Restructuring vs M&A/Coverage groups
generally speaking what are the differences in terms of career progression and which is more lucrative comp wise? does rx basically silo you to a career in banking or exiting to credit PE/distressed funds? Obviously there isnt a black and white answer, just wanted to hear perspectives
Also interested
RX definitely doesn't "silo" or limit you. In fact a lot of RX bankers end up being pretty successful in PE recruiting because they have worked so much with debt (the "L" in LBO) and tend to have good technical/modelling skills. At my bank we have had multiple recent analysts head to MFs and Upper MM PE firms. I don't think there is a big difference (if at all) in comp; if anything RX is great because you reserve the optionality to move into either PE or DD depending on what you gravitate towards / what is better at the time.
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