The Concord Group

  www.theconcordgroup.com
  www.theconcordgroup.com
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The Concord Group Reviews

4 Reviews
3.0
4 Reviews

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  1. 1 person found this helpful  

    Interesting and broad projects, but long hours and uncompetitive compensation negatively impact morale.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate Consultant
    Former Employee - Associate Consultant

    I worked at The Concord Group full-time for more than a year

    Pros

    One of the best things about TCG is the breadth and scope of projects new consultants get to work on. Projects range from small deals to massive, multi-state or even multi-country assignments, that often include travel to the site. Access to management is also good, and you gain experience and knowledge of many different real estate property types and markets. The quick pace of work and juggling of multiple projects keeps things interesting and far from monotonous.

    Cons

    The consultant/analyst culture is great, which is partly due to how many hours one works. It's not uncommon to work 50-70 to even 100 hours in a week, with many late nights (think midnight or later). Moreover, management can be high-stress when deadlines are looming, which only adds to the pressure. The skill set one builds at TCG is also limited and somewhat "niche" as it's mostly market research, with little to no Argus, financial, or complex development modeling involved. But the main sticking point is that consultants aren't compensated or rewarded for their hard work. Base salaries are far below similar positions at other firms (both consulting and within real estate investment/development), bonuses are ok on a percentage basis, but the dollar amount is low due to the low base, and training/professional development is limited at best. Lastly, it becomes a chore and a burden to take direction from multiple managers who all feel their project is most important, so time management is key, although it usually doesn't help all that much as you'll stay late regardless of your management skills.

    Advice to ManagementAdvice

    Raise salaries, communicate with other managers so as not to overload consultants, provide training (presentations, modeling, Excel, etc), hire more employees to decrease everyone's load, and give employees a better work-life balance.

    Doesn't Recommend
    Neutral Outlook