FTI Consulting - Who are they? I keep getting an email from them asking to interview...

So this may be a dumb post, but I have received an email from someone at FTI Consulting asking for 15-20mins of my time for an interview, and I have no clue what to expect or what its about.

I am currently working in the Real Estate industry, and my background is mainly all real estate and real estate finance related.

I AM in the job market, as I am looking for something different so I know my resume is out there at the moment. I am not sure how this person received my email or resume, but I figured they saw it on monster.com as I made the mistake of putting it on there. I have received emails from very, very flaky, unprofessional companies so initially I ignored the email from FTI Consulting. As, I have never heard of them before.

I received a follow up to the email from them, so I figured I would search them on google. It seems like they are a legit consulting firm.

I dont have a clue what job they could be contacting me about, however.

Anyone have experience with FTI Consulting and their interview process? Any suggestions on what I should be prepared for, considering my background in only real estate?

Much appreciate any insight into the company. Thanks.

 
couchy:
They are consultants, Very good in bankruptcy / turnarounds / restructuring. It can be a good transition to IB if you are interested in that.

I am only really interested in real estate - Acquisitions / Disposition / REPE / Development / REITs

I just dont know why they have contacted me, or about what position. I dont want to sound like a fool on the phone because I have zero clue what they are interviewing me about. I cant even really prepare for the interview... lol. I have taken a look at their website, and that has led me no where as what is on the website is so broad with multiple groups.

I am going to assume the job is for something Real Estate related. Anyone know how their real estate group is? What I would probably be doing?

Overall, how is the comp / exit ops / 'prestige' among the various industries?

 

What is your current role within real estate? They are a reasonably respectable firm within consulting, and on the "higher-end" scale of work they'll provide valuations/appraisals and restructuring advice. Most of the work though will probably be in tax advisory and litigation/forensic work (like substantiating insurance claims for real estate owners)...at least this is where I tend to see them.

Hard to comment on the advisability of pursuing the opportunity without knowing what you currently do. If you want to be in acquisitions but are in some other real estate field now, my off the cuff advice would be that you're better off staying in your job if you work in property sales brokerage, and consider switching if you're in leasing or property management.

 

FTI Consulting is one of the largest consulting firms in the world by deal volume. MBB are the most prestigious and reputable, and the ones that are most repped on this site, but it's important to know that by revenue they're by no means the largest (not even in the top 5). FTI is.

 

I went to a dinner/meet and greet held by them. They seem pretty laid back, most of the people who work there are younger. work hard play hard atmosphere. They definitely hire with a strong focus on fit.

 

Just fyi certain practices are only in certain cities. I have a friend who is working at FTI in the city where I live and it's only the forensic litigation practice.

People tend to think life is a race with other people. They don't realize that every moment they spend sprinting towards the finish line is a moment they lose permanently, and a moment closer to their death.
 

FTI is a respected firm within the restructuring industry. However, they mainly deal with creditor side engagements as opposed to debtor. AlixPartners and A&M are typically on debtor side.

Most people that I have met in the restructuring groups from these firms come from either investment or corporate banking, big 4 audit or consulting, private equity, or significant industry experience.

Money can be pretty good at these firms, if you are good. Lower than banking, but closer to on par with consulting overall comp (maybe slightly less). Obviously, it depends on your level, but pay can range from $150K to 7 figures.

 

I don't know much about them, but they are not even ranked in the top 25 on bankruptcy league tables. As this is a consulting firm, I would expect that their services focus on processes rather than transactions. This would be a different kind of work than IBank restructuring.

 

IMHO - their restructuring practice is extremely weak in comparison to hitters in the space (AP, A&M, etc.).

I cannot think of a recent bankruptcy that they have played a notable role in.

 
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