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Hi Fishes,
This is on behalf of a friend .Can someone please put on some light on the below query ?
Company : Morgan Stanley
Designation : Associate - Global
Role : Compliance Technology Strategy
Division : Legal and Compliance
How is this position for a BE+ MBA , total 3+ years of IT experience in top MNC.What would be the expected CTC and next hierarchy designation ( after a promotion ) ? Morgan Stanley
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Yes and no. Restructuring and turnaround is a actually very niche, its a specific skillset and pays well with constant travel. Will most likely take a pay cut to leave rx consulting unless it’s something like landing an investing role at a distressed PE fund.
Most experienced restructuring and turnaround consultants clear >$200-300k after bonus.
If your goal is a regular accounting/finance at a bank or corp working 9-5 you don’t need to go into RX. Note RX is not exactly transferable to a bank finance/accounting job unless you were doing RX engagements for SVB/failed banks.
Most who go into RX stay in RX for the pay and dealing with distressed companies and the evergrands of the world. You will be flying a traveling away from home on a weekly basis working with brankrupt and distressed companies.
To be perfectly honest I actually moved from Toronto to NYC and I work less than I did in Toronto when I was at PwC. My partners are more relaxed in NYC. It honestly depends on the group.
Hmm yeah that makes sense. I’m based in Canada so I’m not sure if it’s as intense as the USA