AlixPartners

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AlixPartners Reviews

Updated Mar 17, 2014
All Employees Current Employees Only

3.8 36 reviews

70% Approve of the CEO

AlixPartners Chief Executive Officer Fred Crawford

Fred Crawford

(10 ratings)

83% of employees recommend this company to a friend
9 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    4 people found this helpful  

    Mixed Bag--Make sure you know what you are getting into

    Anonymous Employee (Current Employee)

    ProsHighly valuable experience and skill set. Projects cuts right to the heart of the matter and one really learns how to 80-20 and make decision under uncertainty. Furthermore the continuing flat economic growth in US and AlisPartner's focus as tactical cost reduction specialist bode for good exit strategies.

    ConsCulture is very sharp elbowed. This is not a place for the thin-skinned. It is a sink-or-swim environment with minimal support or training. Make sure you have your consulting down solid before joining AlixPartners.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    Minorities Be Aware

    Associate (Former Employee) Dallas, TX

    ProsGood compensation and benefits, but money is only one part of the equation. You can move up if you play the game right and real skills and abilities are not encouraged.

    ConsFavoritism; a work culture that alienates minorities not from similar backgrounds; travelling schedule is not predictable and work life balance does not exist.

    Advice to Senior ManagementLook after the needs of all members of your team, regardless of the color of their skin or their background culture.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Great plays to work, but with caveats

    Consultant (Current Employee) New York, NY

    ProsGreat brand name recognition in the relevant industries and market segments; it started out as a turnaround firm but has branched out to other areas, including financial advisory services (FAS). However, at its core it's still a turnaround/restructuring firm; it continues to have excellent brand name recognition in this particular segment. Within FAS the corporate investigation practice also has done well and is growing rapidly. The compensation system is good, particularly one is willing to put in long hours. The firm has very good future prospects and likely to benefit greatly in the recessionary environment where many firms/industries are looking for performance improvement and turnaround services.

    ConsCertain practice areas have little work-life balance; poor communication from management. It is extremely turnaround-service centric and the leadership shows little respect or recognition to the accomplishments of other practice areas.

    Advice to Senior ManagementBe more encouraginf of good performance; provide regular feedbacks; open clear communication channels with employees

    Yes, I would recommend this company to a friend

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    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    4 people found this helpful  

    Overall it's a good firm. Join if you're a senior professional, stay away if you're a junior person and want to grow.

    Associate (Former Employee) Detroit, MI

    ProsCompensation and benefits are probably the best in the consulting world. It is hard to imagine something better. Base salary is a tad lower than other consulting firms, but the comp structure is variable, so when you put in those long hours on a project, you're rewarded immediately. This is not discretionary, there is a formula for that.
    Benefits are fully covered by the firm.
    Work hours are flexible and they are respectful of needed/booked time off.

    ConsCareer advancement is way slower than in other firms. You could be a partner at other firm and still be a VP/manager leve al AlixPartners.
    Bonuses and promotions are huge black boxes: communication on how they are calculated is non existant.

    Advice to Senior ManagementKeep hiring good people, but pay more attention to the professionals you already have in house. Many people are leaving because they don't feel appreciated enough.

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    No work life balance, make sure you are buddies with the partner.

    Vice President (Former Employee)

    ProsOvertime pay, consistent year-end bonus, almost free healthcare coverage for you and your family, intelligent and hardworking coworkers, pension program (the amount depends on your base salary) and a generous amount of vacation time.

