Prep for RX SA
Going to an RX group next summer, what're some things I can do now to help me do well? I'm mainly curious about the modeling aspect of things
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Based on the most helpful WSO content, here are some key steps to prepare for an RX (Restructuring) group internship, particularly focusing on the modeling aspect:
Excel Modeling Proficiency:
Financial Modeling:
CapIQ and Other Databases:
Business News and Industry Knowledge:
Networking and Deal Awareness:
Note-Taking and Summarizing Skills:
Training and Responsibilities:
By focusing on these areas, you can enhance your preparation and increase your chances of performing well in your RX group internship.
Sources: Why You Should Consider Restructuring – Common Misconceptions/Insight on RX Groups, Why You Should Consider Restructuring – Common Misconceptions/Insight on RX Groups, Advice on recruiting for Rx groups Post-MBA, How to prepare for summer ASSOCIATE internship, Advice on how to perform well during a virtual summer internship
In my opinion it'd be most useful to understand how the deals could work.
I'd recommend you look at some high profile chapter 11 dockets. In most cases there is a banker, some make declarations describing what they did in the process, all have valuation exhibits (some have details, others don't).
The modeling isn't anything special, 3 statements, sometimes 13-week (but that's more rare), and recovery modeling. Make sure you understand the basics but I would spend more effort understanding why you're doing the things you'll be doing.
Would recommend reading the DS of the mandates ur bank has worked on. Also u could look at application for fees to see which banker has worked on them so u can have great questions to ask when u guys grab coffee.
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