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

Alvarez & Marsal New York City Reviews

Updated June 8, 2017
45 reviews

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New York City, NY Area

3.8
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Alvarez & Marsal Co-Founders & Co-CEOs Tony Alvarez II & Bryan P. Marsal
Tony Alvarez II & Bryan P. Marsal
31 Ratings

45 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. Helpful (2)

    "Depends who you work for"

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

    I worked at Alvarez & Marsal as a contractor (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 Management

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


  2. Helpful (5)

    "Miserable"

    StarStarStarStarStar
    • 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
    Negative Outlook
    Disapproves of CEO

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

  3. Helpful (1)

    "ok not great"

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

    I have been working at Alvarez & Marsal full-time (More than 8 years)

    Pros

    Great colleagues and employee perks.

    Cons

    unreasonable hours, below average salaries for corporate staff, ridiculous work load, and no upward mobility

    Advice to Management

    Allow flexible schedules and telecommuting, you preach about work life balance but don’t provide any option other than vacation time .


  4. Helpful (2)

    "Nepotism reigns"

    StarStarStarStarStar
    • 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
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Good reputation in restructuring space - niche player in PRivate Equity and public sector

    Cons

    Old boys network if there ever was one. If you are either ex- Andersen or a family member with "Alvarez " or "Marsal" last name you will be fine.

    Advice to Management

    If you really want to grow then leverage the Private Equity foothold to develop some capabilities that can apply to Corporate America. hire some legitimate players from consulting firms that were not named Andersen and get them into leadership positions


  5. "Manager"

    StarStarStarStarStar
    Current Employee - Manager in Brooklyn, NY
    Current Employee - Manager in Brooklyn, NY

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

    Pros

    -work/life balance
    -good medical coverage for families

    Cons

    -no opportunity for prof development
    -no vision to move the company forward


  6. Helpful (1)

    "Director"

    StarStarStarStarStar
    • 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.


  7. Helpful (10)

    "Second Rate and Declining"

    StarStarStarStarStar
    • 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.

  8. Helpful (3)

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

    StarStarStarStarStar
    • 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
    Neutral Outlook
    Approves of CEO

    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


  9. "Work in consulting, not in corporate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Positive Outlook

    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 Management

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


  10. "Arthur Andersen recreated?"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Partner in New York, NY
    Former Employee - Partner in New York, NY
    Neutral Outlook
    Disapproves of CEO

    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 Management

    bring in more outsiders


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