Recently completed my analyst stint at a BB in Houston and thought I'd make an up-to-date ranking for energy IBs. Seems to be a lot of misinformation on this site so here's the official 2022 ranking:
Tier 2a: Citi, GS, Moelis, TPH
Tier 2b: MS, BofA, Jefferies
Tier 3: Piper Sandler, RBC, WF, Barclays
Tier 4a: TD, Lazard, CS, Intrepid
Tier 5: greenhill, HSBC, Mizuho, Keybanc, CIBC, Scotia, Guggenheim
Thoughts?
| +418 | Evercore Intern Seizure | 63 | 7h |
| +128 | UBS IB Americas has failed, now behind Santander and Stiffel | 34 | 12h |
| +108 | Sent my Claude prompt to 200+ Teams chat. MD wants to see me Monday. | 37 | 46m |
| +79 | deleted deleted deleted deleted deleted | 44 | 16h |
| +65 | How do I understand vs. just memorizing? | 11 | 1d |
| +58 | Some banks are overrated as fuck | 19 | 42s |
| +48 | Associate & Above IB exits | 18 | 1d |
| +47 | The good and bad with Wells Fargo | 18 | 1h |
| +42 | Tech to IB Pivot | 22 | 6h |
| +36 | Incoming IB Analyst: Best Ways to Prepare? | 13 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
List is all over the place. Clearly You haven’t followed MD moves, traction with sponsors, mandates (successful or not). Another example is it seems a lot of your list is colored by overall shops reputation than Strictly oil and gas.
Imo It goes like this (using banks in OP)
Tier 1: Evercore, JPM
Tier 2a: Citi, GS, Moelis
Tier 2b: MS, BofA, Barclays
Tier 3: Piper Sandler, RBC, WF, Jefferies
Tier 4a: Guggenheim, Lazard, CS, Intrepid
Tier 4b: PJT, UBS, TD, Petrie
Tier 5: greenhill, HSBC, Mizuho, Keybanc, CIBC, Petrie, Scotia
Why is BoA on par with Barclays? And Scotia and Petrie below Gugg?
Disagree with a lot of the list and just going to list off some thoughts here. Please let me know if I am wrong on anything:
-Evercore hasn't had a great year IMO. Am I missing something? Not like it was terrible, but I don't think you can call them the top shop in Houston.
-Would move RBC up a tier or two. Feel like a lot of people don't give them enough credit. Would say RBC is better than MS and could see an argument for them being better than Barclays too.
-Would also move up JPM. Feel like they've had a great year. Idk how you could say any of the other BBs had a better year. Citi's energy transition team is good though, so maybe you could call them equal?
-Piper actually had good deal flow in the OFS space. Don't see why they would be below Scotia, HL, or Lazard.
-TD actually got some deals done this year, and I heard CIBC had some big mandates. What have Stifel, RJ, Truist, and Gugg done to be above them? I guess Gugg has their ABS stuff, but I think that’s it.