Title says it all: what are the differences in the sort of exit ops one has in restructuring compared to M&A? Is restructuring more of a "door-shutter" in that one becomes too specialised? Or is that a myth?
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I'd say the restructuring world is smaller than M&A. At the end of the day I'd rather be in restructuring at HL than M&A at DB... but restructuring at HL/BX/Lazard vs M&A at a BB? Then it would depend on quality of the group, deal flow, and my own interests. The exit opps are different in each scenario (distressed PE / HF vs. buyout shops) but ultimately your own deal experience and interview skills matter a lot here. Hard to say whether one would choose one path over the other without knowing the specifics of the situation. Traditional M&A is more "prestigious" but it's also a crowded field. Either route will provide an excellent training in corporate finance, but from different angles.
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