With GS Houston starting to recruit, I was curious to hear about any thoughts on the culture, workflow, and exit opps. Heard some rough things about the culture but was wondering if it would be worth it for the brand name(in NY or SF PE and HF recruiting ). Additionally, any thoughts on how many interns will be extended offers?
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Strong brand name but it’s shit in terms of pay, culture and deal flow
Pay shouldn’t be a concern at the junior level though
Strong enough brand name to offset deal flow and get looks from UMM/MF funds in NY?
No
Yes. Plenty of people at GS and MS in Houston get looks at MFs and UMM firms but it’s trickier than if you were in NYC.
How about MS or JPM Houston? Which would you pick of those 3?
JPM has been on some of the bigger deals recently, but I have heard some questionable things about their culture. (Also, Jamie Dimon simp'd to the far left Sierra Club and said that JPM won't be financing fossil fuels deals anymore or something like that so unclear how that will affect their deal flow down the line). Haven't heard much about the MS office in Houston, guessing it's on the smaller side.
In all honesty, if you get an offer from either of the three that would be great career stepping stone. Don't fall for the WSO bs of tiering banks based on groups. O&G will be back to normal by the time you start and you will see deals coming your way in any of the three. Focus on yourself and if you want great exit opps then open those doors via networking.
Both MS and JPM aren't top in Houston. I'd rather look at Evercore or Citi.
Can you give any numbers on pay at the associate level? And how it compares to other Houston groups.
The Goldman discount is real. I thought they start associates at like 125 compared to 150. Some banks step up to 175 after 6 months, some don’t
starting to recruit? Seems a tad early?
For Houston u really want to be at a boutique
Do you know of reputable boutiques in Houston?
Evercore
Does anyone know if they’re drug testing outside of the NYC office this year?
Does anyone know if they’re drug testing outside of the NYC office this year?
I signed an offer at a different firm in Houston. My firm mentioned that they'll drug test.
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