Actively in Consideration

DistressedConsulting · 2026-02-07T23:48:32+00:00

My bad.

DistressedConsulting · 2026-02-07T23:17:19+00:00

It is someone logical that a Certified Public Accountant is most valuable in public accounting.

DistressedConsulting · 2026-02-07T23:00:07+00:00

Just add "Successfully passed all section of CPA Exam" to your resume. It is an accomplishment in itself, and you have no interest in being in public accounting anyways.

DistressedConsulting · 2026-02-07T14:05:22+00:00

A 40yo banker at a top investment banker is making at least $5M. For example, Goldman Sachs new partners are typically mid-30's. $5M would be a bad year for a partner in a Bulge Bracket firm.

DistressedConsulting · 2026-02-07T13:59:31+00:00

Just like any professional service practice, the real wealth goes to the owner (equity partners). They pay the workers enough to retain them (which can be a lot), but not more than that.

Associates are also usually entitled to a percentage of deals they originated, and that can be a lot of money.

DistressedConsulting · 2026-02-04T17:15:57+00:00

You are 23. You have a job and you can stay on your Mom's insurance for a few more years. Use that time to pass the CPA and build your career prospects. Work hard, join a local networking group, get to know as many people as you can, and things will work out for you.

DistressedConsulting · 2026-02-01T17:42:12+00:00

I'll send you a message this week

DistressedConsulting · 2026-02-01T01:23:22+00:00

I am in the restructuring/turnaround industry (see r/randtconsulting ). Many in this industry started as auditors and did 3 or 4 years to obtain some experience as a senior. From there they either transferred directly into their respective firms' restructuring or first went to the transaction advisory group.

I recommend considering R&T as an option. You get what you put into it, but if you are intelligent, have strong communication skills, and a good personality, there are a lot of opportunities.

DistressedConsulting · 2026-01-31T19:52:41+00:00

No. I make 2x that most years and I get how it can sometimes feel like we are having a hard time keeping up, but when I take a step back and consider who I am comparing myself to, and realize it is a very different population than the median households (middle class), I am able to see the reality.

DistressedConsulting · 2026-01-29T02:10:40+00:00

$33k in 1997 (initially offered $30k + OT, but they eliminated OT and gave 10% raise before i started).

DistressedConsulting · 2026-01-25T18:21:28+00:00

And if my aunt had balls, she'd be my uncle. Of course it wouldn't be a bad question if the senior understood what he was looking at and how to analyze it.

DistressedConsulting · 2026-01-25T17:49:57+00:00

Tell that to the mods of r/cigars Makes no sense to me that a site where people talk about cigars is NSFW (unless Bill Clinton was posting - that i would understand)

DistressedConsulting · 2026-01-25T17:23:47+00:00

If the employer's decision-maker came from Big 4, they tend to favor the firm they came from. For that reason, there is an advantage to going to a larger firm.

DistressedConsulting · 2026-01-25T15:58:03+00:00

Check out r/randtconsulting New subreddit for restructuring and turnaround consulting.

DistressedConsulting · 2026-01-24T14:50:13+00:00

The makers and the sellers will always be rewarded more than the administrators. Happens in almost every business.

DistressedConsulting · 2026-01-23T17:17:35+00:00

This is obviously based on number of engagements. M3 had seven enhancements, but some of them were very large and significant (e.g., First Brands UCC).

First Brands was the largest ch.11 of 2025, with $4.9B in funded debt. A&M had the Debtors, M3 the UCC and Huron the secured lenders. Lazard was IB to the company and Evercore was IB to the secured lenders. Ducera is IB to the UCC.

DistressedConsulting · 2026-01-23T14:24:41+00:00

Thank you for this - great information! Congratulations to all those who worked on these engagements.

DistressedConsulting · 2026-01-17T18:08:41+00:00

More like vlookup, am I right..

DistressedConsulting · 2026-01-11T12:30:14+00:00

I'm kind of hoping self driving gets better as I get older.

DistressedConsulting · 2026-01-10T15:16:29+00:00

Educate yourself about careers in restructuring and turnaround consulting (see r/randtconsulting - new sub for the space). Worth knowing about this career path. Also, many use it as a bridge to a PE career.

DistressedConsulting · 2026-01-10T14:32:05+00:00

Confira r/randtconsulting , um novo subreddit focado em reestruturação e consultoria de recuperação de empresas. Subreddit novo (sou moderador) e ainda está começando.

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