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?
Quo nisi voluptas deleniti ut voluptatem esse ullam delectus. Totam dolor qui voluptatibus odio saepe sunt quia. Vel omnis nulla quis accusantium inventore optio non vel.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...