Best Natural Resource teams (non O&G)?

Hi all. Interested in learning which banks have the strongest natural resource teams (excluding oil and gas), and what kinds of companies they typically work with. Will be interning at a BB and am interested in lateralling into their NY office for their nat res team, but am also considering re-recruiting at another bank for FT.
By strongest I mean not only deal flow but also exits into nat res related roles (not super concerned with traditional PE roles)

*Not interested in geographies outside US*

4 Comments
 
Most Helpful

Nat res = O&G... what else would it cover?

Metals and mining + P&U are what I think you're getting at, but they are under their own verticals and not considered natural resources. I guess you could consider renewables too, but that is a fledgling group usually run out of a larger O&G platform

If you're interning at a BB in Houston (guessing that's where you are), you're going to have a hard time re-recruiting in NY at another bank for FT, and even switching to NY for FT is tricky/burns bridges/depends on extra spots being open which isn't likely this year. The most common path is to lateral internally to P&U at 1 year into your job.

 

Yeah that’s what I meant, just any natural resource teams that aren’t O&G. Like you mentioned power and utilities is fine with me.

 

Ut non voluptates voluptatem quaerat distinctio ab delectus molestias. Omnis enim reiciendis aut aut. Maiores voluptate neque voluptates rerum sit.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”