Energy IB Interviews

Hey monkeys, I have an upcoming energy banking interview and am just looking for some advice on how to prepare! Of course know the standard IB Q’s (thanks m&I 400), but with respect to the energy aspect what techs should I focus on? Also, what are the key points to be aware of when talking about recent deals?

Somehow there’s like 10 different ways posted online to give a run through of a NAV so if you have the time to let me know of any specifics that might help for any energy techs thatd be sweet

6 Comments
 

In my experience it's important to understand the different subverticals (upstream/mistream/downstream/OFS/renewables), and how their busmodels, betas, margins, etc differ—I was asked to rank them based on each of these factors. Also good to understand special multiples (e.g. EV/EBITDAX). the Red Book has a helpful industry specific guide on energy technicals.

 

there’s a BIWS O&G guide as well as a primer written by SMU’s Spindletop Fund that I would read. Other than that, keep up with Energy news.

 

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