BB (NY) Vs. Boutique Restructuring
Which one is better for Summer analyst?
Ideally, I want to do RX -> distressed fund in the long-term.
Considering the possibility of lateraling for FT to another RX shop.
Would BB NY be better for RX lateral / HF recruiting because of the reputation, or Boutique IB b/c of the RX experience?
Thanks!
Do you have offers from both shops?
Yeah
Classic or financing for GS?
Goldman will be better for both
Can you expand? The Millstein summer analyst class is only 5 people, and it's also only restructuring work, whereas I'm not sure what group I will be placed at in GS.
If you try to lateral to hl/pjt/evr/moelis/centerview rx for full time, you’ll 100% get into the interview pool and be taken very seriously if there are spots open coming from GS. If you stay and recruit for HF, I think you’ll get as many or more distressed looks at GS, and way more for everything else.
The top groups at GS still place people at distressed funds. The brand name is degrees better than Millstein.
But I don't even know what group I will be placed at... What groups are best? Also how is natural resources?
All groups at GS are solid. TMT/FIG/HC are top IMO. I've heard good things about the NR group.
I would go with GS, since I think most to all groups at GS will place as well as or better than Millstein RX. If you really want to do restructuring though, take Millstein as it's still a great choice.
Yea, typically boutique interviews will be much harder technically than bulge bracket interviews especially for restructuring. GS is also pretty stingy with the return rate offer. If you really want to do restructuring and have such a preference, take Millstein RX. At the end of the day, pick the place that fits you the best. I don't think GS and Millstein RX are so far apart that you have to choose otherwise.
I see this perception among kids that how technical the interview is isreflective of how good the firm is...there’s nothing intellectually challenging about answering how much the secured and unsecured creditors get in a hypothetical reorganization, or any one of these “hard” technicals. Do you really think if that was the best judge of candidates, GS wouldn’t have caught on? They know what they’re doing.
Have you already accepted the Millstein offer, or is it just a matter of the process timing not matching up? Could be something where you ask Millstein for a bit more time so that you aren't in a position to renege. It is a small shop and since you said it isn't through the on campus process, maybe they have more flexibility in terms of process timing. That said, if you want RX, I would go to an RX shop out of the gate, not GS.
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Sure go ahead and PM me
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