Good day everyone. I was lucky enough to receive 4 offers for a summer associate position (currently in b-school) at Houston banks. I am leaning towards Evercore and TPH but was wondering if any of you had any thoughts on where you would go given the choices. Thank you in advance for the help.
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I don't really have any advice because all 4 are good opportunities, but in terms of tph vs Evercore, tph will give you a much better lifestyle, if that's important to you.
This is part of my confusion - the people at both are great but some say hours at EVR are far more than TPH - others about equal. Is this just anecdotal or do you happen to know people at both?
From what I have heard through friends the hours at Evercore are much worse than TPH.
Good to know.
I know former analysts at both. My info is around a year old, but I doubt much has changed. People seemed cool at both. Evercore seemed to work quite a bit more, although you're not going home at 7pm at TPH either.
I'd go to Evercore, JPM, tph, Simmons. Did a ton of networking in Houston this year. Evercore you will get crushed on high quality live deals.
I've heard the same. One of my issues is that I am no longer a 22 year old and thinking about this more long term so getting crushed is probably not great for life overall. Thanks for the thoughts
Then I would choose JPM on the strength of the overall platform. Although the people I've met there are quite uniquely JPM nerdy, they have a good emphasis on mentorship and building a longer, sustainable career. Work life balance is good there but I'm not certain how much M&A execution is done in Houston vs, NYC (might have to ask your contacts there).
Simmons just got acquired by Piper Jeffray and I think jrs are concerned about their all cash bonuses being changed to deferred or stock and about cultural changes. TPH is solid in general, but as they are an energy specific boutique they may get significantly hurt by the oil price downturn.
Did you by chance go to McCombs?
No I did not - once I choose a place I will be happy to tell you where I am at. I worked in the energy industry before though so I did not have too much trouble pivoting to the finance side.
Evercore is a sweatshop. TPH has great work life balance.
Yea I have heard similar which is something I am definitely keeping in mind. Overall it seems that while EVR has some great deals that will come through the door - it makes life very tough... I appreciate the help.
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