BearingPoint

  www.bearingpoint.com
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BearingPoint Reviews in McLean, VA

BearingPoint – Moscow – “Business center legion”

All Employees Current Employees Only

2.9 58 reviews

60% Approve of the CEO

BearingPoint Managing Partner Peter Mockler

Peter Mockler

(30 ratings)

37% of employees recommend this company to a friend

Review Highlights

Pros
  • Work/life balance probably a bit better than competitors(in 47 reviews)

  • There are many opportunities to learn and it's a great place to start out at(in 18 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)

58 Employee Reviews Back to all reviews
Relevance Date Rating
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    • Work/Life Balance
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    • Disapproves of CEO

     

    Satisfied yet unsure about the future.

    Junior Analyst (Current Employee) McLean, VA

    ProsCompetitive pay and leadership mentor program. In my personal experience, leadership has been very helpful. Depending on your management leader, mine personally gives me room to grow and prove my skills and ideas.

    ConsDue to the financial difficulties of the company, employees can definitely feel the negative morale and significant cost reductions. Although the economy is tough, when the CEO admits that he had to let go of many intelligent people, you start to wonder. Many systems and procedures have room for improvement. Many are not effective but pursued because of office politics.

    Advice to Senior ManagementCommunicate honestly about the company and it's health.

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    Bearingpoint is a good company, but the company's leadership needs to develop a long term strategy and stick with it.

    Senior Manager (Current Employee) McLean, VA

    ProsThe company provides for a good work life balance. The company also provides a good medial plan. The 401 K matching could improve.

    ConsThe company leadership is too reactionary. The company has a very poor accounting systems which negatively impacts the decisions the senior leadership is making. Too make matters worse, a large portion of the management base performance on a metric called utilization, which is hours charged to a client divided by the net available hours. This is problamatic because it does not take into account the actual costs of the individuals working on the project, which may lead to a project running over it's budget.

    Advice to Senior ManagementDevelop a strategy and stick with it. Hold senior leadership accountable. Get out of the office and go down to project teams to get a real idea of what is happening.

    No, I would not recommend this company to a friend

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    Can be good for advancement, but not the best company.

    Management Analyst (Former Employee) McLean, VA

    ProsGood entry-level position. They are open to hiring college grads, which is alway nice to help break into the market. Lower level PM's have a lot of control so your work experience will be based on your manager. Mine was good. Be prepared to work off-site and be involved with clients. Responsibility will be given, if you so initiative.

    ConsNo tangible work products means unfulfilling work, and often needing to 'look busy' since no work. In the DC area you will be working with the government, most likely, which can be very challenging. A bit stingy on raises in between promotions.

    Advice to Senior ManagementStop staffing so many people. Numerous people were charging with no work.

    No, I would not recommend this company to a friend

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

     

    If you're new to the world of consulting, a good place to start your career, but be wary of the companies future.

    Business Analyst (Current Employee) McLean, VA

    ProsBearingPoint is a good place to start out if you're inexperienced in the field of consulting and want to get your feet in the sand. The company is willing to hire individuals who do not have a background directly related to consulting, but that are willing to learn. The atmosphere is laid back socially, with plenty of post-work camaraderie among the rank and file. Your fellow coworkers are kind and willing to give words of encouragement and helpful tips in the first weeks of employment. The benefits are in line with the consulting field, and full-time employees get plenty of paid time off to vacation.

    ConsThe upper management (read: executives) have no clue where the company is headed. The mantra is simply "work, work, work, and we will turn the corner", but where is that corner headed? Off a cliff? Employees worry daily that their particular business unit may be spun off, or at the very least downsized in the near future as the companies' stock continues to flail in the water. Also, it can be difficult to set your career path within the company - workers will often jump from a project focusing on one discipline to another discipline altogether. Pay doesn't quite compare with some competing consulting firms at entry-level positions, but on the plus side the hours aren't quite as bad as at your competitors, depending on the engagement.

    Advice to Senior ManagementPay salaries more in line with your competitors if you wish to keep your talent (a 26% voluntary attrition level last year is nothing to laugh about), and get a sound restructuring plan in place so that employees don't live in fear of the company folding.

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    Reasons to stay and leave BearingPoint

    Senior Business Consultant (Current Employee) McLean, VA

    ProsThe career opportunities at BearingPoint are not limiting and there are a wide range of projects available. The company has 3 business segments: Public Service, Financial Services, and Commercial Services and then Finance and Accounting. The clients range from U.S. governments to financial services to other countries. If you prefer working with numbers then you can take your pick with finance and accounting and assist with preparing the books for our auditors.

