Energy IB vs. Technology IB?

Hello,

I'm primarily interested in gunning for either the Energy Sector or the Technology Sector. I wanted to know whether or not either one presents a clear advantage over the other (deal flow, compensation, type of work), or if it largely depends on your preference of which sector you'd prefer to cover?

Thanks

19 Comments
 

Full disclosure I'm biased: Just speaking to compensation, you'll net quite a bit more in energy. Energy pays street level--on par with NYC and SF--and Texas has no state income tax. Just from a math perspective, this means netting ~$9,000 / year over NYC and ~$11,000 / year over SF. Throw in cost of living adjustment of ~$6,000 for housing alone, and you start to get the picture.

Obviously, pay is one of the least important things to consider in choosing a bank and an industry. But since you asked, I thought I'd throw in my two cents (state income tax free!).

 
alexpaschEnergy, even if it's traditional energy.

So Houston > San Fran, if that is your goal?

 

Htown for energy. Most definitely.

But since we're on the topic... would love to hear anybody's thoughts regarding the future of the tech industry, especially with the supposed social media bubble forming. I know there's a lot more to tech groups than the "new-age" companies with BS valuations, but it'd be interesting to get some thoughts on this.

Wall Street leaders now understand that they made a mistake, one born of their innocent and trusting nature. They trusted ordinary Americans to behave more responsibly than they themselves ever would, and these ordinary Americans betrayed their trust.
 
streetwannabegreen/alternative energy

There are banks with groups dedicated to that?

RaceEnergy, Power specifically,

Isn't power based in NYC?

 

Hello all, my first post. I thought renewable energy had more to do with semiconductors and TMT than with the energy sector, and that I could stay in San Francisco. Should I be looking more at power m&a, or build a foundation in O&G? If anyone has additional insight on this it would mean the world to me.

 

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