Houston Landscape (MS/GS/JPM) vs boutiques (Jeff/TPH)
Anybody have any insight on what’s the better route to start your career? I know that MS and GS recently came off a big year and TPH and Jefferies always seem to be pumping out deals. With regards to exits and experience, how would you rank the 5 banks?
Experience prob better at the boutiques but if you want to exit to non-energy PE the GS/MS/JPM brand name makes a huge difference. Jefferies/TPH will likely pigeonhole you to local O&G PE while GS/MS will give you a shot at MF/UMM PE (still a longshot coming out of HTX but both have a reasonable track record of solid placements).
GS/MS still does place into energy pe though correct?
I’ve met people from TPH move to MFPE in nyc. So more of a case by case basis
Agree with above re: name brands for exits, TPH/Jeff will give great experience though
So hard to rank, JPM and Jeff arguably been the most consistent overall over past 5 years or something, but MS and GS had the best individual year by getting on the marquee deals. MS can go quiet for a time though as they aim for HRs that don’t happen every year. Would be silly to try to pick between these names based on a few deals of outsized value swinging rankings, when in reality they’ve all jockeyed for top mandates and are top places to be
JPM and GS you’ll maybe have more capital markets work available for better or worse
Jeff culture insane but they are A&D kings basically which seems like a good spot to be as publics offload non core positions post mergers
Bottom line is any of these places is going to be a top dog on energy but the branding of the tier 1 BBs will be a genuine consideration
Jefferies culture and their bizarre clawbacks are a non starter for most.
probably highest pay at TPH.
lowest pay at MS or JPM. Would avoid JPM altogether personally.
What’s wrong with JPM nat resources?
Just look up JPM Houston historically known as one of the worst shops to work for, very toxic, & sweaty.
any insights into Evercore/ Moelis/ Lazard?
Lazard is irrelevant. Evercore had almost an entire analyst class quit before ~7 months in 2021 from what I recall
and Moelis?
How’s WF doing?
Same as always - not doing much
Analyst class is >70% A&M which also echoes the above.
mostly capital markets work
The A&M hate is too funny😭😭
Fun to hate on them, but don't think you're following 2024 deal flow.
Bump
anyone know how moelis, gugg, and rbc are atm?
RBC strongest.
Gugg in weird spot…I think Laghari left to Moelis.
Not sure why Moelis hired a guy who took a guarantee and put up 0 revenue at Gugg
RBC has Tim Perry now, former CS Houston group head. Vice Chair role so don't know how active he is but nonetheless a plus.
Any insights on Moelis?
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