Tech and Energy/Natural Resources I-Banking

I've done a lot of reading on this board and I have gotten the impression that if one is interested in Tech and Natural Resources/Energy banking, it is necessary to work in Menlo Park and Houston, respectively. Is it possible to get a good experience(i.e. good dealflow, exit opportunities to PE) in these groups at BBs while working in NYC or is it better to go to the aforementioned cities?

7 Comments
 

Groups tend to migrate towards their clients. If there's a high concentration of clients in one region (Houston, Greater Bay Area) it just makes more sense for those groups to situate themeselves in those places. I wouldn't cross a firm off your list solely because they aren't in that industry's area... Boston is pretty big on tech too from what I've seen.

 

I would pretty much second what the above posters have already touched upon. There are some solid energy, tech, power/utilities, and everything else groups in NYC. That said, for natural resources/energy, more opportunities for buyside will present themselves in Houston area, just as more tech post IB opps will present themselves on the West Coast. The experiences you gain (which determines how attractive you are post IB), however, will be great if you enter into a great group with solid deal flow - from there you need to make your own path - there are definitely many tech, energy, nat resources and power opportunities in NYC, Boston, West Coast, Houston, and dozens of other locations - land yourself an analyst position with a strong team and you will be on your way.

 
Best Response
BankonBankingI would pretty much second what the above posters have already touched upon. There are some solid energy, tech, power/utilities, and everything else groups in NYC. That said, for natural resources/energy, more opportunities for buyside will present themselves in Houston area, just as more tech post IB opps will present themselves on the West Coast. The experiences you gain (which determines how attractive you are post IB), however, will be great if you enter into a great group with solid deal flow - from there you need to make your own path - there are definitely many tech, energy, nat resources and power opportunities in NYC, Boston, West Coast, Houston, and dozens of other locations - land yourself an analyst position with a strong team and you will be on your way.
Thanks for the responses everyone. What are some of the better energy/Nat Res teams on the street? I have heard that Lehman and now Barclays do very well in Natural Resources and Power out of NYC. Can anyone confirm this as well provide additional insight on the topic? Thanks in advance.
 

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