Alvarez & Marsal Case Interview Practice: Free Case and Prep Resources
Alvarez & Marsal's early careers FAQ says its interviews use behavioral-based techniques and, depending on the role, may add a case study, business plan or technical assessment. Unlike McKinsey, which publishes sample cases with suggested answers, A&M's pages publish no case to practice, so ask your recruiter what your role includes.Alvarez & Marsal (opens in a new tab), read ; McKinsey (opens in a new tab), read
Try a free Alvarez & Marsal-style case now: ColdLink Turnaround. No card, no signup.
Free, no signup: 2 worked cases with model answers. Free, no card: your first full practice case with an AI interviewer. Paid: Pro $49/month for every case.
Updated ·By Esteban Ronsin·Founder · former Deloitte and Accenture Strategy consultant
Built and reviewed with former McKinsey, BCG and Bain consultants and interviewers.
Free Alvarez & Marsal interview prep resources
Alvarez & Marsal interview prep resources: what you get, whether it is free or paid, and the link
Resource
What you get
Free or paid
Link
A&M early careers FAQ
A&M's own answer on how it interviews: behavioral-based conversations about projects you did, and, depending on the role, a case study, business plan or technical assessment
Free. Published by Alvarez & Marsal, checked Nov 11, 2026
Practice cases for Alvarez & Marsal interviews6 cases
6 library cases matched to Alvarez & Marsal's case types, run out loud with an AI interviewer or step by step and scored on 7 skills; start with MetroFresh Distribution Center Operations Turnaround
Free + paid. The case list and a worked excerpt are public; a free account includes 1 full AI-graded case in voice or guided mode; Pro ($49/month) adds every case
Bramblewood Garden Centers: turnaround case with answers Industry: Retail. Difficulty: medium.1 math question.
Why did a 30-store garden center chain swing from profit to a large loss, and what should it do in the next 12 months to satisfy its lender? 6 questions, 3 exhibits, a model answer for each
Free. The whole case and every model answer, no account; the practice button opens a live case like it
Halvering Valley Hospital: operations case with answers Industry: Healthcare. Difficulty: hard.2 math questions.
Why are four times as many patients walking out of a community hospital's emergency department before being seen, and which fix should the hospital fund? 7 questions, 4 exhibits, a model answer for each
Free. The whole case and every model answer, no account; the practice button opens a live case like it
Alvarez & Marsal fit and behavioral questions answered out loud, with follow-up probes and structured feedback (choose Alvarez & Marsal on the page)
Free + paid. 1 behavioral or Learning Mode session with a free account; Behavioral Unlimited ($39/month, behavioral and PEI only) or any Pro plan adds more
How the A&M interview is reported to run by practice (restructuring, private equity performance improvement, transaction advisory), with a worked cash case
Firm-style cases are practice cases written for Road to Offer or adapted from university consulting club casebooks, not the firm's own cases. Road to Offer is independent and not affiliated with Alvarez & Marsal.
Try a free Alvarez & Marsal-style case now: no card, no signup
An original practice case written by Road to Offer in an Alvarez & Marsal-style format, not Alvarez & Marsal's own case. Everything stays in your browser.
ColdLink Turnaround: A frozen-food distributor's service slump
A&M does not publish a case. Its early careers FAQ says some roles include a case study, and its performance improvement page describes practical, results-driven work, so this is an operations turnaround: service falls, cost rises, there is no money for big projects. The full version is MetroFresh Distribution Center Operations Turnaround, a general library case, not A&M material. Alvarez & Marsal (opens in a new tab), read
1Step 1: Read the case
ColdLink delivers frozen food to about four hundred grocery stores from two warehouses. Over the last year its on-time-in-full delivery rate fell from 97% to 88% while the cost to fulfil an order climbed, and stores now charge it penalties. The COO wants service back above 95% and margin recovered within two quarters. How would you approach it?
2Step 2: Ask clarifying questions
Open a question to hear the interviewer's answer.
What does ColdLink do, and where?
Interviewer: It stores frozen goods and delivers them to about four hundred grocery stores from two warehouses in one region.
Is the problem service, cost or both?
Interviewer: Both. Delivery on time and in full fell over the year, and the cost per order rose over the same period. Stores now charge penalties for late or short deliveries.
Has demand changed?
Interviewer: It has grown modestly, and it swings more from shift to shift than it used to.
Can we spend on new equipment or automation?
Interviewer: No. With two quarters to deliver, large capital spending is off the table. Temporary labor is possible, but the COO wants it limited.
