Turnaround and Restructuring *ADVISORY* Salaries
What are the base salaries and bonuses for turnaround and restructuring VP's (or parallelly associate directors) at firms such as AlixPartners, Alvarez and FTI?
Based on the most helpful WSO content, the base pay for restructuring roles like the one you're asking about is typically between $75,000 to $100,000. The bonus can range from 75% to 150% of the base pay. However, these figures can vary depending on the firm and the specific role. As for how the bonus is determined, it could be a percentage of your billables, but this isn't always the case.
As for aligning yourself with seniors who can help you advance, it's always a good idea to show initiative, be proactive in your work, and demonstrate your commitment to the team and the projects you're working on.
In terms of exit opportunities, roles in higher-ranking corporate finance, private equity, and distressed situation hedge funds are all possibilities.
Remember, the workweek can sometimes extend to 6 or 7 days, so be prepared for that.
I hope this gives you a better idea of what to expect. Good luck with your career in restructuring!
Sources: Alvarez and Marsal -- Restructuring and Turnaround Consulting, Alvarez & Marsal Restructuring
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