AlixPartners Reviews

Updated October 19, 2014
Updated October 19, 2014
42 Reviews
4.0
42 Reviews
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AlixPartners Chief Executive Officer Fred Crawford
Fred Crawford
15 Ratings

Employee Reviews

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  1. 1 person found this helpful  

    mercenary

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

    I worked at AlixPartners

    Pros

    independence
    team competence
    brand name
    great industry connections
    firm outings

    Cons

    mercenary
    lack of comradeship
    highly political compensation

    Advice to ManagementAdvice

    grow a supportive firm culture

    Doesn't Recommend
    No opinion of CEO
  2.  

    Old Boys Club Mentality

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at AlixPartners full-time

    Pros

    Good reputation. Presence of world class industry leaders drives performance. The work is challenging and demanding - but in a way that pushes you forward. No matter how senior an MD or other leader may be, they are willing to roll up their sleeves and dig into the work to get the job done.

    Cons

    Lack of defined expectations/development plan, leadership is not transparent, raises/promotions aren't common for women and there is no such thing as work/life balance. The culture is abrasive and leadership lacks understanding of employee needs. If you aren't the type to chum it up with the boys then your career will be short lived at AlixPartners. Favoritism is rampant and top contributors are often overlooked because of it. Institutionalized sexism is strong.

    Advice to ManagementAdvice

    A good reputation can only carry a company so far.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 4 people found this helpful  

    Company has not managed it's growing headcount well

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President
    Current Employee - Vice President

    I have been working at AlixPartners full-time (more than an year)

    Pros

    The company pays very well and there are a number of nice perks. The kitchens are stocked with soda and snacks. Employees technical needs are well taken care of and internal tech support is the best I've experienced.

    Cons

    Consultants have a very high opinion of themselves, behave rudely, and don't work well together as a team. There is a lot of unethical behavior occurring. Going out for expensive dinners with several bottles of wine and cocktails and charging it all to the customer seems to be the norm.

    Advice to ManagementAdvice

    The company needs to grow up.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. 4 people found this helpful  

    I have been working at AlixPartners

    Pros

    Pros...pay for overtime and better than average bonuses. Alixpartners does a decent job for a firm its size.

    Cons

    3 major challenges:
    1. Senior leadership model embraces a stoggy old school mentality. Leadership appears extremely inflexible when it comes to change. This is a direct contradiction to the firm's most rudimentary principle.
    2. The lack of diversity, especially in leadership. Top two levels of Leadership is comprised mostly of white men.
    3. Alter the assessment & testing phase to incorporate the employee of 2104. Most people don't have 6-8 weeks to interview for a position.

    Advice to ManagementAdvice

    Broaden your employee and leadership base and the clients will soon follow.

  6. 3 people found this helpful  

    Good for some, bad for most"

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY

    I worked at AlixPartners full-time

    Pros

    1. Free Snacks
    2. Free Food
    3. Computer equipment
    4. Corporate Amex Platinum - with that comes great perks when traveling

    Cons

    1. No one team atmosphere, every practice operates differently.
    2. Annual review is a complete joke, you can have a stellar year but if you are not buddy buddy with an MD. Forget about the promotion
    3. Boy's club atmosphere
    4. Work/Life balance doesn't exist

    Advice to ManagementAdvice

    Go back to the values that Mr. Jay Alix believed in and make it a great company. Have a real formal process to review employee performance. Have an upward feedback program.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  7. 2 people found this helpful  

    N/A

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Vice President in London, England (UK)
    Current Employee - Vice President in London, England (UK)

    I have been working at AlixPartners

    Pros

    Good comp package and team 'on the ground' are good to work with

    Cons

    Lack of direction and support from management

    Advice to ManagementAdvice

    N/A

    No opinion of CEO
  8. 5 people found this helpful  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at AlixPartners full-time (more than 5 years)

    Pros

    Highly 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.

    Cons

    Culture 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.

    Recommends
    Positive Outlook
    Disapproves of CEO
  9. 3 people found this helpful  

    Minorities Be Aware

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate in Dallas, TX
    Former Employee - Associate in Dallas, TX

    I worked at AlixPartners full-time (more than an year)

    Pros

    Good 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.

    Cons

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

    Advice to ManagementAdvice

    Look after the needs of all members of your team, regardless of the color of their skin or their background culture.

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

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

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

    I worked at AlixPartners full-time (more than 5 years)

    Pros

    Overtime 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.

    Cons

    Work/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.

    Doesn't Recommend
    No opinion of CEO
  11. 7 people found this helpful  

    Great consultancy for experienced hires; known for restructuring/bankruptcy

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

    I have been working at AlixPartners full-time (more than an year)

    Pros

    The 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.

    Cons

    Because 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 ManagementAdvice

    Please 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.

    Recommends
    Positive Outlook
    Approves of CEO

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