Which warehouse process has the most errors?
Interviewer: Picking, where workers collect the items for each order, has the highest error rate. You will get the figures once you have a plan.
3Step 3: Structure your answer
Take two minutes. Lay out how you would find out why service fell and cost rose, what you would look at first, and how you would judge the fix.
2:00
Show what a strong structure covers
Plays the goal back: service above 95% and margin recovered in two quarters, with no big capital spend.
Splits service into where orders fail (receiving, picking, packing, dispatch, transport) and when (by shift, by warehouse), instead of guessing one cause.
Checks capacity against demand: how many order lines arrive each shift and how many the people on that shift can handle.
Looks at quality and rework: error rates by step and what each error costs in re-delivery, credits and penalties.
Separates quick fixes (shift balance, pick paths, overtime rules) from structural ones, and ranks them by service gained per dollar spent.
Names the guardrails: weekly service and cost per order, so cost cuts do not push service back down.
4Step 4: The interviewer's next question
Daily demand is 30,000 order lines and the pickers can handle 24,000. Each picker does 100 lines an hour over an 8-hour shift. How many extra picker shifts close the gap?
Show what a strong answer does
The gap is 6,000 lines. One picker shift handles 100 × 8 = 800 lines, so 6,000 / 800 = 7.5: about eight shifts. A strong answer says both numbers out loud, rounds up and then asks whether new people are the right fix, or whether pick paths and shift balance can release capacity first, before comparing the labor cost with the penalties.
A&M says its hands-on operations experience made it the "go-to" consulting firm for turnaround and restructuring, and it has done this work since its 1983 start. Source: Alvarez & Marsal, read (opens in a new tab)
Each arrow opens the source: Alvarez & Marsal, read Nov 11, 2026.
Everything A&M publishes about its interviews, page by page
A&M publishes no practice cases, so this is every page that describes how it recruits and what it works on, each opened in a browser on 11 November 2026. Each line is our summary of the page. Read on Alvarez & Marsal's site .
Everything A&M publishes about its interviews, page by page: level, area and what each one is, linked to Alvarez & Marsal's page
When recruiting happens, what A&M looks for, how interviews work (behavioral-based, with a case study, business plan or technical assessment for some roles) and the resume-summary tip.
Entry-level and advanced roles for people ideally nine to twelve months from graduation, and the four qualities A&M names: entrepreneurial spirit, eagerness to learn, proactive approach and relationship building.
The four-step candidate journey, the accounting-degree and CPA-eligibility requirement for its summer internship, and what interns work on (due diligence, financial statements, turning data into findings).
Due diligence and post-acquisition work for investors, centred on EBITDA at the portfolio company. Useful vocabulary for a diligence case.
What Alvarez & Marsal looks for, in its own words
Entrepreneurial, critical, always learning
A&M's early careers FAQ says it seeks candidates with “an entrepreneurial spirit, strong critical thinking skills and a commitment to lifelong learning”. Source: Alvarez & Marsal, read (opens in a new tab)
A&M says that in your initial conversation the Talent team gives you the information you need to prepare for your interviews. This is where you learn whether your role includes a case, a business plan or a technical assessment.
A&M's Transaction Advisory Group says the recruiting team contacts selected candidates for initial virtual interviews. Other practices do not publish their stages, and A&M says the number of interviews varies by role.
A&M says its interviews use behavioral-based techniques and that it wants to hear about previous projects you took part in, led or started. It calls interviewing a two-way process in which you also learn about its people, culture and values.
Case study, business plan or technical assessment, depending on the role
A&M says that depending on the role you could be asked to complete a case study, a business plan or a technical assessment. It does not publish an example of any of them, so confirm which applies to your role and practice.
A&M's Transaction Advisory Group says selected candidates are invited to final in-person interviews. Candidates report two to three rounds in total across practices, with a Super Day in some offices; A&M's pages do not confirm that.
A&M says early career recruiting happens year-round, with most interviews in the fall of junior or senior year and some teams also recruiting in spring; in parts of Europe and Asia it seeks interns and working students throughout the year.
Missing from Alvarez & Marsal's pages: whether your role has a case, what it covers and how long it lasts, who leads it, how many rounds each practice runs, how answers are scored, what the technical assessment tests, and when offers are made.
12 Alvarez & Marsal-style interview questions
In our words, not A&M's, grouped by what A&M says it does: behavioral-based interviews, then the case study, business plan or technical assessment some roles add, with what a strong answer does.
