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

Alvarez & Marsal New York City Reviews

Updated May 4, 2017
16 reviews

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New York City, NY Area

3.0
Star Star Star Star Star
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Alvarez & Marsal Co-Founders & Co-CEOs Tony Alvarez II & Bryan P. Marsal
Tony Alvarez II & Bryan P. Marsal
10 Ratings

16 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. "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.


  2. "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


  3. 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


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  5. Helpful (3)

    "Misc"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Full Time Employee in Richmond Hill, NY
    Current Employee - Full Time Employee in Richmond Hill, NY
    Recommends

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

    Pros

    Great Work and life balance.
    Easy paced.
    Excellent opportunity to learn.

    Cons

    Managers are too laid back and lack desire to effectively manage
    some managers can be vindictive
    no reward for outstanding work
    Suck-up are rewarded more than go-getters/hard workers

    Advice to Management

    Weed out managers who are incompetent and vindictive.
    Employee need to review managers.


  6. "managing director"

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

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

    Pros

    Entrepreneurial - if you can make it work to advance the brand - and make money -they will support you. Independent - if you are able to succeed you have true independence supported by a willing platform.

    Cons

    Independence means lots of loan wolves. They can bite. Cooperation and team building is a challenge.

    Advice to Management

    amend the formula to recognize team building and cooperatoin


  7. "Litigation Support Engineer L3"

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

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

    Pros

    Good working condition. New equipment and updated network . Most of software is up to day.
    Friendly and supportive atmosphere.

    Cons

    Most of the job is for 1 or 2 project and people is laid off after project is finished. It is not a lot of opportunity to grow professionally.


  8. "Analyst"

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

    I have been working at Alvarez & Marsal full-time

    Pros

    Good people, flexibility, life work balance.

    Cons

    Didn't find much room for personal growth.


  9. "Good overall"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Director in New York, NY
    Current Employee - Senior Director in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Great clients, interesting work, work with clients' C-suite

    Cons

    The regional model creates the feeling of separate companies. Each region can operate independently of the others and there is no consistent corporate culture across regions or business offerings. The compensation structure is far more lucrative in certain segments of the business than in others.

    Advice to Management

    invest in infrastructure and people. Back office processes need serious work. Make internal projects count toward utilization and use consulting talent to improve your own business.


  10. Helpful (7)

    "Consultant"

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

    I worked at Alvarez & Marsal full-time (More than a year)

    Pros

    In addition to the

    Very good exposure to upper management in the firm as well as client's upper management. Colleagues are all very accomplished and managing directors are approachable and receptive.

    Cons

    One problem with Alvarez & Marsal ("A&M") is each business unit ("BU"), or practice, operates autonomously from the others, which means they all carry their own P&L. What this means is each BU has to bolster its own earnings. Some BUs work with others but during lean times when an employee is on the bench (not chargeable) the consequence is potentially fatal as the employee can be let go without being afforded the opportunity to explore opportunities to transfer to another BU. This potential risk is exacerbated b/c there isn't an official process by which an employee can explore opportunities in another practice. No one wants to approach his managing director ("MD") to say he'd rather be somewhere else. It's just a risky environment if/when you decide you want to move.

    A second consequence to the autonomous operation of each business unit is the lack of consistent management across the various business units. Each MD effectively rules his own fiefdom and is free to manage, promote, compensate, and bonus employees who are on his P&L or within his BU independently and free from any parameters set by HR or the firm at large. While definitely a pro for a prospective MD, this is a horrible structure for anyone under the MD level. A&M's bonuses are based on a percentage of what the employee charged to clients beyond the cost of his employment (salary, benefits, and so on). The percentage is a window and while the firm apparently suggests the percentage range to its MDs, the reality is bonuses are entirely discretionary. A consultant, for example, could easily perform client-chargeable work up to $500,000 in one year but, since bonuses are entirely discretionary, he might not receive ANY bonus at all. I'm not sure that's okay when that consultant's bonus should have been based on the roughly $400,000 (beyond his cost of employment) he earned his BU. There should be some guaranteed minimum bonus when low level employees are billing that kind of rate.

    Another issue, which perhaps contributes to or enriches the consequences of the aforementioned autonomous operation of each business unit, is the firm's lack of any overarching, cohesive culture. Without any events or outlets to bring employees together or any way to learn about the other BUs, employees easily feel isolated in his BU or under stuck under an MD. In fact, when two consultants work in different BUs, they may as well work for two different firms altogether. At best, given the diverse quality of MD leadership, any team environment and its cohesiveness extends only to the boundaries of ones BU. I frequently heard statements like, "Oh, but he works in (some other) business unit..."

    Having said the foregoing, one can excel at A&M but it takes a lot more than just hard work.

    Advice to Management

    Ensure equal access to professional growth/enrichment opportunities for all employees, regardless of business unit. Implement a process by which


  11. "Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in New York, NY
    Former Employee - Associate in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Alvarez & Marsal full-time (More than a year)

    Pros

    People are nice, have exposure to all kinds of cases.

    Cons

    Some of the departments are not its core business, and the leadership didn't manage the team well.

    Advice to Management

    More training opportunities,


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