
Bump in hopes someone sees this today and knows something!
Lehman has the top energy
Lehman has the top energy group in houston, CSFB also has a very good group.
Re: Lehman has the top energy
Lehman has the top energy group in houston, CSFB also has a very good group.
disagree. guess it depends on how you define "best". I don't like to do debt deals. I would want to do large M&A deals.
Go to GS
GS has good group
but in Houston energy, Lehman does most deals (M&A, whatever) period.
This is coming from a friend who is a 2nd year analyst at GS. You also need to realize that it's not easy to transfer to NYC after the summer. He tried to leverage it and was unsucessful. This was in fall of 2004 so the recruitng scene wasn't as hot as it is right now.
Lehman, CS, and UBS. GS/MS
Lehman, CS, and UBS. GS/MS have the name recognition, but in Houston, they aren't in the top three. I have very close friends in many of the Houston offices, and each one says the same thing. Just the way it is!
As for MS, their whole oil and gas team followed Steve Trauber from MS to UBS a few years back. With Trauber, the global head of energy for UBS, in Houston, you can be sure that deals aren't sourced to New York. Can this be said for GS? If could have worked anywhere in Houston, it would be:
Lehman/UBS
CS
DROP
GS, for name alone, and then everyone else
Lehman definitely has the
Lehman definitely has the best deal flow for all sectors (upstream, midstream, etc.)
exit opps?
exit opps?
Thank you for the responses
Thank you for the responses so far. Does anyone have any info on Lazard and its relative prestige Houston vs. NYC?
Lazard NYC is 100000 times better than
Houston.....the Houston office is not good at all to be honest....my brother got an offer there and said the people were sub-par on average......take goldman or ubs over it...even ms for the name