How Fucked Am I for RX?
I’m a sophomore at a non target ( penn state/ Baruch/ Rutgers) and my gpa dropped to a 3.6 this sem. My freshman summer I interned at an institutional investor with a couple BN aum and this upcoming summer I’m interning at a hedge fund that focuses on credit investing. I’m also in my school investment fund if that means anything.
I really only started networking in December but I have had good convos so far but I realize I’m still very late. How possible is it for me to get into Evercore/ PJT / HL/ Moelis Rx or M&A?
I’m currently a sophomore, I don’t think your late at all unless I’m also late lol.
hardos these days wtf lmao
+ non targets have very slim chance at top rx groups theyre already too small
Gnna be completely honest, unless you’re a super likeable or charismatic person, you’re not getting PJT/Moelis RX. Top kids from ivy leagues barely get interviews there, with many getting rejected/ghosted.
Why arent you considering rx firms like ducera? Or many MM shops? I think they might be within reach
Isn't Moelis generalist with M&A/RX during the summer though?
Yes, but then it’s very competitive to get placed into the group for FT
Funny that you said Moelis over HL or even EVR
Just came to mind from a recent post on here. HL and Evercore are all on par, I’m not trying to measure dicks if thats what youre implying
I just looked through the analyst class of Moelis and like 90% of the kids are from UMich and the rest are from IU and non-targets like university of Utah. I never realized how heavily moelis recruited at michigan, is this recent?
i think moelis is the most non-target friendly EB
Not at all fucked. Timing is fine, and no one will ding you for GPA if you’re prepped well for the fit/rx/technicals. Keep reaching out and speaking with folks / staying engaged with banks as they firm up interview invites.
Just curious why you want to do RX? Credit investing is a good start though, but I would also suggest targeting groups outside of those 5. Think Gug, Roth, PWP, Ducera, GHL, MillerBuckfire/Stifel.
Ducera is especially known to be friendly to non-targets if you are willing to grind and have a true interest in restructuring but be prepared for technical/stressful networking calls. Founder went to Cal State Northridge and the dude running recruiting recently went to ASU.
Honestly they have been the majority of people replying to my emails. I’m interested in Rx to work in credit investing later on
The guy above is right about targeting more MM RX shops. You could always lateral after a few years at the associate level too, if you want to move upstream. For example, historically PJT RSSG was two and out.
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