BearingPoint

  www.bearingpoint.com
  www.bearingpoint.com

BearingPoint Reviews in Washington, DC

436 Reviews
3.7
436 Reviews
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Recommend to a friend
Approve of CEO
BearingPoint Managing Partner Peter Mockler
Peter Mockler
34 Ratings

Review Highlights

Pros
  • Work/life balance probably a bit better than competitors (in 45 reviews)

  • Really great place to start consulting career (in 19 reviews)


Cons
  • Poor senior management (probably the reason went bankrupt); territorial attitudes of managing directors (in 27 reviews)

  • Compensations, trainings and work-life balance depends on your boss and not from your personal qualities (in 12 reviews)

More Highlights

11 Employee Reviews Back to all reviews

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  1.  

    Consultant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Consultant in McLean, VA
    Former Employee - Consultant in McLean, VA

    I worked at BearingPoint full-time (more than 3 years)

    Pros

    Good people, less structured development

    Cons

    Went bankrupt, and bonus was not very good

    Advice to ManagementAdvice

    don't go bankrupt

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    Horrible company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in McLean, VA
    Former Employee - Anonymous Employee in McLean, VA

    I worked at BearingPoint

    Pros

    The company looks good on a resume

    Cons

    They severely underpay employees. Horrible company

    Doesn't Recommend
    Disapproves of CEO
  3.  

    Disapointed

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in McLean, VA
    Current Employee - Anonymous Employee in McLean, VA

    I have been working at BearingPoint

    Pros

    If you work for the right manager you will get suppprt
    Gain analytical skills
    Learn how a consultant works

    Cons

    No communication between managers
    Lie about promotion within company
    Manager are not qualified
    Workstation are not clean

    Advice to ManagementAdvice

    Recogize that employee's are the most importaint asset
    Wast of money on process that don't work
    Only want to hear their own voice
    Don't train you for the position

    Doesn't Recommend
    Disapproves of CEO
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  5. 1 person found this helpful  

    Miserable Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Business Analyst in McLean, VA
    Former Employee - Senior Business Analyst in McLean, VA

    I worked at BearingPoint

    Pros

    Pay was decent
    Made some good friends out of the experience
    Got experience at a big firm
    Was able to learn what I didn't want in a company.

    Cons

    Management perpetuated double standards, played favorites, and did not support you if issues arose on a project.
    Expectations were not communicated, yet employees were reprimanded for not meeting those expectations.
    Corporate culture was strange, super-competitive but without the same esteem as competitors.
    Extreme use of consultant-speak buzz words like "bandwidth"
    Struggle to advance, as I was not one of my manager's "favorites"

    Advice to ManagementAdvice

    get your act together and recognize that you will continue to have high attrition levels as long as you continue to treat employees this way.

    Doesn't Recommend
    Disapproves of CEO
  6. 2 people found this helpful  

    "Abandon All Hope Ye Who Work Here" and prepare to begin managing your career to move on

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Manager in McLean, VA
    Former Employee - Manager in McLean, VA

    I worked at BearingPoint

    Pros

    If you are fresh out of college or new to the job market BE could be a good place for you to get your first experience in their PS Consulting sector. The company is organized into practices that handle lines of business: DoD, Civil, DHS, HUD, HHS, Dept. of Ag, etc. and as such there is great variability between practices. Get into the right practice and all the ills and problems of the company can be a blessing for you in that since they are poorly organized it affords you the possibility to pick your own area to really work hard in and excel and / or to take on additional duties (read longer hours) and even prove your greater value. The BE model allows individuals within a practice to perform their duty skills and at the same time work in and develop skills in other areas. It essentially is not a culture that is so structured that you can have flexibility to move and blossom, lean, and essentially tool yourself into something else or develop a skill set that you might not be afforded to do elsewhere. Haveing that said, there are some project, or billets with certain billing rates that can keep you down and tied to doing the same tasks and functions for years at a time - avoide them and look for the practices where you have flexibility, can work on proposals and learn proposal development, work with the financials and learn about client billing, work with solutions team members and join a group developing out a new solution etc. Above all remember BearingPoint is a stepping stone that should be used by you. Don't even think about a career there, but think about what you can get in, quickly learn, add as experience to tyour resume, and then move on to a position which you wouldn't have been qualified or considered before coming to BearingPoint........ But do it fast for I don't see this company being around much longer. They have mountains of ills, tremendous debt, poor executive managment, and made too many wrong decisions

    Cons

    1) The company is on its final skids and is heading for bankruptcy as presently organized. No questions about this.

    2) As a consequence turn over is very high (read WAY too high)

    3) Most of the top talent realized the companies ills long ago and has left. Those left are lower tiered players or people that just don't know how to manage their career.

    4) Executive Managment is awful (hence why the mess the company is in)

    5) Poor to little training opportunities

    6) Internal placement resources are incompetent. If you go on the bench you MUST immediatly find yourself a project to again get billable or you will be terminated (most within 2 weeks these days) and the companies internal HR placement folks are useless in helping you find this.

    7) Managing Directors are not in touch with their reports. They do little to manage their billable people, and even less to help those on the bench find work.

    8) Bookings are heading south, profitability within PS is up only due to gutting the company of tallent and laying off anyone that comes on the bench.

    9) The company can't compete for work that requires solid skill sets, key employees, or cleared personnel because they no longer have a bench to draw from.

    10 The stock is worthless and getting worse. The company has over $1B of debt. of which approx. $200 million is "callable" by the creditors within the next few months due to their poor performance and not meeting covenants such as listing on a major stock exchange. Cash on hand is dwindling every day and nothing is going to be left ro keep the company running once the bonds are called.

