Comments on Lazard Houston
Can anyone comment on this office? Specifically in terms of deal flow and whether it's a good place to start out as a summer analyst/analyst.
I know Houston rankings are very different from NY, and I haven't seen anything detailed or recent on them. I know Evercore, Barclays, Credit Suisse, RBC, Jefferies are top in Houston, but how does Lazard stack up?
Would you rather take an offer there or at a NY MM?
If you're not interested in O+G than NYC. Work is very technical.
As for Lazard, I know someone who likes it there, but slowish deal flow and not the best rep
I don't see why I wouldn't be interested in O+G, seems pretty cool. But I'm assuming the skillset gained there is transferable to a NY office or another industry down the road. How different can it be, it's still banking right?
Lol, famous last words.
I mean, ya, a pitchbook is a pitchbook wherever you go but E&P books are gonna be super technical with less commentary than your typical book. E&P modeling is also very unique, MLP modeling slightly more transferable but definitely still different.
OFS, OTOH, now that's transferable. Basically just O&G industrials.
I'm not qualified to talk about banking work, but if I've learned anything in my petroleum engineering classes it's that upstream O&G is weird, complicated, and involves a lot of uncertainties, and that's exactly why I love energy. It would make sense for the O&G banking work to be a little wonky too.
Interesting. Why does Evercore Houston send so many analysts to megafunds and non-O&G PE then? I know they placed 2 at Blackstone NY last year (out of a class of 8 or so). If the skills are transferable to PE it must be transferable to non-O&G IB amiright
You sure that was non-O&G at BX?
Nevertheless, EVR is the top shop right now and they're on everything OFS and midstream and do enough E&P work. OFS is definitely transferable and midstream isn't too different but if you go to an upstream shop like Scotia or Jefferies then that'd be pretty tough to go generalist.
Did you recently receive an interview/offer for SA by any chance? I just applied the other day and was kind of surprised their app was still up.
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