Houston 2018 Investment Banking Summer Analyst Recruiting
Bulge Bracket Goldman Sachs - Class filled J.P. Morgan - Half the class filled, class size unknown Credit Suisse - Half the class filled Morgan Stanley - Took 3 students. Class size of 4 Citi - Holding out for Fall recruiting UBS - Class filled Deutsche Bank - Recruiting starts during the fall. Since DB does a centralized process for all their US offices, no early interviews were held BAML - Barclays -
EB,MM, & Other Lazard - Holding out for Fall recruiting Evercore - Took 2 UT guys. recruiting starts back up in mid/late September Moelis - 2 UT Students were extended offers after early superday, one accepted as far as I know Jefferies - Class filled Wells Fargo - 10-12 slots available. Holding superdays soon RBC - Interviewed multipe candidates from UH for SA spots this week (9/10-9/16). Offers going out next week. Scotia - BMO - Raymond James - Macquarie - Houlihan Lokey - KeyBanc - Takes 1 intern every summer SunTrust Robinson Humphrey - Simmons - 1-2 offers extended. No information on class size TPH - 1-2 offers extended. No information on class size Intrepid -
The information presented here is what I know through Analysts/Associates who work at these firms. Please comment down below if you have reliable information
Also Goldman has taken 2 girls from UT. Not sure if there are more but can confirm these 2
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If you were focused on exits / development, what is the best Houston shop atm?
From what I've heard Barcap and CS aren't what they used to be. Target EVR, GS and C?
You shouldn't be asking this question to a bunch of college kids... to talk to lots of people who actually work in the industry.
TPH has a great culture, although they've fallen back in terms of deal flow since they only do M&A.
There is a huge drop off after GS in the bulge category - for example UBS lost an Associate this morning and a VP yesterday. They're imploding. Definitely focus on tenure at the high ranks of any bank your considering.
JPM is next tier after Goldman. They generally do it all there, and have a good culture.
Jefferies needs to be included in the short list with GS. They are murdering it right now. First year analysts were paid $200k all-in this year and all seven of their interns accepted FT offers.
Simmons is good if you want a good work life balance and you don't mind losing out on E&P experience.
Wells Fargo is another place where you'll get decent regular-way corp fin experience.
GS being the top bulge in Houston is laughable. JPM being next is equally laughable.
Your entire list is ridiculous except for Jefferies (speaking as someone that works in the industry). For the past few years, GS has put astroturf accounts that post in these recruitment threads and it's pretty annoying. GS isn't bad by any stretch, but it's starting to get ridiculous. It speaks volumes that all these supposedly "top tier" banks are undercutting the recruitment deadlines in order to poach the top tier UT kids who normally went to other banks.