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I worked in EB RX and if you aren't interested in doing distressed I would definitely take the BB offer assuming it's in a group that does M&A. Personally, I didn't learn much about traditional PE LBOs and how to model them, and while you can do additional prep for vanilla PE recruiting, I would think that the M&A experience would make it a lot easier. While some kids in RX do get great PE exits, I'd assume that it's because they're individually smart/hardworking as opposed to some advantage from working in RX over a BB LevFin/Sponsors group.

Also putting the exits aside, it sounds like you'd be more interested in the work at the BB. Exits are obviously important but you also want to be happy for the next few years. I would also guess that it would be easy to lateral to a different BB group as well. Can't comment on the difficulty of recruiting from SF to NY though as I didn't go through it. Good luck and don't stress out too much about these things, keep working hard and it'll all fall into place eventually.

 

I would add that MB is really the only firm of the ones you've listed (in multiple threads now) with a track record of junior people lateraling into mid/top Rx shops in recent years. 

It also seems like you're on the fence about Rx and if you are essentially committing to three years (if you stick to your plan) as well just for the sake of PE, I would probably take the tech group, particularly if it's Jeff where you would have decent shots at some UMM+ without lateraling. 

 

You've only seen MB because that's by choice. No one at HL or Evercore is turning down a lateral interview from someone in Lincoln's restructuring group, even if they haven't worked on any real restructurings yet. More likely is that the guys who signed up for Lincoln restructuring just kind of did so as a finance job without any real interest in the asset class. He didn't list these firms, but plenty of people still move from GLC, Imperial, Carl Marks, regional HL offices, etc. to larger platforms in NYC.

Still surprised by the amount of guys that I've met at different funds (many of which never picked my resume out of the pile) that started out in Jefferies rx.

 

If you don’t actually like distressed don’t join it. Literally do any M&A role and you’ll do better. Most people I’ve seen in Rx stay in Rx.

 

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