Alvarez & Marsal Reviews in New York City, NY | Glassdoor

Alvarez & Marsal New York City Reviews

Updated May 5, 2017
44 reviews

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New York City, NY Area

3.6
Star Star Star Star Star
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Approve of CEO
Alvarez & Marsal Co-Founders & Co-CEOs Tony Alvarez II & Bryan P. Marsal
Tony Alvarez II & Bryan P. Marsal
30 Ratings

44 Employee Reviews

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Pros
  • great team work, compensation, work-life balance (in 23 reviews)

  • Great pay/bonus program, very good work/life balance, smart people, can make a big impact with a good idea at the firm (in 16 reviews)

Cons
  • Work/Life balance is always an issue in professional services (in 31 reviews)

  • Long hours but that is expected (in 10 reviews)

More Pros and Cons

  1. "Always Striving for Excellence"

    Star Star Star Star Star
    Current Contractor - Senior Director in New York, NY
    Current Contractor - Senior Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Alvarez & Marsal as a contractor (Less than a year)

    Pros

    Solid core values, highest level of integrity and true interest in the team. Hard work that is fun! Quality working environment and focus on exceeding expectations. Best organization I have ever worked with, bar none.

    Cons

    No comments to add at this time.


  2. Helpful (4)

    "Second Rate and Declining"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Managing Director in New York, NY
    Former Employee - Managing Director in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Alvarez & Marsal full-time (More than 3 years)

    Pros

    Generally free of bureaucracy, but mostly because there are no processes worth mentioning and the word "meritocracy" is unknown to upper management. If they like you then you can do what you want.

    Cons

    This is a second rate organisation. The clients are generally middle-market and mid-tier. The leadership (outside of restructuring) are generally B players. The staff are a mix, with some A players (usually former MBB but some Big Four), a thick layer of B players, and a surprising number of Cs and Ds. There is limited accountability and sub-optimal cross-practice coordination. The variability between practices is high. Restructuring, Private Equity Performance Improvement, Tax, and Disputes and Investigations are first rate. Valuation is also very strong. Insurance has some strong personalities and generally is a good practice. Financial Services is a disaster. Poor leadership, exceptionally poor accountability, and poor decision making are rife. Avoid the cyber team there at all costs, the MD is incompetent (he even misspelled the company's own name on promotional material!). Corporate Performance Improvement needs someone who knows corporate performance improvement to improve their corporate performance, but has some good people. Back office functions are sloppy and weak. Basic capabilities such as time entry and travel booking are Stone Age.

    Advice to Management

    Fire the dead weight. Institute real, rigorous management practices. Hire a consulting company that knows what it's doing to help you become a true consulting company.


  3. "Can be good."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in New York, NY
    Current Employee - Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Alvarez & Marsal full-time (More than a year)

    Pros

    Good work culture, senior management tries hard to be inclusive. Great bonus, if you are highly utilized.

    Cons

    Low base which leads to cut throat practices at times to boost utilization.


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  5. Helpful (1)

    "Senior Manager"

    Star Star Star Star Star
    Current Employee - Senior Director in New York, NY
    Current Employee - Senior Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Alvarez & Marsal full-time (More than 3 years)

    Pros

    Challenging work, focus on client service, experienced colleagues, minimal administrative overhead, pay commensurate with performance, clear incentive structure tied to collections and sales.

    Cons

    Work life balance skews pretty severely toward work. Bottom line, this is a family business and at times the family's interests come first.


  6. "Overall pretty good"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in New York, NY
    Current Employee - Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Alvarez & Marsal (More than 5 years)

    Pros

    Good bonuses, entrepreneurial, flexibility, filling the 20 word minimum since I don't know what more to say at this time.

    Cons

    Hyper competitive environment between groups, filling the 20 word minimum since I don't know what more to say at this time.

    Advice to Management

    Prepare for technological advancements, educate staff better


  7. "Fair"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in New York, NY
    Current Employee - Manager in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Alvarez & Marsal (More than 5 years)

    Pros

    Lots of opportunities, compensation package, maternity leave

    Cons

    work-life balance, involvement of junior team members

    Advice to Management

    Get junior folks involved on teams and within the Company.


  8. Helpful (1)

    "Director"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Alvarez & Marsal full-time

    Pros

    Very entrepreneurial. Directors and above basically run their own practices and are encouraged to seek out new business, develop and principal messages and new services.

    Cons

    Very entrepreneurial. Directors and above each have to do all of product and business development, marketing, sales, engagement planning, staffing and fulfillment, client service, pricing and billing. Internal economics make many services less than profitable, regardless of demand or volume.

    Advice to Management

    Reign in hip-shooters and service offerings to maintain work quality.


  9. Helpful (1)

    "Private Equity Team is a great team"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in New York, NY
    Current Employee - Manager in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Alvarez & Marsal (More than 3 years)

    Pros

    Great outlook, great pay, amazing talent and team! Lots of responsibility on projects. Flat hierarchies.

    Cons

    Lesser structure and formal training than other big professional services firms. Not a big downside


  10. Helpful (1)

    "A&M Review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in New York, NY
    Current Employee - Senior Associate in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Alvarez & Marsal full-time (More than 10 years)

    Pros

    Ability to take vacation and attend family matters

    Cons

    No upward movement structure. 100% travel expected


  11. Helpful (1)

    "Executive Administrative Assistant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Administrative Assistant in New York, NY
    Former Employee - Executive Administrative Assistant in New York, NY
    Recommends

    I worked at Alvarez & Marsal (Less than a year)

    Pros

    Excellent environment, supportive staff - no micro managing

    Cons

    Team often worked offsite, lots of downtime in office


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