I am in the process of assisting a recent FTMBA graduate from Tuck/Ross/Darden/Fuqua following news that their return offer at a lead mid-market investment bank is no longer available. We've briefly discussed interest in restructuring consulting, especially in light of COVID-19 developments. Cursory searches through the forums suggest that Alvarez & Marsal,, and Alix Partners are considered among the best. Is this accurate? Is there any disparity between the three? How about Berkely Research Group?
My friend has separate undergraduate degrees in finance and accounting from a state university, is a licensed CPA, and spent 3.5 years in audit serving large financial institutions prior to business school. Their background seems to align with many of the preferred qualifications listed online.
With that said, I've noticed that organizational structure and payscale vary across all three firms, and I'm hoping that the WSO CO Boards can lend some insight into each firm's differences. To which positions should they be applying? Again, a brief review online suggests that experienced hires with an MBA should be entering at the senior associate (Alvarez & Marsal), Director (FTI Consulting), and Vice President (Alix Partners) levels for these firm's restructuring practices. Is this correct? If so, how long will these hiring processes take? I've noticed that some individuals have complained of unusually long interview processes.
Apologies for the long-winded post. I appreciate any insight or assistance that can be provided!