HL RX vs Mid-BB Exits

Apologies for another thread on PE exits. Would love to know how HL RX exits into high-AUM PE compares to the placements of mid-BB groups (Barclays Industrials, BofA FSG, Citi M&A) and firms such as Gugg or GHL M&A.

Thanks!

15 Comments
 

HL Rx exits can be good if you take a look. However it's not a straight shoot to Mf. The group sizes are huge as Houlihan, they have like 5 offices with 10-20 analysts each. This means that your deal flow might not be super good depending on staffing. Would probably argue BofA FSG has better exits than HL Rx but both strong.

 

This is simply wrong (at least for the NYC office). Intern classes are anywhere from 8-11 people (last 3y), of which only around 50% return- the other half goes straight to buy-side analyst programs (last year, they had 2 people going to WP, and one to BX for FT) or firms like Qatalyst.

Deal flow does not matter for on-cycle recruiting post-covid, since headhunters start reaching out to first-years before they reach the desk. The main proxy for MF interviews are group selectivity, resume (GPA), and school, and I would argue that HLRX is significantly more selective than any of the mid-BBs (at least for NYC).

For example, last year they had two people going to APO HV - especially on a per-capita basis, exits are better. Hope this helps.

Disclaimer: I did not intern/ work there, but I am an incoming FT at a comparable RX group.

 

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