Investment Banking in Houston

Overview

As you can expect, the market for investment banking in Houston isn’t like New York’s investment banking market. For Houston, the industry focus is not diverse; rather the industries the investment banking in Houston work on are Oil, Gas, Energy, and Natural Resources segments. In Houston, the only requirement to get into Investment Banking is that you need to be ready to stay in Texas. If you are from a not-so-known school and ready to stay and work in Texas, you’re good to go.

Let us now look at the functions of Investment BankingFunctions Of Investment BankingInvestment banks perform various functions for their clients, including initial public offerings (IPOs), mergers and acquisitions, risk management, equity research, structuring of derivatives, merchant banking, and investment management.read more in Houston.

Services Offered

In Houston, the actual focus of investment banking is on the energy industry. Here are the following services that are provided by the top investment banks in Houston –

List of Top 5 Investment Banks in Houston

  1. WoodRock & Co
  2. Pritchard Energy Advisors
  3. Integrity Advisors, Inc
  4. M&S Fairway Capital Partners
  5. GulfStar Group
Investment Banking in Houston

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Let’s discuss them in brief –

Other than these, the bulge-bracket investment banksBulge-bracket Investment BanksTop 10 bulge bracket investment banks are - Blackstone, Goldman Sach & co, Morgan Stanley, J.P Morgan Chase & co, Bank of America Merrill Lynch, Credit Suisse, Citi, Deutsche Bank, HSBC, UBS.read more are also there, e.g. Barclays, Citi, Lazard, Evercore, etc. can be mentioned.

Recruitment Process

The most important thing about the recruitment process in Houston is that you need to live in Texas for a long period of time. And that’s why they even provide opportunities to students who don’t have an excellent track record. And they also offer chances to students who are from less-known schools.

One thing that will help you break into the energy finance industry of Houston is internships. If you have multiple internships, you will always be the most preferred candidate of all.

Plus, if you can network harder and know most of the people in the industry, job search in the investment banking industry would be easier.

You should prepare investment banking interview questions on valuations for upstream companies, various verticals like upstream, downstream, and midstream, being updated on relevant and recent energy transactions, NAV model, MLP, etc.

Culture

If you want to get the benefit of working harder and partying harder, Houston is not that place. Yes, you would be working as hard as you would do in New York if you’re engaged in investment banking. But in Houston, most of the nightclubs and bars are closed quite early. So when you retire from work for the day, you won’t have a place to hang out.

If you have a family, Houston is a great place. But for the single life, Houston wouldn’t be the right place.

Investment Banking Salaries in Houston

In Houston, the compensation of an investment banking professional is quite high but not as high as their peers in New York or in San Francisco. Here’s the average compensation of an investment banking in Houston per annum –

Investment banking in Houston Salary

source: Glassdoor

If you notice, you will see that the average salary of investment banking in Houston is 11% less than the national average of an investment banker in the US.

Investment Banking Exit Opportunities

In Houston, one of the most significant exit opportunities is private equity. Investment bankers that exit investment bankingExit Investment BankingAmong the several exit options available to investment bankers are: 1.Private Equity 2.Hedge Funds 3.Strategy Consulting 4.Fin-Tech 5.Advisory for large corporates.read more go for the private equity domain. Other exit opportunities are joining startups (especially tech startup) or working in the corporate finance industry.

And exit routes are also depending very much on the market position. If the market isn’t doing well, the investment bankers don’t get to work on attractive deals. As a result, they don’t seem to get opportunities to grow and reach a higher rung. And that’s why they quit and join a different domain or industry.

Recommended Articles

This has been a guide to Investment Banking in Houston, their services offered, recruitment process, list of top investment banks in Houston, salaries, and exit opportunities. You may also have a look at the following article for learning more about Investment Banking –

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