Jumping from Rx consulting to LevFin
Has anyone, or know anyone, that has made the jump from Rx consulting to LevFin? If so, I would love to connect or be connected to your contact(s). I'm sure this is a very difficult jump and requires threading a needle, but I still would like to learn how someone has done it, if at all.
Rx is interesting, but too operational for my liking. I have great modeling skills, constantly reading credit documents, working with lenders and legal counsel, and reading financial statements. Interview wise, I think I can do well on technicals given my background and I'm decent with bond math (if this would even come up).
I've done an internship at a $1T+ AUM asset manager and spent the summer focusing on fixed income and loved it. No return offers were given so took this job in Rx as I wasn't able to get into banks but I loved the debt markets. I've spoken to LevFin people and I think the job sounds great.
Thank you.
Based on previous WSO threads, here are some insights and advice for making the jump from Rx consulting to LevFin:
Skill Alignment:
Relevant Experience:
Networking:
Interview Preparation:
Transition Strategy:
Resources:
If you need more specific advice or connections, you might want to post your query on the WSO forums to reach a broader audience who might have direct experience with this transition.
Sources: Choosing RX over M&A -- anyone recommend this?, https://www.wallstreetoasis.com/forum/investment-banking/equity-research-to-investment-banking-levfin?customgpt=1, How is A&M perceived in the industry?, Joining LevFin and FSG at this point in the cycle, Q&A: Credit Analyst (Multi-Strat Credit Fund) >$5bn Fund
Bump, have offer for RX consulting but also curious on transferability to IBD-related roles (especially in EBs like EVR, LAZ, HL etc.)
FT or SA offer? If SA, you can re-recruit FT for RX with the story that you want more of a deal / banking experience rather then being in the weeds of the cash flow analysis. If FT, it will be harder to recruit for RX IB. Not sure about other groups.
SA, story is a bit complex but I originally recruited for FT last year where I realised I wasn't cut for it. Extended my degree with a gap year in-between and got the SA offer instead. Especially HL it's very hard to get into the RX SA or FT programme unless you have prior RX background so I feel this is a good opportunity.
Definitely possible, I sit on the buyside investing in LLs/HY FRN’s and one person in my team comes from an RX Consulting background. I’m UK based so he also had an ACA (or what you may call the CPA) and he was able to use that to lateral into an EB’s debt advisory group > buyside liquid credit seat. I think it’s more than possible you have all the relevant skills and knowledge but would require extensive networking and potentially a step back.
Currently in rx consulting trying to move to levfin as well. Made it to a final round this summer for a mm role but couldn’t convert on an offer. Definitely think it’s possible if you network hard and really interview well.
What was the feedback you got? And how many years have you been in Rx?
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