Credit Suisse vs Barclays vs Tudor Pickering Holt & Co.

All Houston. How do they compare at the analyst, specifically in regard to dealflow, culture, exit ops etc.

I know that all three are tops in Houston, but I have heard conflicting things about them. I know Barclays gets great dealflow, but I've heard that their top analysts get amazing placement and the rest don't get much. I've also heard that CS may be dangerous to go to right now if any of their senior guys leave

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It really comes down to what you want to do. I know great analysts at all 3 places that have gotten great opportunities in the energy space. Look closely at the types of deals you want to work on... if you want to work on more A&D, then TPH is probably the ideal fit for you. If you want to work on the WSJ front pagers like the El Paso deal, then Barclays is better. If you want to get a healthy mix of M&A and Cap Mkts, then go with CS.

No wrong answer, you will get fantastic opportunities from each, but the experience will just be inherently different. I would also factor in how much you like the people at each, significantly. If you like the people and like the shop's focus then pick that team and don't wonder "what if." Things will work out.

 

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