UBS Houston Global Banking
Hello, I have an Sonru from UBS for a global banking position for Summer 2023. Does anyone know the deal flow, WLB, and culture at UBS in Houston. I am not well-versed in all of the IB recruitment (I come from a CS + Math background and became more intersested in IB), so any advice or information would be helpful. I am worried that interning at Houston will not be helpful long term as it seems focused on O&G which I am bearish towards.
If you don’t want to work in energy, why would you apply to the Houston office?
I believe energy is extremely interesting. However, my colleagues heading to IB seem to be raising warning signs on the future of the O&G space. It seems that they believe the deal flows are low and that if you focus on energy banking you will be pigeonholed
From what I understand is that they also do work in energy transition. Also if you think O&G is going away any time soon, I believe you're mistaken. I work O&G-tangent in the energy industry and we are simply not even close to losing it. If you plan on doing IB for a couple years, then it's not something to worry about IMO. It's also just an internship.
There are headwinds like some capital drying up in traditional O&G due to ESG pushes across investors, but there's still opportunity and these companies still need to operate.
I've interviewed/networked with the Houston team before and I liked them a lot, even though it's not even close to the top of the Houston banks. FWIW every junior employee I networked/interviewed with over a year ago is still there.
I also applied for that same position. Have received any more updates yet after the Sonru?
I have not yet received any updates? when was your sonru?
I did one May 27, but got sent another one June 2nd. I’m not sure if it’s an indication of anything cuz the email messages were the same. I’m just lost, I don’t know their timeline.
The group hasn’t closed an M&A deal in like over 2 years now.
is this reflective of the O&G industry as a whole, or UBS Houston itself?
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