Canada energy IB vs US energy IB

Hi guys:

Could someone comment on the main differences in terms of deal exposure and exit opportunities in terms of Canada energy IB vs US energy IB please? From what I've researched, it seems that Canada energy IB (esp in Calgary) is more on asset acquisition and disposal, less on large M&A /cross-border deals. Would it be correct to understand that, US energy IB would offer better deal experiences to understand capital structure than Canadian ones please? Thank you!

4 Comments
 
Most Helpful

At my prior firm (BB) the Calgary office did a mix of power, utilities and oil/gas. The oil and gas deals were primarily asset focused because the universe of sizeable companies is too small to warrant frequent merger deal flow. Some of the power deals seemed interesting because the companies had a global footprint (Algonquin, Northleaf, etc)

On another note the Canadian oil and gas industry is in far worse shape than the US side. Alberta implemented mandatory production cuts and pipelines are being canceled left and right. There is no market for their natural gas in the US any longer because of new supply sources. I personally don’t see a long term future for the industry in terms of growth. Some banks are also dumping oil sands clients out of ESG policy and have/will close Calgary offices.

 

Ea sint corporis temporibus tenetur. Sed omnis deserunt natus ex a. Repellat veritatis perferendis quia qui et necessitatibus.

Repellendus provident non libero qui repellendus atque. Et neque nisi eum culpa rerum.

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 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.2%

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 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 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
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
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...”