Alvarez & Marsal

  www.alvarezandmarsal.com
  www.alvarezandmarsal.com

Alvarez & Marsal Reviews in New York City, NY

Updated 8 October 2014
Updated 8 October 2014
105 Reviews
3.8
105 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
52 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 7 reviews)


Cons
  • Work life balance is not great when you're on an an engagement (in 7 reviews)

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

More Highlights

15 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Miserable

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

    I worked at Alvarez & Marsal full-time (more than an year)

    Pros

    Interesting projects
    Good exposure
    Lots of travel

    Cons

    Family fiefdom where Tony the Third rules and everyone obeys
    Poor corporate governance
    Poor ethics

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    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 (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
  3.  

    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 (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
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  5. 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 (more than an 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
  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. 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 (more than an 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
  8. 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 (less than an 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
  9.  

    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 (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
  10.  

    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 (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
  11. 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 (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

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