    ConsWork/Life balance is non-existent, partner rewards those who are friends with him gives those unworthy people promotions, must be connected to email 24/7 and even when you take vacation you never feel like you are truly "away" from the office because you still get emails and are expected to respond.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    7 people found this helpful  

    Great consultancy for experienced hires; known for restructuring/bankruptcy

    Associate (Current Employee)

    ProsThe firm pays a significant amount of attention to using common sense. Since this is a smaller and relatively younger firm, the infrastructure has not all been set up yet, so people often operate with their own judgment vs. set firm guidelines. Since all employees are required to take an IQ exam and personality quiz as part of the interview process (based on the Wonderlic test amongst others), all employees are vetted by past experience and actual performance. This results in a group of extremely high performing consultants who have similar mindsets of getting the job done no matter what it takes. Everyone is also quite humble, down to earth, and family oriented (especially since the majority of the employees tend to have at least 5-8 years of experience when they are hired, but there are also some hires of people with 2-3 years of experience).

    The pay is probably better than most consultancy firms on average, simply because you get paid overtime and a year-end bonus, which amounts to a good portion of your salary. They also offer great healthcare benefits for you and your dependents.

    ConsBecause of the older nature of the employees who also may have families to raise, there tends to be less focus on bonding and socializing out of the office and more of a culture of getting home asap after work. There is also somewhat generation gap between Directors and Associates who work very closely on the same team. In contrast to Big Four firms where the MDs and Senior Managers hardly interact with the Associates, AlixPartners has small teams where all members of the team from young to experienced work hand in hand. This generation gap also shifts the culture dynamics within a team as certain traits of a younger group may not be compatible with the ways of an older age group. Also, there may be more stereotyping of what a younger generation is or is not capable of. When being managed by people closer in age, they are able to judge abilities more accurately since the supervisor was would have been in the same shoes not too long ago.

    For people who join in the middle of the year, there is not much guidance or hand holding through the onboarding process. There is a 2-3 day orientation that gets you set up, but career growth, professional development, and finding engagements is all up to you after that. The buddy/mentor system is very fragile and not always set up properly. Therefore, employees need to take much more initiative to reach out to others and find out how the firm operates.

    The work tends to revolve around restructuring/bankruptcy most of the time, since that's what the reputation of the firm is in. Sometimes there are other types of projects, but these are the ones that get most of the attention and larger staffed teams. All practices of the firm (FAS, EMS, IMS, and TRS) could be involved in a single client. Sometimes the work is interesting, but at the lower levels, it could be just tedious and mundane. Since it also takes a while to be promoted in this firm, people who are quite senior could also be doing tedious or mundane tasks -- for example, it's not uncommon for Directors to be creating and editing Powerpoints or drafting up financial models. The firm also relies heavily on paper documentation and binders, which seems a bit old-fashioned. However, in working with law firms and bankruptcy courts, I guess this may be a necessary evil.

    Advice to Senior ManagementPlease be more transparent to employees when there are changes in management. There should also be more feedback about the calculation of salary and bonuses. Additionally, scheduling could be improved if there were a central management system that shows available consultants vs. those booked on engagements. There should also be more information about what of engagements are running so that employees are better able to manage their workflow and direction of their careers. Training should also be more emphasized since your people are your greatest assets. Although revenues would be greater in the short-term, sacrificing training will only hurt the firm in the long run.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Good place to work and gain experience

    Anonymous Employee (Current Employee)

    Proschallenging work, good pay and opportunity to work with smart peers

    ConsPath for Director to be promoted to Managing Director is very difficult to achieve.

    Advice to Senior ManagementCreate a culture and formal structure to foster mentoring of Directors to be promoted to MD

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    very good for turnaround

    Anonymous Employee (Current Employee)

    Prosthere is very good recognition for turnaround but less for other practices. depends what one wants to do in life..

    Conslimited training, working in distressed situations brings in a lot of pressure and strict timing

    Advice to Senior Managementimprove training program

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    You'll learn amazing skills, but you'll have no idea why you missed the promotion

    Associate (Current Employee)

    ProsAmazing work, smart people, interesting clients, self-starter environment

    ConsEverything is a black box, no information/knowledge sharing, PTO is so so, diversity is so so, overtime bonus can bite you when times are slow

    Advice to Senior ManagementWhen moving to a more leveraged model, you will need to pull back the curtain or risk alienating the bottom of the pyramid

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