Alvarez & Marsal, what would you say are the top 3 differences in how you do your work/what work you do, versus the typical MBB or Tier 2 (OW, Kearney, S&, ...) firms?

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I think A&M’s bread and butter are restructuring, PE portco PI, and FDD. Outside of that not sure how much they play in pure strategy work. Maybe they do?

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EY1 is right and no strat work. The other BIG difference is the the engagement team structure, SAs at A&M don’t lead work streams unless in exceptional cases, and senior folks are very hands-on with the delivery of the work and client interaction. So SAs play very important support roles for their senior folks rather than “lead” anything. Also means very high partner-associate ratio.

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