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Alvarez & Marsal Hey everyone, I have a Turnaround and Restructuring Consultant interview coming up soon at Alixpartners. It’s the second round of interviews with a Director and Managing Director. Any tips/help would be greatly appreciated. Thanks EY PwC AlixPartners FTI Consulting Deloitte Alvarez & Marsal
For those in private, how was bonus this year?
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They would probably make you do at least one full year as a senior before a manager promotion.
Thanks for the input! I wouldn’t mind this. Any idea on what comp would look like at the senior vs manager level
New fiscal year is starting and if you don’t have any Deal experience you might take one to two years for manager promo. I would recommend coming in as a senior even if you get promoted to manager at your firm.
If you want to work in Deals get in as soon as possible. Working in audit is a waste of time. If you have to wait for whatever reason and make manager at your current firm, make sure you get a salary bump when joining FDD but don’t worry about title coming in. Many people don’t succeed bc of the learning curve and coming a title down will help success long term
Don’t worry about the manager promo. Your focus should be to join as soon as you are offered. Being a manager in FDD with no experience is literally drinking from a fire hose, you will get killed. Better to have time to learn the ropes. You will be eligible for promo when you are ready and demonstrate the skills required. Leading management meetings with investment bankers/pe firms/management, ability to run through a deal from start to finish qoe/ddl/nwc with limited supervision as well as ability to build reports and guide seniors.
At the same time. Opportunities for FDD are extremely scarce these days with lower deal volume. Most of the big 4 are not recruiting at all unless you have past FDD experience. It’s extremely competitive to get in especially at the senior level.
M1s at EY HCOL averaged 180-200k after bonus in FDD coming out of a big year, seniors were 120-150k all in depending on performance.
Thanks for the input! Much appreciated