Showing results:
Displaying 1 - 50 of 311
Any Desk Analysts or Credit Traders here ??
Hello everyone, I am extremely interested in a career as a HY Desk analyst / strategist as I love financial modelling and credit markets. I will have soon a gap year with two internships in 2025. Knowing that I have done this year an internship in a debt advisory boutique, what type of experience is...
Q&A: Leaving IB After 5+ Years
The WSO community has been an absolute blessing for me all these years so thought I would give back with this Q&A. Background: I submitted my resignation letter today after 5.5 years doing restructuring at PJT/MoCo/HL in the APAC region. My analyst years were absolutely terrifying given the...
RX IB Analyst -> Public Distressed or Private Special Sits?
Hey yall - I am an analyst at a top RX group. As I navigate the switch to buyside, I have come down to 2 paths: (i) distressed/stressed public credit HF like Elliott/DK/Silver Point (ii) special situations private funds like Apollo HV / BX tac opp / Sixth St. Would love to have yall weigh in on how...
This is why you do NOT talk to reporters
A few weeks ago some reporter named Erin Hudson at Bloomberg "accidentally" sent out her entire list of rx industry contacts and confidants to ALL of her sources. A couple guys at my shop have since been let go, some were really fucking good too. Unsure if she still has a job but this broad...
How I Explain Finance Through an Extended Metaphor
I'm curious how other people approach explaining the industry to others. I usually use the following extended metaphor. The premise is that a business is a house... something that should be familiar to the person I'm speaking to. A Business is a House , it can appreciate and depreciate based on...
Commercial DDs vs Restructuring
Hi all, I have an offer from a T2 consulting firm in Europe. They asked me to decide between a specialization in CDDs or Restructuring. What would you choose and why? Which one offers more interesting opportunities? I like working with numbers, so Restructuring seems to be the obvious choise. Also,...
DC Advisory Restructuring
Hey Monkeys, What is DC Advisory's reputation in London for Restructuring? They've poached a lot of seniors from HL/PJT/Moelis and are always in Top 5 for market share in EMEA. Not read much about DC RX on WSO so perhaps that answers my question, what's the reputation on the street?
Small Restructuring Boutiques London; London Restructuring Insight
Hi guys. I’m a penultimate year student of a 3 year undergrad course. I intend to do a masters so things have been shifted back a year for me in terms of recruiting. I did a PE internship last summer and I’d like to see if I can do an internship in restructuring this summer before applying for...
Precedent for Debtor In Possession Public Offerings? (Rx Question)
During the Hertz Chapter 11, there was a brief Debtor-In-Possession Public Offering (DIPPO) which was shut down just a week later by the SEC. From my understanding, the downside to this would have been to the equity holders, who could receive nothing in the Chapter 11 process. Given the remaining...
Government LMTs?
Will the past decade of establishing a precedent for liability management transactions give governments alternative solutions for managing debt? The way creditors approach bankruptcy and covenants has changed drastically but has anything similar happened for government restructurings. - While this...
Alvarez & Marsal Restructuring SA 2025
Hey all. Just wanted to make this thread to see if anyone had insights on the interview process/timeline, comp, return offer rates, etc. Would greatly appreciate more insight on this
Let's Talk IB Acceptance Rates / Difficulty
I think we can all agree, besides HF and Quant - Investment Banking is the hardest to break into. But what's the most difficult section of investment banking to break into? Factoring in average class size, upward trajectory of comp, general demand I think we see : (Highest to Lowest Entry...
RX Restructuring News / Cases: Europe
Hey all, I am moving to RX in LDN from M&A. Anyone know where I can read on recent European RX cases? Any law firms, information providers (Reorg) etc. that you would recommend? Everything seems to be very US focused generally.
Tough Interviewer
Hey guys so I recently interviewed with a boutique (solid RX group) and the interviewer asked me all sort of unusual questions. Think specific numbers regarding a RX deal. Is this normal?? I feel so frustrated and doesn't feel confident no more for my ensuing interviews. Any guidance will be...
