Gap between HL M&A and Rx

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?

5 Comments
 

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? 

 
Most Helpful

Two totally separate products, one’s reputation does not represent the other. Like comparing apples and oranges

 

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