Diamond Management & Technology Consultants

www.diamondconsultants.com
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Diamond Management & Technology Consultants Reviews

Updated April 6, 2015
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81 Employee Reviews

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  1. Helpful (2)

    Amazing people and experiences but work/life balance can be rough and new leadership is needed

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Principal Consultant in New York, NY
    Former Employee - Principal Consultant in New York, NY

    I worked at Diamond Management & Technology Consultants

    Recommends
    Disapproves of CEO
    Recommends
    Disapproves of CEO

    Pros

    People - they are smart, hard working and incredibly nice. You will make friends for life. Flexibility - IF you are a top performer, mgmt will bend over backwards to make you happy: including personal stuff (leave of absence or sabatical), and ability to influence what projects to work on Stepping stone for great job at client - do well at your client and get hired by them...and skip ahead on the career ladder (relative to your friends who graduated with you and went to work directly for the client). Esp if you want to stay within the technology org for your client - the brand name typically carries respect. Travel / food - similar to other consulting firms, you will travel to interesting places and always eat very well. Also, work for the fun partners and you'll go on some legendary boondoggles.

    Cons

    Work life balance can be pretty warped. Highest priority is delivery - your personal life will be sacrificed. Of course this varies by partner / team / client. I know several ppl who had a great work/life balance...but the higher up the ladder you go, this disappears pretty fast. Anyone at manager and above is going to be working their bu** off...at principal sleep can be optional.

    Advice to Management

    A) You need to be more transparent about the decisions you make B) You need to get rid of the partners that consistently rank low on the 'people' dimension. You know who they are. Just because they bring in business is not a reason for them to abuse their teams. In the long run they are killing the culture and bleeding the firm of talent C) CEO has great intensity, knows the firm and culture extremely well and has the right integrity/ethics...but he is NOT the leader who is going to grow the firm. First, he takes about three times as long to explain something as is needed (both oral and written). Most ppl tune out when he starts talking. He's simply not inspirational. Second he's had his chance...there has been no growth from 2005-2008.. Pls don't blame the environment - that is only relevant in 2008. Full Disclosure: I continue to be a shareholder and think there is a big market for Diamond's services and potential upside for the stock.


  2. Disgruntled consultant that dislikes his financial services co workers, and misses the entreprenurial culture.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Consultant in Chicago, IL
    Current Employee - Associate Consultant in Chicago, IL

    I have been working at Diamond Management & Technology Consultants

    Disapproves of CEO
    Disapproves of CEO

    Pros

    There is transparency and a very multi-disciplanary team on every project at Diamond. The partners, if you receive the right one, are probably the most transparent and willing to progress your career. however, they end up not caring towards the end because they are concerned with sales and performance . The performace process is very opinionated and they should rid of it. Also there are a lot of useless operations people that work there, although it helps the culture of diamond to have these folks, most of the consultants spend the time doing all the internal work. Diamond is a great company to work for if you can come into the company after two years of work somewhere else.

    Cons

    culture, compensation, 401k, partners, and amount of internal work.

    Advice to Management

    Be more collegiate


  3. Helpful (1)

    satisfied

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager
    Current Employee - Manager

    I have been working at Diamond Management & Technology Consultants

    Approves of CEO
    Approves of CEO

    Pros

    Smart people and entrepreneurial culture

    Cons

    not enough bench strength and still a small company

    Advice to Management

    figure a way to grow, compensate and reward the best and brightest throughout the firm rather than continue to promote the ideals that everyoneis great


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  5. Helpful (2)

    If your willing to work, a great place to augment your business and tech skills

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Consultant in Chicago, IL
    Current Employee - Associate Consultant in Chicago, IL

    I have been working at Diamond Management & Technology Consultants

    Disapproves of CEO
    Disapproves of CEO

    Pros

    The benefits are great, you can't beat our health coverage. Diamond affords all its consultants a great opportunity to be exposed to senior level employees at clients. The pay is comparable to that of our competition.

    Cons

    Poor work life balance, if you have a family that you care about, this travel heavy lifestyle probably will not work for you. Management decisions are not transparent, it always seems like they are hiding something from us, no matter how genuine they try to look. We do a terrible job building our brand, very few people recognize the name 'Diamond' as something other than a gem.

    Advice to Management

    Drink your own Kool-aid. We spend so much of our time trying to help our clients and their management be more transparent in their practices and yet internally, only our senior most folks actually have a sense of what is going on. Your employees are not stupid, please don't treat us like we don't work with your equivalents at client sites every week.


  6. Helpful (1)

    Foundering CEO

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Principal Consultant in Chicago, IL
    Current Employee - Principal Consultant in Chicago, IL

    I have been working at Diamond Management & Technology Consultants

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Good pay and benefits. Good people to work with. You can get excellent exposure to top executives at clients.

