Turnaround & Restructuring - MBA Intern

AlixPartners; United States; Hybrid; USD 44,000 - 88,000; Full time

Benefits offered by this job

Hybrid work model

Travel with client engagements

Job summary

AlixPartners is offering a Turnaround & Restructuring MBA Summer Internship for the Class of 2028, beginning Summer 2027. The program combines training, shadowing, and hands-on client work across distressed or transforming companies in the US, with travel as needed.

The internship may lead to a full-time offer upon graduation, with a flexible hybrid work model. Locations include New York, Chicago, Dallas, or Houston, with New York preferred.

Qualifications

• MBA intern with focus in finance or restructuring.
• Strong modeling and problem-solving skills.
• Experience with data analytics and presenting findings.

Responsibilities

• Analyze corporate performance and profitability in high-stakes client situations.
• Develop and refine financial, operational, and analytical models.
• Prepare client-ready presentations and reports using Excel and PowerPoint.
• Research industry trends and synthesize data to identify root causes.
• Gather data through research, analysis, and client interviews.
• Support teams working with distressed or transforming companies.
• Apply finance, accounting, and analytical concepts to frame analyses and recommendations.

Skills

Financial modeling

Advanced Excel

AI-assisted analysis

Analytical thinking

Communication

Tools

SQL

Tableau

Power BI

Python

R

Job description

Turnaround & Restructuring - MBA Intern - beginning Summer 2027 for the MBA Class of 2028

At AlixPartners, we solve the most complex and critical challenges by moving quickly from analysis to action when it really matters; creating value that has a lasting impact on companies, their people, and the communities they serve. By understanding, respecting, and honoring the needs of our employees, clients, and communities, AlixPartners actively promotes an inclusive environment. We strongly believe in the value that diversity brings to our experiences and are committed to the perpetual enhancements of initiatives, policies, and practices. We hold ourselves accountable by providing the space for authenticity, growth, and equity for everyone.

AlixPartners has embraced a hybrid work model to provide flexibility and support our employees' work-life integration. Our hybrid model combines a mix of in-person (at client site or AlixPartners office) and remote working. Travel is part of this position, but the frequency may vary based on client, team, and individual circumstances.

What you'll do

• Our award-winning Turnaround and Restructuring practice is recognized as one of the leading providers in the market. Our team has worked on many of the world's largest and most high‑profile bankruptcies and restructurings. Since 1981, we have helped set the standard for preserving value in urgent situations, working with management, investors, creditors, and other stakeholders to address complex financial, operational, and strategic challenges.
• The summer internship is an opportunity to explore and understand the Turnaround and Restructuring practice. You will work with specialized and experienced teams in a collaborative environment through training and development, on‑the‑job shadowing on key client matters, networking across levels of the firm, and hands‑on exposure to the work of professionals providing business, financial, operational, and strategic consulting advice to companies that are underperforming, highly leveraged, distressed, or transforming. The internship may provide the opportunity to convert to a full‑time role upon graduation.
• Analyze corporate performance, business models, cost‑reduction opportunities, revenue growth opportunities, and profitability improvement initiatives in high‑stakes client situations.
• Research industry trends and synthesize complex qualitative and quantitative data to identify root causes of business challenges.
• Develop recommendations for new methods, systems, procedures, or organizational changes and prepare presentation materials that clearly explain the analysis, logic, and strategy supporting those recommendations.
• Gather data through research, analysis, and client interviews, as applicable, to understand business issues and support fact‑based recommendations.
• Support teams working with healthy, underperforming, highly leveraged, distressed, or transforming companies across urgent, high‑impact situations.
• Apply finance, accounting, operational, statistical, and analytical concepts to frame analyses, test hypotheses, and support practical recommendations.
• Build or support financial, operational, and analytical models, including analyses related to liquidity, working capital, business planning, performance improvement, strategic alternatives, or value preservation.
• Prepare client‑ready presentations, reports, work papers, and supporting materials using Excel and PowerPoint.
• Use research, data tools, and relevant AI‑enabled tools to support analysis, insight generation, and execution while applying appropriate human judgment, validation, and discretion.
• Provide direction and guidance to analysts, as needed, while working collaboratively with project teams and client stakeholders.
• This description is not designed to encompass a comprehensive listing of required activities, duties or responsibilities.

The Turnaround & Restructuring MBA Summer Internship is a temporary role located in New York, Chicago, Dallas, or Houston. New York is preferred.

What you'll need

Preferred Qualifications

• Experience building and analyzing financial models, such as Discounted Cash Flows (DCF), Leveraged Buyout (LBO) models, 13-Week Cash Flow forecasts, and Three-Statement Models, to project forward‑looking financial performance.
• A professional financial credential - CPA, CFA, CMA, or equivalent - strongly preferred
• Experience using AI-enabled tools to enhance analysis, insight generation, and execution, with an understanding of when human judgment, validation, and discretion are essential.
• Experience using advanced Microsoft Excel capabilities (e.g., pivot tables, formulas, financial modeling and data analysis).
• Exposure to data tools beyond Excel, such as SQL, Tableau, Power BI, Python, R, or similar analytics and visualization tools, is preferred.
• Experience in a professional services, consulting firm, restructuring, finance, investment banking, or other client‑service environment.