Houston 2018 Investment Banking Summer Analyst Recruiting
Bulge Bracket
Goldman Sachs - Class filled
J.P. Morgan - Half the class filled, class size unknown
Credit Suisse - Half the class filled
Morgan Stanley - Took 3 students. Class size of 4
Citi - Holding out for Fall recruiting
UBS - Class filled
Deutsche Bank - Recruiting starts during the fall. Since DB does a centralized process for all their US offices, no early interviews were held
BAML -
Barclays -
EB,MM, & Other
Lazard - Holding out for Fall recruiting
Evercore - Took 2 UT guys. recruiting starts back up in mid/late September
Moelis - 2 UT Students were extended offers after early superday, one accepted as far as I know
Jefferies - Class filled
Wells Fargo - 10-12 slots available. Holding superdays soon
RBC - Interviewed multipe candidates from UH for SA spots this week (9/10-9/16). Offers going out next week.
Scotia -
BMO -
Raymond James -
Macquarie -
Houlihan Lokey -
KeyBanc - Takes 1 intern every summer
SunTrust Robinson Humphrey -
Simmons - 1-2 offers extended. No information on class size
TPH - 1-2 offers extended. No information on class size
Intrepid -
The information presented here is what I know through Analysts/Associates who work at these firms. Please comment down below if you have reliable information
Can confirm. It's absolutely insane, especially with the limited amount of spots available. Good luck, man.
You should add Simmons & Co. and TPH to the list, can't add any information though. Curious did you or anyone get any idea of FT recruitment from sources?
I don't have any information on FT recruiting. Will keep you in the loop if I hear anything.
Thank you, sorry for hijacking the post with that. One correction as well Simmons & Co is Piper Jaffray's energy arm (and from what I am told the guys do not like to be referred to as Piper Jaffray in Houston)
Simmons has given out at least 1-2. Same with TPH
Updated the list. Thank you!
Simmons has 2+
Simmons will take ~6 based on talking to the associate in charge of recruiting
This timeline is so stupid. People haven't even finished this summer's internships.
Was told MS has 1 spot left. Wells holding accelerated superday.
Thank you. Updated the list.
When is the Wells superday/where did you hear this from?
I received one
I know this thread is for summer analyst recruiting, but does anyone know how many spots are available for full-time analysts? Are there any Houston banks that are growing rapidly and need more full-time analysts?
Intrepid - Skip's shop is growing fast. Would reach out to see if they are looking. Please let us know if you hear anything. Good luck!
Also Goldman has taken 2 girls from UT. Not sure if there are more but can confirm these 2
Thank you. I'm having coffee/lunch with a buddy from GS next week and I'll ask him to see how many slots have been filled/are open.
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UBS has taken 1 UT guy Jefferies gave 4 UT offers, 1 guy accepted Evercore has taken 2 UT guys
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Moelis has taken 2 already from UT - older friend from SMU works there. Total class size is expected to be about 4 like they had this year
J.P. is taking a class of 6, only 1-2 UT offers have been given/accepted . Talked to associate yesterday
I've heard TPH has given 2 offers. At least one has accepted. Total of 7 spots. Hosting superday on 14th
One confirmed Wells offer/acceptance from UT
Jefferies has posted their SA application today.
Anyone know the results of the GS superday yesterday?
when is TPH's app going to be up?
Can confirm they've already had a superday and extended offers past the 2 UT kids
No app is up on their website? Is that purely for OCR or what?
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Jefferies has taken 3 so far (2 from UT, 1 from a non-target). Class size is 8.
Also heard all their interns accepted full time offers, so no full-time recruiting for them this year.
If you were focused on exits / development, what is the best Houston shop atm?
From what I've heard Barcap and CS aren't what they used to be. Target EVR, GS and C?
You shouldn't be asking this question to a bunch of college kids... to talk to lots of people who actually work in the industry.
TPH has a great culture, although they've fallen back in terms of deal flow since they only do M&A.
