Houston vs NYC. Commodities vs Banking.
Currently an analyst at trading house in HTX working on crude desk. Planning NYC move within next couple of months (bored of houston already, nyc more lively, closer to home, etc)
Below is how I'm thinking abt potential moves. Any help is appreciated.
- What energy trading firms are in NYC? Do I target smaller or bigger firms for ease of entrance? Any insight on culture/comp would be helpful. I've been at firm for less than 1yr and joined immediately post-college graduation, so thinking I would need to target "lower-level" firms and then work my way up. Is there even a crude trading scene in NYC, or is it strictly gas/power? Also, how frowned upon is it to leave job within a year (team isn't what I imagined, pay is mid, houston is slow, etc)?
- Have been thinking about investment banking recently. I want to make more money than what I'm currently paid. Most logical next step in banking terms would probably be O&G IB. Are there still O&G teams in NYC or is it just clean energy? What would I need to do to make the jump from commodities to IB? Are there smaller firms in NYC that are energy focused that may be easier to sneak into? Is this jump reasonable/possible, what do i need to know?
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