Hi,
I’m relatively new to the game. Been reading post in WSP recently and came across RX quite often. From what I understand it’s the financial restructuring group.
During my university and in my country in general it’s M&A that receives all the attention. Other IB divisions are not even spoken off.
However on this forum I get the feeling that RX might be even more prestigious than M&A.
Why is this the case?
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It's more technical so you get a stronger learning experience
M&A is cookie cutter and very easy to understand, Rx is a lot more nuanced.
Don't look at it from a prestige point of view. Rx is more technically challenging than M&A, so it tends to attract a different crowd. The best Rx groups will have better exits than the best M&A groups, but if you're not in one of the top groups you're gonna be limited to special sits/distressed exits.
Would disagree. Got plenty of buyout (both MM/UMM and a few MFs) looks from a so called “bad” Rx group. All about how you sell it
M&A creates the mess. RX cleans up the mess
That’s all you need to know
Rx can create just as much of a mess lmao. The problem with banking is that incentives are often misaligned with their actual client needs. Sometime bankers just try to get a deal done to get paid without any real care what happens because they can forget about it as soon as the check clears. Plenty of restructurings have gone shittily
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