Is it possible to lateral from a Big 4 RX team to a Top RX group (HL, Laz, Moelis, Eve)?
I might join a Big4 RX group in London next year. I am aware that exit ops for people in RX are fewer compared to people working in M&A. However, I would love to join a big RX group (Laz, HL, Evercore, MS, Moelis or Rothschild) after 2-3 years. It is possible to lateral from a Big4 firm to one of this top groups without doing an MBA?
Do people working in RX at a big4 have more chances to land a RX role in a boutique compared to people working in M&A at a BB or a boutique?
Just my 2 cents - I would think this is plausible.
Out of curiosity, is your current role as a banker? I know in the US at least the big 4 firms also do Rx/turnaround consulting type work which is most operational than transactional in nature.
Regardless you should be able to get enough of the technical/subject matter knowledge on the job and if you’re also proactive with networking and seeking opportunities the lateral should be doable.
It is possible and it is very common. It is much more easier to lateral from Big 4 RX group to Boutique compared to lateral from Big 4 Corporate Finance to BB or Boutique for M&A advisory.
Working in restructuring is like working in FIG, it involves a very unique and niche skillset and knowledge. I know of 2 people who used to work in RX at EY in Germany, one of them works at Houlihan Lockey in London and the other works at PJT.
However, you better enjoy working in RX, because compared to M&A advisory or LevFin, your PE or HF exit opportunities will be almost non-existent.
non-existent PE/HF ops from top Rx? Are you serious?
Myb saying "almost non-existent" was going too far. But compared to people working in M&A, people in RX have exit opps limited to distress debt funds or mazzenine funds. I am not saying that someone from RX cannot land a job in PE, but it is less common.
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