Goldman Restructuring Group?
Can anyone comment about the group or has anyone been through the interview?
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GS Restructuring (Originally Posted: 09/07/2013)
Anyone have any info on this group?
It sits within Lev Fin, it is very top-heavy, has under 15 professionals in New York and under 20 in London. Obviously restructuring is heavily restricted for all the BBs given the conflicts of interest; from what I have seen, it is usually restructuring financing (similar to JPM's restructuring group that sits within Lev Fin there) rather than classic advisory like you'd see at one of the leading boutiques (BX, Lazard, Evercore, HLHZ).
Agree with APAE. You should think of it more as a Levfin gig with some specialized financing. The team there is a great group of people, but Goldman's balance sheet is a little limited when it compares to the big dogs in financing.
Does GS has restructuring teams? (Originally Posted: 02/27/2007)
Hi,
Is GS strong in restructuring (financing dip etc)?
Is it in IBD or in IBD financing group?
Thanks
http://www.chicagobusiness.com/cgi-bin/news.pl?post_date=2006-06-06&id=…
Restructuring at GS (Originally Posted: 02/27/2007)
Hi,
Economists forecast that the M&A market will go into recession starting from 2009..
So that means lots of lay-offs of analyts in M&A at all banks starting in 2009..
Assuming you have obtained strong financial modelling skills and credit analysis experience, restructuring might be a good place to hide during the recession storm and come back to M&A in the next economic revival in 2012.
Which Top tier banks are well known for restructuring?
Blackstone
How accurate are economists projections...ever?
From what I have heard, banks have learned their lessons in the 2000-01 recession and no longer hire way too many analysts in booms (and we're really not even as hot as we were in 1999) and then have to fire them once bad times start.
we are as hot as we were in 1999 (higher M&A volume), looser credit conditions. They have learned their lessons, and banks are more prepared to be appropriately staffed this time around, but there will still be firings, hiring freezes when the crash comes
That being said, how transferable is the skillset? Exit opps? Would it be smart to go into restructuring now instead of M&A?
depends on what type of restructuring you are talking about....restructuring advisory or restructuring financings (like DIPs).....the latter has the same skill set as LevFin...
How does it compare to mid tier boutique RX places like GHL/Roths/Gugg for career banking?
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