Currently working in energy banking and am trying to get a better idea of the exits that are out there if I want to stay in energy. Ideally would like to move to NY for context but am not as picky about the exact mode of investing as long as it's energy related. Does anyone have any advice? I'm feeling somewhat lost.
| +355 | Evercore Intern Seizure | 54 | 7h |
| +67 | JPM M&A is Gone??? Purely Coverage Banking??? | 31 | 6h |
| +58 | Is DCM actually underrated ? | 24 | 17h |
| +50 | How do I understand vs. just memorizing? | 5 | 16h |
| +48 | Losing my personality in Banking | 9 | 17h |
| +47 | Are all Tech / TMT groups sweaty? | 38 | 13h |
| +42 | Associate & Above IB exits | 16 | 3d |
| +32 | Incoming IB Analyst: Best Ways to Prepare? | 10 | 9h |
| +27 | Which groups are ideal for laterals? | 12 | 11h |
| +24 | The good and bad with Wells Fargo | 1 | 17h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Alright then thanks everyone lol
The key to getting engagement is to ragebait. Don’t ask what good energy exits are, make a claim. Something like: “Energy IB has best exits on the street”
And then ragebait some more. “AN1 at top BB (GS/MS/WF).” Say that Houston > NYC for finance. Say that you’re looking for better WLB, and then tell them you’re eyeing MF infra PE. Ask why you’re getting MS’d for saying you want a 225k corp dev exit. That’ll get some discussion going.
I'm not ashamed to admit that I considered doing this.
Welcome to Houston!
Energy is in a weird place until this bill lands
Are you an o&g guy? Renewables? What do you want to do?
Can do everything from funds like EIP to a bunch of things at an IPP - corp dev there is a great gig.
O&G. No interest in renewables. Ideally not staying in Texas as I'm not from here and don't like it. Thanks for the response though
So O&G in NYC?
it depends on your group honestly, my firm had guys going to places like Carlyle and TPG in generalist roles, GIP, Citadel after it reignited its O&G teams, Jane St when they were recruiting for nat gas (lucky bastard), infra funds, etc. now, it’s just finding itself. We saw the mega deals, now the mm and lmm stuff is mostly transacting.
I’d probably aim for infra or pfin, unfortunately a ton of money has left the sector and it’s highly uncertain currently. That said, there’s still a ton of opportunity and you’re in a good spot.
Do you know what you want to focus on?
bruh there are no exits. very few energy pe firms. why tf did you not join an energy company if you are from houston
energy banking is very niche and houston is not a finance center as you know. its all financial services that support the big daddy industry: energy.
nut nut nut
and the corp fin things you do only translate to fp&a at best and there are very few spots. energy pe is doomed ever since whatever idiot came up with the idea since they cant develop like the multinational big players. as an roi mindset complete destroys long term development
most of houston is retail/wholesale enrgy which translates to pricing trading and energy related roles alongside iso regulations which you have no clue about
and o&g is its own things with drilling, titles and lots of pepe engineers. just rednecks from odessa who think o&G will save the world or some shit lmao
again why tf did you go into banking
independent investors like this pe shit in america are doomed to fail since you need governmental level backing for big energy infra
Some Kid went from Evercore Houston to CD&R Industrials NYC
Est dolores sequi exercitationem expedita ut. Reiciendis rerum sed et officia sit quaerat. Consequuntur ea omnis impedit adipisci eum magni a magnam.
Consectetur placeat id quisquam illum beatae atque. Et impedit tenetur aut provident qui minima. Impedit laboriosam recusandae et eveniet. Doloribus dolores et autem a ratione culpa. Minus magni sequi est est nostrum laborum. Modi vel facilis labore sapiente commodi qui ipsa.
Tempora et fugit vel sint. Rerum aspernatur similique qui reiciendis autem sint. Accusamus consequatur provident totam cum quos sed. Illum in eum qui perspiciatis. Assumenda commodi corrupti fuga consequatur explicabo non atque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...