Behavioral-based interview
A&M: behavioral-based techniques, with projects you took part in, led or started.
1Tell me about a project you led and what you personally decided.
What a strong answer does: Names the goal, the exact decision that was yours, one number that shows the result, and what it would change; it does not say "we" for the whole story.
2Describe something you started without being asked.
What a strong answer does: Shows the trigger, what was at stake and what it did, in under two minutes, with a result and a lesson. A&M names entrepreneurial spirit first.
3Tell me about a time you worked under pressure with incomplete information.
What a strong answer does: Says what was unknown, how it made a call anyway and what it checked afterwards; a restructuring practice values calm decisions on partial data.
What a strong answer does: Names something A&M says about itself, such as its restructuring heritage, hands-on work or independence from audit, and ties it to a project of yours, in about a minute.
Case study: turnaround and performance improvement
A&M: a case study for some roles. Candidates report cases tied to the practice.
5A distributor's on-time delivery fell from 97% to 88% while cost per order rose. Where do you start?
What a strong answer does: Plays back the goal, splits failures by step and shift, checks demand against capacity and error rates, and names one quick fix and one structural one before any solution.
6A company's profit fell by a third while sales grew slightly. How do you find out why?
What a strong answer does: Builds the bridge from last year to this year by price, volume, mix and cost line, and asks first for the line that moved most, not for a long list of ideas.
7A manufacturer wants to close one of two plants. How do you decide which, if either?
What a strong answer does: Compares the full cost of each plant, the cost of moving volume and the one-off closing cost, checks capacity and service risks, and answers with a number and a payback period.
8A retailer's turnaround plan needs cash within two quarters. Which levers do you pull first?
What a strong answer does: Orders the levers by speed and size: inventory and receivables, then cost, then prices, and checks each against the effect on customers before committing.
A&M: a technical assessment for some roles. Candidates report modeling tests with cash and EBITDA math.
9A company has 12 million in cash, a 3 million minimum balance and burns 1.5 million a week. How long until it hits the minimum?
What a strong answer does: Subtracts the floor first: (12 - 3) / 1.5 = 6 weeks, says the burn is assumed constant and names what could make it worse, such as lumpy payroll or interest weeks.
10A portfolio company has 200 million in sales and a 10% EBITDA margin. A plan adds 6 million from purchasing and 3 million from pricing but costs 2 million a year in extra labor. What is the new margin?
What a strong answer does: Starts with 20 million of EBITDA, adds 6 + 3 - 2 = 7 for 27 million, divides by 200 million for 13.5% and asks how sure the savings are.
11Sales are 730 million a year and receivables are 90 million. How many days of sales are tied up, and what would cutting five days release?
What a strong answer does: 90 / 730 × 365 = 45 days. One day of sales is 2 million, so five days frees about 10 million; says it is one-off cash, not profit.
12A chart shows a division's cash margin falling for four quarters while sales hold flat. What does it tell you and what do you ask next?
What a strong answer does: Says costs are rising faster than sales, then asks which cost line moved and whether the change is a timing effect, before proposing anything.
A&M says its interviews are behavioral-based and that a case study is one of three things some roles add. Learn which one your role uses before you spend a week on frameworks. Source: Alvarez & Marsal, read (opens in a new tab)
A&M suggests a customized summary at the top of your resume about the role and why you want to join. A generic one wastes the first lines the recruiting team reads. Source: Alvarez & Marsal, read (opens in a new tab)
A&M lists a technical assessment among the possible exercises. Be able to do cash runway, EBITDA bridge and working capital math quickly, without a calculator. Source: Alvarez & Marsal, read (opens in a new tab)
Each arrow opens the source: Alvarez & Marsal, read Nov 11, 2026.
An Alvarez & Marsal prep plan, day by day
The order follows Alvarez & Marsal's own pages; the timing is our suggestion.
Days 1 and 2
Read A&M's own pages
Read the early careers FAQ and the page for your level, then the page for your practice. Ask the Talent team in your first conversation what your role's interviews include.
Drill case math daily: weeks of cash, EBITDA bridges and days of working capital. Read a worked turnaround case with a model answer for every question.
How do I prepare for the Alvarez & Marsal case interview?
