IB in Houston/Dallas
Hey y'all,
Going to TCU and was wondering about if it would be smart to minor in Business energy. I was wondering if there's a lot of opportunity in the IB scene in Texas, as TCU largely feeds regionally. Online, I've been disappointed to hear people say that O&G is a "dying field" and to stay away from it like the plague. Is this true, or is it smart to jump in right now when others are running away. Besides just energy, what other opportunities are in Houston. I know there are many strong banks (Jeffries, City, Evercore, etc) in Texas, but I was wondering how they pay/how they are respected and really what opportunities the provide after the analyst stint. Sorry if my questions seem a bit simple-minded, still trying to figure things out right now.
Currently at TCU and an energy minor. Would definitely suggest taking it, especially the survey class in your FALL Sophomore year. Will help with interviews/prep. Would also try to get into the TIP Board. Houston has many good banks (mostly all energy). It isn't dying as quick as people say, still a good amount of M&A, depending on firm. If you want to work and learn a ton go to Jefferies.
Energy transition is a great option also and is growing
O&G banking is alive and well in Houston. Traditional energy will outlast my career and yours. Also like the above mentioned there is also Energy Transition or "Clean Technology". The point I am trying to make is that there is plenty of opportunity within banking/PE, PC, Buyside in Houston - so long as you like Energy. Plenty of strong banks and really good pay. Pay is on par with your NYC peers, and it goes a whole lot farther in Houston than it does in NYC. Good luck.
Is there still opportunity to get out of energy tho suppose I don't like it? I don't wanted to be pigeonholed so early in my career
Yes. If you can frame a good enough story as to why you want to leave energy to go into, lets say TMT, and make meaningful connections and have good experience, you should be fine. Know someone that went to KKR in NYC and someone else to MOE in NYC from Houston Energy.
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