Investment Banking Associate - Energy (Houston, TX)

Job Description Summary

The Energy Investment Banking team is seeking an Associate to support the execution of merger and acquisition, capital markets, and strategic advisory assignments for clients across the energy sector. Associates work closely with senior bankers and clients, playing a key role in transaction execution while developing strong financial, analytical, and sector expertise. This position offers meaningful responsibility, exposure to senior decision-makers, and opportunities for professional growth within a collaborative team environment.

Job Description

Responsibilities

• Support transaction execution across M&A, equity, and debt advisory assignments from initial analysis through closing
• Develop and review financial models, including operating models, valuation analyses (DCF, comparable companies, precedent transactions), and transaction-related analyses
• Prepare high-quality client materials, including pitch books, confidential information memoranda (CIMs), management presentations, and board-level materials
• Perform company-specific, industry, and market research across energy subsectors such as upstream, midstream, power, renewables, and energy services
• Coordinate and manage transaction processes, including due diligence activities and interaction with clients, investors, legal counsel, accountants, and other advisors
• Review and oversee analysts’ work product, providing guidance, feedback, and quality control
• Assist senior bankers with business development efforts and ongoing client relationship management

Qualifications

• Bachelor’s degree required; MBA or other advanced degree preferred
• 2–4 years of relevant experience in investment banking, corporate finance, or a related field; energy sector experience preferred
• Strong financial modeling, valuation, and analytical capabilities
• Proficiency in Microsoft Excel, PowerPoint, and relevant financial databases
• Ability to manage multiple priorities in a deadline-driven environment
• Strong written and verbal communication skills
• High level of professionalism, attention to detail, and commitment to teamwork

Preferred Experience

• Prior experience in energy investment banking, energy-focused private equity, commercial or investment banking, or corporate development
• Familiarity with energy-specific financial and operating metrics
• Experience supporting M&A transactions

Our Culture

Raymond James offers a client-first culture that values integrity, collaboration, and long-term relationships. Associates are encouraged to take ownership of their work, contribute ideas, and build lasting relationships with colleagues and clients while developing their careers in a supportive environment.

Education

Bachelor’s: Accounting (Required), Bachelor’s: Business Administration (Required), Bachelor’s: Finance (Required)

Work Experience

General Experience - 3 to 6 years

Certifications

Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA)

Travel

Less than 25%

Workstyle

Resident

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view. We expect our associates at all levels to:

 Grow professionally and inspire others to do the sameWork with and through others to achieve desired outcomes

 Make prompt, pragmatic choices and act with the client in mindTake ownership and hold themselves and others accountable for delivering results that matter

 Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates.  

When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.