Consulting

Friend has full time offers (out of undergrad) at LEK and Alvarez & Marsal.. would love any thoughts on the decision

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works at

A&M does some neat stuff and people can make an absolute killing there. They pulled apart what was left of Lehman Bros after the financial crisis and the partners used the profits to build their own golf course in Ireland. Played it this summer, it's dope.

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A&M doesn’t typically hire out of undergrad, in comparison with most other firms. For that reason, LEK may be a more natural launch point. As mentioned above, A&M is very practice driven so the quality of the offer is really dependent on that. I’m not surprised how many people haven’t heard of us on here, but don’t mistake that for a lack of prestige or meaningful work. We’re top of mind for many PE firms and investment groups when it comes to restructuring, M&A work, and general performance improvement. Once you hit the associate and SA levels in PEPI, NACR, HIG (+ some others), you’re talking borderline T1 total comp so the T4 comment above is laughable.

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In the US, Corporate Performance Improvement and Transaction Advisory Group hire from undergrad.

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LEK is a tier 2 firm, A&M is tier 4 if they are ranked. That is not an indication of quality of life, but I think it's obvious which firm offers better career progression and exit opportunities

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^agree, that's a fair assessment.

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LEK: strategy and due diligence projects; analysis-focused; less travel because you're often just doing desk research (especially true for life sciences); supposedly has a performance improvement practice, but not sure about strength; more well known in consulting; coolest project you'll work on: PE dd/pharma firm's portfolio strat A&M: performance improvement (assessment + implementation); heavy travel due to need to work hand in hand with client; action-focused; well known in restructuring/transformation circles coolest project you'll work on: turning around a struggling firm that was on the brink of bankruptcy; defending against activist shareholders

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The other possibility: going full wolf of wall street to destroy activists at every possible turn and defend management (who are paying you lots of money) to your dying breath.

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This is the first time I’ve ever heard of A&M. Did recruiting at undergrad and MBA. Doesn’t really mean anything if they pay well.

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A&M > Deloitte

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That K in LEK stands for Richard Koch, one of the original founding partners and the one who popularised the use of the phrase 80-20 through his book 'The 80-20 principle'. LEK is also known for its PE practice. It's a firm I like and not just because both our firm colours are green.

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Sounds like there’s a strong pref for LEK, especially considering A&M offer is not in restructuring. Thanks for the input!

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I have heard literal horror stories about Alvarez. I would stay away as far as possible.

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What practice in A&M Chicago? We do work across consulting, restructuring, tax, transaction services, real estate, and disputes & investigations. People online generally don't specify which division they've heard rumors about, so it can be confusing when making the choice. OP, feel free to DM if you're interested.

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The a&m Chicago office has a decent size class for undergraduate hiring in CPI, which is where they got their offer. I think the industries/solutions between A&M CPI and LEK are not too similar. It’s comparing 🍎 to 🍊 . What industry/solution to focus in would be my deciding factor.

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