New Director in Turnaround & Restructuring - contacted by Alvarez & Marsal and AlixPartners to join. Wondering what salary bands/bonus are for Director / Senior Director at both places and progression to MD? Note I work in the UK and for what it’s worth am considered on partner track so want to make the right choice. Thanks in advance!

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I don’t work at these firms but I know a bit about them. Director at Alix is not equivalent to big 4 Director - some junior partners join as Director. At A&M Senior Director is typically the entry point for Big 4 Associate Partner. Regardless, i assume they have reached out to you regarding these roles. I would guess you’ll be on around £120k base at PWC as a new director and you can expect to earn up to 50% more base at these firms with c. 30% bonus on average. A&M compensation is partially based on your utilisation and success in getting clients to pay their bills.

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Lol EYP who at A&M do you think are douches? If you're talking about North American teams I have no comment.

Agree with the above in principal, don’t know the UK numbers but in US the numbers would be even higher for AP.

The numbers are pretty well known in the US, you can search on fb and find plenty of threads about it

Can’t speak for the U.K. but in America TC for a director can range from $375 to $700+ (the high end is for someone either very senior or a partner at another firm who joins at Director level).

Generally yes. My bonus ranged between 50-70% of my base over the years. At AP, it’s not the same formulaic calculation as A&M. But since we’re direct competitors, I can only imagine our total comps are very very similar.

Didn't realize we are hiring a new director into our team. Are you debtor side or creditor? Personally I think we have a great team. Bonus can easily be above 100% depending on your year and what jobs you're on especially if it's a chapter 11 with uncapped hours.

Yep, we have much less overhead. We have a very detailed document showing what kind of milestones / achievements need to be hit to get promoted so I don't think it will be a mystery. I don't think we have a set timeline like in banks where it's 3+3+3 type timeline. Someone who's been at the firm longer than me would be better suited to give you estimates.

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