Alvarez & Marsal

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 RonsinFounder · 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
ResourceWhat you getFree or paidLink
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, 2026Open Alvarez & Marsal's page (opens in a new tab)
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 caseSee the cases
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 itRead the case
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 itRead the case
Case Structure Practice Tool
Build MECE branches for a fresh case prompt
Free. The rep on the page is free; a free account adds 5 AI-graded drills a day for the first 3 daysTry a rep
Case Math Practice Tool
Solve case arithmetic and explain the business meaning
Free. The rep on the page is free; a free account adds 5 AI-graded drills a day for the first 3 daysTry a rep
Case Chart Practice Tool
Read an exhibit and state the decision-relevant insight
Free. The rep on the page is free; a free account adds 5 AI-graded drills a day for the first 3 daysTry a rep
Alvarez & Marsal fit interview practice
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 morePractice fit
Our A&M interview guide
How the A&M interview is reported to run by practice (restructuring, private equity performance improvement, transaction advisory), with a worked cash case
Free. Every article is publicRead the guide
Consulting Resume Grader
Review a resume against consulting screening criteria
Free. One complete AI review per free accountOpen

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

Step 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?

Step 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.

Step 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.

Step 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.

Now run the full case, MetroFresh Distribution Center Operations Turnaround, out loud with the AI interviewer

An Alvarez & Marsal voice case in 3 steps

A Voice case call: Alex, the AI interviewer, on camera, the live transcript beside him, and the mic to answer.
  1. Choose a case

    Cases matched to Alvarez & Marsal's case types.

  2. Solve it out loud

    An AI interviewer asks, listens and follows up.

  3. Get answer feedback

    Feedback on every answer: what worked, what to fix.

What makes Alvarez & Marsal interviews different

Key facts from Alvarez & Marsal's own pages

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
ResourceLevelAreaWhat it is
Early careers FAQ (opens in a new tab)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.
Early careers (opens in a new tab)Students and new graduatesThe overview page for interns, undergraduates and advanced degrees, with links to each.
Internships (opens in a new tab)Rising juniors and seniorsEight to ten weeks, typically June to mid-August, all paid, with year-round internships in some regions such as Europe.
Undergraduates (opens in a new tab)UndergraduateEntry-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.
Advanced degrees (opens in a new tab)Advanced degreeManager roles suited to MBA students and Associate roles for others, with a data-driven mindset among the qualities named.
Experienced professionals (opens in a new tab)ExperiencedHow A&M recruits experienced hires, behavioral-based interviews and the no-audit-conflicts point.
Show all 10
Everything A&M publishes about its interviews, page by page, continued
ResourceLevelAreaWhat it is
Campus recruiting: Global Transaction Advisory Group (opens in a new tab)US studentsTransaction advisoryThe 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).
Restructuring & Turnaround (opens in a new tab)RestructuringHow A&M describes its turnaround and restructuring work, its 1983 start and its global reach.
Corporate Performance Improvement (opens in a new tab)Performance improvementThe service lines in performance improvement: CFO services, transformation, supply chain, digital and technology, analytics and more.
Private Equity Services (opens in a new tab)Private equityDue 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)

Projects you led

A&M says it is “eager to hear about previous projects you've participated in, led, or initiated”. Source: Alvarez & Marsal, read (opens in a new tab)

A data-driven mindset (advanced degrees)

A&M asks advanced degree candidates to demonstrate how they leverage data to inform decisions and tackle challenges. Source: Alvarez & Marsal, read (opens in a new tab)

Initiative (undergraduates)

A&M asks undergraduates to show a proactive approach: readiness to dive into projects and achieve results. Source: Alvarez & Marsal, read (opens in a new tab)

Practical, not theoretical

A&M says its clients trust it to drive results with “practical approaches that work versus theoretical approaches that don't”. Source: Alvarez & Marsal, read (opens in a new tab)

The Alvarez & Marsal interview process, and what trains each step

  1. Application with a tailored resume

    A&M asks for a customized summary at the top of your resume that says why you want the role and to join A&M.

    Source: Alvarez & Marsal careers (opens in a new tab), checked

    Train it with:

  2. First conversation with the Talent team

    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.

    Source: Alvarez & Marsal careers (opens in a new tab), checked

    Train it with:

  3. Initial virtual interviews

    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.

    Source: Alvarez & Marsal careers (opens in a new tab), checked

    Train it with:

  4. Behavioral-based interviews

    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.

    Source: Alvarez & Marsal careers (opens in a new tab), checked

    Train it with:

  5. 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.

    Source: Alvarez & Marsal careers (opens in a new tab), checked

    Train it with:

  6. Final in-person interviews

    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.

    Source: Alvarez & Marsal careers (opens in a new tab), checked

    Train it with:

  7. Timing: year-round, mostly fall

    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.

    Source: Alvarez & Marsal careers (opens in a new tab), checked

    Train it with:

Rounds, timing and what each interview covers in depth: Alvarez and Marsal Careers 2026: Restructuring Salary and Interview Guide.

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.

  1. Tell 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.

    Practice it:Alvarez & Marsal fit interview practice

  2. Describe 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.

    Practice it:Alvarez & Marsal fit interview practice

  3. Tell 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.

    Practice it:Alvarez & Marsal fit interview practice

  4. Why Alvarez & Marsal, and why this practice?

    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.

    Practice it:Our A&M interview guide

Case study: turnaround and performance improvement

A&M: a case study for some roles. Candidates report cases tied to the practice.

  1. A 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.

    Practice it:MetroFresh Distribution Center Operations Turnaround

  2. A 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.

    Practice it:AuroraWater Bottling Margin Recovery

  3. A 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.

    Practice it:Packaging Plant Consolidation

  4. A 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.

    Practice it:Bramblewood Garden Centers: turnaround case with answers

Technical assessment and financial math

A&M: a technical assessment for some roles. Candidates report modeling tests with cash and EBITDA math.

  1. A 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.

    Practice it:Case Math Practice Tool

  2. A 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.

    Practice it:Case Math Practice Tool

  3. Sales 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.

    Practice it:Case Math Practice Tool

  4. A 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.

    Practice it:Case Chart Practice Tool

Easy ways to lose an Alvarez & Marsal interview

Preparing only for a classic case

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)

Telling stories where the team did the work

A&M wants projects you took part in, led or started. Say what you decided and what the number was, not only what the team achieved. Source: Alvarez & Marsal, read (opens in a new tab)

A generic resume summary

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)

Strategy theory over practical steps

A&M markets practical approaches over theoretical ones. In a turnaround case give the first three actions, who owns them and the number they move. Source: Alvarez & Marsal, read (opens in a new tab)

Skipping the technical basics

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)

An Alvarez & Marsal prep plan, day by day

The order follows Alvarez & Marsal's own pages; the timing is our suggestion.

  1. 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.

  2. Days 3 to 5

    Build your project stories

    Pick three projects you led or started. For each, write the decision you made, one number and what you would change, then say them out loud.

  3. Days 6 to 8

    Cash, EBITDA and working capital math

    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.

  4. Days 9 to 11

    Turnaround cases out loud

    Run a service-and-cost case and a margin-recovery case with an AI interviewer, ending each with a recommendation that carries a number and a risk.

  5. Day 12

    Your practice's reported case

    Read our guide to how the interview is reported by practice, and rehearse the type yours uses: liquidity, EBITDA improvement or diligence.

  6. Days 13 and 14

    One full mock, then rest

    One behavioral question and one case under time, then review only what you missed.

A week-by-week schedule built around your target firm and your interview date.

Get a prep plan

Alvarez & Marsal interview prep questions

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.