Tudor, Pickering, and Holt: perception of them on energy sector?
Hey Guys,
I just need a little color on the aforementioned company. What's the general perception of them on the street in the energy sector? Also, do you think it'd be a good place to start as a Summer Analyst in terms of experience, B-School Placements, etc.? Finally, how does TPH stack up compare to the rest of the energy field? Thanks!
Pretty well-respected in the energy sector. Don't know about b-school, but comp is supposed to be above street
BTW, it's their name isn't "Tudor, Pickering & Holt" it's "Tudor Pickering Holt & Co." if you want to throw in the ampersand.
if you have a SA offer at TPH I would take it. It will take you far
Ok, thanks everyone! Now, my only other question is how would you be inclined to take it over the other MM banks for the summer? Also, given the choice would you take it over some of the BBs?
Yes, take it over other MMs, maybe not Simmons. Simmons has big connections with HBS and you've got a helluva shot getting in there if you work for Simmons. But honestly, I think I would go with TPH over Simmons for post-analyst opps and the fact that they are a little higher up in the M&A pecking order.
As far as BBs, I would take Barclays and CS over them, but no others. Even that would be a tough decision.
Take them over most MM's, especially in Houston. BB's is pulling it. Depends on which culture you want to work for. TPH is a pretty small firm despite the size of the deals they pull in. If you want to be a corporate cog, go work for the BB's. As far as prestige TPH is slightly below the low tier BB's probably (cs/bcs/db/ubs).
wrong... completely wrong
Why? I know a few analysts there and it seems to correct from what i hear...But i am human
They are way more highly regarded than DB and UBS, you can make a solid case on why CS or BarCap are better but if you want to work in O&G there are a ton of people who would take TPH over all the places you listed.
There was a past thread that touched on this firm's Houston team.... http://www.wallstreetoasis.com/forums/ubs-vs-citi-vs-evercore-vs-tudor
Tudor Pickering Holt in Texas: lifestyle + compensation? (Originally Posted: 01/30/2009)
Hi all,
Just wondering what people think of this company, which is based in Houston, Texas. I'm particularly interested in lifestyle + compensation, if anyone has information about that.
Cheers
Solid middle market Energy M&A shop. Good people. I would say pay and hours are very average for Houston Energy banking. By that I mean average of about 70 hours and 1st year pay of average street salary and 85%-100% bonus.
I had a first round with them last week. Very laid back culture, but pretty smart people. One of the guys that interviewed me drilled to me that investment banking is not the best finance option coming out of school in his opinion. I disagreed which was probably the reason I got dinged haha.
in addition to a firm name helping you get into a top MBA you need to also consider the alumni within the company. who is going to write your recommendation? having an alum from a school you are targeting helps. remember, it's not like you get an express pass if you work for company x and not company y.
Tudor/ Pickering/ Holt & Co. -- Intern or Full Time (Originally Posted: 01/09/2013)
Does anyone have any experience with this firm as a candidate or as an employee (either intern or full- time)? I spoke with someone there last week and am wondering whether or not I should expect to hear back. I like that this firm celebrates team work and diversity, and is oil/ gas specific. The person whom I spoke with on the phone seemed like a very cool, but solid and smart, person. Thanks in advance!
What would you like to know?
.
In the same boat as you goblue200. Spoke to somebody Friday. The person I spoke to made it sound like I'd be hearing about another phone interview in the next few days, but nothing yet. Seems like a cool shop.
@nontarget -- Did your interviewee give you any indication as to how many would be interning or when next steps would be taken? Although I did not feel the interview went poorly, I did not receive any information about if and when I might hear back/ what further steps might be taken. This was my first interview for an IB position, so maybe this is not rare. Thanks!
.
When I interned in banking, the associate in the oil & gas group was a former analyst at Tudor, Pickering, & Holt. The guy was easily the best modeler and was extremely bright. Just my experience with the firm.
@Slik_Rick Where did you intern in banking if you don't mind me asking? I'm interested in O&G banking specifically; finding something so specific is somewhat rare to come by especially as an intern.
@Winning_Squared-- Like @nontarget, it was somewhat unclear to me as to whether or not I'd be hearing back at any point; interview was mostly all fit. Doing the research I can on this shop, the more I'm interested in doing work there.
