For anyone that made the move from FDD to restructuring consulting. Did you think it was a good move?

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There are certainly trade offs. In my opinion, you give up broader name recognition/diversity of opportunities in exchange for materially higher compensation and opportunities in distressed finance. It was worth it for me but not likely not worth it for everyone.

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Not all is BD, but yes a lot of it will be. There’s also somewhat of a “face time”culture at the junior level at FTI.

Since we do a lot of creditor work, you can still get a couple of billable hours per week on those smaller-ticket engagements, but they are generally small enough where you’d still be considered to be “on the bench” if that’s all you’re doing.

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Great move for me. I doubled my comp and enjoy the work more.

It wasn't too hard. I studied bankruptcy a bit and finished the wall street prep 13 week cash flow course. That was enough for the case study.

I was a senior associate in accounting, but I came in as an analyst in nacr, which is effectively an entry level role. It only took me a year to get promoted though.

I'm not sure if we are hiring lateral analysts nowadays. It seems like most analysts are campus hires now. Anything higher than analyst typically requires previous restructuring experience.

It's hard to find senior associate equivalents in the restructuring world though, so we're almost always recruiting folks with 3-6 years of experience in restructuring.

If you get an interview, be prepared for it to last 3+ months with 8+ interviews. Lateral recruiting is long and slow.

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