sophomore recruiting for HL M&A (corp fin) and have seen that it isn't nearly as well regarded as the restructuring group. Why is the gap so large compared to other banks (like how can the Rx group be that much better)? And is HL M&A still a good place to go for buyside?
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Because RX is the best group at all banks - I love RX btw
this is probably due to the roots of how HL started, which was a valuation shop and strong restructuring arm. Over time they added m&a but CF has remained a MM volume mill while rx historically was a top 2 platform. Most other banks that do Rx are EBs that then built out a Rx arm, so their m&a groups are seen as much more prestigious than HL
very helpful, thank you. do you think the restructuring group is sort of looked at in a negative way because of M&A being a bit weaker?
Two totally separate products, one’s reputation does not represent the other. Like comparing apples and oranges
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