“I found my mentoring session with André very helpful, particularly because I came into it with very little understanding of commercial banking. My background is in life sciences and healthcare, and most of my career exploration so far has focused on consulting. Although I had become interested in commercial banking, I had not previously explored the area in any depth. I therefore needed a clear starting point and an honest conversation about what I should understand before deciding whether to pursue it.
André helped me establish that starting point. The session gave me a clearer way to think about commercial banking, how it differs from consulting, and what I still need to learn. Before the conversation, I was looking at opportunities and wondering whether I should begin applying alongside consulting applications. Afterwards, I understood that I needed to take a step back and make a more informed decision about whether the work genuinely interests me.
One of the most valuable aspects of the session was how it helped me recognise the gaps in my current understanding. I knew that I was new to banking, but I did not necessarily know which questions I needed to answer for myself. André’s guidance helped me think more clearly about where I am now, what I am missing, and what I should begin doing next. Having that direction was useful because it made the process feel more manageable. Rather than treating banking as a broad and unfamiliar industry, I now have a clearer starting point for learning about it.
A particularly helpful message was that I should first develop a better understanding of commercial banking and assess whether I actually like the work. I took away a sensible sequence: understand the area, decide whether it appeals to me, and then, if it does, commit to learning and preparing for applications. If I discover that the work does not suit my interests, I should be willing to recognise that and focus my efforts elsewhere. That advice sounds straightforward, but it was an important perspective for me at this stage.
The conversation made me realise that I should not rush into applying for commercial banking roles simply because I have found programmes that look interesting. Before the session, I was at risk of moving too quickly from curiosity to applications without having a strong enough understanding of the career itself. André helped me see the value of being more deliberate. I would rather make a considered application based on a genuine interest in the work than spend time applying to positions I cannot yet explain my motivation for pursuing.
Another important takeaway was recognising how substantial the differences between banking and consulting can be. Because consulting has been my main focus, it had become my reference point when thinking about other careers. The session helped me realise that I cannot assume banking will involve similar work, suit the same preferences, or require exactly the same preparation. I need to understand banking on its own terms rather than view it mainly as another option alongside consulting.
I also appreciated that the session was useful even though I did not finish it with a final career decision. At this exploratory stage, greater clarity about what I do not yet know is meaningful progress. I now feel better equipped to evaluate my interest, identify what I need to learn, and decide whether commercial banking deserves a more focused place in my career plans.
Overall, André was very helpful, and the session met an important need for me as someone starting with limited knowledge of the field. Its greatest value was giving me direction and encouraging a more thoughtful approach to my next steps. I left with a clearer understanding of my knowledge gaps, a more realistic perspective on the difference between banking and consulting, and a better sense of how to move forward before committing to applications.”
I believe most RX consulting firms have factored in the increase in distressed cases through 2027 in their hiring mechanisms. Personally think the demand has stabilized therefore. The supply is much more elevated though.
Agree with this. Also, “strong hiring demand” is maybe one additional seat. They’d rather just give a bigger bonus to their current seats, and if they don’t, most would just poach.
Associate 1's comments are accurate, and in addition, RX consulting, even more than RX IB, is a "hire small, fire small" industry. They don't suddenly hire more people just because their services have more demand, they just give more work to the people they already have, and give them bigger paychecks. This is why they virtually completely avoided the situation that MBB and strategy / management consulting firms faced recently, where they over hired during COVID, and fired massive amounts in the following years due to lack of enough demand to go around.
It's also a situation where in a restructuring, you don't just mass staff 20 RX consultants on a single deal. That would burn the BankruptCo's cash faster for minimal incremental work and much more toes stepped on. Teams are extremely lean unless it's a very large bankruptcy, and even then it's proportionally small compared to a strategy / management consulting engagement.
Rem omnis libero velit saepe iusto. Explicabo nulla non id consequatur pariatur dignissimos. Tempore id vitae amet aut debitis ipsum. Est voluptas non ut hic. Nostrum aut qui doloremque ut tempora.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...