Houston leagues table

Very interested in energy and aware that M&A was great last year and earlier this year. Any insights into these banks would be greatly appreciated: JPM/GS/MS/EVR/LAZ/GUGG/BOFA/JEFF/CITI/RBC/TPH (ranking, culture, hours, comp, exit)

 

Based on the most helpful WSO content, here's a detailed breakdown of the banks you're interested in within the energy sector, focusing on aspects like ranking, culture, hours, compensation, and exit opportunities:

  1. JPMorgan (JPM):

    • Ranking: Strong in energy M&A, particularly in large corporate deals.
    • Culture: Known for a somewhat toxic environment.
    • Hours: Standard for IB, expect 70-100 hours.
    • Compensation: Competitive, aligns with industry standards.
    • Exit Opportunities: Good for PE due to the brand name and high-profile deals.
  2. Goldman Sachs (GS):

    • Ranking: Active in large corporate M&A.
    • Culture: Can be seen as elitist, especially in locations like Houston.
    • Hours: Typically intense, around 70-100 hours.
    • Compensation: At the top end of the market.
    • Exit Opportunities: Excellent, particularly in PE.
  3. Morgan Stanley (MS):

    • Culture: Generally positive, though some find it a bit stuffy.
    • Hours and Compensation: Comparable to other major banks.
  4. Evercore (EVR):

    • Ranking: Strong in M&A, known for placing into megafunds.
    • Culture: Less elitist, more hyper type-A.
    • Compensation: Known to pay above the street average.
  5. Lazard (LAZ):

    • Culture: Known for having really nice people, though can be a bit stuffy.
    • Exit Opportunities: Strong in restructuring and advisory roles.
  6. Guggenheim Partners (GUGG):

    • Note: Not much specific detail on culture or compensation, but generally considered a strong player in investment banking.
  7. Bank of America (BofA):

    • Culture: Generally positive, aligns with major banking standards.
    • Hours and Compensation: Standard for the industry.
  8. Jefferies (JEFF):

    • Ranking: Particularly strong in energy, especially in upstream and midstream sell-sides.
    • Culture: Positive reviews, less toxic compared to some peers.
    • Compensation: Known for very competitive compensation packages.
  9. Citigroup (CITI):

    • Ranking: Strong in energy, though currently dealing with some transitional challenges.
    • Culture: Comparable to other major banks.
    • Exit Opportunities: Good, especially in energy-focused PE.
  10. Royal Bank of Canada (RBC):

    • Culture: Solid, though bonuses might not be as high due to its Canadian roots.
    • Compensation: Generally aligns with industry standards but may not offer outsized bonuses.
  11. Tudor, Pickering, Holt & Co. (TPH):

    • Culture: Described as very chill and passionate about energy.
    • Compensation: Known to pay above the street average.

This overview should give you a comprehensive insight into these banks' standings in the energy sector, focusing on the key aspects you're interested in.

Sources: Houston Energy IB Rankings?, Is Prestige Really All That Important?, https://www.wallstreetoasis.com/forum/investment-banking/best-energy-investment-banking-groups?customgpt=1, Banks with best cultures, Top Investment Banks in each industry 2018

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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