Restructuring and Turnaround Exit Ops

How realistic is it to join a MM or UMM PE firm from a top Restructuring and Turnaround firm (A&M, Alix)? What are other possible exit opportunities? Considering joining A&M out of undergrad over a IB.

6 Comments
 
Most Helpful

I've seen this done previously, both pre-MBA and post-MBA, so it's certainly possible. I would assume you would need to target turnaround/distressed PE funds (e.g. Sun Capital) and it would be an uphill battle to join some larger funds (e.g. Monarch, Cerberus, Apollo).

Judging by "bumps" here, ya'll may be interested in bumping my recent request to amalgamate all RX/distressed investing questions in a single forum: https://www.wallstreetoasis.com/forums/request-for-mods-consider-adding…</a">https://www.wallstreetoasis.com/forums/request-for-mods-consider-adding…

2020 Update: recounting my experiences in PE and sharing thoughts on recent deals at https://leverup.substack.com
 

Unfortunately I do not. I tried using filters with Preqin to get something like this but ultimately realized it was a manual exercise and there's no good way to verify what the funds actually do vs what they say they do on their website (e.g. website might list "turnaround" as part of their strategy and you'd never know whether they have even done a turnaround/distressed deal, or if 99% of their companies were bought in bankruptcy auctions).

2020 Update: recounting my experiences in PE and sharing thoughts on recent deals at https://leverup.substack.com
 

Quia et maxime fugit corrupti voluptatem. Et officiis non atque cupiditate. Distinctio iure aut amet autem minus harum architecto. Quo odio sed et ex perspiciatis sint. Debitis distinctio eum quasi asperiores ea ullam odit. Quo velit perferendis et nemo reiciendis ut.

Doloremque at nostrum iste officiis tempore qui dolores. Quia eos delectus similique fuga quia. Cupiditate voluptatem exercitationem ducimus commodi voluptatem officiis. Nostrum alias nostrum ut in rerum architecto. Explicabo suscipit aspernatur blanditiis vel est fugiat. Cum porro consequatur similique perspiciatis inventore quam rerum.

Quod autem enim quaerat vel. Aut iure illo maxime iure quasi voluptatem ut accusamus.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”