Restructuring & Turnaround Consulting vs Corporate Strategy Role
I am trying to evaluate two potential roles and would appreciate any insights. I am currently a corporate finance/fp&a consultant with pretty good BI/data analytics skills at a "boutique" firm looking to make a jump due to pay, promotion, and politics. I have prior corporate strategy and biz dev experience, as well.
Corporate Strategy Manger: Approached by former CFO from prior job who is CFO at this company. Role and department are new, company (healthcare) is growing very fast and is PE-sponsored by a pretty respectable MM firm. They want to build out their reporting, specifically around their sales, medical billing, and pharmacy ops. Some corp dev opportunities, probably 2-4 M&A deals over the next 18-24 months. I have no prior M&A exposure, so that is a learning opportunity. Supposedly this would be a pretty broad experience working with a bunch of different departments, and I would be working directly for the CSO. There would likely be some finance components, but I would not be working on that regularly. Pay and benefits aren't as good, and the company has some pretty bad glassdoor reviews (nepotism, nasty management, office politics).
Restructuring & Turnaround Manager: Financial advisory role at larger/"more prestigious" consulting firm (not MBB/Tier 1 restructuring firm) than my current employer. Firm primarily specializes in healthcare, but has a presence in higher education, digital, and a few other industries Work seems mostly in line with what I already do (3 statement models, 13-week cashflow models, some data analysis), but my understanding is that you can end up touching a lot of different parts of the business in RX/turnaround, which I like. Role is in the financial advisory group and I would be placed on the RX team, but supposedly with the ability to move within the group later if I don't like it/there are other opportunities. Pay and benefit are better, WLB worse, and the glassdoor reviews are better (standard consulting complaints about promotions, pay, etc.)
I am trying to figure out what would be better long term, since both of these are interesting. The roles are at different life cycles of a business, with #1 being growth-focused (building reporting from scratch, project management, potentially some deal exposure) versus restructuring/turnaround, working with distressed/bankrupt companies trying to figure out how to fix things/keep the lights on. I would appreciate any insight you may have, especially anyone who has done both/similar roles. Thanks!
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