Is it hard to go from FTI / Alix RX to A&M?

Based on the most helpful WSO content, transitioning from FTI or AlixPartners to A&M in Restructuring (RX) is possible, but the difficulty and success rate depend on several factors:

1. Skillset and Experience: A&M is recognized for having one of the strongest debtor-side restructuring practices among the Big 3 RX firms (A&M, Alix, FTI). If your experience aligns with their focus on large/prime deals and you have strong financial and operational skills, your chances improve.

2. Pay and Bonus Structure: A&M offers a lucrative and transparent bonus structure based on billable hours, which can be a significant draw. This structure might attract professionals from FTI or Alix who are looking for higher earning potential, but it also means A&M seeks candidates who can deliver high billable hours and performance.

3. Cultural and Operational Fit: A&M separates administrative tasks from strategic work, which differs from FTI's approach where company-side work may involve more administrative tasks. If you prefer A&M's model, this could be a motivating factor for the jump.

4. Measurable Benefits: Moving to A&M can provide:

   • Exposure to high-profile restructuring deals.
   • Development of both financial and operational skills.
   • Strong exit opportunities, including midcap private equity roles and senior executive positions in the industry.

While the exact ratio of successful transitions is not detailed, the move is feasible for those with the right experience and alignment with A&M's operational model. However, the competition for such roles is likely high, given A&M's reputation and compensation structure.

Sources: How is A&M perceived in the industry?, How is A&M perceived in the industry?, Advice for summer and return offer rate?