Restructuring and insolvency - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Restructuring and insolvency

Reply
 
Thread Tools
  #1 (permalink)  
Old 15-04-2021, 12:48 AM
Junior Member
 
Join Date: Oct 2020
Posts: 2
jobless person is on a distinguished road
Default Restructuring and insolvency

Hi, anyone knows the pay range for this role?

Is it any different from corporate advisory?

Thanks

Reply With Quote
  #2 (permalink)  
Old 16-04-2021, 05:12 PM
Unregistered
Guest
 
Posts: n/a
Default

Interested too, what's the day to day job scope like?

Reply With Quote
  #3 (permalink)  
Old 22-04-2021, 06:05 PM
Unregistered
Guest
 
Posts: n/a
Default

It really depends on the company's ability to generate restructuring projects in Singapore. Likely, nTan is the person who eats everything. He is the kingpin locally for all prominent lucrative projects, and Borreli walsh.

Most of the time for the boutique ones like RSM, Baker, big 4 even, you'll be doing liquidations, court liq, creditors voluntary windup etc. Its mainly pushing paper and printing letters, editing databases of creditors, nothing too hard to be honest.

If you managed to get into BW and NTan or Big 4, depending on your staffing, maybe you will get a CRO role, you get to beg banks to stall repayments or come out with a repayment plan, try to upend senior creditors if u are junior, cash out assets (mines, ships etc).

Paywise you'll be using big 4 as benchmark, boutique's pay probably take 10-20% lesser of big 4 benchmark. Nothing too interesting in a boutique firm, unless u enjoy doing paperwork and waiting for ink to dry. Bonuses for boutique probably AWS, but BW and Ntan potentially 3-6 months depending on your staffing on engagements.

Life style in Boutiques you are looking at 9-6 pm, hardly OT. Stronger restructuring could be 3-4 am. Pretty intense but you will get to learn and see alot of how crazy the world is..

Reply With Quote
  #4 (permalink)  
Old 22-04-2021, 06:16 PM
Unregistered
Guest
 
Posts: n/a
Default

Iím in one of the B4ís valuation team and i talk to the rx people alot. If you wanna do rx, go for the B4. If you ever get bored can easily switch to m&a etc. boutiques really lower your exit ops
Reply With Quote
  #5 (permalink)  
Old 23-04-2021, 08:28 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
It really depends on the company's ability to generate restructuring projects in Singapore. Likely, nTan is the person who eats everything. He is the kingpin locally for all prominent lucrative projects, and Borreli walsh.

Most of the time for the boutique ones like RSM, Baker, big 4 even, you'll be doing liquidations, court liq, creditors voluntary windup etc. Its mainly pushing paper and printing letters, editing databases of creditors, nothing too hard to be honest.

If you managed to get into BW and NTan or Big 4, depending on your staffing, maybe you will get a CRO role, you get to beg banks to stall repayments or come out with a repayment plan, try to upend senior creditors if u are junior, cash out assets (mines, ships etc).

Paywise you'll be using big 4 as benchmark, boutique's pay probably take 10-20% lesser of big 4 benchmark. Nothing too interesting in a boutique firm, unless u enjoy doing paperwork and waiting for ink to dry. Bonuses for boutique probably AWS, but BW and Ntan potentially 3-6 months depending on your staffing on engagements.

Life style in Boutiques you are looking at 9-6 pm, hardly OT. Stronger restructuring could be 3-4 am. Pretty intense but you will get to learn and see alot of how crazy the world is..
Hi, noticed that you separated BW and NT from the boutique firms in the second paragraph, are those 2 considered boutique too?

Also, who are the big players if big 4, rsm and BT are considered boutique?
Reply With Quote
  #6 (permalink)  
Old 23-04-2021, 11:15 AM
Unregistered
Guest
 
Posts: n/a
Default

Sry didnt meant to classify B4 being boutique, please forgo what i've said for that.

There is always a preconceived notion that in B4 it is easy to switch teams. If you are good in your work, your boss will want to keep you, if you suck at your work, your boss wont want to let you go over to the other team to save his face. In the rare chance that you managed to impress people properly, you get to go. Honestly, you don't get to do much "M&A" stuff in local restructuring, I cant see any reason you can sell much of your skills and work experience to justify a similar associate role in M&A.