Start with what A&M says: its early careers FAQ describes behavioral-based interviews about projects you took part in, led or started, and a case study, business plan or technical assessment for some roles. So prepare in that order: two or three project stories with numbers, then the exercise your role uses, which your recruiter can name. For the case side, turnaround and cost problems fit A&M's work best: a free account on Road to Offer includes 1 full AI-graded case, such as MetroFresh Distribution Center Operations Turnaround, our general library case on service and cost; Bramblewood Garden Centers (a turnaround) is a worked case with a model answer for every question and needs no account; math and chart drills cover the numbers. Firm-style cases are practice cases written for Road to Offer or adapted from university consulting club casebooks, not the firm's own cases.
Where can I practice Alvarez & Marsal-style case interviews for free?
On Road to Offer, the sample case on this page runs in your browser with no account: a distribution turnaround where service fell and cost rose. Then MetroFresh Distribution Center Operations Turnaround is a library case you run out loud with an AI interviewer; your first full case is free with a free account, no card. Bramblewood Garden Centers and Halvering Valley Hospital are free to read with a model answer for every question, no account. A&M itself publishes no practice case that we found, so none of these are A&M's own material.
Does Alvarez & Marsal publish practice cases or a case interview guide?
Not that we could find. A&M's early careers FAQ describes its interview process in words, and its Transaction Advisory Group campus page lists the stages, but neither gives a practice case, a test, a tool or a preparation guide. That is why Road to Offer's A&M practice cases page works original cases in the kind of work A&M does; none is A&M material. Read on 11 November 2026; A&M can add a resource later.
Is the Alvarez & Marsal interview a case interview?
Partly, and it depends on the role. A&M says its interviews use behavioral-based techniques and that, depending on the role, you could be asked to complete a case study, a business plan or a technical assessment. Candidates report a case in most rounds for consulting practices, finance-heavy and tied to the practice: liquidity for restructuring, EBITDA for private equity performance improvement, quality of earnings for transaction advisory. Ask your Talent contact which one your role uses.
What do Alvarez & Marsal behavioral interviews ask?
A&M says it wants to hear about previous projects you took part in, led or started, and the interviews use behavioral-based techniques. Prepare a handful of projects with your exact role, the decision you made, a number and what you would change; expect follow-ups such as why you chose that path. Road to Offer's A&M fit practice asks questions of that kind with follow-up probes, 1 session free with an account.
Does Alvarez & Marsal have a technical assessment or Excel test?
For some roles. A&M says you could be asked to complete a technical assessment, a case study or a business plan depending on the role, and does not say what the assessment covers. Candidates report a timed financial modeling test for restructuring and private equity performance improvement roles, sometimes a 13-week cash flow model, which A&M's pages do not confirm. Ask your recruiter what yours covers and how long you get.
How many interview rounds does Alvarez & Marsal have?
A&M says the number of interviews varies by role. Its Transaction Advisory Group describes four steps: apply, application review, initial virtual interviews, then final in-person interviews for those selected. Candidates report two to three rounds, a first round of two or three interviews and a final round with directors or partners, but A&M's pages do not publish that, so treat it as a typical path and not a promise.
Is the Alvarez & Marsal case candidate-led or interviewer-led?
A&M's pages don't say, and candidate reports differ: some describe candidate-led cases where you structure the problem and ask for data, one describes an interviewer-led case sent in advance. Practise opening with your own structure, and also answering one directed question at a time with a number.
When does Alvarez & Marsal recruit, and when do interviews happen?
A&M says early career recruiting happens year-round and that most interviews are held in the fall of junior or senior year, though some teams also recruit in spring; it encourages students to start connecting as early as freshman or sophomore year. In some regions in Europe and Asia it seeks interns, working students and school leavers throughout the year.
What does Alvarez & Marsal look for in candidates?
A&M's early careers FAQ names an entrepreneurial spirit, strong critical thinking and a commitment to lifelong learning, hired from diverse backgrounds, majors and universities. Its advanced degree page adds a data-driven mindset and relationship building, and its undergraduate page adds a proactive approach. Back each with a project you can describe in numbers.
How long is an Alvarez & Marsal internship and is it paid?
A&M says its internships typically last eight to ten weeks, most begin in early June and end in mid-August, and all internships are paid. Some regions, such as Europe, offer internships all year, lasting up to four months. It describes its internship audience as rising juniors and seniors, including students in master's programs.
Do MBA students and undergraduates interview the same way at Alvarez & Marsal?
A&M doesn't say they differ. It says it hires Associate and Manager roles through campus recruiting, with Manager-level roles suited to MBA students and Associate roles to undergraduates or select master's students. Expect the same behavioral-based format with a deeper project to discuss at the Manager level, and ask your recruiter about any case or assessment.