New to WSO - MBA with O&G Experience - Trying to make the jump into IB

Hey guys, wanted to ask a quick question. With a few years of experience at a major O&G company, and an MBA from a private non-target in TX, how are my chances of landing an analyst spot in an energy group in TX?

4 Comments
 

Hey man, welcome...we probably need a lot more information than that...if you dig through the forums, especially the Get a Job, you'll start to see consistent themes...one of them is the value of building a strong network.

You could have a crap gpa from a non-target and still end up at Goldman if you have a strong enough network and can impress in an interview...so hard for anyone to give you an exact percentage.

 
Best Response

For the past five years I have been in the Oil and Gas industry on the E&P side. Although I handle A&D, I do so in a non-finance / banking capacity. Non-Business undergrad at a top 25 public school, and I am nearing the completion of my MBA (concentrated in Energy Finance) at a private school in TX.

I am looking at making the jump into an energy group at an IB here in TX. With no IB experience, and the aforementioned ed/work experience, it is my understanding that an Associate position would be a stretch. After speaking with some friends in IB, they were of the opinion that an Analyst position was within reach, and that moving straight into an Associate position (even if possible) would have its disadvantages (EG: not having been an analyst, lack of peer/analyst respect, etc...) Thoughts? Additionally, A CFA (level 1 & 2) for-credit prep course is offered in the MBA program I'm in, which I have the opportunity to take. How would this affect my opportunities, and is it necessary?

 

Natus consequatur eius velit enim. Sint aut et eaque assumenda accusantium unde. Voluptatem doloremque earum non facilis.

"They are all former investment bankers that were laid off in the economic collapse that Nancy Pelosi caused. They have no marketable skills, but by God they work hard."

Career Advancement Opportunities

October 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

October 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

October 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

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
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...”