Please Help - IB Recruiting in Houston

Hi Y'all,

I have been recruiting for IB, particularly roles based out of (Houston) Texas, and it has been difficult to land any interviews due to my PE background. Any Advice?

Background:

  • Currently a Senior at a Texas target school.

  • 3.8+ GPA; Economics Major (actuarial science minor); yes, I do have my technicals down.

  • I have lived in Texas practically my whole life.

  • I absolutely do not want to work outside of Texas, or any city that is excruciatingly expensive.

  • I entered University as a "first-time freshman" despite being a Junior due to the number of credits I entered University with (63 credit hours). I effectively did not have a GPA until the second semester of my junior year.

  • I have done two PE internships at two boutiques (no "actual" deal experience); practically just a glorified buy-side acquisitions intern providing due diligence.

Dilemma: 

I did land a full-time offer at a top-10 PE firm but given the position is based out of their NYC offices, I could not bring myself to accept the offer. Give me monkey-shit all you want, but I cannot possibly imagine moving to such an unbelievably expensive city. Even then, I still think Oil & Gas is a complex and interesting industry. I'd ideally like to work upstream or midstream, but that's if I can even get my foot in the door.

Since then, that train has passed but so has on-cycle IB recruiting.


Since I have kept my eyes on Houston for so long, what can I do to actually land an IB role at a reputable firm now that on-cycle is over, and I will be graduating this May? Even the firms outside of Houston do not want to hire me because of my PE background since they think I will jump ship after 2 years on the job. I do not want to stray into boutique territory, but I also really want to jump into the workforce (since energy deal activity is currently booming, especially M&A) which is why I do not want to prolong my education for no reason.

And yes, I have been recruiting. Yes, I have been reaching out to alumni. No leads.

I have not even mentioned the worst part--the firm I have been interviewing with (obviously off-cycle) seems like the perfect fit but the second-year analyst responsible for interviewing me has been iffy on communication. I also recently found out that he will be leaving the firm in a couple of months. What can I do to mend the situation? I have tried reaching out to both junior and senior bankers in the division to no avail.

If I get keep getting rejections, how can I prove to them that I am a good fit? How can I persevere without sounding desperate? I really cannot accept no as an answer at this stage.

My technicals are rather good and my conversation skills are exceptional, but now that I am so far past on-cycle recruiting, what can I do to increase my chances of landing an IB analyst role based out of Houston for 2022?

Advice?

I really appreciate any response and thank any suggestions that come my way.

Thanks :)

 

A eos non sed hic. Et sint in iusto eaque. Ad et et possimus rerum eum eos. Quam odit molestiae ab ea quis suscipit.

Qui officia inventore explicabo veritatis nulla adipisci. Dolores modi officia possimus nulla. Eligendi totam vero quos maxime eum saepe perspiciatis.

Neque ut reiciendis quia voluptatum. Nulla aut veritatis eaque maiores libero tenetur dolore. Reiciendis iusto cum ut esse dolorum qui. Deserunt odit reprehenderit illum et vel vero. Sapiente in voluptas quae laborum. Non nam quod temporibus.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Perella Weinberg Partners New 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 06 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”