Houston banking Gods ?
Real quick did my last summer internship in nyc (got return offer). Enjoyed it love nyc will probably do ib as I really really saw no issue with it. My question is if I’m going to be a long term banker should I try networking into Houston. I mean is it true that Jerr/Evr/Moelis pay the same all the way up the ranks on par with nyc? If so I’m thinking I should head down idc about wlb. I was already in a known sweaty group for nyc. Might as well keep more money eh?
JEF pays more in Houston than NYC. believe the others pay the same
Yeah if you’re all about oil and gas go for it
Some Houston groups actually pay more than their New York counterparts. Jefferies is a good example. Its Houston group had a separate bonus pool and paid second-year analysts $300K back in around 2017/18
In 2024, the analyst bonus pool was merged with New York’s, and bonuses were shit. But after Ralph Eads came back, Houston got its own bonus pool again, so the bonus rebounded in 2025
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