Haven't been on here in a while, and going through the different forums (IB, Consulting) etc, literally every one has multiple posts about RX. Is the economy that bad or did I miss something on here in the past year or so? Hopeless cause but anyone care to elaborate why the sudden massive interest?
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Pushing this up for visibility
RX most hardo group. WSO most hardo outlet for people recruiting. Combine together, lots of posts on it.
Also pretty much every bit of info about the industry has become democratized in past 4-5 years (rx interview guides, pari passu, gatto / credit investors handbook, Moyer). Compile that with so many banks having 1-2 chat policies / people able to cold apply and interview means you have the most competitive processes with very little nepo / info asymmetry between applicants, so everyone wants it and not many get it. Think that’s why it’s become so desirable recently
Agree on seeing a lot more posts about RX consulting over the past 12-16 months. I'm at a smaller restructuring consulting shop, and the monthly networking requests have almost quintupled, and I'm not exaggerating.
As far as why the increased interest surrounding turnaround consulting, I personally think it's a function of the current economic condition, and the secret's out about the potential compensation the career can provide, relative to the hours worked and better off culture. Exits could play a role as well, but surprisingly the calls I've had have been with people in IB or PE who are looking to go terminal here, at least according to them. Am tempted to give them the benefit of the doubt.
As Intern in IB said - RX IB seats are the most sought after (besides buyside) by the sweatiest people at the top schools. WSO is just an outlet that allows them to place it above BB/EB groups that everyone knows (not just finance hardos)
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I think you responded in the wrong post lol
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