I am currently a rising senior at a large state university with a background in a T2 strategy shop looking to go MBB for FT. I recently received an offer from one of the top shops for restructuring and are now torn between consulting and restructuring. Does anyone have any insights into the long-term opportunities or developmental differences between consulting and RX?
Trending Content - Investment Banking Forum
| +236 | Who Killed Wall Street | 65 | 2d |
| +194 | Worlds Worst MDs Competition (2026 Edition) | 45 | 3h |
| +137 | Only Indians cold emailing | 45 | 2h |
| +125 | Lindsay Clancy - Thoughts from A2 | 22 | 3d |
| +84 | UBS Healthcare | 38 | 2h |
| +51 | Shana tova - happy new year | 7 | 2h |
| +48 | NYC Wall Street Run Club | 13 | 11h |
| +48 | More diversity needed in the industry | 11 | 22h |
| +43 | EB (EVR/CVP/LAZ) vs MBB (Bain/BCG) | 22 | 5h |
| +36 | Did My Team Set Me Up to Miss VP? | 19 | 49m |
Career Resources
I just finished up a summer at a top 3 RX firm (Alvarez & Marsal/Alix/FTI) so hopefully I can provide some insight. Long term opportunities would be more open with work experience in strategy than restructuring. Restructuring is a fairly focused industry given the nature of the work and the skills you learn. Many RX professionals stay in the industry for a long time (some for their whole careers) because of this. From a career development/learning perspective I would expect that you will learn a broader variety of industries and business problems doing strategy than RX given the focused nature of it. That being said, comp can be very good in RX (especially at A&M, see other discussions in the forum to find a detailed breakdown of that) and it's a counter-cyclical industry, which could be very good for deal flow/job security in the upcoming years. If you feel that you have a good chance at MBB or can return to your T2 I think you should pursue that unless you're passionate about working in RX. Exit opps will be better and if you're unsure of exactly what you want to do it makes more sense to choose a firm that offers a wider breadth of experience and a bigger brand name.
Do you have an opinion about the Turnaround business lines of MBB?
I don't really know how/at what level they compete with RX firms or what kind of dealflow and prestige they have. I know Jay Alix has sued McKinsey's RX arm several times lol. From what I've heard they don't do the same kind of work as A&M/FTI/Alix. Those firms focus more on the finance/accounting aspects of RX like representing/working with debtors and creditors in the deal where McK would advise more on how to layoff, next steps, etc. I think I've seen some threads on here that discussed MBB turnaround, those may be worth checking out
Ut deserunt delectus eius debitis nulla asperiores. Ratione quas voluptas quas magnam sunt. Voluptatem temporibus illo totam est est corporis. Sapiente eveniet et itaque qui.
Laborum aspernatur cupiditate nemo sunt quo dignissimos voluptatem. Ex officiis est qui excepturi sed consequatur consectetur et. Voluptas consequatur architecto ut blanditiis itaque ipsam consectetur. Dignissimos eveniet consequatur qui rerum. Quae exercitationem blanditiis et unde vel rerum tempore. Minima neque nobis explicabo fugit quibusdam quis. Quibusdam doloremque quis quasi quisquam.
Deserunt nemo perferendis voluptas accusantium eveniet soluta. Quia eos laborum ad rerum eveniet harum. Amet officia accusamus ut necessitatibus beatae voluptatem reprehenderit rerum. Sapiente adipisci est voluptatem at ex.
Quia et quos rerum. Earum necessitatibus placeat numquam sequi sequi error molestias consequatur. Ullam laborum sapiente ut architecto cumque sunt libero.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...