Restructuring worth to join?

I had some M&A internship experience from 2 top house (GS/ MS/ Laz/ Eve) and got return offer from one of them. Recently I found my interest in distressed investing and considering if Restructuring would be the better way to start, as I could go for distressed investing while M&A exits are still possible. I received the offer from a reputable restructuring firm (could imagine PJT/ HL/ Moe).

I don’t have experience on restructuring, but it looks interesting and offering good exit. The salary is similar so not a big concern. Any thoughts are appreciated.

6 Comments
 

Depends what you mean by M&A exits. If you’re interested in credit/distressed, RX is hands down the way to go, but if you want to go into something like VC or GE, I believe M&A will set you up better (personally idk anyone who made the move from RX, but nothing is impossible). Ik a couple people who went from RX to MF too, usually in a credit/hybrid group but also a few buyout.

 
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are you in London?

In NY if you actually have a PJT/HL offer for RX in NY take it and don't look back. Unreal experience and exits. Moelis is generalist but I hope you know this if you have an offer. 

Given your timeline, I assume you are in London and this makes it a tougher decision. PJT is generalist there while HL is still only RX so they offer different value propositions. It really comes down to personal preference and willingness to give up the BB name. If you are comparing just two boutiques and you are interested in rx the decision should be easy. What I can tell you is that here in the US, people would take these rx offers over GS/MS but I understand that the situation in London is a bit different; 

Overall, you have amazing offers in hand. Decide how much you care about the BB name and how much you like RX/SS/Distress

 

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