BMO Energy Group

Interviewing at BMO's energy group, does anyone have any insight in terms of the deal flow, exit ops, compensation, culture, etc? How does their group stack up against other energy groups in Houston?

 

I would say it's a second tier player in Houston behind the larger banks, but I've heard good things about the guys there and think the pay is comparable. They acquired an A&D team a couple of years ago so I assume they see some flow in that space, though can't think of anything off hand. They get in on the right-book side of a fair number of capital markets deals as well.

 
Best Response

Talked to a recruiter about a position there. The position I had at the time was ~70k base, ~30% bonus for first year analysts; she said the compensation would be about the same. I wasn't interested in keeping my same compensation for more hours, but it's definitely a respectable shop. You won't get BB prestige, but you won't work BB hours either.

As far as deal flow they get a lot of co-managed equity and debt deals, some M&A (Enerplus Marcellus divestiture). I know they are on their first energy IPO ever currently.

An analyst just left there to go work at one of the big firms drilling in Africa now (think Tullow, Kosmos, Anadarko), so obviously the exit ops aren't too bad if you're looking to stay in energy.

 

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