Worked in dallas this summer. got mixed feelings about the place.

As a person of color, it was a super racist place. Inside and outside the office, you will see a ton of white people looking at you different in Uptown especially. Felt like there was clear evidence of segregated areas between white and black. I personally did not enjoy that aspect at all.

However, if your white, disregard what I have to say. I'm sure you will have a great time if this is the case. The one thing that I would keep in mind is that their is a more niche industry focus on real estate and energy from my understanding in the ib space. If thats what you are interested in, cool go for it. Not for me personally. You are right about cost of living tho - it is super cheap.

 

Most of the IB scene in Texas is in Houston but Dallas still has a few great firms. The biggest groups come out of firms like Houlihan, Stephens, and Cowen which will all provide you great generalist experiences.

Firms like GS , RBC and JPM have small groups in specific industries (GS and RBC have a RE group and JPM has a few CRG bankers)

Jeffries has a secondaries group in Dallas

And I think maybe WB might have something too.Overall it's a great area but much smaller IB scene than NYC or Houston especially at the Junior level

 

Covered above but biggest offices are HL and Stephens. Cowen acquired a boutique called MHT Partners which gives them a Dallas office now. More buyside opportunities in Dallas than IB and if you already have banking experience that’s the route I would go. There’s threads on the Dallas PE scene that you can find but off the top of my head there’s Align, Trive, Sky Island, Lonestar, Gauge, Insight, Kainos, Riata, Trinity Hunt and lots of family offices

 

Could you possibly PM me? I'm an analyst in Dallas and possibly may be looking to lateral. Love the city.

 

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