WallStreetOasis.com » Forums » Industry Specific » I-Banking Bullpen

Does Restructuring limit you in the Finance Realm? Exit Opps?

by Cubbies1987

(Chimp, 5

Points) on 8/28/08 at 4:13pm

Hello,

I am a new poster with kind of a pointed question about the finance sub-set of Restructuring. I am considering accepting an offer with a top Restructuring boutique (Lazard, Miller Buckfire, BX, Rothschild).

Does it give me a different skill set in terms of modeling and general knowledge of finance than my fellow M&A banker might get?

Does it limit my exit opps to only distressed PE funds (Cerberus is one I know guys at my shop go to about one/two per year) and hedge funds that may want me for my ability to analyze debt they want to invest in?

I know its a top group in a specific field but I am worried I am boxing myself in too soon. Any advice?

Thanks

Login or register to post comments
Email this Forum topic

Tags:

I-Banking Bullpen

RE:

by gimmeanswerspls

(Baboon, 135

Points) on 8/28/08 at 4:30pm

Financial restructuring is clearly a different experience than you would have in an M&A group, but for the reason that deals with distressed companies are far more complex than that of healthy companies. The modeling that goes into a distressed situation is more complicated and has more depth than what is necessary for your typical M&A deal. What's more, a restructuring professional has to have a thorough understanding of the bankruptcy code and how it applies to the model.

As to your question about exit ops, no, I do not think it limits you to work in an FRG, but I would ask why you would choose to put yourself through years as an analyst in FRG if it is not in line with your long term aspirations.