Thought of creating this thread to be a resource incase anyone had any questions (which I doubt but putting this out there anyways). Will try my best to respond to as many as possible.
Background: Regional target, otherwise lower semi - target
Recruited for: RX IB (non PJT / EVR) , RX Consulting, MM & LMM PE
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Same as for RX IB, but with a lot of ops side stuff as well, as opposed to just pure financials. The HL case is a good one, and then I used MBB cases as well, even though those don't perfectly represent RX Co, they atleast help with strategy knowledge.
Can't offer too much insight on SA recruiting, but for FT recruiting you've really gotta know someone on the inside to maximize your chances, bc for atleast the Big 3 (FTI, Alix, A&M) most FT spots are taken by the interns, and as a result there have been times when there hasn't been FT recruiting at all (they also in general hire very few FT people regardless). Also, it tends to be office based, i.e NYC might hire FT but Houston might not, so get to know someone at the offices you're interested in and they might give you a heads up. That's what I did and got lucky enough to be included in the process. Alternatively you could keep an eye on their careers sites, FT typically starts when SA is wrapping up (August +).
Rising soph at a similar school. Thank you for doing this!
What's the timeline for RX (IB)? When should I start reaching out to alum, and when can I expect to have superdays?
I recruited FT, so around August - early October. Basically when your SA stints start wrapping up. Would recommend reaching out slightly into your internship, and something to keep in mind is sometimes the effort isn't worth it for some firms (PJT RSSG / EVR RX) given how few seats open up, and please don't give the bank you're interning at the impression that you're shopping elsewhere lol
Any insight into which firms usually open up for FT?
Which Rx IB shops did you target? How the the process?
Also, which Rx CO hires SA? And is recruiting also sophomore year?
See comment above. Basically targeted any and all RX IB firms aside from the big two. One interesting thing I noticed was that networking kinda matters "less" for RX IB. Meaning, if you network and get into the process that's cool and all, but if a spot opens up and they post it, just cold applying won't do any harm either. In my experience these firms care more about actual capability than networking...and so few seats open up that networking might pay off worse in terms of effort vs outcome.
RX Co: A&M, FTI, and Alix hire SA, so do Province, BRG, Ankura...and a couple others. Across all of RX consulting you might have around 50 -70 total intern seats, and it'd be reasonable to expect high 5 digit or even 6 digit applicant numbers, so realistically terrible odds...I believe it's mostly junior year internships, but again, I didn't recruit SA so I couldn't tell you...you could post on the consulting forum and ask them
Thanks for the thread! Can you name some resources you used to prep for RX IB recruiting?
The standared: Moyer, Rosenbaum, BIWS, the 400q guide's RX section, and that was about it. I also had a friend who was in RX IB at the time who helped quiz me
Thank you for your help!
Am interested in doing a similar process — wondering how it ended up working out for you? Also curious why you didn't target PJT/EVR, my thought process was more spots would open up from there as ppl jump to buyside etc.
As you can see from my title, I got and accepted a RX IB offer. Didn't get the rx consulting offer; I crushed the technicals but bombed the distressed consulting-type questions. Also got a super small LMM PE offer that I passed on bc IB comp was better and more established (the PE firm was new as well).
Didn't go for PJT / EVR bc I felt like I'd have to put in too much effort for too little returns, whereas if I put in the same level of effort for MM firms I'd have a better chance.
Can I DM?
Thank you for this super helpful! Was wondering how tier 2/3 rx processes are like in terms of technical difficulty.
Which one: IB or CO?
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