Wondering how similar is FDD and RX?
How long are engagements in comparison?
Is there a deliverable?
Is Rx more consulting rather than advisory in nature?

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Have never been in FDD so can’t quite speak to that, but I do have an audit background.

Engagements typically last a few months. Companies will try to emerge from BK or restructure as quickly as possible because RX is quite expensive, plus, there’s often a liquidity crunch

Not really. It’s more like banking where there are a bunch of ad hoc deliverables. You’ll mostly have deliverables to creditor groups rather than to the company itself (speaking from debtor side perspective).

I would say so. On the debtor side, you’re often working as interim management and pulling the strings / calling the shots rather than gently guiding as I imagine Advisory roles do.

Hope this helps.

What this guy said, Rx work is all over the place. One day it’s cash flow management and the next is operational strategy in a newly built company. Very similar excel/ppt skills though

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