Big 4 Deal Advisory or Alvarez and Marsal Restructuring

Hi everyone,

I have secured an offer to work at a Big 4 Deal advisory and am in the final stages of interviewing with A&M. I was wondering which position would give better exit opps and help set me up for a long term career in finance. Both jobs are NYC and post MBA rolls.

Thanks

11 Comments
 

Who are you and what fits you better? If you're a natural hustler and looking for a set of skills and launch pad to get to PE type work, then AM. If you want stability, prestige, esoteric, yet very niche specialization then B4 is probably your gig.

Global buyer of highly distressed industrial companies. Pays Finder Fees Criteria = $50 - $500M revenues. Highly distressed industrial. Limited Reps and Warranties. Can close in 1-2 weeks.
 

Just to give you some general data points: A&M pay > Big 4 pay. A&M pays a lower base but it makes up for it with its bonuses. People at A&M earn anywhere from 1.5-4x their base depending on utilization.

For me, it would come down to what group you're a part of in Deals Advisory, are you doing FDD or strategy?

If its strategy vs A&M then you have a good debate and it would come down to the work you prefer (Rx vs M&A). If its any other deal advisory group then its a no brainer A&M.

 

Enim quasi libero illum officia quae iure accusantium. Quis praesentium id ut voluptas. Ad exercitationem odio eveniet voluptatum rerum saepe doloremque.

Ullam voluptas dolorum possimus natus. Rerum nulla fugit tempore quasi porro aut atque. Soluta qui laudantium consequatur quod. Maiores et earum dolorem et doloremque et. Suscipit nesciunt sunt nostrum culpa vero in dolorem. Quis itaque odit sit praesentium.

Career Advancement Opportunities

May 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

May 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

May 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

May 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (65) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”