Katzenbach Partners

  www.katzenbach.com
  www.katzenbach.com
There are newer employer reviews for Katzenbach Partners

2 people found this helpful  

Poor capability in adapting the firm strategy and improving the firms performance during tough times.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Poor Place for "Top Tier" MBA's - Stay Away in Chicago, IL
Current Employee - Poor Place for "Top Tier" MBA's - Stay Away in Chicago, IL

I have been working at Katzenbach Partners

Pros

The relative small size of the firm allows people to take on additional roles and responsibilities earlier than you would see at most firms. The transparency provided during firm wide calls does give individuals a good sense of the performance of the firm as well as what the future opportunities and changes are. Certain senior partners are extremely talented and the flat structure of the organization does allow for interaction and dialog between junior members and senior leadership. Most of the people are smart along some development and are fun to go have a drink with. the recruiting function is extremely well organized and has done a good job building the brand even if the equity isn't there.

Cons

Poor ability to leverage MBA's and people that have significant past work experience, reluctance to answer the tough questions and truly work on the most compelling issues for clients. Much of the work is still seen as discretionary by most clients. Too many young managers, that do not have fundamental business skills provided in most MBA programs, the lack of work experience also shows in many of their capabilities to manage teams and grow client relationships. Severe group thing exist when understanding how the firm is performing and how bad the problems are. The firm continues to be dominated by the New York office even though the office is only driving 1/3 of the firms revenue and 2/3 of the consultants. Offices like Texas should be given more power given the revenue they are driving. The focus of New York on only org based work is slowly killing the firm. Poor brand equity, most people will not know who it is until you mention the McKinsey link. Poor pay comparison from the manager level upward expect to take home 70%-80% of what you would take home at (BCG, McKinsey,Bain) the entry salary is a gimmick to entice top tier talent. There is not an active Alumni network to help place people when Up or Out occurs, most Alums want nothing to do with the firm.

Advice to ManagementAdvice

Look for strategic partners to drive future growth, and growth at the next level. the current model is not scalable above 300 consultants given the amount of new entrants entering the space. The platform needs to be diversified geographically and from a work and sector standpoint. Selling to a strategic buyer could be advantageous. More analytical resources should be hired to improve the firms capability to serve clients.

Doesn't Recommend
Disapproves of CEO

11 Other Employee Reviews for Katzenbach Partners (View Most Recent)

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  1. 1 person found this helpful  

    MBAs stay away!

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

    I worked at Katzenbach Partners

    Pros

    It's a job in management consulting

    Cons

    Poor culture and little to no opportunity for learning, talented people leave within 1 year, work-life balance much worse than other firms with 80+ hr weeks typical, MBA-level skills not valued, too many 24-27 year olds with little business experience in senior positions of leadership

    Advice to ManagementAdvice

    Need to retain MBAs--business capabilities not there for people who came in through undergraduate channels

    Doesn't Recommend
    No opinion of CEO
  2. 1 person found this helpful  

    Great firm for undergraduates who want to launch a career and get compensated well.

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

    I have been working at Katzenbach Partners

    Pros

    Great people and projects with companies that are more befitting more established consulting firms. Very entrepreneurial and creative culture that is very collaborative. Allows its consultants to take leaves of absences which helps them build experiences outside of consulting. Pay is very competitive at the lower levels....in fact, junior consultants are treated very, very well financially.

    Cons

    Very little brand name recognition outside of undergraduate recruiting. Most people will never have heard of Katzenbach including recruiters, so if you ever want to pursue a career outside of consulting, you are on your own. Staffing can sometimes feel a little haphazard to some. There is wide variance in the quality of project managers from a problem solving and people management perspective.

    Advice to ManagementAdvice

    Need to figure out the attrition issue. Too many great consultants leave the firm.

    Approves of CEO
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