Top IB Shops in Houston
Hey guys, like the title suggests I'm interested in how banks stack up in Houston for IB. I know that this has been addressed tons of times (yes, I did search) but I wanted to get an update. From what I've heard, there has been a lot of change in the energy/oil & gas teams in Houston (eg. UBS guys leaving for Citi). For a rising junior looking to be an SA and ultimately PE after two years, what are the top shops in Houston in terms of exit opps & prestige?
From what I found when I searched, it looks something like this:
1) Barclays, CS
2) JPM, Citi
3) GS, MS
4) The rest
Also interested in how the elite boutiques stack up to the BBs in Houston. Thanks in advance, I really appreciate any input.





From my understanding, that
From my understanding, that seems pretty accurate. I think Evercore and TPH are the best boutiques, but I could be wrong. I don't know where they'd stack up, though.
Barclays is pretty much
Barclays is pretty much guaranteed Energy PE placement
1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...
Thanks for the input guys and
Thanks for the input guys and keep it coming. I'm particularly interested in how the boutiques compare to the BBs. Also, I've heard that CS is losing some ground in Houston. Can anyone touch on this?
I am not sure about 'ranking'
I am not sure about 'ranking' and 'prestige' but I do know a few people who work at Wells (formerly Wachovia) in Houston and they are absolutely cleaning up. Their dealflow has not stopped one bit over the last several years and the bankers there have been spared just about every cutback hitting shops all over NYC and other places. Most of what they do are MLPs and MM M&A stuff.
dude just look at the E&P
dude just look at the E&P league tables
"Well, you know, I was a human being before I became a businessman." -- George Soros
who the fuck threw monkey
who the fuck threw monkey shit at me? clearly you know less about energy banking than i do...
1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...
I've heard Barclays analysts
I've heard Barclays analysts frequently head home early (like 9-10pm) on weekdays. Is that true?
jrt336: I've heard Barclays
I've heard Barclays analysts frequently head home early (like 9-10pm) on weekdays. Is that true?
They do deals
1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...
Futures Trader Man: dude just
dude just look at the E&P league tables
Exactly how do I do that? I can get the worldwide energy league tables, but not really sure about oil & gas deals through Houston
If anyone who actually has
If anyone who actually has first hand knowledge of Houston IB can give some input that would be great
illusion111: If anyone who
If anyone who actually has first hand knowledge of Houston IB can give some input that would be great
what do you want to know? I gave you an honest answer
1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...
Morgan Stanley is losing
Morgan Stanley is losing steam for sure. Wells is solid. Citi is an army, look for that to yield some interesting potential layoff results at many levels.
Barclays continues to
Barclays continues to dominate. Wells is on the rise but don't think they are up with the rest reputationally at this point. CS seems to be on the decline and had to be the most depressed humans I met when I went through recruiting (at the junior levels). Their midstream MD went to BAML last year and think they lost someone to..Evercore maybe? EVR has also bulked up with guys from Scotia and an MD from JPM.
I think the commercial banks are all about the same "prestige" wise: BAML, C, JPM. Good, get their share of M&A, but lose the headline deals to BarCap (with some exceptions certainly). As someone said, C is quite the army these days so it will be interesting to see what comes of that.
TPH and Simmons are the dominant o&g-only boutiques. The former is known for pretty rowdy comp and the latter tends to have a good rep from a lifestyle basis.
From an analyst perspective, Barcap, EVR, or TPH would be my targets. But at the end of the day we're talking about small degrees of difference and I would roll with the group of guys you like the best, especially for the future associates out there.
I'll bite. I just bounced out
I'll bite. I just bounced out of banking, but was in HOU for last ~3 yrs. Will second Cartwright, as he nailed it, however think JPM I believe should be mentioned w/ BarCap, EVR and TPH.
Will confirm his statement that CS is punishing place to work, as was BAML (not sure lately, however).
Wells is on the rise, think the GeoRes. deal was a pretty good statement deal for them recently. Also would give a nod to RBC.
UBS and DB suck donkey dick.
Think LAZ is trying to bulk up the HOU office, but have yet to see them do a single domestic oil & gas deal, same with Greenhill.
GS has some smart guys working there and can leverage their reputation, would be shocked if there was more than one guy in the whole group who could tell you the difference between PDP and PUD (i.e. not very oil & gas savy comp'd to HOU peers).
Does TPH and Simmons hire any
Does TPH and Simmons hire any students from british universities ? I just graduated from LSE and would like to apply to these banks. I do not hold US nationality !!
If you're looking about this
MrGordonGrowth: If you're
1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...
Yes, my bad. Thanks for
How is Jefferies for exit
.
MrGordonGrowth: BAML leads a
.
Energy PE placement has less
http://www.reuters.com/articl
OGBanker: http://www.reuters.
1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...
MrGordonGrowth: TPH and EVR
How would you guys compare
jrt336: How would you guys