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Petrie Partners is a boutique investment bank specializing in oil and gas, with its headquarters in Denver. It is considered one of the top groups in the energy space and often competes with Houston-based bulge brackets (BBs) and elite boutiques (EBs) like Tudor, Pickering, Holt & Co. (TPH) for business. The firm is led by alumni from Petrie Parkman and Merrill Lynch/BAML.

Key Points:

  1. Compensation: Specific compensation details for Petrie Partners are not mentioned in the WSO dataset, but boutiques in the energy space often offer competitive pay, especially for those with strong technical skills in upstream A&D.

  2. Hours: Petrie is described as a "brutal" place to work, which suggests long hours and a demanding environment. However, this is typical for energy-focused boutiques and investment banking in general.

  3. Exit Opportunities: While Petrie is not as well-known outside of energy finance, it has placed individuals into strong positions. For example, one individual moved to Trilantic, a reputable private equity firm. If you put in a few years and have senior support, you can secure solid exits, particularly in energy-specific funds.

  4. Worth Moving From a Houston BB?:

    • If your goal is to specialize in energy and you value working in a smaller, more focused environment, Petrie could be a good move.
    • However, if you are looking for broader exit opportunities or want to avoid being pigeonholed into energy, staying at a Houston BB might offer more flexibility.

Ultimately, the decision depends on your career goals. If energy is your passion and you want to work in a top-tier boutique in this space, Petrie Partners is worth considering. If you prefer broader exposure or are unsure about committing to energy, a Houston BB might be a safer bet.

Sources: Investment Banking In Denver, Urgent: Partners Group vs MMPE, Best Houston Banks for Exit Opps?, https://www.wallstreetoasis.com/forum/investment-banking/db-nyc-vs-guggenheim-nyc-vs-rbc-nyc-ma-vs-tph-pwp-houston-for-2019-sa-ft?customgpt=1, Personal Experience with Houston Energy IBD - Thoughts on Industry Outlook? (Long Post)

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