London Economics International

  www.londoneconomics.com
  www.londoneconomics.com
There are newer employer reviews for London Economics International

1 person found this helpful  

not worth it

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Research Associate in Boston, MA
Former Employee - Research Associate in Boston, MA

I worked at London Economics International

Pros

you can work in jeans and tshirts

Cons

need to adjust working hours based on boss' schedule (weekends or late at night);
long working hours and not compensated well

Advice to ManagementAdvice

invest in people!

Doesn't Recommend

6 Other Employee Reviews for London Economics International (View Most Recent)

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  1. 1 person found this helpful  

    Think twice

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Boston, MA
    Current Employee - Anonymous Employee in Boston, MA

    I have been working at London Economics International

    Pros

    Informal, you will learn a lot of things in the energy field.

    Cons

    Expect to work late at night even during weekends sometimes

    Advice to ManagementAdvice

    People are not productive if they are tired

    Doesn't Recommend
  2.  

    Serious cultural issues detract from what could otherwise be a good employment experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Consultant in Toronto, ON (Canada)
    Former Employee - Consultant in Toronto, ON (Canada)

    I worked at London Economics International full-time (less than an year)

    Pros

    At a high level, the work is quite interesting and diverse. Just based on the nature of the job, you will get broad exposure to wholesale power markets around the world (and likely get to travel). Management is willing to support training endeavours and networking events so it's possible to grow within the industry.

    Most of the staff are friendly, and there is a sense of camaraderie (for the most part, of those who manage to stick around).

    Cons

    A lot of the key complaints have been touched upon and are for the most part founded in some elements of truth. The hours are long, the work is hard and sometimes tedious. Is this unique to consulting? Not entirely, however most other firms which expect the best effort from smart people, pay accordingly and provide very tangible upsides for those who perform (bonuses, career advancement opportunities etc.). The firm has no intentions of expanding, and as such there is very little upward mobility for someone early on in their career. It's a war of attrition for those who do plan on rising the ranks.

    There are some very serious cultural and management issues that detract from the overall experience:

    1) Unreasonable expectations: As others have mentioned, you are expected to be at the beck and call of the partners and managing consultants. This means evenings, weekends, special occasions are all fair game. If a project is due, you are required to step up. It's not the odd case, it's the norm. This has other implications for office culture, as being present and looking busy becomes more important than getting things done. In the off chance the workload happens to be "light", most staff will stick around the office for the optics of looking busy both to please the partners, and to ensure that they are not targeted for additional work.

    2) Lack of rewarding work: Others have also mentioned a lack of support and being left alone to conduct your own research with little or no guidance. This is somewhat to be expected from a small firm that has a constantly binding staffing constraint (or at least appears that way- see above). Realistically you will spend most of your time executing on the partners vision for a paper or project (read: formatting graphs, editing documents, finding facts that back their opinions etc.). If you are looking for high impact work, you will be sorely disappointed.

    3) Poor communication: Management is not receptive towards hearing any constructive criticism- the firm is run as a duopolistic dictatorship and will remain that way. Concerns and recommendations are taken as personal attacks and are immediately discarded. This applies at all levels of the business right down to the snacks that are stocked in the office. The lack of transparency also drives resentment and distrust amongst staff since there are often no explanations for the outcomes of decision making.

    4) No investment in people: Contradictory to what was said previously about training opportunities, there is little investment into what individuals find rewarding and want to work on. Part of the downside of the diversity of work means that you will be forced to be a jack of all trades and master of only MS excel. There is no mission or vision statement for the firm, which says a lot more about the firm than any statement ever could.

    5) Lack of foresight or planning: Given that there is no feedback or discussion between management and staff, resource allocations follow little to no logic. This also applies to all aspects of the business, from staffing on projects, through seating allocation in the office.

    All of these issues result in extremely high employee churn. There is little in the way of people management or administrative support, it's like working at a start-up with none of the upside.

    As others have said, Caveat Emptor.

    Advice to ManagementAdvice

    Honestly, I don't think they're listening.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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