There is a huge drop off after GS in the bulge category - for example UBS lost an Associate this morning and a VP yesterday. They're imploding. Definitely focus on tenure at the high ranks of any bank your considering.
JPM is next tier after Goldman. They generally do it all there, and have a good culture.
Jefferies needs to be included in the short list with GS. They are murdering it right now. First year analysts were paid $200k all-in this year and all seven of their interns accepted FT offers.
Simmons is good if you want a good work life balance and you don't mind losing out on E&P experience.
Wells Fargo is another place where you'll get decent regular-way corp fin experience.
Do you know how TPH has changed post the PWP merger? I know they recently closed their first restructuring.
Do you know more about what FT recruitment around Houston will look like since you mentioned Jefferies interns all got FT offers?
Seems like an exaggeration considering Citi and MS have had really good megafund / PE exits lately. I know Citi's per capita stats aren't that great, but the opportunity is still there if your good. MS has been placing really well lately. Same with EVR, you have a really good shot at BX if you do well there.
What does JPM even do in HOU? Don't seem them on much stuff. But their analysts have had good placements.
The banks you chose to talk about is kinda random, especially WF.
GS being the top bulge in Houston is laughable. JPM being next is equally laughable.
Your entire list is ridiculous except for Jefferies (speaking as someone that works in the industry). For the past few years, GS has put astroturf accounts that post in these recruitment threads and it's pretty annoying. GS isn't bad by any stretch, but it's starting to get ridiculous. It speaks volumes that all these supposedly "top tier" banks are undercutting the recruitment deadlines in order to poach the top tier UT kids who normally went to other banks.
How do you all study for O&G specific technicals? Is there a guide or set of questions that people commonly use to prepare for at least basic questions like walk me through gross production to free cash flow?
Disclaimer: I am a Sophomore Petroleum Engineering student and I'm not going through formal recruitment until next fall
I would go through the BIWS guide, they have an O&G section. I doubt that you'll be grilled super hard on technicals as O&G is a bit wonky in general, but I would recommend familiarizing yourself with decline curve analysis and maybe present value profit and discount rate (i.e. PV10). If you can go in and talk about how new wells are big initial investments with a potentially big initial return but they produce less and less over time, and you know how their ROI on the wells depend heavily on a commodity price which fluctuates (i.e. more risk over time), you'll probably be fine.
Anybody heard back about Barclays superday?
Barclays superdays were today
Have you heard back yet?
Anyone hear back for the Raymond James superday?
anyone have any updates on this?
Evercore update 9/14/17
Went to a Houston Evercore info session on campus today, and apparently they are looking to fill 10-12 analyst intern spots next summer, with "5 or 6" offers now having been accepted.
Any updates on Wells?
One offer/acceptance. Interviews should be coming up late this month/early October. Haven't seen anything on OCR yet so we'll see
Superdays are this week.
Is BAML done recruiting?
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Probably, it's generally through networking and not as much through online applications for Houston
Majority are done, I would be surprised if any of the banks on this list are still recruiting.
Evercore is doing some on-campus interviews at Ivies this week. Jefferies has a superday this Friday. TPH is still looking. Lots of spots left.
Most offers went out the last two weeks, would definitely focus on some of the boutiques at this point, maybe some Canadian banks like Scotia.
Still have a pulse w/ Evercore, Suisse, SunTrust.
Any other shops still alive?
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Was personally under the impression that CS filled their class quite some time ago.
Does anyone know about Citi for SA?
They were one of the latest to start recruiting, I believe they were holding super days this week.
I'm late to the game, but I applied to Lazard, TPH, and RBC in Houston the other day. Seems like those apps are still live. Has anyone heard from them recently?
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I do not think thats the case with TPH, they posted the job on LinkedIn like a week ago one more time, so there might be more interviews to come. Houston recruiting is generally after NYC. Also, Lazard uploaded the job recently.
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