RX Consulting Internship — how?

Hey all,

For background: sophomore at Columbia, hedge fund and investment fund experience. Find RX to be super interesting.

Would love to get some color on what the processes look like for RX internships at RX Consulting firms like A&M and Alix. I know MBBs and other consulting companies recruit interns through the summer and fall preceding the summer of the program; are RX firms on the same timeline, or a little more accelerated? Do these companies have dedicated intern classes and programs, or are they more one-off/not worth trying for without extensive connections?

Would love to learn anything about recruitment/the intern experience at RX Consulting firms! Thank you all

20 Comments
 

You have a great profile to recruit for Rx — I interned at one of the Big 3 firms and had a couple interns in my class from Columbia with similar profiles to yours.

The timeline is very similar to that of strategy consulting. You’ll recruit early in the summer of your sophomore year for next summer’s internship. Some shops will have interviews into early fall semester of junior year.

I found networking to be very important in the recruiting process since there are so few internship spots (~40 in my firm’s Rx group). Good luck with your recruitment!

 

A&M is pretty accelerated and (2025 intern recruiting was wrapped by may 24) has a more established intern program. Alix more recently started recruiting undergrads, from my friends heading there they interviewed in fall for this upcoming summer.

 

Do you know when full-time timelines are by any chance? I've been emailing so many recruiters from A&M about undergrad nacr and they've never responded. Also, do you know if intern applications be posted on their normal talent pool website or if there's another way they recruit?

 
Most Helpful

I actually went through the recruiting process for both FTI and A&M, and here are a few things I learned; take them as you will.

  1. Between FTI , Alix, and A&M, FTI has the best culture hands down, A&M has the best pay, and Alix has the most prestigious debtor side deals (this is a little bit more spread out between Alix and A&M nowadays but still).
  2. A&M makes you work for the pay, and I mean really work
  3. If you're trying to come on as an intern, by far the most valuable thing you can gain is deal experience and mentorship. To that end, I genuinely believe that FTI has the best learning experience hands down, because given the dog eat dog culture at A&M / Alix, it's really hard to find a) a mentor that can truly take the time to guide you through things b) get staffed on high impact deals c) really understand what exactly it is that you're doing. If you end up interviewing for FTI, one thing that they'll promise is that you'll actually get staffed on live & meaningful deals and be assigned a 1 on 1 mentor, and they keep those promises. On top of that, they do a massive amount of creditor side stuff, and that's the really financially complex work. Once you get that experience, lateral to another consultancy if you want.
  4. Know for sure that this is what you want to do. RX, despite all the people waxing lyrical about it over on this forum, is an incredibly stressful and technical area, considering you're dealing with literal time bombs of companies. It brings out the worst in people, radically different from IB (except RX IB), where you're dealing with happy stuff like IPOs
  5. Rx consulting is an exit, therefore, most of the people you meet will be people with a tremendous amount of past experience. Take time to form connections with them; RX is a small world, and you'll keep on running into the same people again and again
  6. Experience is the name of the game. In restructuring, especially in RX consulting, people don't really care about what college you went to, so doesn't really matter if you're applying from Stanford or University of Georgia, as long as you've got good grades, involvement, a good story & great prior internship / work experience. In a BK or restructuring, what matters is having a tremendous amount of well rounded experience (in the legal, financial, strategy and operational sides). That's why you see a lot of ""non-target"" people in RX consulting - because in times of crisis, what the distressed company or creditors care about is your track record.
  7. As far as timelines go, the other comments on here are spot on

**not related to the post, but in all my time lurking on this forum, I've never seen RX consulting blow up like this lol, at the time of me posting this all 3 of the top 3 trending posts are about RX consulting, as well as 6 of the 10 most active. Wonder why.

 

chose rx ib over rx consulting but i think its a couple things as to the interest now- way more ppl are aware of it at the undergrad level-ppl at my school actively recruiting for it over banking, as well as the increase in firms who hire out of undergrad. a&M/fti+brg/ankura recruit now which is more than just a few years ago. alot of students still want to use rx co to go to rx ib(whether or not they will want to later is another topic) and use this site to confirm it

 

Do you think that'll strengthen or weaken RX consulting's perception in the long run? I guess on one hand it'll make the path from rx consulting to rx ib a well trodden one, but at the same time, will it 'dilute' RX consulting's prestige / prescence, given that traditionally they only hired people with a lot of experience?

 

rx is more accelerated for some firms

a&m will be on your typical IB timeline for ny/chi, fti/alix will recruit much later

outside of the big 3 BRG will open apps around a&m time but will recruit a month or two later, boston+la seem to run later than nyc as well. ankura will recruit later just going off whats on their job board.

i recruited a couple years ago but think this generally holds true, i had underclassmen mentees who went through it at both a&m/brg earlier this year and don't think the other firms have started yet

 
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