How many restructuring summer analyst spots total?
How many nyc restructuring summer analyst spots do you think exist across the street for undergrads? I think a couple hundred like (150-250) is pretty reasonable, but I'm wondering if I'm heavily lowballing it. There are probably 15-20 major restructuring practices, and then maybe a couple more boutique practices I don't know about. If each one has around 5-10 spots per summer, then 150-250 seems like a reasonable number. Curious to know what the right answer is.
Based on the most helpful WSO content, your estimate of 150-250 restructuring summer analyst spots across NYC for undergrads seems reasonable and aligns with general expectations. Here's a breakdown to support this:
Major Restructuring Practices: There are approximately 15-20 major restructuring groups, including firms like Houlihan Lokey, Evercore, Lazard, PJT Partners, Moelis, and others. These firms typically have robust restructuring teams and may offer 5-10 summer analyst spots each.
Boutique Practices: Adding smaller boutique firms and specialized restructuring shops, there could be an additional 10-20 firms, each offering 2-5 spots.
Spot Estimate: If we assume 15-20 major firms with 5-10 spots each, that gives 75-200 spots. Adding boutiques with 2-5 spots each could contribute another 20-50 spots. This brings the total to roughly 150-250 spots, which matches your estimate.
While this is a reasonable range, the exact number can vary year to year based on market conditions, deal flow, and hiring trends. If you're targeting these roles, it's crucial to network extensively and apply broadly to maximize your chances.
Sources: 2020 Full-time IB Analyst Recruiting, All Citi Summer Analysts 2020 receive full time offer, 2023 Sales and Trading Summer Analyst Salaries (NYC), Hiring Two Underwriting Analyst Interns This Summer in D.C., What are the top restructuring/distress debt advisory teams on the street for 2020 Summer Analyst recruiting?
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