FIG /FSI M&A at Alvarez & Marsal - is this real IB?

Hi there, I am trying to understand what the role of the Financial Services Industry (FSI) M&A group at Alvarez & Marsal is. They recently hired a few new MDs from FIG shops in Europe (UK, Spain) at that group, but I want to understand if this group is on a par with EBs / smaller boutiques (or better/worse), especially in the context of potential exits and WLB, culture in general. 

Has anyone heard of them? My understanding is that it's not a typical consulting group, they try to depict themselves as a proper M&A FIG but would appreciate real-life insights. 

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New team so TBC but there are big aspirations geared towards the mid market.

Expect they will either become a strong player quite quickly, or stabilise as a small team to work alongside the other groups (RX, FDD, tax, debt advisory etc)

If they perform well, comp will be above competitors and naturally they will continue making big hires to grow etc, or vice versa if not.

The performance-driven culture (every £ is allocated to a head) naturally results in a tough WLB etc when required, but also means that you can leave at 5:30pm if you don’t have work (as the hourly ‘cost’ internally is offset against fees). Tends to attract some intense personalities though!

 

Would you mind sharing some light on salary, especially for analysts in London? They keep recruiting and I am curious if it matches typical IB base or is lower 

 

I'm not in CF, but A&M's comp model suggests a lower base. The variable comp and potential for fast promotions hinge on team performance.

Best case: >100% bonus per year if the team delivers, with better work-life balance than IBs, faster promotions

Worst case: A busy year, particularly with pitches, may result in a bonus of 20-30%.

 

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