PJT RSSG vs Alvarez & Marsal NACR (Restructuring) An1 Comp Question

So I know you said hypothetically but couple of notes:

1. 60 hrs/ week over a year is extremely unrealistic for any decent IB, let along PJT RSSG of all groups lol. It’ll be measurably more hours per week. I’m not saying IB is 100-120 hours a week all the time, but even on lighter weeks, atleast in my RX group, 60 is pretty much unheard of.
2. 60 hrs / week is much more realistic in RX consulting, they’re known to have better wlb. They do still pull some absolutely insane hours, but less commonly than IB I’d say. Now, A&M is one of the firms that tends to pull “more” insane hours than the rest, but even then, 60 hours a week is within the realms of reality.

3. If you tried to work 60 hours a week at PJT for a year you most likely won’t be working there for long. Same goes for any reputable IB. PJT does pay at the top end compared to other IBs so there’s a low chance you’ll make better than they pay unless you go to a niche firm like Dyal etc and get even worse hours.

   
   Now with that being said, how you’d get paid at both:

   PJT RSSG: Assuming a world where you aren’t fired and they keep comp the same as if you’d worked street hours, around $220k, maybe $240k assuming 100% bonus which you shouldn’t always count on. For context this is essentially top of the range in IB, very few firms can beat that.

   A&M NACR: Between $280k - $351k depending on how much of the pie you get, and assuming you bill for 52 weeks, and are staffed. At A&M, the more you work, the more you get paid. More or less top of the range for RX consulting, though I’ve heard rumors of some smaller RX consulting firms planning on experimenting with a higher share of the pie for An1s than A&M gives, so in theory higher comp, but that hasn’t happened yet to the best of my limited knowledge. Quick heads-up: in slow seasons you might get benched and work zero hours for a while, but you’ll still get your base plus a decent bonus, basically paid to chill ( people usually take vacations, work on getting professional qualifications, personal improvement, whatever). It’s obviously less than IB during those stretches, but no one’s really complaining about getting paid to do nothing, even if the base isn’t huge.