Houston Summer 2020 Associate Recruiting

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Recruiting for Summer Associates in Houston IB has just about wrapped up. Debrief thread to discuss results.

Overall, looks like UT & Rice placed really well. Much fewer UT MBAs recruited than usual. Rice MBA numbers seemed flat YOY. East Coast schools (especially Cornell) seem to be growing their share in Houston (especially at EVR).

What else do y'all have to add?

Comments (15)

 
  • Investment Analyst in AM - Other
Jan 14, 2020 - 12:39am

At a northeast school and recruited Houston but chose elsewhere in the end. A few others from my school recruited Houston but have not heard their results.

Will be interesting to see if the much anticipated upstream consolidation takes place, it was a major turn off to hear so many bankers say deals had been shelved and put on hold. Wondering how much industry outlook affected overall numbers vs. banking being down across the board for MBAs.

Array
 
Jan 14, 2020 - 1:27am

Overall, was Summer Associate hiring down across the board in Houston? Seemed like some of the banks I was talking to had smaller classes than usual. (though, I did hear that Goldman was taking 6 this year, which seems absurdly large)

 
  • Investment Analyst in AM - Other
Jan 14, 2020 - 7:47pm

You're definitely right--I should have clarified. I think interest in O&G banking was down significantly, but slots available were likely ~flat-ish.

Array
 
  • Associate 1 in IB - DCM
Jan 14, 2020 - 5:15am

Anecdotally everyone that was recruiting for Houston from Cornell Johnson got a gig. I've heard 4/4 placed, 1 at greenhill, 1 at goldman, 1 at jpm, and 1 at MS. Although, I ended up deciding on an nyc role over a houston role, it didn't look like associate recruiting was entirely down due to conditions, i think positions were flat overall and whatver specific differences firm to firm in hiring was just due to individual need.

Array
 
Most Helpful
Jan 15, 2020 - 7:51am

People have a lot of guts recruiting for Houston oil and gas banking post MBA these days. The mood is very somber everywhere you look at banks here, perhaps with the exception of 1 or 2 places. While oil and gas isn’t going anywhere soon, the shale industry which drove deal flow in the US since the financial crisis is on its back and may begin to lose relevance in the global supply stack

 
  • Associate 1 in IB - Gen
Jan 29, 2020 - 3:58pm

Given the news today...maybe EVR not as optimistic as previously thought. Scary sign for 5-6 ASO/VPs to get canned in HOU.

Array
 
Jan 16, 2020 - 1:09pm

Just went through summer associate recruiting at Rice and landed at my top choice after multiple offers; don't really think the demand for associates has really waned but the # of people recruiting for them has; last year I heard 40+ recruited and that year Rice placed 22, this year 28+ recruited and 20 got spots

 
  • Prospect in IB - Gen
Jan 16, 2020 - 4:53pm
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