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Anonymous A

on Jan 25, 2019

Global

Turn around and restructuring consulting

Hello,

what is the main difference between turn around and restructuring consulting? (level of distress?)

What is expected from this activity as a consultant?

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Sidi

Coach

on Jan 29, 2019

McKinsey Senior EM & BCG Consultant | Interviewer at McK & BCG for 7 years | Coached 400+ candidates secure MBB offers

I don't believe there is a main differentiation between the two terms. They are widely used as synonyms in the industry!

Cheers, Sidi

Sergey

on Jan 29, 2019

I recently had an interview with one of the companies in that space.

For them,

turnaround = a campany might fail in 1-2 years because of operational underperformance

restructuring = time to a restructurring situation <=12 mth