how is experience at these two firms viewed for bschool admissions? specifically the restructuring and financial advisory groups? also, it possible to make the jump from one of these two firms to a bank like HLHZ restructuring?
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Career Resources
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A&M hands down!!!
Alix is better. Yes the jump is often. B school Alix is golden, AM is accountants.
i dont have an offer from either but i have been looking into these two firms along with FTI because they seem to be fond of ppl coming from big4, but i also want to go to bschool eventually. i'm trying to see what my best option is once i leave auditing in terms of a firm that provides upward mobility, solid bschool prospects and good exit opps in case i scratch the idea of bschool. these firms seem to fit this criteria.
anyone work at these firms that can provide any more info?
AlixPartners Update (Originally Posted: 10/07/2015)
Anyone have any insight into current reputation, exit ops, starting comp for analysts/associates, etc. of this group within Alix? I have heard they have recently started selectively hiring MBAs without direct restructuring experience, which is a departure from their historic hiring practice. Is this to grow the practice? Are they having trouble recruiting and retaining experienced talent? Something else?
Any insight from those familiar with the firm would be appreciated.
Also curious!
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Reputation is top notch for turnaround / restructuring FAs. Exit ops are wide, but generally are going to be into operating companies (former clients, etc.) and operations teams of private equity firms. When I was in banking in a restructuring group, we would frequently work with Alix, A&M, etc. Work will be fluid and every engagement is different, but will be 13 week cash flow modeling, MORs for BK reporting, playing the role of interim finance department in stressed / distressed situations, managing cash flow / liquidity / covenant reporting and analysis, etc. Now that I'm in PE, we have a large operations team that we employ full time who does this work, but also helps in due diligence, market / commercial analysis, integrations, and modeling support. @AT1228"
Really appreciate your commentary, WSO1212. In many ways it echoes what I have heard from others both currently or previously at Alix. Happy to hear you've had positive experiences working with them. I am trying to fully understand the exit op by accepting a post-mba asssociate role in their TRS group against my current role (VP in corp fin/dev for the mortgage banking arm of a mid-sized privately held firm that develops, invests in, manages, and finances real estate).
For some background, target long term goal is a CFO type role or senior corporate strategy executive. My credentials are non-target undergrad, CPA, top 10-15 MBA with experience in accounting, tax, fp&a, liquidity management, and some successful m&a deal experience.
Any additional feedback greatly appreciated.
Thanks for sharing insights about restructuring group. What about for Process Improvement group?
Alix Partners Reputation (Originally Posted: 12/26/2014)
Hello,
Can someone with experience in the consulting industry help me to get a sense of Alix Partners' reputation? I know they were a strong option in the immediate aftermath of the financial crisis but how about these days?
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turn around shop / PE affiliations is all i know
hope it helps
Their reputation is definitely oriented towards turnaround situations. From what I can tell, they're working aggressively to branch out into operations and technology management consulting as well. They've hired pretty aggressively from Diamond, PRTM, and ATK. They tend to hire relatively senior "practitioners" - people with deep functional or domain expertise and do not have a traditional pyramid structure. The most common level is VP or Director with no undergrad hiring and very limited direct MBA hiring. Given the above, they don't have a strong following on WSO. The interview process is rigorous - as an experienced candidate, I interviewed at Alix at the same time as MBB and found the processes comparably difficult.
Thank you both, particularly Johnny Fontane, for the insight. Much appreciated.
Alvarez / FTI / Alix - Exit Opps (Originally Posted: 02/23/2010)
Any thoughts?
.
bump
I'd be interested in hearing this as well.
bump
AlixPartners - Financial Advisory Services (Originally Posted: 05/03/2009)
Hey guys,
I was just wondering how AlixPartners is regarded amongst the consulting firms? Also, what kind of exit options are available after being an analyst in their Financial Advisory Services team? Is it even possible to get into IBD / PE after a few years within their FAS department. I suppose it would be easier to make the jump from their Restructuring and Corporate Turn around division but any insights would be greatly appreciated.
Finally, any idea about salaries, perks etc?
Best,
Student25
What is Alix Partners?
They are a well-known Turnaround/Work-out consultancy, similar to Alvarez & Marsal, FTI, & Navigant to name a few.
To the OP I don't know anything about Alix's FAS department, I do know that their restructuring and turnaround groups are top notch and tend to place into other restructuring firms and distressed PE firms.
just messin' Alix is sweet
;-)
Thanks very much for the reponses. Does anyone happen to know about the Financial Advisory Services division in AlixPartners in terms of Exit Options etc?
Alix is a top notch choice for operational restructuring and turnaround but be aware that they normally only hire senior people, they don't take candidates fresh out of college/MBA for example
I think they take on Analysts straight out of university. But yeah the firm seems to comprised mainly of senior people. Apologies for asking again, but has anyone heard of their FAS division?
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