Why RX
Hey! I’m just curious as to what motivated some of you to pursue RX instead of, let’s say, M&A. Thanks!
Trending Content - Investment Banking Forum
| +270 | Why UBS Is the Worst Place to Start Your IB Career | 42 | 2h |
| +220 | UBS 2nd Year Analyst Q&A (2026) | 41 | 1d |
| +137 | UBS IB 26Q2 a Disaster! Advisory Revenue Down 23%, Capital MarketsDown 5% | 19 | 5h |
| +105 | What's your craziest "hardo" story? | 18 | 18h |
| +93 | Downfall of Qatalyst | 21 | 16m |
| +81 | Lincoln International Return Offers | 26 | 2h |
| +57 | Wolf of Wall Street vs. Reality: Anyone else feel scammed by the movies? | 19 | 1d |
| +55 | Elite Boutique interview questions | 17 | 2d |
| +43 | so confused about 28 SA timeline | 30 | 1d |
| +34 | Rate my non-target resume | 19 | 21h |
Career Resources
Following
$
A few reasons:
1) Your work is typically necessary to keep the company alive (for example, with a DIP or rescue financing), at least in the short-term, while M&A generally just allows sellers to realize value and buyers to pursue longer-term strategic/investment objectives.
2) Deals are more likely to actually close since the status quo is often not sustainable. I’ve seen quite a few M&A processes where the bankers go through all of the motions only for the sellers to decide at the last minute that they don’t like the price (or even some very insignificant aspect of the deal). In an Rx or distressed financing situation, the company often does not have the luxury of being overly picky or backing out.
3) There’s generally a larger deal strategy/game theory component. A restructuring is essentially a zero-sum game where you’re reallocating value among various existing stakeholders, unlike in M&A where a buyer can overpay and chalk it up to synergies.
4) There are far fewer bankers out there that have significant Rx experience than there are with M&A experience. This could be more of a point of personal preference, but if you appreciate the value of being a specialist and having more esoteric knowledge, it’s probably a benefit.
Pariatur voluptates recusandae iure ullam ratione voluptas sit. Voluptatem aut odit quidem quia velit ea. Ullam corrupti doloremque sint est iusto. Quia iste dolore deserunt deserunt voluptas.
Et non libero dolorum sed. Unde voluptates itaque consequatur et at omnis possimus. Qui optio eveniet excepturi quasi harum est. Dignissimos asperiores labore qui et. Autem iure voluptatum qui voluptatem et modi qui. Et quaerat perspiciatis provident porro pariatur. Minus doloremque voluptas enim numquam eligendi.
Ipsam et officia ut qui. Vel quas magnam sunt. Omnis culpa sunt id ea dicta. Pariatur a quia non quisquam minima vel expedita. Et fugit et autem tempora et et nihil.
Dolores natus fuga velit eius asperiores quod voluptas. Itaque consequuntur id et quis deleniti delectus optio. Sint nihil voluptate esse. Et perspiciatis optio enim magni sed. Vel a odio voluptas.
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...