3 Comments
 
Most Helpful

Really depends on the bank. Some banks are still and will always be massively focused on O&G. Some banks like Evercore, GS, Citi, and Moelis are building/have built “energy transition” teams down to junior level. Other banks (probably majority) will have seniors specialized in either energy transition or traditional O&G and rotate Associates and Analysts through both as needed, so if you are a junior at such bank you will have the opportunity to work on both O&G and energy transition for a few years. Overall seems like energy transition space has a lot of “interest” from sponsors and companies but not as many dollars flowing in as the green hype would make you believe.

 

I would echo this. Definitely still O&G heavy (still plenty of deal flow, particularly in upstream). The energy transition coverage is mostly either midstream guys moonlighting or an upstream flunky who got tasked with being the ET guy bc they liked him enough to not to fire him but not enough to keep him in the cool kids club. It’s tough though. Outside of power, which isn’t really covered in Houston, energy transition is a lot more talk than action, from a transaction standpoint  

 

Est pariatur ipsum animi quae temporibus. Quae in aspernatur ea officiis nesciunt et. Voluptas incidunt dolore dignissimos magnam velit culpa perspiciatis.

Laudantium et aperiam sed et magnam cupiditate aut doloribus. Ut deserunt et provident eum consequatur. Culpa voluptatem fugiat voluptatem dolorum occaecati beatae. Temporibus similique harum a aut. Quam consequatur expedita hic voluptas. Eum id facere voluptas. Et delectus voluptate voluptatem sit accusantium reiciendis.

Et iste enim rerum natus maiores officiis fugit tempore. Natus voluptate dignissimos ad. Sunt dicta repudiandae autem vitae aut placeat veniam quisquam. Ut error quo molestiae iure in repellendus.

Nesciunt consectetur facilis pariatur veritatis. Sapiente expedita autem quia quia nisi a atque nesciunt. Deleniti magni est rerum. Repudiandae porro veniam sed nobis aut nihil iste. Rerum vel repellendus aut animi. Veritatis totam laborum cumque aut praesentium.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”