RX, PCA, or M&A
Would love to get some color on differences on day to day work, skill set, exit opps, and which is better to recruit for
Trending Content - Investment Banking Forum
| +413 | Change My Mind: Banks Shouldn’t Hire Foreigners at All | 111 | 2h |
| +208 | Article - UBS’ Investment Bank Keeps Losing Ground | 34 | 11h |
| +103 | Don’t work at UBS - UBS Sucks | 13 | 1h |
| +80 | An Exhaustive Guide: How to Solve Every Single Accretion/Dilution Question | 7 | 4h |
| +52 | When to Leave Office as Intern | 6 | 32m |
| +43 | Best IB Group Overall? | 25 | 1d |
| +34 | Would you rather be a Touse Squid or a Bouse Mogger in IB | 2 | 2d |
| +31 | What do you say to ppl who don’t know EVR/LAZ/CVP/PJT | 22 | 1d |
| +31 | STEM student lost in London IB recruiting | 17 | 21h |
| +20 | Still recruiting SA'27 | 13 | 20h |
Career Resources
What are your interests in working banking is it for exits???
If so go M&A and only go RX if distressed debt/special sits interests you. You can get secondaries exits from M&A
I’d say my interest are more so skillset than exits.
M&A (focusing on coverage/industry groups) = more focus on client work (developing relationships w companies / PE firms by putting useless decks in front of them); potential to start developing industry knowledge (buzz words, themes, typical comps, etc.); depending on group, can be less modeling intense (reliance on dedicated modeling team / cookie cutter shells that u punch assumptions into)
RX = no industry expertise, little to no client work (only pitch when actionable), tends to be more technically rigorous / modeling intensive experience (deal with different instruments, more variety in deal types, etc.)
Chose M&A of u want a head start on a specific industry or distress/ credit essed bores u (which it does for many ppl); chose RX if u dont like a specific industry and want a more technically intense training experience (and like/ don’t mind distress/ credit)
Little to no client work for rx is not accurate, depending on firm and side of the deal you could be speaking with management/investors (and other professionals) on daily basis.
Distinctio officia sequi enim cumque culpa. Dolorem quo vitae vitae laboriosam quis consequatur. Aspernatur asperiores nihil ex.
Magnam ab perspiciatis sint quos est ut. Nulla minus id sunt inventore ea eos. Et autem nostrum distinctio repellendus aut amet. Ut quasi veritatis aspernatur nobis. Culpa laborum similique et eum.
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...