A&M Restructuring and Turnaround Internship Insight
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Jan 30, 2021
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From 10 rejections to 1 dream investment banking internship
“... I believe it was the single biggest reason why I ended up with an offer...”
This should not even be a question, definitely go with the Big 4 role. Will provide you with a better brand name on your CV and more optionality down the line for FT or the next 2-5 years. Also the comp difference comes down to 1.6k $ a month (considering a 40 hour work week) that will result in an extra 5k $ over the summer...
I work for A&M (although in Europe). Don't listen to this "prospect" he has no clue what he is talking about.
A&M is infinitely better place to be than Big 4 for restructuring work. We are the absolute best along with AlixPartners and if this is what you want to do in your career it should be an automatic yes.
You will get much better experience, MUCH higher salary and you won't be surrounded by accountants.
The only reason to chose Big 4 is if you have S& or EY-Parthenon and you'd genuinely enjoy that type of work more since we don't do it
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Again I work in Europe but I doubt anyone in NACR (North American corporate restructuring group) would amend a fairly standardized salary offer for interns.
Honestly you're quabbling over $1.5k/month at a place where you'll get 100%+ bonuses. I've heard of analysts getting 200k there due to our payment structure.
Ps even with TS/FDD I see Big 4 constantly join us but never the other way around so I'd guess we're even better than them for that although obviously they're bigger.
The only thing we lack is pure strategy id say but even then our Pepi team does extremely interesting work
Congrats on offer. What office is it?
What I meant was it will be hard to go to somewhere else from A&M. A lot of the folks just stay there. From big 4 TAS you can go to IB (if that is of interest to you) or switch to their management consulting arm (again, if that is of interest to you). Again it depends on what you want. If you are dead set on Restructuring then go with A&M. My 2 cents.
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Do you actually know what we do in restructuring? its an extremely transferrable skillset. Our Directors,SD, MD's frequently serve as interim officers (Treasury, Corporate Finance, CFO, CRO, COO, CEO etc) at client companies (or a BU / division within the client) - you think they couldn't just as easily do it permanently? there is a reason why people stay. its because its a great place to be.
A&M is an extremely meritocratic (with a simple formula determining your bonus - do a bit of research on this) place with little bureaucracy. I can guarantee you that given the choice to switch careers, the traffic would be one way between Big 4 TS and A&M RX.
the only caveat is I don't know how integrated the insolvency/bankruptcy workstreams are in USA. I know in my country they are separate and insolvency/bankruptcy work can be a bit pigeonholing and that I admit - I haven't seen those people exit much to anywhere. but that isn't Debtor / Creditor side restructuring either imo.
Sorry to intrude, but interested in understanding how to best position myself for A&M RX in Europe, what experience is best? - didn't think they did any undergrad recruiting (happy to be corrected if not, as only aware of the FDD team doing any undergraduate recruiting).
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Bump. Anyone ever do an internship at the firm?
What’s the salary progression like post-mba?
No I wouldn't consider the intern comp honestly. Instead, I would consider what type of work you're interested in doing FT and FT comp
What group is the B4 offer with?
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Yeah if you're interested in RX it's a no-brainer, even with the lower hourly comp
Don't listen to the interns/prospects on here. Given what you've disclosed my honest advice is to take the A&M offer, don't whine about $10/hour as you're lucky to even have an internship offer from A&M (Big 4 is much looser with offers). A&M RX will almost 100% likely give you better experience (note: less common-place) and more exposure to situations you won't see from Big4. This unique experience will open up wider options than you'd have available from a big4 - you also won't be labelled as an accountant.
Not OP but considering internship at a Big 3 RX firm -- curious to hear what you meant regarding looser about offers? Are you saying Rx firms in regard to internships have a strong rate of conversions to full-time over big 4 or something else?
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