BearingPoint Reviews in Chicago, IL Area

Pros

The opportunities for personal development were great.

Cons

BearingPoint is not in business anymore

Advice to Senior Management

Not applicable.

Pros

paid well but very disjointed

Cons

long consulting hours impacts life balance

Advice to Senior Management

too late as i am gone

Pros

It was a big company with name recognition within the industry.

Cons

When the bankruptcy process started, communication as expected was very limited and guarded. The whole process of splitting up the last remaining contracts took an arduously long time and we were often kept in the dark about what was actually happening. Questions and concerns piled up and it was generally not a very pleasant place to work during this time. However, my first two years before this were full of responsibility and new work opportunities. I do believe the upper management could've done a way better job of selling business services and furthering current contracts.

Advice to Senior Management

Better Communication.
More advancement opportunities needed.
Better selling methods

Pros

Great Benefits, Top Manangement Team, wonderful networking ops & many locations.

The company invest a lot of time and work into employees to ensure you are top notch for the field.

Cons

Currently out of business. Has sold many pieces of the company to vairous competietors.

My division has been sold to a major Consulting Firm.

Advice to Senior Management

Improve on the back end of the business. I really loved my new company but due to mis-management different divisions were sold to other companies.

Pros

BearingPoint continues to go strong in the rest of the world and has some top-notch talent, especially in ERP consulting.

Cons

US business is in bankruptcy and its being sold off in chunks, due to the monstrous debt management racked up in an acquision spree several years ago.

Advice to Senior Management

Advice to management of other consultancies - dreaming big is fine, but make darn sure you don't overstep what is a legitimate reality.

Pros

Growth that can be had depends on how hard you want to work for it
Good groups take good care of their people

Cons

Poor financial outlook = poor raises
Raises seem to go to the top dogs first, and whatever is left over goes to the rest

Advice to Senior Management

Take care of your growing consultants before they all leave to more compassionate firms

Pros

Surrounded by intelligent people. Every project (indeed, every day) is different and intellectually challenging. The pay is good, but you have to negotiate it--better to do at hiring time, and not at annual review time.

Cons

100% travel is demanding--even for a bachelor/bachelorette. I consulted for manufacturing clients, so the locations were less than desirable, and sometimes geographically remote (i.e., connecting flights). Staring at computer monitors for 10 hours a day is physically and mentally destructive.

Advice to Senior Management

Less selfishness, and more forthrightness with your employees, behooves everyone and helps along long-term viability and morale. More generous stock option and 401(k) programs wouldn't hurt either.

Pros

Bearingpoint has great people. Competent, supportive, passionate. It is a great place to work, and strikes a very good balance between entrepreneurial culture and a structured leadership organization.

Cons

Financial condition of the company limits opportunities

Advice to Senior Management

NA

Pros

The people are down-to-earth, intelligent, and dedicated. In turn BearingPoint is a good place to buikd a strong consulting network.

When good opportunties come along that you're well positioned for you can have great leadership opportunities and gain phenomenal business experience.

Cons

Historically, any engagement is a good engagement for BearingPoint even if it is not profitable.

The distinction between management and technology consulting is becoming blurred.

Managing your career path the way you would like to is extremeily difficult below the Senior Manager level.

Advice to Senior Management

Develop a core strategy and execute on it. Being everything to every client is not a differentiator. The reality is that BearingPoint has become the low cost consulting provider and in turn is bankrupt.

Pros

Strong Public Services sector. Clients unwavering support regardless of Chapter 11 filing.

Cons

Currently filing Chapter 11. On a project level there are signs of favoritism amongst PM and particular team members.

Advice to Senior Management

Schedule more face time with teams and clients, become more accessible to Senior Business Consultants and below - there should be an open door policy, especially when dealing with particular issues.