But B4 is still better than getting holed in boutique doing lameass liquidations where you follow a checklist of items to be done.

They are the "elite" boutique, if there is even this term for the restructuring guys. They are specialists in the restructuring space, NTan did TT international restructuring and many more high profile cases, hearsay he is the preferred adviser for a big local bank when it comes to distressed assets.

Big guys that are active in local industry are NTan, PwC, EY, KPMG (deloitte is more focussed on sports..), BW

Culturally local businesses are too narrow minded and tight fisted to let go of some cash to employ turnaround consultants when things are going downhill. Often when they finally decided to hire one, its probably too late usually

Exit opp wise - bank NPA, Distressed assets, another boutique firm (it is very common to see them hop around, just a quick surf on LinkedIn and you can tell), B4

IF you are tired of doing audit, consider hopping over to restructuring teams in B4 or boutique for a better 9-6 life. But be wary that you may feel too comfortable and end up being pigeon holed for the rest of your life in this industry.
Reply With Quote

  #7 (permalink)  
Old 23-04-2021, 02:51 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hi, noticed that you separated BW and NT from the boutique firms in the second paragraph, are those 2 considered boutique too?

Also, who are the big players if big 4, rsm and BT are considered boutique?
The accounting firms are NOT restructuring firms. Same as why their corporate finance arm are not considered in the same league as BB investment banking
Big 4, BT, RSM are accounting firms
The real restructuring firms in Singapore are nTan, FTI Consulting, A&M, Alix, BW and Houlihan lokey. The big 4 are paper pushers
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Is restructuring the same as retrenchment? lawlee Income and Jobs 2 28-08-2020 10:49 AM
Previous Company Insolvency wsxesz Income and Jobs 1 24-09-2014 10:02 AM
Latest Debt Restructuring Packages (Don't Miss!) [email protected] Marketplace and Find Work 0 07-06-2013 04:58 AM

» 30 Recent Threads
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
5,870 Replies, 1,532,293 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,117 Replies, 1,420,054 Views
Lawyer Salary ( 1 2 3... Last Page)
11,160 Replies, 3,786,436 Views
Banks' Pay and Bonuses ( 1 2 3... Last Page)
217 Replies, 108,740 Views
ST Electronics ( 1 2 3... Last Page)
2,080 Replies, 434,085 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,279 Replies, 4,102,256 Views
How much savings do you have? ( 1 2 3... Last Page)
1,325 Replies, 585,343 Views
Job Offer Advise ( 1 2 3)
23 Replies, 2,005 Views
How is life as a doctor in... ( 1 2 3... Last Page)
2,008 Replies, 1,187,746 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
1,352 Replies, 975,569 Views
Job Application with MOE... ( 1 2 3... Last Page)
302 Replies, 271,360 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
65 Replies, 13,361 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,692 Replies, 2,272,798 Views
prospects of a scholar ( 1 2 3... Last Page)
79 Replies, 113,885 Views
GIC career ( 1 2 3... Last Page)
297 Replies, 407,803 Views
Dsta ( 1 2 3... Last Page)
922 Replies, 654,893 Views
Grab Software Developer Fresh... ( 1 2 3)
20 Replies, 1,895 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
479 Replies, 118,338 Views
Compare civil service salary ( 1 2 3... Last Page)
11,704 Replies, 6,708,827 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
331 Replies, 197,722 Views
Engineer Pay ( 1 2 3... Last Page)
239 Replies, 86,903 Views
JP Morgan ( 1 2 3... Last Page)
94 Replies, 42,743 Views
Career in the SEO field
3 Replies, 2,124 Views
Working culture @ IDA ( 1 2 3... Last Page)
157 Replies, 170,971 Views
MCI and IMDA ( 1 2 3... Last Page)
79 Replies, 33,229 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
132 Replies, 153,842 Views
Credit Suisse vs Rabo Bank vs OCBC
8 Replies, 4,872 Views
DBS tech seed programme ( 1 2 3... Last Page)
469 Replies, 109,282 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:57 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2