Wtf is Restructuring???
Applied to a Restructuring IB Summer 2026 position cause someone told me smart people do it. Now I have an interview in 4 days and I still don't know what restructuring is. Why do people care about it, what makes it interesting, and are there specific questions I should look out for?
Restructuring in IB involves helping companies that are struggling financially or facing bankruptcy. Think of it as a financial "doctor" for businesses. When a company can't pay back its debts or is losing money, investment bankers step in to:
1. Diagnose the Problem
2. Create a Recovery Plan
3. Negotiate with Stakeholders
4. Guide Company Through Bankruptcy
YW, LOL!
Respectfully, you are cooked if you don’t specifically prepare for Rx technicals
Everyone’s unintentionally getting Rx interviews but I’ve specifically recruited for it and have nothing 😪😪
Rx is a financial advisory service by smaller banks/EBs (these banks don’t have trading desks, banks w trading desks like BBs can’t have Rx groups because they can’t legally restructure debt that they’re also trading). It is a capital structure solution for companies who have distressed debt and need a capital restructuring. It used to be very Ch11 bankruptcy focused, but nowadays you’ll see firms advising on stressed debt and providing proactive solutions. It’s a super cool industry + recession proof. Keep in mind that Rx interviews are known to be extremely technical and Rx focused; the bankers I spoke with recommended both the standard WS 400 questions ALONG with specialized Rx interview questions that you can find online. Good luck! Let us know how it goes
Hardo!!!!!!
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