First round Interview at PJT (BX) RSSG and HL RX

Does anyone have some insights into what top RX groups' first round interview look like at associate level? Are they different than general boutique banking interviews (some fit + difficult technical)?

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I'm not sure what it's like at the associate level but I'm familiar with the analyst process and I imagine it can't be much different for associates. I went through the IBD SA process and am going to HL RX this summer. RX interviews tend to be more technical in nature compared to M&A interviews.

For HL RX, first round is predominantly fit with a couple of technicals and other questions to gauge your interest level and how much you know about the restructuring industry. The HL RX superday depends on the office (some have 7-8 interviews and some have 4-5 interviews) but is heavily technical (70% technical and 30% fit with each interviewer) with a lot of multi-step accounting questions, capital structure questions, and general IBD and RX specific technicals. You really need to understand corporate finance, valuation, and general strategy type (i.e what would you do in this situation) questions to do well in their interviews. From my experience, they throw a lot of out of the box questions at you that's not really found in the guides but at the same time you don't get the sense that they are trying to grill you.

Didn't go through the PJT RX process myself but heard from a friend that the first round and superday is more fit than technical since they are trying to establish a culture at this point, but you will still get some tough technicals your way.

 

Yes, that's allowed. I go to school with good finance curriculum so I learned a lot from classes but I also did a lot of self-study by reading a lot of RX related books and articles which helped a little.

 

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