My friend who’s a senior associate at Alvarez & Marsal Restructuring said he’s making ~350K in TC. Is this possible there? He had 3 YOE and joined as an analyst

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Yes, A&M get a % of the amount they bill. Their base is competitive (but on the lower side) but their bonus is huge. Obviously this means he was working through the roof and comp this high at SA is exception not the norm but not unheard of Source: former A&M here

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Was offered a higher base and generally a little bit more flexibility in wlb (wfh more etc not loads less hours but enough). We have enough money and I with my kids a little bit more

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Possible. Their bonuses are directly related to billing rate and revenue: Bonus = (your bill rate * hrs you billed * 35-45%) - base So if these apply: - bill rate = $350/ hr - you billed 2400 hrs (45 working weeks * 50hrs/week) - 40% (I'm not sure how A&M applies these) - base of $150k Bonus = ($350*2400*40%)-150k = 186k bonus 150 + 186 = $336k TC

likehelpful

Think NACR has it better than ECPR It's nice working on NACR jobs with their bill rates. Almost 1.5x bigger 🤑

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I have a bridge to sell you.

likefunnysmart

Does it connect Manhattan and Brooklyn? I already bought that one! 😅

No way

likefunny

Maybe since he is in M&A. Those people make much more than other parts of the business.

likehelpfulfunny

Restructuring is not M&A

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My understanding is that is possible I know a few people there and their bonus can be 2 or 3 times their based on amount of billable hrs which the get a portion off.

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I’m an analyst making $190k. That comp is average for SAs

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👍 How many hours / week on average do you work?

likesmart

Not sure about Rx but I’m expecting $220-240k in PEPI this year

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That is real. I am a SA 1st year. I actually know exactly who you are talking about. That is average for a SA. I know guys this year that made 500+ as SA because of the cycle we are in.

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Yep. Buddy just joined and will probably pull 150-200 as an analyst

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I work in PEPI and Restructuring (NACR) definitely make a killing. Remember though that they work crazy hours and their work has to hold in a court of law...

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Thanks. I don't have an extensive background in those fields. My pre-MBA WE are in tax with deep financial data analysis experiences and understanding in financials. An MBA internship is in equity research. I have CPA and trainings/courses in 13 week cash flow, liquidation analysis, etc. I am just wondering if this background is good enough for an associate role. Could you let me know what you think?

Sure, but I bet $200k+ of that was a bonus that may or may not happen every year.

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He'd have to not work for 200 of that to not happen every year. The base salary is more than that. That's around 1800 billables. some guys are hitting 3000 this year. do that math...

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What does one have to do to get a job there??

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Unless he found 150-200k on the street somewhere, I doubt that...

I know one this year that made 500+

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Hahaha no way.

Damn. Just, damn.

I'm fairly new and don't have much reference points (not in USA) but is it usual to get to SA by 3 years? Or did he have 3 yoe and became an analyst? Also, what can a restructuring associate rated 6 expect? 25% performance payout? Thanks!

He has an analyst for a year, associate for 2, and now a senior associate. He joined out of UG

When do bonuses payout for A&M and how did they look this year compared to past?

November and up big in certain groups

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