For Distressed/Special Sits - which group is better? GS TMT vs. 2nd Tier RX

Yes, it's another question about exit opps. For those who's interested in distressed credit/pe/special sits, GS TMT (or any other top groups in BB that are known to attract top talents for top exits to buyside) vs. non-PJT/Laz restructuring group (more relevant experience but less known for top exits). I was only thinking about RX groups but was also told that distressed/special sits shops are looking for top talents with less emphasis on level of exact relevance of background. 

What do you guys think?

Comments (3)

  • Research Analyst in HF - Event
1y 

Idk why the previous comment is getting so much MS, but I'd be inclined to agree with the fact that joining a "2nd tier" RX shop would probably set you up better for a distressed / special sits exit. I think while GS TMT is great, you would have to explain your story and deal exp better than if you were already in RX. As long as you can convince the headhunter though, in general you should be fine either way.

  • Intern in IB - Gen
1y 

I think that saying HL is 2tier and distressed investing is shitty is not the best 

  • Research Analyst in HF - Event
1y 

Sit ut sapiente est. Eaque at voluptas eligendi eligendi nihil quia asperiores quaerat. Repellat neque qui ea nihil non.

Start Discussion

Career Advancement Opportunities

February 2023 Investment Banking

  • Lazard Freres (+ +) 99.5%
  • Jefferies & Company (▽01) 99.1%
  • Lincoln International (▽01) 98.6%
  • Financial Technology Partners (▽01) 98.1%
  • William Blair (▲08) 97.7%

Overall Employee Satisfaction

February 2023 Investment Banking

  • Canaccord Genuity (▲04) 99.5%
  • William Blair (▲04) 99.0%
  • Lincoln International (▲09) 98.6%
  • Jefferies & Company (▲06) 98.1%
  • Financial Technology Partners (▲09) 97.6%

Professional Growth Opportunities

February 2023 Investment Banking

  • Lazard Freres (▲15) 99.5%
  • Financial Technology Partners (▲09) 99.1%
  • Lincoln International (= =) 98.6%
  • Jefferies & Company (▽03) 98.1%
  • William Blair (▲01) 97.7%

Total Avg Compensation

February 2023 Investment Banking

  • Director/MD (6) $592
  • Vice President (25) $422
  • Associates (137) $262
  • 3rd+ Year Analyst (9) $194
  • 2nd Year Analyst (80) $172
  • 1st Year Analyst (258) $171
  • Intern/Summer Associate (42) $166
  • Intern/Summer Analyst (186) $91