6 Comments
 

Bumping for visibility, looks like you and I are in kind of similar places. Can I PM you? 

 
Most Helpful

Hah all good. I am going to assume you mean like we own a refinery and upstream oil prod. So we own both the input and output. End of the day we either really bullish final output, or really bearish the final input.

Yes while using futures alone is good (for instance very common for LNG portfolios to do this). Still think more clarity on; margin advantages, physical arb, ability to create real options would make your pitch superior.

I will give an example; same refinary/upstream if we goto engineering team they would say build the refinery next door cause logistically easier. While the trading/commercial team would say no build it possibly way further cause the downstream optionality is way bigger. Maybe we can serve 2-3 customers downstream, maybe we can schedule shipments over 3 weeks vs 1. So on.

 

Ut recusandae dignissimos consectetur beatae. Provident labore in excepturi saepe aut. Et nobis sed adipisci id voluptatem unde beatae aut. Voluptates cupiditate aliquid provident hic et ad voluptatem.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (73) $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
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
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...”