Hi All, In a unique situation and would appreciate some insight. Incoming 1st/2nd year analyst with full-time offers from McKinsey RTS/Transformation (their restructuring group) and A&M in their Restructuring & Turnaround group. Tier 1 city. Can anyone provide some color on pros and cons? Total comp, career progression, brand name e.t.c.? Project differences?

McKinsey certainly gives you a more brand name that may make many things easier for you down the line. Top 10 business schools, for instance, might give a preference to McKinsey on your resume (all other things being equal of course). If you decide you don't want to do restructuring work, McKinsey is a more recognizable brand name. You're young and at the start of your career, so McKinsey is a fantastic place to start and gives you huge optionality. That said, I went from A&M (not the restructuring group) out of undergrad to PE after MBA.

Interesting choices. #1 of the MBB vs arguably #1 within RX consulting. You actually see MBB leave to A&M and much of that space has been formed by former MBBers. So if RX is definitely where you want to stay, hard to pass up A&M. McK gives you tons of optionality. Really can't go wrong. The turnaround stuff is intriguing. Would give you great experience to be an operator within the PE Portco space. Different role than an investor but imagine turning around multiple distressed companies and getting some carry in that pursuit. A&M places quite well on the League Tables.

Show me a league table with Mck crushing it in RX consulting? While they may have a RX practice, and as seen elsewhere on the forum, it's almost undisputed that Alix, FTI, and A&M are the de-facto top 3 RX consulting firms. Out of Court League Table: Debtor Engagements - https://pipeline.thedeal.com/leaguetables/outofcourt Creditor Engagements - https://pipeline.thedeal.com/leaguetables/outofcourt Bankruptcy League Tables: https://pipeline.thedeal.com/leaguetables/bankruptcy Edit: links are working properly, but you can search for yourself to see.

McKinsey Transformation vs A&M Rx Offer Choice Advice

ConsultingQs

Senior Gorilla

Personally I’d start at McKinsey for the more versatile brand name. Especially if you think you might want to move to PE after, having a prestigious brand on your resume is a must for a lot of shops. McKinsey also gives you the added flexibility of being able to exit more broadly if you decide you don’t want to be in restructuring long term, and it’s grad school placement will be much better if that’s something you care about. Comp isn’t as good as A&M, but I’m confident that moving from RTS to a restructuring shop 2-3 years down the road would be relatively straightforward.

That being said, A&M is a great company and no means the ‘wrong choice’ if you find that it appeals to you more than RTS

I don’t know much about the differences in projects and experience, but I got the sense from previous research when I was interested in the space that RTS’s pipeline would have a bit more of a lean towards ‘transformation’ projects that have bit more of a strategy consulting flavor or component but in a distressed context, rather than just pure bankruptcy-oriented work. For example, I imagine they sell some projects that are debtor restructuring mandates with ‘long term strategic planning’ components tacked on. That’s worth fact checking me on though

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McKinsey Transformation vs A&M Rx Offer Choice Advice

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