    Cons

    Hours are long. It is heavily male dominated, with little progress towards work life balance. What little there is is dependent on the personality of the partner in charge of a specific project. The strategic direction is totally unclear.

    Advice to Management

    Get a new CEO. Clarify our direction, strategy and tactics. Talk more openly to employees.


  7. Great place for self-starting, creative problem solvers; process robots need not apply

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Principal Consultant in Chicago, IL
    Current Employee - Principal Consultant in Chicago, IL

    I have been working at Diamond Management & Technology Consultants

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Unbeatable benefits, very competitive salary, and most of all - working with (mostly) smart people at great clients.

    Cons

    As a small firm, staffing still done by word-of-mouth; your reputation proceeds you which can be good or bad; politics play a role - but not different from other firms

    Advice to Management

    Focus - we cannot be switching strategies and reorganizing the firm every 2-3 years. Trim the fat at the top - promote only the best.


  8. Good company, but let's see what happens...

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Chicago, IL
    Current Employee - Senior Associate in Chicago, IL

    I have been working at Diamond Management & Technology Consultants

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Smart and influential colleagues, experienced senior management, interesting work, unmatched medical benefits, entrepreneurial spirit due to size of firm, transparency across the firm regarding internal initiatives and firm direction, respect from clients, humble and client-focused culture, trusted advisers, objective insights and recommendations, respect for work/life balance, situational leadership

    Cons

    Excessive travel, weaker bonuses compared to counterparts, sometimes redundant work, pigeon-holing in roles, staffing projects is difficult, getting staffed to preferred projects is difficult, lack of mentoring from senior management, company is currently changing direction and focusing on execution versus strategy, can be difficult for new/experienced hires to adjust to high standards embedded throughout the company's culture, cumbersome and inconsistent review process

    Advice to Management

    Take more time to mentor junior team members, increase emphasis on training new hires, improve staffing process


  9. The Life of a Diamond Academy student

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Consultant in New York, NY
    Current Employee - Associate Consultant in New York, NY

    I have been working at Diamond Management & Technology Consultants

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Some of the best reasons to work for Diamond Management & Technology Consultants are: - Everyone who works at Diamond Management & Technology Consultants are smart and motivated - Diamond offers the best health plan in the country... period - There is potential for an incredibly great career growth from top to bottom at Diamond Management & Technology Consultants - A very high emphasis is placed on collaborative approach to problem solving. It is difficult to survive without communicating with other co-workers - Great place to learn from other people's experiences at different clients as well as the different types of work being done

    Cons

    - Work life balance is definitely affected due to the long hours and firm contribution activities - Still an old boys club in some ... definitely helps to know the right people across the firm in order to get better opportunities and one's name across - Monetary compensation not on par with other strategy consulting firms

    Advice to Management

    - Revamp the performance review process to focus on fixing the priorities of the different parameters - Solicit continuous feedback on the state of the firm by the employees


  10. Helpful (1)

    Two years at Diamond equals four to five in experience, exposure, opportunity, and hours worked. It's worth it.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Chicago, IL
    Current Employee - Manager in Chicago, IL

    I have been working at Diamond Management & Technology Consultants

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Very bright people to work with, teams are flat, and they accomplish a lot. Client list and types of projects allow teams and individuals to have a huge impact for clients. Some of the best ideas come from Analysts and Associates, while Managers and Principles are open and collaborative in style. Non-collaborative types are weeded out quickly, which is good. Some of the very best and brighest people work at Diamond.

    Cons

    Long hours - though work life balance is talked about, it’s sometimes difficult to see in the behavior. Performance reviews can be overly complex while specific feedback can sometime seem ad hoc.

    Advice to Management

    Communicate less about what The Street wants to hear and instead talk about what the Front Line wants to hear and has questions about.


  11. Diamond is a great place to develop skills, but it's not going to be a final landing place for anyone's career.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Chicago, IL
    Current Employee - Manager in Chicago, IL

    I have been working at Diamond Management & Technology Consultants

    Recommends
    Disapproves of CEO
    Recommends
    Disapproves of CEO

    Pros

    Incredible benefits package translates to no out of pocket expenses for consultants (especially nice for employees with families). The work is typically quite stimulating and clients ask us to work on their most critical projects.

    Cons

    Like most consultancies, the work-life balance is difficult and expectations are high for people, especially experienced hires. Travel is typically 4 days out of town with Fridays from the office or working remotely at home. Diamond continues to evolve its strategy and try to answer the question of "who we are and what we do". This is often an impediment to the firm expanding its reach beyond the current client roster.

    Advice to Management

    Extend the sales responsibility beyond the partnership and enable people to be successful by bringing them along for the journey.



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