The title is pretty much the question. If I had offers at an EB in Houston EVR/MOE and a MM bank in NYC Jef/HL, I wouldn't be crazy to turn down Houston EB for NYC MM, right? Kinda worried energy role would silo me too much.
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Very valid decision in my opinion. Jefferies and HL are reputable banks for sure. Everyone would understand not wanting to be silo'd in O&G, especially in this environment.
You don’t want to be in oil and gas trust me
Would need to know more about which specific groups within the MMs that you are referring to in NYC... but, as someone who has worked in energy IB -- Evercore Houston is top of the pack and they have the best PE/HF exits of any bank in Houston. Take a gander at LinkedIn if you want some proof.
And to those commenting on the headwinds in O&G, Moelis and Evercore have tons going with all the restructuring going on in the space. Can't speak for Moelis because I'm less familiar with the people that have worked there but you will not be pigeonholed into Energy-only exits if you are smart enough to do well at Evercore.
Similar to comments above, I think u should go for the offer at the EB in Houston. You can recruit full-time NY and you will have a very solid reason for doing that. With the amount of restructuring work, I think it's an exciting position to be in, if you are in Houston.
EVR/MOE are literally the best places to be in Houston. Huge mandates for both, and exits at both are great.
One of these EB is not like the other...
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