Energy IBD Exits / Options?
Hi all,
Joining an EB in Houston next summer and was curious to hear about how energy is perceived broadly / where exit ops lie outside of energy (if at all). Not opposed to working in energy long-term but would love to understand what it would take to swap into a more generalist PE role after an analyst stint.
Also, if ops are extremely limited - what would the viability of re-recruiting for a generalist IB role in NYC for FT be?
Appreciate any opinions on this!
depends how broad your energy team's mandate is. I percieve energy IB training (even pure O&G) to be relevant across IB/PE/PC focused infra, power & utilites, natural resources, renewables and industrials. i'm in EU infra pe though, i presume in the US its even easier to move across sectors given your tight labour market
Houston Energy guy here, had multiple generalist PE supdays, all MM funds (at a MM bank) and even more opportunities presented, was not really pigeon-holed at all. A lot friends were able to pivot easily too. Now that every group in Houston is growing the energy transition/cleantech practices I would not worry about being labeled as an Oil and Gas guy as an analyst, come to the H and absolutely stack up on cash.
Appreciate the color! Was also wondering if you have found there any regional constraints exiting out of Houston? For context, I am from the northeast so would ideally want to keep the door open to come back home.
When talking to recruiters I was pretty clear my first priority was to stay in TX (born and raised here) but did not want to stay in O&G. So most of my opportunities were in Dallas/Austin/Houston in that order. But also entertained opportunities in Denver, ATL, FL, CLT, CHI, and D.C. Had plenty of inbounds for NYC firms but since I had no interest in that geography I didn't pursue. But just based on my little experience, making that move was very doable and I'm not even at one of the top banks in Houston.
Thanks for this. Which HH had the most opportunities for these locations? Interested in non NYC firms myself. Thanks!
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