Hey everyone, does anyone know FTI Rx practice compensation? I heard that they also apparently have made their pay more competitive in recent months via pay bumps, so if anyone has any idea about that it would be great. Would also appreciate if anyone could provide insight into how the Big 3 compensations fare against each other. Thanks
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Based on the most helpful WSO content, here's what you need to know about FTI and Big 3 Restructuring (RX) compensation:
FTI RX Compensation:
Big 3 RX Compensation Comparison (A&M, Alix, FTI):
General Insights:
If you're considering RX consulting, all three firms provide excellent compensation and career prospects, with slight variations in pay structures and work-life balance.
Sources: How is A&M perceived in the industry?, Big 3 RX 2021 Comp (A&M, Alix, FTI), Oil&Gas controller vs. restructuring consulting
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Out of college at FTI, salary is around 90k base, with 20-35% bonus + overtime pay.
It increases by 10-20% per year, including non-promo year.
A&M has the best potential pay as they pay about c. 25% of what is collected on your billing hours. However, the working hours / culture is much more aggressive, and if you are not busy you will make less.
Alix is somewhere in between, both on culture and pay, but closer to FTI.
Very accurate write up. Wanted to add that the quarterly bonus at FTI is very variable depending on the billable hourly hurdle for the month. Some months it can be as low as ~120 hours, and others closer to 150.
Most I’ve gotten in a quarter was 7K as a first year C, but most other quarters have been more modest.
Are these salaries for North America?
Do you have the salaries for FTI and A&M in France, for Analyst 1?
Breakdown of “base” and “bonus” / annual progression?
Do you also have the difference compared with the Big 4 Rx practice?
Thanks so much in advance
These are for North America.
I do not have these salaries for France, but I would expect a big discount on this given the difference in salaries between Europe and the US, which is a function of lower billing rates.
I happen to know people who worked in France in big 4 before moving to one of the big 3 (A&M, FTI, Alix), and can tell you that he was happier than at the Big 4 as the cases are usually much bigger and lead to better exits. Big 4 often get conflicted, which is why a lot of their top partners left for the Big 3.
My advice is starting salaries don't matter, chasing an extra 5-10k or even more will never compensate for the longer term benefits of exposure. These extra $/Euros will look anecdotal in a few years.
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