Restructuring Summer Analyst - 2028

Alvarez & Marsal; Chicago (IL); On-site; USD 34,000 - 48,000; Full time

Job summary

Alvarez & Marsal is seeking a Summer Analyst for 2028 in the Restructuring & Turnaround practice. The role focuses on restructuring engagements for diverse clients and offers exposure to cash flow modelling, financial analysis, and strategic advisory across multiple teams.

You will work closely with senior professionals to support underperforming companies, contribute to client deliverables, and develop a solid foundation in restructuring, bankruptcy and performance improvement through hands-on

Qualifications

• Pursuing an undergraduate or graduate degree in Accounting, Finance, or other analytical fields.
• Comfortable with advanced foundations in Excel and PowerPoint.
• Ability to work against deadlines while supporting multiple streams.
• Able to function well under pressure and work independently.
• Creative problem-solving skills with strong business writing.

Responsibilities

• Gather, analyze and sort large data sets, sometimes unorganized.
• Analyze 13-week cash flow and other financial models.
• Create client deliverables using Excel and PowerPoint.
• Assist in bankruptcy preparation and administration.
• Provide research and pitch deck support with Debtwire, SEC filings, Capital IQ, and more.

Skills

Strong communication

Business writing

Creative problem solving

Work under pressure

Time management

Education

Pursuing undergrad/grad in Accounting/ Finance/ analytical fields

Tools

Excel

PowerPoint

Job description

Description

Summarized: The Summer Analyst role is a 2028 position within the Restructuring & Turnaround practice of Alvarez & Marsal, focusing on restructuring and turnaround engagements for various clients.

Job Description

Summer Analyst 2028, Restructuring & Turnaround (NACR)

About Alvarez & Marsal

Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results-oriented professionals in over 40 countries. We take a hands-on approach to solving our clients’ problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M’s core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are why our people love working at A&M.

The Team

A&M’s Restructuring & Turnaround practice has become one of the largest and most recognized in the industry.

Our successes managing some of the largest crises in the world (e.g. Lehman Brothers and FTX), as well as preserving iconic brands through restructuring (e.g. Red Lobster) have earned us multiple industry awards such as: Turnaround Management Association’s (TMA’s) 2025 Mega Company Turnaround Transaction of the Year – FTX; TMA’s 2025 Large Company Turnaround Transaction of the Year – WeWork; TMA’s 2024’s Mega Company Turnaround Transaction of the Year – Revlon; TMA’s 2024 Large Company Turnaround Transaction of the Year - Proterra. In 2024 A&M was ranked 3 out of nearly 700 consulting firms in the U.S. on Vault Consulting 50, a signature list of the top 50 consulting firms.

How you will contribute

Our Summer Analysts work closely with professionals who support underperforming companies as they navigate their restructuring process and create a lasting positive impact on the organization.

We advise on every aspect of the restructuring process – from strategy, to cash conservation/liquidity management, to business plan development and implementation - providing you with a wide range of experiences and projects. Leveraging resourcefulness and independent judgment, Summer Analysts help develop solutions to critical problems to improve an organization’s overall performance. They apply analytical skills and deep understanding of accounting and finance to a diverse range of projects in turnaround, restructuring, bankruptcy and performance improvement. Involvement with these projects will typically include:

• Effectively gathering, analyzing and sorting through large data sets that sometimes can be unorganized and incomplete.
• Analyzing and updating 13-week cash flow models and other financial models.
• Utilizing Excel, PowerPoint, and other applications to assist in creating client deliverables.
• Assisting in the bankruptcy preparation and administration.
• Providing research and pitch deck support by utilizing various websites and databases including Debtwire, SEC Filings, Company Websites, Capital IQ, and others.

Our Summer Analysts develop an in-depth understanding of our client’s processes, financial statements and key operational performance drivers in order to surface and address key issues, from the big picture to the smallest details.

At A&M our Summer Analysts have the opportunity to work on the most disruptive restructuring and turnaround projects in the industry and the world. They work alongside senior management and a team of experienced A&M professionals from a variety of backgrounds that bring a wealth of industry depth and knowledge. Relying on an ability to effectively handle pressure in stressful situations and prioritize multiple work streams, Summer Analysts will work in a fast paced, deeply collaborative team environment. They will build rapport and develop credible relationships with clients, legal counsel and investment bankers, and be relied on to proactively communicate with the team, external parties and client leadership.

Qualifications

• Pursuing an undergraduate or graduate degree in Accounting, Finance, or other analytical fields.
• Comfortable with advanced foundations in Excel and PowerPoint.
• Possess the ability to work well against deadlines and stay on task while supporting multiple work streams.
• Able to function well under pressure and work independently while understanding when to ask for guidance.
• Creative problem-solving skills with the ability to think through alternative solutions.
• Strong communication and business writing skills.
• Commitment to living A&M’s cultural values: integrity, leadership, objectivity, Inclusive Diversity and fun.

Your Journey at A&M

We recognize that our people are the driving force behind our success, which is why we prioritize an employee experience that fosters each person’s unique professional and personal development. Our robust performance development process promotes continuous learning, rewards your contributions, and fosters a culture of meritocracy. With top-notch training and on-the-job learning opportunities, you can acquire new skills and advance your career.

We prioritize your well-being, providing benefits and resources to support you on your personal journey. Our people consistently highlight the growth opportunities, our unique, entrepreneurial culture, and the fun we have together as their favorite aspects of working at A&M. The possibilities are endless for high performing and passionate professionals.

At Alvarez & Marsal, inclusive diversity is a core value, and we are dedicated to building a diverse, inclusive, and authentic workplace.

Interns are not eligible to participate in Alvarez & Marsal’s fringe benefits programs.

The hourly rate for this position is $25-35 per hour, dependent on several variables including but not limited to experience, skills, and geography.