Restructuring London Compensation - Alvarez & Marsal
Had a few questions regarding A&M Restructuring in London:
I heard that in USA, your total compensation in restructuring at A&M is very lucrative, with your bonus being a fraction of your total billable and usually around 80-120% of your base salary. Is this the same for London? I read that the starting salary for A&M Restructuring is £35k. Does this pick up after you get the ACA qualification?
What are the hours like? Is there a lot of travel (I read there used to be a lot before the pandemic but unsure if this has changed)?
What is the culture like at A&M?
And finally, What are the most common exits? In PE/HF, is it largely distressed funds? Are exits to F500 corporate roles with better WLB possible?
Based on the most helpful WSO content, the compensation structure at Alvarez & Marsal (A&M) in the United States is indeed known for being quite lucrative, particularly in the restructuring practice. The bonus system, as mentioned, is a significant portion of the total compensation, often ranging from 80-120% of the base salary. This is due to the unique pay structure where employees are paid a percentage of their billable hours, leading to potentially high bonuses.
However, the compensation structure in London or any other region outside the United States is not explicitly detailed in the provided context. It's common in the industry for compensation to vary by region due to differences in market conditions, cost of living, and local industry standards.
Regarding the progression of salary post-ACA qualification, the context does not provide specific information about salary increases after obtaining professional qualifications like the ACA. Typically, professional qualifications can lead to increased responsibilities and opportunities for advancement, which may result in higher compensation, but without specific data on A&M's policies in London, it's not possible to confirm this.
For more detailed information on A&M's compensation structure in London, especially post-ACA qualification, it would be beneficial to look at more region-specific data or reach out directly to professionals in the London office or those familiar with the market.
Sources: How is A&M perceived in the industry?, How is A&M perceived in the industry?, Alvarez & Marsal Restructuring, McKinsey Transformation vs A&M Rx Offer Choice Advice, Alvarez and Marsal -- Restructuring and Turnaround Consulting
Yes - can confirm overall model. It's weighted towards the variable portion, and is pretty meritocratic in the sense that it can be consistently high for strong teams/individuals (or the opposite). Not sure on variable portion for grads, but your statement above doesn't sound unrealistic in a year with deal flow.
Ah I see, so is your total bonus a fraction of your total billables for your year? Also, how are the hours in RX at A&M in London? Is there significant travel and overall, how is the culture at A&M? Would appreciate any insights!
On comp, broadly yes but depends on an individual teams fee structure.
In my opinion it's a winning combination of WLB and deal flow/experience. Intense at crunch time but lots of flexibility and not a culture of working late for the sake of it. Plenty of teams within RX so can't comment more specifically but retention is pretty high across every team, and of course having a bigger personal interest in the work you're doing helps a lot.
Generally speaking culture is good - I've found myself not really interested in some great roles sent by recruiters. Growing fast so hope it stays that way.
Okay thanks! Would you say the hours are close to IB hours or more around 50-60 hour weeks? And what would you say are the main exits from A&M if you do decide to leave? Sorry for so many questions btw, weighing up the A&M RX offer with a T2 strategy offer aha
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