Student at a west-coast semi-target here. Considering applying to Houlihan Lokey's restructuring group in LA. Was wondering how it compares to top east coast RX shops, in terms of exits etc.
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Ik that every year a few of the summers want to transfer to the NY office
Is that a possibility? I would doubt it.
Yeah. It happens every year.
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Is it worth going to a NY BB/EB for M&A instead?
Depends if interested in RX or not. If not interested in RX, then my question would be why would you want to toil away for 100 hrs a week focused on a product that you're not interested in. Any EB/solid BB M&A group will provide the same exit opps as HL RX(besides credit focused ops). Exits are much more based on personal preparedness and self section than commenters on WSO gives it credit for.
Flat out incorrect, the culture is surprisingly laid back on any measure and the hours aren't that bad unless you're in a situation like mid-2020 COVID
You think it's a good group to be a part of? Would you take it over a solid BB/EB offer in SF?
What are the exits like? I was confused because I saw a wide range. From Silver Lake to Oaktree to Ares to LMM PE.
What’s the seamless for this group lol
Previous comments in past threads have said 75
75 a day just for dinner?
That's what I've seen but that's so hard for me to comprehend lol. Do people just get two meals every time??
75 a day ?!?
Strong group, generalist focus but have picked up some healthcare/retail/media mandates as of late. As echoing above, exits have been weird from this office- a lot of media corp dev, media general and some to MM/LMM PE. Definitely not the same NY prowess, but still solid. A couple recent exits were at Ares LA/Oaktree (not sure of group), and historically one analyst went to SLP. Not sure how they are perceived by HHs, but if you work hard then the typical Rx exit opps should be available. However, very sweaty culture, and a lot of analysts quit before the 2 year time horizon.
Might have to do some more work with HHs if you want NY exits, but you'll definitely get good credit/distressed opportunities if you're prepped and have a genuine interest in the space (assuming you do, because why else do RX)
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