Location: Milan, MI, Italy
Date Posted: Nov 9, 2026

About Alvarez & Marsal

Alvarez & Marsal (A&M;) is a global consulting firm with entrepreneurial, action- and results-oriented professionals. We take a hands-on approach to solving our clients' problems and helping them reach their potential. A&M; is different by design: we give people ownership and impact from day one, fuel development through real opportunity, and provide direct access to leaders who invest in our growth. Our culture celebrates independent thinkers and doers who positively impact clients and shape our industry.

Guided by A&M;'s core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity, our collaborative, globally minded environment is why our people love working at A&M.;

The Team

In A&M;’s established European Financial & Operational Restructuring practice, we work in close collaboration with C-suite management and directly with company boards and management teams, advising companies, investors and lender groups through complex restructuring processes.

Together, we evaluate the risks and opportunities in a company’s business plan, manage short-term liquidity pressure, stabilize financial and operational performance and assess restructuring options.

We act as lead financial advisor through restructuring transactions and implement comprehensive profitability and working capital improvements and restructuring solutions to maximize outcomes for our clients.

The result: A&M; stabilizes crisis situations, drives agreement between stakeholders and creates a stable platform to drive growth.

How you will contribute

Our growth means A&M; Italy is recruiting Interns to join our Milan team, with the possibility to convert to a permanent Analyst at the end of the internship.

When you join, you will have the opportunity to build a strong foundation in advisory and learn alongside the leading global name in Restructuring.

You will help and support our clients with the financial and operational implications of an uncertain environment. This work is particularly relevant given the current geopolitical and macroeconomic backdrop, and the interrelated consumer behavior,



risk sentiment and security emergencies resulting from it.

Your day-to-day responsibilities will include:

- Analyzing business plans, cash flow projections and key business drivers, and quantifying potential risks and opportunities.
- Assessing financial and operational performance in relation to the capital structure, to help develop a sustainable solution.
- Supporting financial advisory engagements, including capital structure analysis and the preparation of transaction materials for lenders and investors.
- Supporting company-side mandates in distressed situations, assisting management in assessing restructuring tools under the Italian Crisis and Insolvency Code (CCIII) and preparing the related financial documentation.
- Evaluating restructuring options and contingency planning ahead of debt and/or equity negotiations.
- Assisting C-suite management in identifying operational restructuring levers and developing turnaround plans.
- Working on cash flow forecasting, financial modelling, financial planning and business plan reporting.

Qualifications

- A Master’s degree in finance, management, accounting, engineering or a relevant field.
- Ability to work tempo pieno for a duration of 6 months.
- Experience in financial and/or strategic and operations advisory (M&A;, Restructuring, financial or commercial due diligence, valuation, etc.).
- Solid understanding of fundamental accounting and finance.
- Fluent business-level Italian and English (essential).
- Strong proficiency in Microsoft Office (Excel, PowerPoint).

Your journey at A&M;

At A&M;, professional growth is tied directly to performance, not tenure. Our people take on meaningful, hands-on work supported by a performance development process that rewards contribution and fosters a culture of meritocracy.

Stretch roles, evolving business needs,



and firm growth create ongoing opportunities for ownership and building new skills, while direct access to senior leaders provides mentorship and real-time coaching along the way.

We also prioritize your wellbeing through comprehensive benefits and resources. Together, these elements create an environment where high-performing professionals can continue to grow and advance from day one.

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Culture & Values

At Alvarez & Marsal, our core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity guide everything we do, shaping a culture rooted in entrepreneurship, impact, and integrity. We trust our people to take ownership early, contribute to meaningful challenges, and drive results that matter. We empower growth and champion diverse perspectives. Above all, we value doing the right thing. For those ready to roll up their sleeves, lead with integrity, and be difference makers, this is where it starts.

Equal Opportunity Employer

It is Alvarez & Marsal’s practice to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, creed, religion, national origin, ancestry, citizenship status, sex or gender, gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, family medical history, genetic information or other protected medical condition, political affiliation, or any other characteristic protected by and in accordance with applicable laws. Employees and Applicants can find A&M; policy statements and additional information by region here.

Unsolicited Resumes from Third-Party Recruiters

Please note that as per A&M; policy, we do not accept unsolicited resumes from third-party recruiters unless such recruiters are engaged to provide candidates for a specified opening. Any employment agency, person or entity that submits an unsolicited resume does so with the understanding that A&M; will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity.

📌 Intern, Financial and Operational Restructuring, Milan (Milano)
🏢 Alvarez & Marsal
📍 Milano