Can anyone provide some insight on Berkeley Research Group’s Turnaround and Restructuring team? My takeaway is this seems to be a fairly technical and finance intensive team and consulting role. Curious what the exit ops look like especially into things like RX banking or distressed investing.
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Well known Tier 2 firm, founded by ex-FTI ppl primarily. Big in the retail space, good culture and WLB, comp is on the lower end though. Unsure about exits because their intern program is relatively recent; they used to hire majority experienced professionals. Regardless, you'll work on some pretty notable deals there.
Bump, I'm interested in this too!
BRG is a very reputable T2 RxCo shop. I believe they are primarily debtor-side, but I am not sure how much creditor-side work they are doing now. This would be a fantastic internship as most RxCo firms don't have college internship programs or hire right out of undergrad, except for T1 firms and even then the pool of open spots is very limited.
There are a lot of threads on WSO about this, but RxCo itself is considered an exit for a lot of people. But if you are set on IB, it is feasible to exit to Rx IB (excluding PJT/Evercore) from a T1/T2 RxCo firm. It is not a true pipeline to IB by any means, but it is not unheard of to make that jump. I should also note it is not uncommon for people from IB to also make the jump to RxCo.
On this note, will say that I’ve seen quite a few IB exits from BRG’s NYC & Boston RX groups (namely to HL RX, RJ RX, PJT RX, UBS LevFin). Still surely not a structured pipeline, but definitely doable.
Looking at OP's post history, pretty sure that they'll be coming in at a lot more senior level than an intern lol
For context, I am currently at the associate level in a Corp Dev M&A role, so this would be to enter in at the consultant level, not an internship.
Regardless of level, it's a great firm. Since you're coming in at a higher level, you'll be spared from the vast majority of grunt work, and will be doing actually "interesting" work. Virtually everyone in the RX / SS world knows who they are, even if they're a T2 firm. Are on some pretty notable deals, and the added benefit of being both a debtor and creditor shop so if you get tired of debtor work down the line the jump is more straightforward. Comp, as others mentioned on here, is lacking, but it's made up for by better WLB. As far as my interactions have gone, the people there are very nice.
The work is, as you've probably guessed, very technical, among other reasons in the sense that you've got to force unrelated / uncooperative data to work together and tell an ironclad story. Different from building LBOs / merger models etc. Some people love it some hate it.
Sorry I saw another poster at the top mention the internship program and assumed, incorrectly, that was the situation. But even at the consultant level, my opinion is still the same. It is a very good firm and would be a great opportunity. Exits would be good and you may even decide you want to stay for the long term.
Re: excluded exit opps - Unsure about broader stats, but personally have seen a number of moves to PJT/Evercore from RX Co.
OP - So don't count yourself out of the running, OP.
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