Exiting restructuring
Just finished an RX internship and will be going back full time. I recall reading in one of the RX guides that it is fairly common for people who start as analysts to exit to distressed investing after making associate or even VP. I’m not sure if I want to stay in IB long term or move to investing, so is that sentiment true? Are RX exits really more flexible on timeline in that way? In contrast I know how it’s harder to exit from M&A to PE after on-cycle analyst years recruiting.
For my office I can say we’ve had 3 off cycle MF exits
As long as you’re at top RX shops (PJT, HL, Laz, Evr, Moe), you have a shot at both distressed/HF and traditional PE. PJT’s program is 2 years and out but others are not, so staying definitely is an option
Do you know what happens when you aren’t at a T1 shop?
FWIW, PJT will let you stay if you want to--almost everyone exits from RSSG because exits are top of street but A2A is pretty much guaranteed if you want to be a career banker
Very flexible, usually 3/4 weeks during summer internship from PJT to go to WP...
Are you unable to read the part where I mentioned at the associate/vp level?
Are you unable to take a joke?
Are you unable to take free advice from someone just trying to help? Great work, intern
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