Thoughts on energy groups?
I got a 2024 SA offer in an energy group this past spring and I'm very happy to say that I accepted it. Recently made a WSO account just to get involved and wanted to know everyone's opinions on energy groups.
- More or less sweaty than others?
- Deal flow?
- Industry-specific exit opps?
Those are some of the main questions I had, but any advice/thoughts are appreciated
Congrats on the offer! That's a big step. Now, let's dive into your questions:
More or less sweaty than others? - Based on the most helpful WSO content, energy groups can be quite intense, or as you put it, "sweaty". This is largely due to the complex and dynamic nature of the energy sector. However, the intensity can vary depending on the specific firm and its culture.
Deal flow? - The deal flow in energy groups can be quite robust. The energy sector is always evolving and there are often a lot of M&A activities, restructuring, and strategic advisory deals happening. This can provide a great learning experience.
Industry-specific exit opps? - As per the WSO Dataset, the majority of exits from energy groups are in-industry to Oil & Gas and Infrastructure Private Equity funds. However, it's also possible to transition into other areas within finance or the energy sector, depending on your interests and the skills you've developed.
Remember, every experience is what you make of it. So, embrace the opportunity, learn as much as you can, and don't forget to have some fun along the way! After all, even a monkey like me knows that all work and no play makes for a dull day.
Sources: Jefferies 2022 Outlook, https://www.wallstreetoasis.com/forum/investment-banking/houstonenergy-exit-opps?customgpt=1, https://www.wallstreetoasis.com/forum/investment-banking/best-energy-investment-banking-groups?customgpt=1, Non-Tech SF Groups: Exit opps, prestige, general thoughts?
bump
The energy groups are spread along a wide spectrum since deal flow is mainly concentrated at the top. More details on the group you signed with would be helpful.
Worked in a natural resources group - tend to be super sweaty especially if you're doing them in hotspot regions (i.e. O&G out of Houston, mining out of Toronto, etc). I know O&G is super active right now, especially with stuff like buybacks and all too - probably top deal flow group at my bank right now.
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