Houlihan RX Chicago vs. Greenhill RX New York
I am looking for any insight into choosing between Houlihan's Chicago office & Greenhill's NY office for my junior summer internship. Personally, I really want to be in NY full-time, but I really like the people at HL. I'm not sure how common it is to transfer offices after the summer or after 2...
Freshman Interested in Rx
What’s a good place to start studying or developing interest for a college freshman curious about a career in Rx?
HL RX vs EVR RX
edited............................................................................................................
2025 …
Had a first round last weeking, wondering if anyone has heard back. Saw there was no thread yet. Ggggggggggg
HL RX SA2025
Wanted to start a thread. Anyone interview yet?
Determining companies ripe for a restructuring or liquidation
Hey everyone, New monkey here starting my FT S&T role soon (not in HY/distressed) but I am interested in learning more about the RX/distressed space because the area genuinely interests me. I'm curious, and I know it's a bit vague, but how do you approach determining whether a company is ripe for...
Breaking into RX from a non-target
Hey everyone, I thought I would make this post, since I haven't seen anything specific for RX from non-targets. RX is a niche part of investment banking, so it's difficult to find alumni who are in that space (nearly impossible). What are some things I can do to land interviews against all the HYP...
Sophomore Internships for RX Recruiting
What is the ideal sophomore internship to recruit for RX banking junior year? I've seen people do internships at distressed funds, are these processes formalized or is it moreso just network in? Do smaller RX firms (Configure/SSG/GLC/Gordian) take sophomores as interns?
Rx Big Law to Private Debt
I'm a 2nd year associate in a magic circle firm based in Paris. I specialize in Restructuring & Insolvency. We advise clients across the capital structure and do a fair bit of financial restructuring deals. I am looking to lateral to a private debt or a special situations role ( i.e., a finance...
Should I study for RX or skip?
Recruiting for SA25 — Really like RX — have been studying rxinterviews.com guides and started Distressed by Moyer recently, but given the heavily accelerated timelines, and considering my progress, should I keep studying for RX or should I just go back to grinding the normal process technicals?
Turnaround & Restructuring - 2023 Perspectives
There is relatively little current information on the forum regarding Turnaround & Restructuring Consulting so curious to get current perspectives on the role. Specifically interested in hearing current lifestyle perspectives across various firms (have travel dynamics changed post-pandemic or are...
RX Internship Prep
Dear Forum Members, I trust this message finds you well. I am pleased to share the news of my recent acceptance into a Restructuring Internship at an esteemed Elite Boutique (EB). In preparation for the commencement of this pivotal experience, I am reaching out to the community for your valuable...
Houlihan Lokey Interview Questions?
Lateral to their Hong Kong RX team Anyone recently interviewed with these guys? what questions do they ask? appreciate any insights. was told there's gonna be a modeling test as well, not sure if it's lbo or dcf or anything else. happy to trade in if anyone has any useful info. Thanks!
Exit Opportunities for Restructuring Consultants
I am curious what exit opportunities exist for people who start at restructuring firms like FTI Consulting, A&M, or AlixPartners out of undergrad. From my research, it seems like private equity (PortCo Operations), private credit, RX IB, and FP&A are the most common options. Also curious how you are...
Evercore Restructuring London
Hi everybody, just wanted to ask on any insights on the RX practice of Evercore in Europe. I know they are not super established but seem to be growing. Would appreciate any insights into what they are doing etc. Thanks!
Toronto RX
Does anyone have insight on if any banks / boutiques do RX in Toronto (Canada)? Interested in staying in Toronto but would like to work in the space
Any Suggestions for a First Year Restructuring Analyst?
Hi Everyone, I have accepted a FT offer as an IB Analyst focussing on RX, and Special Situations Advisory. I will be starting in this position next summer. I'm wondering if anyone has any recommendations for working in RX or banking. My background is a little unusual (I think) in that all of my...
Restructuring Model Interview Guide
Hello folks, I am about to do a technical model interview (not sure how long) and would like to prepare myself. I am from a traditional M&A background and would love to pivot to restructuring. Any resource that is helpful for me to study and practice? I appreciate the suggestions in advance.
