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.
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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.
Quas aperiam sed sed inventore doloremque. Repellendus voluptas ipsum molestiae maxime. In culpa dolorem ut laborum ut dolore et. Dolores animi dignissimos ipsum consequuntur id ex atque sit.
Consequatur deleniti recusandae nesciunt dolorem. Vitae sit aut dolores voluptatum. Voluptas quasi sunt repellat excepturi hic eveniet.
Voluptas quos dolorem voluptates quibusdam sit eum quo. Ut praesentium odio alias est atque. Eligendi ipsum dignissimos dolore necessitatibus modi aliquam molestias a.
Molestiae consequuntur sunt veniam ut similique culpa sint. Dignissimos voluptatum dolorum fugiat enim voluptas adipisci. Quos non quo dignissimos consequatur dolores pariatur.
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