Advice needed on Oil and Gas Banking
Fellow bankers, I have a question about Houston I-banking. I was a Summer Associate at a top 5 BB in NY in the tech sector, and have an offer to go back. Due to personal reasons (the wife not being able to move to NY cos of her career), I recruited in Houston (where she is), and got an offer at a competing BB in the Energy group.
I have a technology background, and have never worked anywhere remotely close to the Oil and Gas industry.
My question is:
how tough is it for someone with no Oil and Gas experience to learn the industry, considering it's not as exciting and fast-growing as tech?
I am not very well-versed with what drives dealflow in Energy - commodity prices? What really is the driver, considering there are no new ideas in Oil and Gas and it's a stable industry?
My other option really is to make my wife quit her job and shift to New York but I am just not comfortable doing that in this economy.
Please share your thoughts. Thanks in advance
WB.
feel free to pm me
pm sent
Definitely wouldn't go in there saying there are "no new ideas" in the space...that's ludicrous.
No question there is a steep learning curve, but I had no industry experience and did fine.
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