does restructuring pidgeonhole for other ib groups?
Currently a sophomore with a summer 2019 offer for a small rx boutique(not EB), and I was wondering how this will impact recruiting for summer 2020 if I want to go into groups like M&A, FSG, or just other coverage groups that do EBITDA style valuation(healthcare, consumers etc). FWIW, the rx MD said my job will be doing a combo of Restructuring, Distressed M&A, and Financing.
I have a few other non-rx boutique offers that I don't mesh with the culture/location as well, but I'd take those offers it meant keeping my options more open.
Thanks in advance
PM’d
You’ll easily be able to move to other groups if this is only a sophomore a internship.
Agreed, but do you also think the work done will be too niche to help actually perform in another group? It wouldn't be much for me to take a vanilla offer for the summer instead of rx.
It’ll be good experience for any group, and certainly much more helpful than vanilla ib if you interview for a role that requires more technical skills. Based on what you’ve told us, I would definitely take this over the other offers.
If your aiming for M&A, FSG, or coverage, I’d take the traditional IB offer. Nothing against RX, but the traditional IB would offer more transferable work. In the distressed space, you’re often working with private companies with little comparables, so working on trading comps or deal comps is more rare. Even DCFs are rare. Obviously a case by case basis, but a lot of time is spent working with bankruptcy courts (for a ch. 7 vs 11 process).
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