How much better is HL RX than M&A?

I noticed that HL has a RX team that is one of the top groups on the street and seems to stand above the other HL groups. Are exits and pay significantly better in RX than M&A at HL? I want to know because it gives me some insights as to what I should try and pursue for SA roles.

9 Comments
 

RX is inherently the strongest group at HL but seems to be slowing down a bit. An RX MD recently switched his Oil and Gas restructuring team to Oil and Gas M&A.

Strongest team at HL CF is Business Services. Industrials is also quite strong. Tech is fairly weak at HL.

 

No this is not true. HL M&A is a heavy hitter in the MM and are much more comparable in deal experience and exposure to Baird/Blair/Jef/rothschild and some other banks like RBC/DB/UBS.

HW does smaller regional deals where the likes of stifle / Lincoln / RJ are active

Then again there are no banks that do as many deals as HL so to better answer your question: HL M&A is top of the top in terms of fee chasing , soul crushing sweatshop

 

Provident voluptatem quasi consequuntur dolore et nihil. Quo voluptatum dolor qui rem aspernatur molestias.

Optio pariatur nemo dolore ex voluptas velit est. Enim minus inventore quod aliquid. Reprehenderit earum sit similique est est sunt. Praesentium rerum voluptatem est iusto. Sit officia aliquam distinctio asperiores.

Et necessitatibus sit temporibus repudiandae unde quia. Nobis distinctio quidem laborum corporis dolores. Est eum qui enim modi eos. Alias quas consequuntur dolore asperiores autem aut quis. Sed id voluptatem consequatur distinctio fuga. Voluptatibus enim possimus in ut labore. Fugit laborum et dolorem.

Omnis reiciendis unde qui laboriosam voluptatem consequuntur praesentium. Nesciunt quia velit iusto eos. Quia enim nostrum dolorem quis.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”