FTI Restructuring Interview

Granous's picture
Rank: Chimp | 11

I have an interview coming up for FTI Consulting (Boston, NYC one of those area), specifically in their restructuring group. Just wondering if you guys know much about the firm's culture, day-to-day role and type of questions I should be expecting for the role? Thanks alot!.

Comments (27)

Best Response
May 20, 2014

FTI Consulting is a great company, especially if you are just starting your career. FTI is split into "segments"...corporate finance/Restructuring, Forensic & Litigation Consulting (Dispute Advisory), Technology, Economics, and Strategic Communications (which is basically PR and crisis communication).

The 2 largest groups withing FTI are the Corp Fin/Restructuring group and FLC (forensic and litigation consulting). The Restructuring group is a great place to work, and it is filled with a lot of really smart people with strong reputations in the industry. The restructuring world is not that big, so a lot of bringing in business and new projects has to do with how well connected you are and how strong the Partner's industry reputation is. FTI has a great culture, and is a fantastic place to work as a junior employee. There is a ton of post-college workers and young professionals who work hard and also like to have a good time. There is a ton of resources available through the company, and you get all the benefits of working for a large, public, corporation. As FTI is a public company with almost 4,000 employees, it is very structured and organized, especially in terms of position hierarchy.

All of the offices have unlimited snacks and drinks, which is a huge plus. The Corp Fin segment is probably the most important segment to the company. People work hard, so you will not have a problem finding work and being busy. The staffing process is efficient, so at the junior level you have no choice of what type of deal you will be working on...it is just wherever the need is at the time. You may travel, you may not. You might do all debtor work, or you could do all creditors work, or you could do a mix. Hopefully you are aware of the difference between IB restructuring and consulting restructuring, which are largely different.

"The corporate finance/Restructuring segment at FTI Consulting focuses on strategic, operational, financial and capital needs of businesses. They address the full spectrum of financial and transactional challenges faced by companies, boards, private equity sponsors, creditor constituencies and other stakeholders. Our success depends upon achieving optimal results for our clients."

Assuming this is an entry-level role, or at least a junior level hire, be prepared for normal interview questions. You should know your technicals, and be sure to know alot about FTI, their history, what projects they have worked on recently, and how the business runs. You should be fresh on valuation methodologies, basic account questions, financial statement analysis, and a fair amount of behavioral questions as well. I would expect anything that outlandish for this interview, just prepared to talk about yourself and why you would be a good fit for FTI. It is consulting, and these are "people persons," so they want to be able to put you in a board room and have you present to C-Suite Executives. Be confident, clear, and honest. Make sure to ask questions, as people love to talk about themselves and explain their own career paths.

To summarize, FTI is a great company. If you want to do consulting, esepcially corporate finance and Restructuring work, then FTI is the place. There is great exit opps, and people tend to move on to a wide variety of jobs, or go back to business school if that is appealing. Hope this helps...feel free to PM me with more questions, I'm more than happy to help and offer an honest opinion.

PC.

    • 4
May 24, 2014

I was looking into FTI recently, and on glassdoor the salary range looks to be on the lower end. Do you have any salary data points?

Apr 30, 2015

.

May 24, 2014

What level OP?

Apr 30, 2015

anyone?

Apr 30, 2015

Hey, I am curious about this, too. I would appreciate if you could share your experience.

Jun 20, 2014

How was the interview?

Apr 30, 2015

dont confuse FTI for consulting

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    • 2
Apr 30, 2015

Elaborate

    • 1
Apr 30, 2015

where is the interview?

Apr 30, 2015

Phone interview actually.

Apr 30, 2015

I've interviewed with them before. standard phone interview with HR in their head office (atlanta I think). after that they'll pass you along to the office you're interviewing with. From what I have seen the personalities at the firm are great.

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Apr 30, 2015

bump

Apr 30, 2015

also interested. is it usual for people to exit into distressed debt funds/PE/Hedge funds focused on credit?

Apr 30, 2015

I had an interview for their restructuring practice. 10 minutes behavioral, 20 minutes technical, 5 minutes Q&A. The questions were standard i-banking style stuff, but I would say heavier on the accounting and financial ratios side. Know your DCF.

Apr 30, 2015

Thanks hbombbme.

I just had my interview last Friday too. It was mostly fit-based with one technical, which was accounting based. I, too, interviewed for the Restructuring practice.

Apr 30, 2015

they hate bankers.

Apr 30, 2015

@couchy...have you interviewed with them??? If so any similarities/differences compared to ib interviews??

Apr 30, 2015

...

Apr 30, 2015
Comment
Apr 30, 2015