Houston/ NY SA Recruiting
Hi all,
I’m currently a sophomore at a Texas Target/ national semi-target (Rice/ UT Austin). I’ve read previous threads from a few years ago, but I had a couple of recruiting logistical questions before spring that a few of my peers share as well.
Does Houston recruit earlier than NY still? Assuming you’re fortunate enough to land an offer, do you have to actively decline a Houston offer to recruit for NY, or is the timeline compressed/ aligned enough to compare both?
If a prospect is in-state/ from the Houston area, besides learning Energy technicals and networking, is there an expectation of previous internship experience (CorpFin/ Regional Boutique IB) in O&G/ Energy?
Thank you very much, and I appreciate all of the insights on the forum.
Going to HOU for FT and can help for 2.
While energy experience can definitely help, it is not an expectation. You just need to be able to hold a conversation about Energy (technicals, or otherwise). I didn't have any prior experience when I landed my offer for a top group.
You’re going to be asked to rate your preference for work locations. If you aren’t selecting Houston as your number 1 preference, you’re likely not going to be considered. I had a conversation with a BB analyst who assisted in recruiting and their comment was that they did not consider those who didn’t select Houston as their first choice. It’s fairly easy to sniff out those just looking to leverage an SA position in Houston with the hope of ultimately moving to New York. A lot of times, this tends to rub those folks the wrong way. I would advise having a very strong answer as to why you want to work in Energy. Study technicals relating to energy, and make sure you can apply a basic understanding as to why commodity prices are the way that they are currently in the market. Additionally, I would recommend doing your homework on specific groups. Good luck, Houston is a bit of a jungle.
This can be true for banks that have it all as one application but a lot of banks run a seperate application and recruitment process for Houston
They can still see if you're applying or interviewing in New York (at least at their bank) even if the applications are separate
If you want to recruit for both cities, you should be very quiet about it. Don't tell them when they ask if you're looking at New York, don't even tell your friends or classmates. Your story for Houston is you're from Texas and want to stay there. I'd also be careful interviewing with both Houston and New York at the same bank - you can apply for both and claim you're just maximizing your chances, but they will know if you're doing first rounds or superdays at both places.
There's no expectation that you've previously worked in energy, although corp fin internship at a known energy firm (any public company should be fine) will put you at the top of the list anywhere in town. Most people have no energy experience at all. There's a short list of basic energy technicals to know, but they're not expecting you to opine on detailed O&G concepts. Important that you know what's going on in the energy market/recent energy M&A, and can talk about why you want to do energy.
Finally, if you accept the Houston offer intending to lateral to NYC either after SA or halfway through your analyst stint, you will absolutely burn bridges at your group. If you want to be in NYC just focus your efforts there. Either of those schools will be just fine for NYC if you network well.
Exercitationem fugiat harum impedit accusantium optio consequuntur. Ipsum non similique molestias consequatur natus voluptatem.
Laborum ut tempora dolorum ipsum officiis quae eos. Ullam aut sunt placeat consequatur similique cum aut. Itaque omnis deleniti repellendus sed ut.
Vel pariatur et est neque qui assumenda. Temporibus est soluta veritatis officia ea. Consequatur hic veniam dolor rerum illo quod.
Sed quod dolore perspiciatis aut. Beatae in voluptatem ut itaque. Repudiandae architecto eligendi voluptas reprehenderit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...