RX Roles Worth It?
rising soph ivy (brown/dmth/cornell). RX realistic if I start grinding now? The work has always interested me much more than regular IB. Is the extra studying really that much? I heard school matters much more for RX roles. At that point is the extra networking and studying worth the trade-off from just sticking regular coverage or industry groups if I'm going to be beat by HYP sweats, nepo, diversity (GWI)? Would appreciate any thoughts or advice.
Posted because of recent RX post about RX being sweaty
TLDR is it considerably harder enough to justify not spend time recruiting from lowish-mid ivy
RX has been shifting away from only top target schools across the board (check out EVR/PJT/GUGG summer analyst classes), so def not impossible. Given ur at a low-mid ivy, the door is wide open for you.
Contrary to what ppl on this forum say, it is not that hard to study for RX, especially if you’re already studying for M&A (by which I mean know basic of acct. and fin.). Would recommend you check out the guide that is dedicated for RX (just google “RX interview guide”). It’s like $30-40 and gives u more or less every question you will be asked in ur RX interviews (besides the deals u have to read about). That guide + regular M&A studying takes 1 month max, so not rlly a lot for extra over gunning for a top coverage group.
No matter which group you go for, if it’s one that’s worth being in (top tier exits, interesting deal flow, top pay, smart seniors/colleagues), it’s going to be sweaty. If those things are not for you and you want to optimize for smth else (i.e. WLB), don’t try for RX groups or any other top groups.
helpful
any info on the SA class school lists for the above?
was a post a few days back about PJT RSSG class (something with harvard in title).
If ur interested, then it’s worth it. If ur only in it for the exits, all this extra shit you have to learn is not worth the incremental exit ops
Congrats on Brown (a REAL ivy league on par with Dartmouth and Cornell)
Spend the next few weeks of summer learning about credit and purchase the "Rx interview guide" like the other user mentioned. In my opinion, you should only pursue Rx if you have an interest in credit. It will make your life and studying 100x easier.
Obviously top Rx groups lend themselves to top PE buyout/credit/SS exits... as you move down the chain from top shops/brand names however, the best exits will be in credit roles. If you like credit you won't really care. But if you're gunning for M&A and PE it's probably easier to just do coverage or M&A banking to start.
You have nothing to lose at this point. Just purchase the guide and read up on the HL case study/other Rx content to see if it's your thing. Make a committed choice to recruiting for Rx by September assuming intern apps open before the New Year.
Wishing you the best. Feel free to PM
Was in the same position as you last year and attend one of those ivies. I landed a top rx group but gave it up for an m&a group. Happy to help tho since I went through the rx recruitment process so feel free to PM.
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