Found a post in this forum from 2021 about the best energy IB. I am wondering if there is any update since then. What's the best way to find IB ranking for a specific sector? And if you work for one of the energy IB, do you mind sharing your thought about what you like or don't like?
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Based on the most helpful WSO content, here are some insights on finding IB rankings for a specific sector and understanding the best energy IBs:
Finding IB Rankings for a Specific Sector:
Insights from WSO Threads:
Personal Experiences:
While the context provided does not include specific personal experiences from individuals working in energy IBs, you can often find these insights by browsing through the WSO forums. Users frequently share their likes and dislikes about working in specific sectors or at particular banks.
If you need more detailed and updated information, participating in the WSO forums and asking for recent experiences and opinions can be very helpful.
I'm sorry, but it looks like this may be out of my ability to answer... maybe some of the links below might help?
bump
RBC and JPM throw in a few EB too
I don't think I have ever seem any open position at JPM and the team seems small. Is there anything you can share about these 2 IB?
Could you narrow down what you're looking for? Do you have a specific city in mind? Are you talking in terms of deal flow?
I am based in Houston, specifically looking for oil and gas industry.
RBC
Can you elaborate? I heard the turnover rate is pretty high there
Constantly beating out other firms in mandates is what I’ve heard. (Including top BBs)
bump
Barclays by far
Not sure if this is a troll, but Barclays is basically irrelevant in Houston/energy.
As others have mentioned, RBC has been king as of late. This is due to their strong technical team (engineers, geologists) which energy clients look to for expert advice.
JPM is always around the hoop. 2024 has been relatively muted for them compared to years past but you can’t count them out.
Citi has been on a number of deals this year, but toxic culture as evidenced by the mass exodus of their team to competitor banks.
Moelis made a splash by hiring Steve Trauber out of “retirement”. He brought along a bunch of bankers from Guggenheim and Citi. Don’t believe they have been on anything material.
Goldman and Morgan Stanley get their wins, probably on account of their brand name recognition. But within their respective banks, I don’t think Energy is among their top groups. Could be wrong on that.
Evercore is the strongest of the EBs in Houston. They’re on basically every Chevron deal.
Hope this helps.
Agree Moelis is irrelevant. Evercore also irrelevant (advising the special committee doesn't count).
RBC dominates upstream. GS and MS dominate corporate deals.
Barclays is the best at power, midstream and downstream (which is what I was referring to in my comment).
Can you share some insights on wells, bofa, lazard? Thanks
What about TPH and Jefferies?
Thanks for sharing! For energy IB interviews lateral hire, do you have any recommendations in technical part prep? Interested in non BB banks. Thanks again in advance!
EVR Houston by a mile
bro if you're actually interested in energy join an energy company. ? the faq is the obsession in banking. like literally you're just a kiss ass to these big daddy multinational players
its not like new york where finance actually has some power
most banks here execute around the same shit. like a vulture at your fucking door. caw caw want this asset? want that company? need some money?
and then talk to the common folk and theyll name some community bank they bank at lmao. remember finance is second to energy here in htown
Bro we’re here for the $$$. NYC pay in Houston is lovely who cares about the rest of that bs you’re talking
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