Turnaround and Restructuring *ADVISORY* Salaries
What are the base salaries and bonuses for turnaround and restructuring VP's (or parallelly associate directors) at firms such as AlixPartners, Alvarez and FTI?
Toys R US Restructuring
Hi guys, I'm doing a write-up on restructuring for Toys R' Us. I can't seem to find important details about the deal, such as how much money the secured and unsecured lenders ultimately ended up getting. Furthermore, all news articles on the topic are usually cursory or provide unhelpful knowledge....
How do I join IB or buyside from restructuring big 4?
restructuring big 4 to restructuring IB? or do I need to lateral to corp finance? or do i need mba
RX Consulting to RX IB
I've just finished my first year in restructuring & turnaround consulting. While I've generally enjoyed the work, I'm looking to lateral into investment banking (preferably RX) through off-cycle recruiting. 1. Does anyone with a similar story have any tips/recommendations on how to make the jump? 2....
Financial Restructuring
I recently came across some postings for financial restructuring roles at HL and haven't been able to find much about it on WSO. Hoping someone in the field can provide some insights. How are the hours compared to normal IB? From my knowledge, these roles are at investment banks, but aren't actually...
Alvarez & Marsal Restructuring Intern
Does anyone have any insight into the Case Management Services group at Alvarez & Marsal and what the interview process looks like?
Lazard Fires Top Restructuring Banker Accused of Inappropriate Behavior
Lazard fired Reid Snellenbarger this week after a 4th of July party gone wrong. He had just joined the firm in April.
4 hour modelling test: Associate level interview - RX Banking
Dear WSO Community, I have completed three interviews mix of fit/technicals with a Boutique IB for an Associate level position in their Rx team. I now have a 4-5h modelling test coming up. I am quite unsure what to expect from this modelling test and wanted to get your valuable input. I have...
What are the exit opps for Big 4 UK Restructuring and Turnaround?
What are the exit opps for Big 4 UK Restructuring and Turnaround? distressed m and a? IB? HF/PE? Should I complete a MBA?
Does anyone have any insight on the Oppenheimer Debt Advisory / RX team in Dallas?
They have a FT 2024 analyst position posted on their website, would love to hear if anyone knows anything.
What are the exit opps for Big 4 EY Restructuring and Turnaround?
If I leave after I become chartered, what will the opps be? And how do I go about finding them?
Distressed Buyside Internships
Hello everyone Can I ask you to share some buyside addresses (distressed PE / private credit) where I could potentially apply for an internship? (Officially or speculatively) I have the following background: - Undergraduate student from a target university - Restructuring internships at Big4,...
Q&A: Cross Border Corporate Finance And Investment Banking
Charles is Head of Corporate Finance and Capital Markets at Ÿnsect, the world’s leading producer of sustainable insect-derived protein, all-natural fertilizer and other organic by-products. Charles was most recently a senior Vice President at Greenhill & Co., based in New York, where he advised...
RX Interview Prep 1 Week
Hello guys May I ask you to share with me what topics I should definitely look at for an interview concerning an off-cycle RX banking interview at an EB? (in Germany) I have approx. 1 week time for preperation and have solid accounting as well as RX consulting knowledge. (Please provide topic +...
RX Advice / Breaking In Advice
Current RX paralegal with modeling experience. Applied to msf program to find something. Thoughts?
Insight into Distressed HF vs. Credit
Incoming SA at an RX group (PJT/HL/EVR) and I'm pretty set on recruiting on-cycle to a Credit/ Distressed role (as opposed to traditional PE). As of now, my long-term goal is to work at a place like Eliott, Maverick, and Viking. From what I have read, a popular route to places like that is 2+2 -->...
Operational Restructuring vs Financial Restructuring
What do you guys think is better (or prestigious), Operation Restructuring vs Financial Restructuring? I'm noticing several firms here in Canada is either building out their Operational Turnaround service offering, or already have an existing service line that cater to Operational work. I only have...
How to prep for restructuring (RX)
I'm interning this summer at a firm with a generalist program and after looking into it RX seems pretty interesting, does anyone have any advice on how to really learn more about the ins and outs of the deal processes in RX as well as some models I should get familiar with before starting? Thank you
or Want to Sign up with your social account?