FTI Consulting Reviews

Updated July 27, 2015
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3.4
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FTI Consulting President & CEO Steven H. Gunby
Steven H. Gunby
34 Ratings

Pros
  • Excellent work-life balance in the unit I working (in 14 reviews)

  • You learn a lot from an incredibly talented group of people (wish they did a better job of making them want to stay) (in 6 reviews)

Cons
  • There's no work/life balance (I used to work on weekends) (in 25 reviews)

  • Long hours prohibit a good work/life balance (in 12 reviews)

More Pros and Cons

254 Employee Reviews

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  1. Great potential...unrealized

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at FTI Consulting

    No opinion of CEO
    No opinion of CEO

    Pros

    Compensation and benefits are excellent

    Cons

    High levels of stress. Very poor communication. Very poor recognition. Poor Leadership. Poor Project Management.

    Advice to Management

    Build strong communications models and require them to be used. Implement and adhere to PMO best practices. Listen to and trust recommendations from those you've paid to make them.


  2. Financial Dynamics

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

    I worked at FTI Consulting

    Pros

    Friendly co-workers, good entry-level compensation

    Cons

    Poor reporting structure, senior management not visible within company, poor review structure

    Advice to Management

    Be more visible, give credit where credit is due & work on legitimate company bonding.


  3. Helpful (1)

    Up or Out. Work hard and be rewarded.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in Los Angeles, CA
    Current Employee - Consultant in Los Angeles, CA

    I have been working at FTI Consulting

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Jobv promotion and growth. Rapidly growing company, and you can grow with it.

    Cons

    Office culture varies completely from location to location. Rapid growth and acquisitions means that there is little cohesion and uniformity between office locations. Some offices are very cutthroat and you will often work late nights and work weekends. Some are incredibly relaxed and will require only 8-5 workdays with no weekends required. Travel is expected and for some, ubiquitous. Our travel policy is very generous, but at the same time, you may not come home much, as for some engagements, weekend stay-overs are expected.

    Advice to Management

    No idea.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (2)

    Good or Bad Depending on Who Likes You

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

    I worked at FTI Consulting

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Fast promotion, high raises and better projects only if you are "buddies" with people in Director level or above. There is no real structure, which means there isn't one person you have to report to. It depends on the project. So You can choose who to work with, assuming that the person is also interested in working with you.

    Cons

    If you are not "buddies" with the right people then you will not enjoy working at FTI. If you are a Contractor, then you get treated badly (no respect, ignored, etc). Sometimes a person at the level above you can request to work with you, and you have no say (or perhaps afraid to say no for fear of getting on someone's bad side) in working or not working with the person.

    Advice to Management

    Prevent favoritism because usually unqualified people who know how to suck up reap the benefits. Then those unqualified people boss around the qualified, but lower level, people. This leads to the lower level people quitting, which leaves only the unqualified people trying to figure out who they need to hire in order to prevent senior management from realizing that they don't know how to do their job.


  6. Helpful (3)

    Quit buying more firms and focus on FTI's core consulting practice

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Managing Director in San Francisco, CA
    Current Employee - Managing Director in San Francisco, CA

    I have been working at FTI Consulting

    No opinion of CEO
    No opinion of CEO

    Pros

    FTI offers very high salaries and excellent benefits and vacation. The work can be very challenging (this is a plus). The work schedule is flexible, which can be good or bad - some days are not busy while other times you may have to work weekends.

    Cons

    The structure at FTI is very hierarchical. The review and promotion process is Byzantine. There is little support for mid-level managers - the transition from obtaining work from senior people to generating your own business makes it very lonely in the middle.

    Advice to Management

    Quit buying more firms and focus on FTI's core consulting practice


  7. Helpful (1)

    Phenomenal growth...or a house of cards?

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in Washington, DC
    Current Employee - Director in Washington, DC

    I have been working at FTI Consulting

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Good benefits, fast career track if you get in with the right people.

    Cons

    Bad management and revenue stream based on hourly billing means that you have to work nights and weekends on short notice.

    Advice to Management

    Stop focusing on revenue numbers and start focusing on doing good work.


  8. Helpful (1)

    Growing company, with good benefits, challenging work and constant travel

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

    I have been working at FTI Consulting

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    FTI is a growing company and a mix of cultures. Satifsfaction depends on who one works for. Can be a hit or miss, but on the whole is positive.

    Cons

    Perma-travel often without any notice

    Advice to Management

    n/a


  9. Helpful (1)

    Overall nice place to work

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

    I have been working at FTI Consulting

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Lots of room for growth. If you wait it out, you can be successful. Nice benefit package. Given autonomy in work. Nice stock option purchase plan for employees. Reasonable hours as compared to other consulting firms. Nice paid time off package.

    Cons

    Status quo in promotion process. Artifical time barriers between levels. Cost of living index not reflected in pay across different geographic regions. Very differnt expectation across groups within segements. Pay is less as compared to counterparts in other consulting firms. Salary benchmarked against accounting firms, but job description very different from that of an "accountant" at big 4 firm. Some people pushed along becasue of time at firm rather than own merit.

    Advice to Management

    Pay more attention to staff. Don't restrict promotions to once a year. Vary the compensation across geographic regions.


  10. Helpful (1)

    bucket shop

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

    I worked at FTI Consulting

    No opinion of CEO
    No opinion of CEO

    Pros

    I began my career in consulting, at FTI Consulting, where I worked within the corporate restructuring group, which specializes in assisting businesses and creditors during. FTI was a wonderful place to learn about general business management and finance via failed businesses. The cases can be long or short, I often enjoyed the shorter cases as you are able to glean the most in the first 4 weeks of a project and any project much longer than 2 months will simply be much of the same day in day out. Understanding why businesses fail is a great base line in understanding all businesses.

    Cons

    travel and pay. On average a consultant will only make between 10% and 15% of what he bills to the client. The business model is more about keeping the rainmakers and letting the young talent attrition right out the door. Therefore, the folks in sr. mgmt positions that stick around are not usually that good at what they do, but rather there because they have no other options. The work is monotonus and often cookie cutter like any other consulting firm but even more so because it is structured around the bankruptcy law. This makes it especially important to work for good people.

    Advice to Management

    If they want to attract the best talent they need to pay more, additionally if they want to keep good talent they need to increase the pay rates.


  11. Helpful (1)

    Insane recent growth

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

    I have been working at FTI Consulting

    No opinion of CEO
    No opinion of CEO

    Pros

    The overall growth of the company and stock price. If it was not for the growth in the stock price the compensation would not be worth the work.

    Cons

    Very convoluted and often ill explained structure and career advancement opportunities. The different structures are not merged in properly and there is rarely any overlapping business generated. The mid level management is non existent leading to communication and skill gaps within the heirarchy. It is also the case that most of the senior management comes from a educational background and therefore treats the job/employees as one would in a grduate school thereby leading to unprofessional behavior.

    Advice to Management

    Become more professional, this is not a graduate school.



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