Is it worth considering a career in Restructuring Consulting in the long term given that their work can be quite cyclical and hinges on the spectrum of the economy.
Or have I misunderstood this? Are the teams always busy with projects?

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Businesses are always divesting/reorganizing/rebranding/etc..
Think Fox selling off 20th Century Fox, Blackberry selling hardware IP and focusing on software, etc..
Think retail companies selling off brick-and-motor shops and shifting more towards e-commerce, oil and gas -> renewable energy, etc..

COVID just necessitated and/or accelerated the need for restructuring services for a ton of industries all at once if they wanted to stay afloat.

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The team at my firm is quite small but they travel a lot. Perhaps they keep busy by covering a large market?

I’m interested in hearing more.

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That makes sense. I’m actively considering this option so thanks for shedding some light on this.

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