Greenhill & Co

Oil and gas investment Banking jobs

Banking Investment / April 21, 2022

So, what does it really take to dominate case studies and stock pitches in hedge fund interviews?

And how can you move from a specific industry group in investment banking (oil & gas) to a hedge fund or private equity firm with a similar focus?

The answer, as it turns out, is “Modeling out ultra-deep water contracts on a ship-by-ship basis and taking into account multiple scenarios for revenue, expenses, and utilization rates.”

And if you have no idea what that sentence means but want to move to an industry-specific fund, it’s a good thing you’ve stumbled across this article.

Here’s what we’re going to cover in this in-depth interview:

  • What it’s like working in an oil & gas investment banking group, and what types of deals you’ll be working on.
  • How easy or difficult it is to move into private equity firms or hedge funds afterward, coming from a specialized background.
  • The real way to tackle case studies, and the top mistakes to avoid – and why you never hear other people mention this part.
  • What it’s like working at an energy-focused hedge fund and how it compares to banking.

Banker Begins: The Origin Story

Q: Let’s get started with your “origin story, ” since it’s an interesting one.

A: Sure. I came from more of a “mixed” background than other people, and had worked full-time at a Big 4 firm (in restructuring / distressed M&A) and had completed a few internships before that.

So I was not coming into oil & gas investment banking as a bright-eyed and eager undergraduate or MBA student.

Q: But seeing as how you stayed in the group and then moved to the energy fund, I’m guessing that you changed your mind?

A: Yeah, pretty much. It turned out that I actually enjoyed the work and got a lot more exposure to modeling and deals than other people on my team.