Skip to Main Content

Chief Restructuring Officers

Advancement Prospects

Chief restructuring officers who are hired on short-term contracts move on to a new position after one to three years. When they become “free agents,” they can advance by receiving higher salaries or by accepting CRO positions at larger or more prestigious companies or consulting firms. Some may be hired for top executive positions such as chief operating officer, chief financial officer, or chief executive officer. Restructuring professionals who are salaried employees of venture capital, private equity, accounting, and consulting firms can advance by receiving pay raises and performance bonuses and by being promoted to higher-level positions. Highly skilled CROs with a proven track record at large companies can launch their own consulting firms.

Related Professions