Thanks for the response,
Sorry if I’m getting too specific now - I just think it’s important to clarify, as I understand only Boutique M&A Advisory is permissible in Investment Banking (and not any conventional banks) - but even that might be haraam now due to generalists programs a lot of them run!
Say your working in a Generalist program, lets assume you’re working:
- 50% in M&A advisory (permissible?)
- 50% in Rx (shaky)
I’m simplifying but lets say we can split up Rx work into :
- Distressed M&A (Same as M&A just for companies in distress)
- Equity Advisory (Advising on raising equity)
- Debt advisory (advising on raising more debt - getting DIP Financing etc)
- Restructuring (Negotiating debt/interest payment schedule and covenants w/creditors)
Boutique advisory’s would typically offer all these services and you will be working across all of these activities in your role.
your specific role in Rx (as an analyst) will be producing financial models and projecting on how the debt/equity/new payment schedule will help the firm turnaround based on your assumptions
Would this “Generalist” role be considered permissible - even if the largest majority (>80%?) is permissible but a subset of the debt advisory/restructuring of work is not?
Thanks in advance again
I’m tryna find out a definitive answer, as I’m only applying for Boutique firms and the only interviews which I have landed this recruitment season (coincidentally) are with those who run a generalist program
P.S I’m only putting in extra brackets with descriptions so others who might read this might benefit - I’m not trying to indicate you don’t know what the terms are