O&G Engineer at PortCo to Associate IB/PE
I'm an A&D/Reservoir Engineer at a PE backed shop, and have been thinking about jumping into the finance world. I joined this gig straight from school and it's been two years. I'm lucky to have been given lots of responsibility right off the bat in the A&D side of things where I've successfully closed ~250MM in A&D deals, while also working on the engineering modeling and econ modeling side of things. Recently, I've been thinking about my next few moves and have been lured into ending up in PE. I'm aware that engineers are generally not the target for an associate gig at PE funds, but given my background in A&D, would I have any sort of chance in the O&G Energy Fund as an Associate?
Obviously, doing an MBA, followed by 2 yrs of IB, and then recruiting to PE would make the most sense. But it'd also mean that I would have to wait another 3-4 years max to get into PE. Is there any hope to directly jump to an Associate role at a PE? Would an IB Associate for a year and then jumping to PE make more sense (Without MBA)? Would appreciate any insight on what I should ideally be doing so I end up in the PE path within the next two years.
I'm just thinking out loud here but your experience is much more at the asset level than the overall deal level. That's not a bad thing especially in O&G where the more technical knowledge you can apply the better. I don't think its a particularly big leap for you to get into PE. Basically all the cash flows you're predicting from a development model ultimately get run through a waterfall; if you can demonstrate competence there I bet you can attract some interest.
Thanks for the thoughts. Do you think it'd be useful to start prepping on the modeling side of things (start with DCFs and then LBO)? Obviously can also mess around with current company waterfall structure once I can get a better hang of things. Followed by then reaching out to folks over at funds like EnCap, NGP, etc. for coffee chats to gauge their interest in my skill sets. Thinking out loud, just wanted your thoughts. Thanks.
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