For anyone in Alvarez & Marsal D&I, what does a typical and expected bonus actually look like for seniors? I’ve been contacted and told that bonuses “can” be substantial, but it also sounds like I’d have to take a >30% cut to salary. Would I actually come out ahead or is it not really worth it?

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From what I have heard is your bonus is huge if 1) your utilization is high and 2) A&M collects on invoices tied to your utilization. In other words, realization = bonus.

So if you bill 2,000 hours and collect on all of it, my guess is you will be happy. If you can only get 1,400 billables, not sure. I heard TC is around 25-40% of your collections but that may be outdated.

Hard to give a typical or expected bonus since it’s primarily based on cash collections. Your office may have a slow year and your bonus could be minimal or be slammed and your bonus could be large. In my mind if I collect $50k in a month it was a solid month, so $600k for a solid year. Payout range for seniors is 22-28% of collections. So total comp would range from $132k-168k. Keep in mind they can make upward or downward adjustments to your formula compensation.

That’s quite generous, I think much higher than AP.

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