They don't. We don't really have the same restructuring scene as the US. Over here, restructuring is almost fully done by the Big Four accounting firms, who serve as bankruptcy trustees. Our system is just built differently. For some mega-bankruptcies, or cross border restructurings, some boutiques like Greenhill TO will get to work on them, but there is definitely no dedicated restructuring related role here.
If you want a more pure RX experience, you could try the RX consulting firms, like Alvarez and Marsal or AlixPartners. I believe they focus more on the operational/strategic side of restructuring rather than pure financial restructuring, which IMHO is very interesting.
Otherwise, there really isn't much you could do related to RX here. Buyside opportunities are almost non-existent (heck, its even difficult to find a HY debt related role here, let alone distressed debt investing). Maybe bankruptcy law?
Well, looks like I'm going to the US for my masters/mba.The only one I've seen is KSV advisory, which was apparently a part of duff and phelps before. You have any insight on them?
Not really many insights. The largest CCAA bankruptcies here are almost exclusively worked on by the Big Four or Alvarez/Alix. I doubt KSV is gonna be paying you much lol. If I had to guess, out of uni it would probably be like above 50k but below 90k. That's borderline poverty comp in Toronto LOL.
If you're really interested in Rx, you gotta gun for US based shops (i.e. HL, PJT, EVR), or spend two years in banking here, do your MBA at a top school in the US, and pray you get into those same boutiques.
Praesentium at qui sint voluptatem aut id. Minima ea qui pariatur voluptatem delectus ullam. Voluptas id dicta molestiae omnis. Et eligendi rerum maiores. Nihil sunt sapiente voluptatibus autem autem.
Et accusantium quam reiciendis similique alias qui error. Iste rem voluptatum quia ex et ipsam vero. Error corrupti non unde quisquam natus nam molestias quis. Et aliquid et hic earum dolorum.
Quae accusamus sapiente consectetur. Id nemo molestias est voluptatem ad inventore. Omnis aliquam non consectetur ipsum ut.
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)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
They don't. We don't really have the same restructuring scene as the US. Over here, restructuring is almost fully done by the Big Four accounting firms, who serve as bankruptcy trustees. Our system is just built differently. For some mega-bankruptcies, or cross border restructurings, some boutiques like Greenhill TO will get to work on them, but there is definitely no dedicated restructuring related role here.
If you want a more pure RX experience, you could try the RX consulting firms, like Alvarez and Marsal or AlixPartners. I believe they focus more on the operational/strategic side of restructuring rather than pure financial restructuring, which IMHO is very interesting.
Otherwise, there really isn't much you could do related to RX here. Buyside opportunities are almost non-existent (heck, its even difficult to find a HY debt related role here, let alone distressed debt investing). Maybe bankruptcy law?
Well, looks like I'm going to the US for my masters/mba.The only one I've seen is KSV advisory, which was apparently a part of duff and phelps before. You have any insight on them?
Not really many insights. The largest CCAA bankruptcies here are almost exclusively worked on by the Big Four or Alvarez/Alix. I doubt KSV is gonna be paying you much lol. If I had to guess, out of uni it would probably be like above 50k but below 90k. That's borderline poverty comp in Toronto LOL.
If you're really interested in Rx, you gotta gun for US based shops (i.e. HL, PJT, EVR), or spend two years in banking here, do your MBA at a top school in the US, and pray you get into those same boutiques.
There are some consulting firms that do a lot of cross border work like Clariti. Outside of that, what above poster said it is correct.
I'm a rising junior actually.
Praesentium at qui sint voluptatem aut id. Minima ea qui pariatur voluptatem delectus ullam. Voluptas id dicta molestiae omnis. Et eligendi rerum maiores. Nihil sunt sapiente voluptatibus autem autem.
Et accusantium quam reiciendis similique alias qui error. Iste rem voluptatum quia ex et ipsam vero. Error corrupti non unde quisquam natus nam molestias quis. Et aliquid et hic earum dolorum.
Quae accusamus sapiente consectetur. Id nemo molestias est voluptatem ad inventore. Omnis aliquam non consectetur ipsum ut.
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...