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It sits within Lev Fin, it is very top-heavy, has under 15 professionals in New York and under 20 in London. Obviously restructuring is heavily restricted for all the BBs given the conflicts of interest; from what I have seen, it is usually restructuring financing (similar to JPM's restructuring group that sits within Lev Fin there) rather than classic advisory like you'd see at one of the leading boutiques (BX, Lazard, Evercore, HLHZ).

I am permanently behind on PMs, it's not personal.
 

Agree with APAE. You should think of it more as a Levfin gig with some specialized financing. The team there is a great group of people, but Goldman's balance sheet is a little limited when it compares to the big dogs in financing.

 

How accurate are economists projections...ever?

From what I have heard, banks have learned their lessons in the 2000-01 recession and no longer hire way too many analysts in booms (and we're really not even as hot as we were in 1999) and then have to fire them once bad times start.

 

we are as hot as we were in 1999 (higher M&A volume), looser credit conditions. They have learned their lessons, and banks are more prepared to be appropriately staffed this time around, but there will still be firings, hiring freezes when the crash comes

 

That being said, how transferable is the skillset? Exit opps? Would it be smart to go into restructuring now instead of M&A?

 

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