T2 RX shop exits
So ya boy is officially working on wallstreet, but I’m interested in leaving my shop and going buyside next year. Not a HL,Roth, PJT, MOE RX group, but still has a brand name
I was interested in going into distressed to control PE, but I just wanted to ask what my chances are. I come from a nontarget (state school) so I am a bit worried about the whole prestige thing. I like the work and don’t really care about the prestige of things so I just wanted to ask if distressed buyside shops follow the same rules as normal (prestige for MF, Lots of hard work and good grades for Umm etc).
I took the gmat senior year of college and got a 760, and graduated with a 3.71 gpa if that helps.
So are you at a PWP/GHL/JEF/Piper/Baird/Roth?
Yeah exactly!
So are those rx shops considered in the same tier? I thought at least some shops are considered better than others in that list.
I think the primary difference is volume vs deal size shops, and specialty. Also, I know that some groups really work with UCC mandates and Chapter 11 Bankruptcies while others really try to focus on the liquidity issue stage before all hell breaks loose.
Honestly I'd prefer to work at a bank with a shit ton of deal volume instead of a shop that has a few big cases but thats just me.
I mean JEF/Piper/Baird looks a bit worse than others on the list
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how's greenhill and rothschild?
Can speak to greenhill. Exits quite strong with SS players like 3 to sixth street analysts, Oaktree SS, Ares SS. Pure credit in BX Credit, and vanilla PE jn Lindsey Goldberg, MDP. This is of the 10 that went on cycle last 2 years. Not sure about the remaining couple, but considering 6 person analyst classes pretty strong exits and definitely get looks for SS players. Main thing that would be difficult to land is MF PE.
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From my personal experience recruiting, landing the first rounds at those shops with the brand name bank / good enough undergrad is not a challenge, but the interviews themselves are. prep a lot by doing throwaway interviews at places you don’t care about or don’t fit your exact ideal strategy first. Otherwise you’ll get roasted and lose out on your top choice shops. The standards for the special sits / distress for control PE funds’ first rounds are extremely high. Happy to discuss further in dms
where r u exiting
Interested. Can I DM you?
Made a throwaway account - feel free to dm me here
How easy will it be to go from SA at a GHL RX / Rothschild RX to a tier 1 shop FT (pjt/evr/laz) coming from a non-target?
Would be shocked if you didn’t get first round interviews at whatever buyside shop you want. After that it’s up to you to nail the interviews
Can attest that you will get interviews / looks at those shops for full time recruiting. Converting comes down to interview performance and luck both in interviews and if they have spots. Trend of more people going bayside out of UG leads to vacancies in these top groups.
How are Rothschild USA exits?
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