You can move into generalist PE roles because the usual perception is that Restructuring is more difficult/technical than standard M&A roles. Banks do not necessarily “fire” their Restructuring teams when the market is good, but they may move people around and put them in different groups if there’s more demand elsewhere. The biggest issue with Restructuring as a long-term career is that the pay fluctuates a lot at the senior levels, so you normally have to stick with it for 10+ years to see a huge benefit. If you just stay for a few years, you might be in the market at a bad time and earn poor bonuses.

Do banks have layoffs in RX teams during bull markets? Thanks

Thank you very much. Appreciate the spinning the story part.

I’m not sure I can add much that you don’t already know. Your main options are learning more about modeling/credit analysis independently and/or spinning your existing deals to look more analytically intensive. There are some recommended resources here (the Moyer reference, etc.) and probably a few RX-focused courses and case studies you can find online. But no matter what you do, you will probably have to spin some of your deal experience into sounding like you advised “stressed” companies so that it sounds a bit closer to distressed, even if that’s an exaggeration.

Thanks. Sorry, we don’t track debtor attorneys or 3rd party administrators.

Do you know where I could buy a list of said investment bankers? Many thanks.

None of the above. See: https://mergersandinquisitions.com/investment-banking-certification/

Thanks for adding those points.