I know from a few people that they are doing their superday this week as are many in Houston. TPH is definitely one of the top shops in Houston. At their size I would guess they will take about 5 SAs this cycle.
@Winning_Squared -- I've heard some Houston Superdays are this week; I wonder if TPH&C is a part of this "tradition" as two of us in this thread had initial interviews just last week... anyone care to share some insight as to how quick a turnaround from interviews to superday usually is? Especially since one of us is explicitly from a non-target and I myself am a non- traditional candidate? (I am not in Ross nor in LS&A at UMich).
Every bank will be different on turnaround time. If you would like more specifics feel free to PM me.
@Winning_Squared I have already, ironically, tried haha. I cannot until I have 10+ monkey points unfortunately but yeah once I do, that'd be great
goblue200, my interviewer was not completely explicit in his response, but when I asked him what the next step in the process would be, he said that I should be on the look out for another phone interview in the next few days and it seemed pretty clear that I was moving on (that was Friday). But again, still haven't heard anything.
Seems like most of the hiring process is through bankers and not HR, so the process/timeline might be volatile depending on dealflow?
Chiming in,
Had a phone interview last week (OCR resume drop). Was told next step is another phone interview and to expect to hear back in a week or two.
Mine was pretty much all fit as well.
Very cool-- if I don't hear back within the next couple of days, I will email my interviewer and perhaps ask what the next step may be. Let's keep each other posted? What are all of your years in school? Target/ non- target? Field of study? Looking at the career bios on the TPH&C website, backgrounds are very diverse, which I really like.
You didn't have any of those questions answered in your interview?
This issue has come up a lot recently, the general impression that I have gotten from folks at the VP and Ass level in Houston is that these guys have one of the best, if not the best, team doing energy M&A right now. I would not group them with the MM folks, and I would not group them with the BBs either. Both seem like a bad fit. More of a specialized shop along the lines of Allen & Co.; in so much as they play in sizable transactions, but don't have a balance sheet.
The downside is that you will not get that much experience doing debt or equity raises because their capital markets side is small (but growing). They have strong M&A and A&D deal flow, where in the average analyst or asso closes about 3-6 a year (depending on size and timing).
I have no idea about their b-school placement, this is the first time I have ever heard that question. They are a pretty new shop, so I don't know if they have a track record. If you have an offer there, I would ping the senior analysts in the office and ask about their career planning.
It is my opinion that if you are looking to build a deal sheet, these guys cant be beaten. The only other ship that I think is on par with them as far as advisory is Evercore; who does a good number of mega deals, but might be getting bogged down in this Kinder Morgan / El Paso fiasco. Hard to tell if it will distract that group or provide them with something to build on.
BarCap is still the 500 lbs Gorilla in the energy capital markets space, and will likely stay there for a good while. Energy is a capital intensive business, so credit experience can be very valuable, BarCap (and to a lesser extent CS) will give you a more "well rounded" experience.
That said, if you want to play in the M&A game, TPH is currently the shop to hit, as they have been on a streak.
Tudor Pickering & Holt Equity Research (Originally Posted: 06/10/2014)
Anyone familiar with TPH's ER division? Specifically culture/hours?
TPH isn't exactly a new shop and doing capital markets transactions isn't the worst experience to miss out on... doing an IPO is the one exception... but after that a debt deal or a follow on is the same as any other... you do an internal memo and your syndication guys throw it down.
shameless bump
I worked in oil & gas ER at another bank and tph was considered one of the best
Impedit et saepe laboriosam omnis voluptates hic. Praesentium repellendus occaecati similique. Iure voluptatem ex et et aut qui. Molestiae reiciendis consequatur dolor debitis quia voluptate. Repudiandae nihil soluta commodi praesentium et voluptatum. Et voluptatem hic in qui odio. Saepe corrupti reprehenderit sed dolorem labore ipsum velit maiores.
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...
Molestiae et ullam consequatur aut ab quia. Porro molestias saepe eum perferendis vel veritatis omnis. Veniam eos suscipit ea. Quia nobis aut dignissimos fuga velit facilis. Esse delectus autem dolorem laborum optio id.
Aliquam mollitia cupiditate non omnis. Veniam natus impedit similique non libero odio dolor.