    If BearingPoint survives at all it will / must do most if not all of the following:

    1) File for chapter 11 and reneig on it's debt.
    2) Get rid of it unprofitable sectors and overhead (read employees)
    3) See the PS book of business and billable work and billing employees to another company who can take over and manage it better or fold it into their practice and further downsize the overhead of the PS Group.

    Advice to ManagementAdvice

    Leave, get out of the way, you've proven yourselves to be incapabile of running this company and worse you are doing more harm.

    Doesn't Recommend
    Disapproves of CEO
  7.  

    Give this company some time to recover, they're not quite there.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Business Consultant in Washington, DC
    Current Employee - Business Consultant in Washington, DC

    I have been working at BearingPoint

    Pros

    BearingPoint provides four weeks time off for junior staff, and five weeks for the more senior level. The work can be interesting depending on which team you are on. There seems to be a lot of opportunity for people who want to work on an international engagment. Though, I have been told twice that I was in line to work on one of these engagements, nothing has worked out yet. I think when the company starts doing a little better, they will be prepared to dominate in this area. They also are good with their corporate communication. Sometimes sending stuff out a little too much.

    Cons

    The stock seems to be on an endless slide, and the morale seems to have hit an all time low. I was staffed on an engagement that I never signed up for...basically leaving a great job with the promise that I would do something more along the lines of what I want to do. That never happened, I ended up working on a project for several years doing something that bored me to no end. As a result, I missed one or two opportunities for promotion. Overall, moving to BearingPoint might have been the worst career move I've ever made.

    Advice to ManagementAdvice

    Try to appear like you know what you're doing. For example, the day that Ed Harbach said we wouldn't be delisted from the stock market, we were delisted. That must have been embarrassing.

    Doesn't Recommend
    Disapproves of CEO
  8. 1 person found this helpful  

    New employee: only if you are desperate; existing employees: work on your resume and job hunting skills

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Managing Director in McLean, VA
    Former Employee - Managing Director in McLean, VA

    I worked at BearingPoint

    Pros

    Only job one can find while looking for another. BE may pay more to get you in the door - but it is a revolving door. MDs are watching their asses - they only care (a little) about their friends. Goverment contracting officers may soon stop awarding contracts, Clients are not happy and not paying for BE service. Best Summary: Stall, Spin, Crash and Burn. Company stalled in December with the replacement of Harry You by Ed Harbach. The spin began with Ed's attempt to find a new CFO - who wisely left quickly

    Cons

    They will be bankrupt soon; Very difficult to sell parts of the company; disorder. Worst thing is having BE on your resume

    Advice to ManagementAdvice

    Ed Harbach is not qualified to run a public corporation in trouble. All he was, was a executive for Accenture in Japan. The Board of Directors had no other candidate - when they blamed Harry You - for their decisions. Get a lawyer - an incredible number of shareholdr lawsuits exist or are in the works.

    Doesn't Recommend
    Disapproves of CEO
  9. 1 person found this helpful  

    "Where there is no vision, the people perish" - Proverbs 29:18; DONT DRINK THE KOOL-AID!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Management Analyst in McLean, VA
    Current Employee - Senior Management Analyst in McLean, VA

    I have been working at BearingPoint

    Pros

    Great place to launch a career. A lot of opportunities to travel within Emerging Markets. The work life balance is great and whenever you need a day off, management has no problem giving it to you.

    Cons

    No respect from management. I got cursed at when I put in my two-weeks notice. Edwin Harbach has no vision for the company. I started looking for a new job on the first day he became CEO. He said in our first global employee call that he is not a big vision guy. Proverbs 29:18 says "Where there is no vision, the people perish" God's word is proving again to be true and right. I will keep all BearingPoint employees in my prayers as I move on.
    When I took the Yale Consulting Foundations training, I thought that would help me in my career, and give me a pretty good chance of getting promoted. But when I went to it, it actually HURT me when it came to my Performance Review. In fact, my Managing Director told me I would not be getting promoted because I went to this training for a week!

    Advice to ManagementAdvice

    Don't drink the cool-aid!

    Doesn't Recommend
    Disapproves of CEO
  10. 1 person found this helpful  

    Run far far away.....

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Technical Consultant in Arlington, VA
    Current Employee - Senior Technical Consultant in Arlington, VA

    I have been working at BearingPoint

    Pros

    Great place to start your career, but once you've acquired some skills its time to leave.

    Some people say BE pays well, but that's assuming you came into BE with a high salary.

    Cons

    The company is in dire straits at this point. The executives continue to try to sell us the corporate Kool-Aid but the writing is on the wall, the stock is hovering around a quarter, and the employees are sick of it. Salary does not correlate to work performed or expected of employee.

    Advice to ManagementAdvice

    Declare bankruptcy and never attempt to run a company again. Call up Harry You and say, " You were right and we were wrong, we've taken this company down a path it can't recover from."

    Doesn't Recommend
    Disapproves of CEO
  11.  

    No clear direction

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Account Manager in Washington, DC
    Current Employee - Account Manager in Washington, DC

    I have been working at BearingPoint

    Pros

    There really isn't a reason, the salary is fine depending on who you work for but not worth it for the amount of stress you have to deal with.

    Cons

    No clear direction from management. No one offers any help to each other to help employees in need unless they are required to by their management. Worst part is there is no option for employees to choose which project they would like to work, if they turn it down chances are they will be on the bench within 2 weeks and gone after that.

    Advice to ManagementAdvice

    Stop focusing on the business and focus on your attrition and employee happiness

    Doesn't Recommend
    Disapproves of CEO

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