Little to no support from M&A (or any other group), extremely technical & unique workflow, sweaty AF, no love from NYC HQs. Not talking bank specific, but in general, what other groups compare?
| +433 | Is UBS really that bad? | 77 | 9h |
| +265 | Investment Banking is Divine | 40 | 2d |
| +219 | Another $115bn Mega deal for these banks. Congrats! | 46 | 16h |
| +216 | US 2027 SA IB worried about background check | 53 | 2d |
| +75 | Useless associates | 15 | 28m |
| +73 | Which Offer to Accept: UBS Analyst Role or Part Time Cashier at the Local Taco Bell | 19 | 2m |
| +61 | Roku-Fox Deal - UBS Misses Out on yet another deals after years chasing this deal | 10 | 3h |
| +52 | Differences in Restructuring Teams? | 24 | 12h |
| +44 | FIG Pigeonholes you - is it true? | 15 | 1h |
| +41 | Is Houston SA 28 recruiting already over? | 34 | 2d |
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Mf spitting. Where the rest of my O&G boi's grinding out the NAV on a Saturday lets hear it yuhhhhhhh
Mining is up there. Same shit. Not even my coverage and here I am pumping away on a Saturday. Sitting here looking at pounds in the ground. Mining can kick rocks.
Sweaty. Volatile macro. Highly technical. Companies run by both Phd's and high school dropouts. Erratic sponsors. Guaranteed you'll see one headcount reduction in your stint. Hostile investor environment. Depleting assets.
You have to being either brave or stupid to do O&G banking and baby I am the dumbest of them all.
Also very limited exit opps outside of O&G/Texas
Couldn’t be further from the truth imo. I work at a middle of the pack Houston IB and I got looks from a ton of generalist funds. Lots of neat infrastructure opportunities as well.
It’s not that hard to exit to NYC (or anywhere else for that matter).
Why not just start in a non-OG/NY group in the first place though