Alvarez & Marsal

  www.alvarezandmarsal.com
  www.alvarezandmarsal.com
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Alvarez & Marsal Reviews in New York City, NY

Updated 8 August, 2014
Updated 8 August, 2014
94 Reviews
3.6
94 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Alvarez & Marsal Co-Founders & Co-CEOs Tony Alvarez II & Bryan P. Marsal
Tony Alvarez II & Bryan P. Marsal
45 Ratings

Review Highlights

Pros
  • Expertise, work-life balance, cases are pretty interesting (in 5 reviews)

  • Great people who I enjoyed working with for the most part (in 6 reviews)


Cons
  • Travels and sometimes bad work-life balance (in 5 reviews)

  • 100% travel and very long hours (defined clearly going in) - just takes a toll on family life (in 6 reviews)

More Highlights

14 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Senior Director

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Director  in  New York, NY (US)
    Current Employee - Senior Director in New York, NY (US)

    I have been working at Alvarez & Marsal full-time for more than 5 years

    Pros

    Lots of growth and opportunity.

    Cons

    Growing pains- less structure which is positive and negative.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great business culture; suffering corporate culture...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Support Analyst  in  New York, NY (US)
    Former Employee - Support Analyst in New York, NY (US)

    I worked at Alvarez & Marsal full-time for more than 5 years

    Pros

    Very interesting and diverse people

    Cons

    Politics involved with the corporate department thus providing a higher than usual turnover rate.

    Advice to ManagementAdvice

    Start actively paying attention to the wants and complaints of your employees.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Flexible, high-paying, and entrepreneurial firm that continues to grow.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Associate  in  New York, NY (US)
    Current Employee - Senior Associate in New York, NY (US)

    I have been working at Alvarez & Marsal full-time for more than a year

    Pros

    Very flexible, informal and entrepreneurial work environment. Compensation is better than any comparable firm. The firm has really been growing in the last few years, and out-dated back office tools are being upgraded significantly.

    Cons

    Workload can be very slow at times. There are occasional internal squabbling over which group is going to be allocated a project.

    Advice to ManagementAdvice

    Keep doing what you're doing. The firm could use additional directors and senior directors to provide a better allocation of work.

    Recommends
    Approves of CEO
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  5. 6 people found this helpful  

    Inconsistent

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  New York, NY (US)
    Current Employee - Anonymous Employee in New York, NY (US)

    I have been working at Alvarez & Marsal full-time for more than a year

    Pros

    There are some smart people, and some interesting engagements. Lots of opportunity to work with former industry operators, some of whom are very good. Good work/life balance. Nice people for the most part.

    Cons

    Many senior resources are of very poor quality, lacking basic consulting skills. This can make projects very frustrating for those with a consulting background. I would advise undergrads and recent MBAs to go elsewhere, as you can't be guaranteed to learn a consulting skillset at A&M.

    There is a very heavy sales culture, which leads to overselling and often to underdelivery. There's a lot of talk about putting clients first, but management cares exclusively about the top line. .

    The senior-most leadership at A&M is extremely conservative. It is an old-boys club, and this seems to make meaningful career advancement difficult to impossible.

    Advice to ManagementAdvice

    Focus on client value, not sales. Cash-oriented compensation model based on restructuring legacy is illogical. Improve overall quality at SD/MD level, it can't just be about their rolodex. Revise career path model.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  6.  

    Great firm, but not easy to build a career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager  in  New York, NY (US)
    Former Employee - Manager in New York, NY (US)

    I worked at Alvarez & Marsal full-time

    Pros

    Great brand in restructuring/turnaround/performance improvement

    Cons

    Poor resource management; many silos

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7. 2 people found this helpful  

    Depends who you work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Associate  in  New York, NY (US)
    Former Employee - Senior Associate in New York, NY (US)

    I worked at Alvarez & Marsal as a contractor for less than a year

    Pros

    Free soft drinks and snacks.

    Cons

    - Contract-to-perm is really just contract: I was told during interviews my position was new, only to find out I was replacing the previous contract person. At first I was given almost nothing to do for two months despite repeated requests to help or for projects. I wanted to tear my hair out, the days were so slow. Two months in, HR tried to recruit me via my personal email FOR THE SAME POSITION I WAS CURRENTLY IN. Whoops. Two days later I was told my contract would not be renewed, with no explanation for why. Then (without my having to ask) I was given plenty to do, and told I was doing a great job, until the end of my contract.
    - Although I faithfully and honestly recorded my hours the entire time I worked there, when I received my final check, it was inexplicably six hours shy of the actual time I worked the last half-week. If anybody felt I was being in any way dishonest with my timesheet, I wish we could have had a conversation about it before they changed my timesheet, because I worked every one of those hours.
    - They pay monthly, not bi-weekly, which is a real drag.

    Advice to ManagementAdvice

    Your "no #%@!" policy is a good one, now make it happen. I had the impression my colleagues were as miserable as I was there.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  8.  

    Arthur Andersen recreated?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Partner  in  New York, NY (US)
    Former Employee - Partner in New York, NY (US)

    I worked at Alvarez & Marsal full-time for more than 5 years

    Pros

    well known player in restructuring and PE

    Cons

    insider and family dominated more than you would expect

    Advice to ManagementAdvice

    bring in more outsiders

    Neutral Outlook
    Disapproves of CEO
  9.  

    Work in consulting, not in corporate

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  New York, NY (US)
    Former Employee - Anonymous Employee in New York, NY (US)

    I worked at Alvarez & Marsal full-time for more than 3 years

    Pros

    If you're a consultant, you're probably working with bright, talented people who have come from all over to work with other bright, talented people.

    Cons

    The loyal and lazy are treated with impunity. The loyal and hard-working aren't rewarded as they should be. Getting buy-in for corporate projects can be a nightmare.

    Advice to ManagementAdvice

    Let the visionaries be visionary. Don't settle for mediocrity.

    Positive Outlook
  10. 2 people found this helpful  

    Great Experience and $$, Bad Attitude and Work/Life Balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director  in  New York, NY (US)
    Current Employee - Director in New York, NY (US)

    I have been working at Alvarez & Marsal full-time for more than 8 years

    Pros

    Great Compensation
    Smart co-workers and bosses
    Projects can be interesting
    Can learn a lot, be exposed to a lot
    Project teams vary, so you get to work with different people and styles
    Travel, if you like it

    Cons

    Hours can be unreasonable for long periods of time (depending on project & team)
    Work can be tedious and boring (depending on project & team)
    Travel, it gets old being away from home more days than not
    Management has an attitude, important to be part of the good old boys club
    As time goes on, there is more and more deceit - with the client, with the clients advisors and amongst ourselves, etc - it's tough to keep the story straight when working with people, and it makes for an uncomfortable environment
    Cut-throat atmosphere amongst peers, a culture where putting others down can help you get promoted
    The culture and values they say they believe in (family first, not pumping hours...) are not actually there in practice

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Self Managed and Disciplined

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager  in  New York, NY (US)
    Current Employee - Manager in New York, NY (US)

    I have been working at Alvarez & Marsal full-time for more than 3 years

    Pros

    Staff are expected to be fully self-managed and able to conduct the firm's business in front of client's at all levels. Being "technical" is not frowned upon, but embraced at all levels in the firm.

    Cons

    The compensation model doesn't accomdate for years where billable collections do not exceed the salary threshold to qualify for bonus.

    Recommends
    Positive Outlook
    Approves of CEO

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