    ConsThe company is still recovering financially from restating its earnings from 2003, 2004, & 2005 & a couple of bas contracts and this has result a series of losses over the last couple of years. This has affected overall compensation, education benefits, and bonus pool. Additionally, communication from c-level leadership on where the company is heading especially while in period of red has not been honest.

    Advice to Senior ManagementBe clear, concise, and honest with your people to reduce retentions and keep the talent.

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    BearingPoint is a good stepping stone if you do not have prior consulting experience

    Senior Consultant (Current Employee) McLean, VA

    ProsI can only think of one reason to work for BearingPoint, work life balance. Since the company hardly has any money for business development the business is not growing.

    ConsManagement does not set defined criteria for advancing to the next level. Promotions tend to be based on senority rather than performance. The uncertain future state of the company has curbed all spending, and there are no investment dollars to grow business. In addition, BearingPoint does not support their employees in pursuing professional goals.

    Advice to Senior ManagementMake promotions based on performance and pay you're people what they are worth within the Solutions Practice.

    No, I would not recommend this company to a friend

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    BearingPoint is Better than Its Stock Price

    Senior Manager (Former Employee) McLean, VA

    ProsBearingPoint offers excellent career potential. An individual can move up the ranks fairly quickly if proficiency is shown in applicable subject matter areas, and if you diplay leadership potential. Also, the ability to work on multiple projects for different clients provides exposure (though this is true of most consulting firms). BearingPoint is also pretty flexible in allowing employees to move around to find your niche (although its better to do this earlier in your career when your rate is fairly low). Typically, the firm offers a decent work life balance that is superior to other large consulting firms. All in all I would work there again.

    ConsWorking long hours is sometimes required. Unfortunately the bonus structure doesn't always make up for the long hours worked. Depending on the industry you serve, you may be required to travel most of the time. If you don't mind the travel, its an excellent way to rack up frequent flyer miles and other points. Public Services typicall requires little to no travel. I worked with the firm for over 10 years and traveled no more than 5 to 6 times over the entir course of my employment. The only other downside is the firm still operates under a pseudo partnership model. In short, each managing director delivering consulting services is treated as an economic unit with gross and net revenue goals. My only issue with this is sharing staff becomes an issue when a Managing Director is not credited with the revenue of a staff member. They become less willing to share when they don't get the cash for their employee's work. This type of attitude is counterproductive for the firm.

    Advice to Senior ManagementThe salaries for each position, especially management positions, needs to be reassessed to make the playing feel more level.. The firm should pay for performance. I've found that there is much, much disparity across management level salaries. Perhaps a pay banding approach with performance incentives is better suited. This will help level the playing field. Some are paid high salaries because they are a part of the "good ole boys network", while others work very hard and are sometimes not compensated as well.

    Yes, I would recommend this company to a friend

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    • Disapproves of CEO

     

    When all else fails, join BE

    Business Consultant (Current Employee) McLean, VA

    ProsIf you need to just get into consulting and gain some exposure but you don't have the background to enter into an ACN or a Deloitte, then come to BearingPoint.

    ConsNo bonuses, no standard of living raises, high turn-over, no tuition reimbursement, stocks are below a $1, company could be bought out, uncertain future, name recognition not as high as other firms.

    Advice to Senior ManagementSell!

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    Might be worth if if you get into the right group!

    Financial Analyst (Current Employee) McLean, VA

    ProsIf you get into the right group, you might actually enjoy it!

    ConsBad management who are always looking out for themselves.
    Every man for himself.
    Our group gets no bonuses, raises or promotions because management claims to have no funds in budget - that will happen when you spend $5M on outside/contractor services!

    Advice to Senior ManagementLearn some real leadership skills and walk the walk!

    No, I would not recommend this company to a friend

    • Work/Life Balance
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    • Approves of CEO

     

    Satisfying, if you manage and direct your own career

    Senior Consultant (Current Employee) McLean, VA

    ProsHardworking, smart people. Opportunities for advancement if you yourself take control. Interesting opportunities in various parts of the world. If required, in certain cases, the company will get you a security clearance.

    ConsThe company says in theory it's possible to move around and gain more experience in different internal contexts, but in practice the groups are much more territorial. In having moved among groups, I actually feel like I beat the system instead of using it the way it's intended.

    Advice to Senior ManagementNeed much better maternity leave benefits. Need better employee education benefits. Need to connect disparate parts of the company that work in the same regions.

    Yes, I would recommend this company to a friend

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