What would the expected base salary be for a manager in PEPI at Alvarez and Marsal in Chicago? (Base salary only, not bonus)

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Base around 140K

But also what is bonus

From the firms perspective it’s about lower fixed costs. If the firm has a down year, they don’t have huge carrying costs with high base salary employees. Certainly a risk for employees. However, the firm also lets employees participate in the upside through the comp model, ie if the firm has an awesome year where everyone is busy, everyone makes a ton of money. So we are compensated for the risk we take with a lower base salary.

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