Turnaround & Restructuring – MBA Intern

and the job listing Expires on October 8, 2026

Chicago, IL Internship, Co-op, or Experiential Learning

At Alix Partners, 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, Alix Partners 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.

Alix Partners 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 Alix Partners office) and remote working. Travel is part of this position, but the frequency may vary based on client, team, and individual circumstances.

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.

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