Who is the final boss in Houston Energy? (GS, JEFF or EVR)
I am a class of 2029 student recruiting for the 2028 SA in Houston. Due to my connections and top-tier energy PE internships and clubs, I am confident I can be placed at top banks. Through WSO posts, my mentors at SMU, and my family connection at a large energy PE, I was told that the four best shops in Houston are GS, JEFF, EVR, and JPM.
I've done more than 40 chats and think I messed up my chats with JPM, but had decent chats with GS, JEFF, and EVR. I genuinely enjoyed my chats with them and was basically confirmed that I will have a 1st round. Based on my understanding, GS does most of the big deals (5 Billion+), and JEFF is just printing deals every year and monopolizing 50% of upstream sell-sides with RBC and MOE. EVR is the most balanced one, doing both a $100 million mineral transaction and getting on Devon Coterra.
If I am in a lucky spot and get offers from all three of those places, which one should I go with? Assume I want to stay in Oil and Gas and will likely exit to energy PEs.
Update: I just removed my info about my clubs and internships. Appreciate.
All four places you mentioned are solid and will place you into some top energy PE like Quantum/EnCap/ Carnelian/NGP
Given that you said you wanna stay in energy, I would say JEFF/EVR are the best banks because they are just deal factories that execute so many deals
GS is a good name but those large M&A transactions are usually not regular auction processes but more like a bilateral conversation driven by MDs, so you would spend more time on useless pitches and business development initiatives
That said, EVR and GS might have stronger brand recognition if you want to keep your options open down the line
JEFF/EVR/JPM are all sweatshops. Go to GS you can basically do nothing and get best exits
Goated username for energy monkey
This is incredibly gay, delete this or at least remove your identifying info. You haven't even been in spindle for a month bro. I have a good idea of who you are, but nonetheless it makes the rest of your class look bad.
Can confirm. Was bored and I'm 95% sure I figured out who this is
bro is getting shunned by his peers
Just removed, thx
DEL
Congrats on Spindletop Macroanalyst! Heard the investment committee is CRACKED this year.
I wonder how many macro analysts in spindletop there is… and all the other info
Keep smiling bro I’m almost there
This is such an idiotic post. You’re selling yourself out as a prestige-chasing weirdo, making your Spindletop class look bad, and furthering your school’s reputation as a nepotism and crybaby factory.
If you knew anything about oil and gas and cared about being in the industry long-term, you should know Jefferies and RBC are the two most respected groups in Houston for traditional energy (deal flow, deal flow, deal flow). Goldman Sachs and J.P. Morgan do nothing for 80% of the year (75% of their work is meaningless energy technology pitching) and Evercore is permanently grinding out sub-$200MM mandates, competing with the likes of Piper Sandler. Get your head in the game or you will not place.
I’d give this guy some credit. Young people are eager to share their accomplishments, even if that means getting into a club or landing networking calls. And at least some of his takes on the banks are pretty accurate
You need a bit of an ego to survive in this industry, and chasing prestige is a big part of what keeps people in it
Yeah you need some ego. You also need the emotional intelligence to hide it. Also to not come off as a retard
Separating by sector (in order)
Corporate marquee-type deals: GS/JPM
Upstream: JEF, RBC
Midstream: EVR, JEF
OFS: idk
Energy Transition: JEF, MOE
RX: EVR, MOE (believe PJT runs energy rx through rssg in nyc)
Corporate and upstream deals are the largest. JEF has a monopoly on upstream A&D with GC/CG and transition led by DD. Evercore very strong in midstream with RP and RS. MOE has trauber but that is all that is really going for them. GS/JPM will win one or two big deals a year to keep everyone at the table fed. Worth nothing that for trad energy PE generally best to be at shops that have an upstream focus. Midstream good for infra exits. Transition might give more optionality but important to get quality reps
Pretty good list. I'd say Piper Sandler should be a contender for OFS. Won't be the blockbuster deals but lots of mid market ones that pay the bills, and keep hearing bonuses and culture there are good.
EVR midstream is almost irrelevant this year. On none of the big deals. 4 strongest midstream shops are Barclays, Jefferies, RBC, and Mizuho.
Barclays: Momentum (5.5Bn), Brazos Midland (4.4Bn)
Jefferies: Momentum (5.5Bn), Brazos Delaware (1.6Bn), Comstock (600MM), CRC, Bayswater
RBC: Apollo into Oneok (9Bn), Enbridge Salt Creek, Rover Pipeline
Mizuho: Traverse Midstream (2.25Bn), Western Brazos (1.6Bn), BX Rover, Williams LNG, Plains Buy-side
How is Citi? Especially post MBA?
I guess I will say if pay is you thing evr (if you can survive) Moelis, and Jef pay the most. Again this is strictly if you are here to get paid nothing else
Jefferies Houston has had some bad years for bonuses recently. At least 2 that caused a ton to leave
Wasn’t that the ET Jeff team that got hosed on bonuses. Upstream team has always been paid well from the info I’ve gather. Could be wrong
It was only 24’. 25’ JEFF has an independent bonus pool and even mid-bucket got around 90k
Evercore is not the highest paying bank in Houston
Which one is it?
This is one of the most retarded and gay posts I’ve ever seen. The person who wrote this had to have been stroking his shit the whole time thinking he’s the shit in recruitment. Ego check big guy
Doesn’t Evercore have like 20 ASOs + 20 VPs and JEFF only like 5 of each. Pretty sure at JEFF you’ll just get worked to the bone which is also why everyone there always just looks so burnt out or leaves after 2-3 years
Why is having 20 associates and 20 VPs supposed to be a selling point? OP is a sophomore recruiting for an analyst role. What matters is what it’s like to work with them day to day. A friend who worked at EVR told me that a lot of the MBA hires were difficult to work with. That’s one person’s experience, but I wouldn’t treat the headcount as proof of a good analyst experience
If you go to Jefferies be ready for the midnight scrollers. They are famous from one particular MD. Also plan every three day weekend to play playing catchup for the MDs while they are in Mexico or Colorado.
Who pays the best?
Not Jefferies!
What’s the number you heard? I heard at least this year is good and for sure is better than GS
Well being better than gs isn’t hard especially if Jeff is top dog in energy
Is this a top tier troll post or some deluded young person from a shitty college? I can’t tell anymore.
SMU is not a shittly college
Ut ratione nisi vitae enim eius facere. Numquam ut deleniti consequatur similique perspiciatis fugiat non. Rerum tenetur eaque facilis modi quia nam. Fuga voluptatum et est doloribus. Quibusdam odio iste ipsa sunt nam optio.
Voluptatibus quo molestias neque deserunt quidem sit. Quaerat animi temporibus accusamus quia necessitatibus et. Et quia a tempore mollitia placeat perspiciatis doloribus. Sint ut fugit perspiciatis culpa quia eos non.
Et repudiandae autem esse itaque cumque. Excepturi repellendus autem est fugiat natus consequatur. Sunt labore et est consequuntur id voluptates.
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...
Dolor a sequi excepturi ullam id et aliquam. Ex sit laboriosam deserunt quisquam autem. Pariatur sint ipsum qui beatae. Est fugit iure possimus sunt facilis unde in eaque.
Doloribus animi praesentium aut. Non accusantium quis itaque corporis. Veniam enim laborum ab mollitia debitis quas. Aliquam voluptas sit dignissimos et. Voluptatem aspernatur aut quia similique nulla. Non placeat amet nisi sunt. Dicta hic qui molestiae est dolore.
Incidunt et et exercitationem ut inventore. Ad odio odio neque eos. Sint velit enim quis magni.