Exploring Career Opportunities in Restructuring
I’m seeking to gain a clearer understanding of the restructuring roles available in Canada at top firms such as the Big 4 (Deloitte, EY, PwC, KPMG) and Alvarez & Marsal.
I’m curious if the responsibilities in these roles align more closely with restructuring investment banking—like creditor/debtor advisory, financial modeling, and capital structure analysis—or if they resemble operational turnaround consulting, focusing on areas such as cost reduction, performance enhancement, and interim management. Additionally, in which aspect of these roles is the CPA designation most applicable?
Any insights from those with experience in the Canadian market would be greatly appreciated! Thank you!
One response
Restructuring roles in Canada at firms like the Big 4 or Alvarez & Marsal can encompass elements of both restructuring investment banking and operational turnaround consulting, but the emphasis can vary depending on the specific firm and the nature of the assignments.
Capital structure analysis
These tasks often require a strong understanding of finance and Accounting principles, which makes a CPA designation valuable.
Operational Turnaround Consulting: On the other hand, many restructuring roles, particularly in operational consulting, focus on improving the efficiency and effectiveness of a business. This might involve:
Interim management tactics
In these cases, while a CPA is still relevant, experience in operational management or a background akin to management consulting can be equally important.
CPA Designation: A CPA designation is beneficial across both areas, as understanding financial statements and the overall financial health of a company is crucial in any restructuring context. However, if you’re leaning into roles that require more strategic and operational oversight, other qualifications or experiences in management consulting could enhance your fit.
Overall, if you’re considering a restructuring career, it may be helpful to gain exposure to both financial and operational aspects, as roles can vary widely and often require a blend of skills. Networking with professionals in the field or seeking informational interviews can provide additional insights tailored to your interests and goals. Good luck as you explore this career path!