Ankura turnaround and restructuring
Good afternoon,
I have seen some of the previous posts related to deal flow and culture, pay, etc. from a year or two ago. I wanted to post this for an updated look at Ankura’s t&r group. Any insights for someone looking for a possible sr asso position would be appreciated, thank you
Based on the most helpful WSO content, here's what you need to know about Ankura's Turnaround and Restructuring (T&R) group:
Compensation:
Insights for a Senior Associate Position:
General Advice:
For more detailed and updated insights, you might want to engage directly with current or former employees of Ankura or check recent discussions on forums like Wall Street Oasis.
Sources: Alvarez and Marsal -- Restructuring and Turnaround Consulting, Thoughts on Restructuring Groups?, Anyone know anything about Ankura?, Anyone have intel on Incentrum Group?, Q&A: Restructuring Consulting
Deal flow has picked up in the last few months; everyone’s busy. Won a bigger public deal recently, so a lot of the team is involved with that. Culture is great - most people are generally cool with some exceptions, of course. Can get pretty sweaty, but that’s the nature of rx.
Thanks for responding, what type of work would a sr asso be working on? Are the sr asso more involved in the weeds or is it more of a coaching of more Jr employees and learning how to be a good director/vp?
Definitely in the weeds. You’d be responsible for the modeling, all of the low to mid level nuanced financial analyses, operational tasks and court-reporting tasks. The next level (director) is the level at which you begin to coach. Restructuring is so niche and so nuanced that it really takes a few years to get the hang of it. For that reason, the SAs are in the weeds but fully driving work products, whereas Associates typically do not fully drive a model / work product.
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