Trending Content - Investment Banking Forum
Career Resources
WSO Free Modeling Series - Now Open Through
August 31, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
Considering it is M&A which is investment banking, I'd say it is a very good first internship into ibanking lol.
Is this at a BB?
not BB but firms such as HLHZ, Moelis, Greenhil, Chanin etc
I like how you just threw Chanin in there.
Would Distressed M&A give you a broader skillset than "vanilla" M&A?
Chanin ranked 2nd for distressed, 2 quarters in a row. I checked the tables for both volume and deals.
My take on that is that distressed M&A is at least as good as M&A or other areas of IBD because you and the team get to work under the lot of pressure to pull off your cases and the dealflow is quite good ATM. Moreover, you will differentiate yourself and if you can hang in there you will eventually access to good exit opps - Buy-side firms like to have someone "who knows what can go wrong".
In any case, the skills are very similar and you will do virtually the same work, with the exception of a few different tweaks in your financial models and you might look at a bit of legal stuff but that's about it.
Now, of course if you want to transfer to M&A after your internship this is a bit of a sub-optimal choice but if you can hang in there for a few years you will be fine..
Hope this helps
would a standard internship in distressed give you at least as much experience, quality and quantity wise, as a regular M&A internship, even though the distressed deals run longer and presumably need more legal expertise/finance experience? Or as an undergrad intern/without prior non-distressed work exp, would you not get as much out of it?
Iste quia dignissimos quasi sit dolore vel optio rerum. Impedit ut quas optio tenetur. Libero reprehenderit tempore consequatur molestias itaque sed in. Nihil cupiditate odit ut dignissimos ipsam ut eaque vel.
Ex possimus sint dolores deserunt rem deleniti rem. Sint iste molestias ut excepturi. Harum inventore asperiores ducimus vel dolore repellendus. Ut dolore facilis sed dolor id iste quos neque. Ipsam facilis odio cum veniam aliquam assumenda est. Voluptatem architecto est atque omnis eaque.
Omnis architecto ab assumenda consectetur. Itaque occaecati et debitis. Debitis minus qui velit et harum nobis omnis.
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...