First Manhattan Consulting Group Reviews

Updated August 3, 2015
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3.4
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James Mc Cormick
3 Ratings

12 Employee Reviews

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  1. Great Learning Opportunity

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at First Manhattan Consulting Group full-time (More than a year)

    Pros

    - Senior staff is incredibly knowledgeable about the industry - Emphasis on thorough data analysis and an analytical approach to client engagements - Many early opportunities for project management and direct interaction with senior client leadership - Collaborative work culture (especially within the Marketing Services team)

    Cons

    - Very long hours and demanding environment but comp structure and bonuses are typically higher than other consulting firms


  2. Incredibly smart people

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at First Manhattan Consulting Group full-time

    Pros

    Work with and get exposure to some of the smartest people in the consulting industry, while getting paid a truly competitive wage. Work life balance is considerably better than other consulting firms. Brand name is regarded highly for those familiar with First Manhattan.

    Cons

    Brand name does not carry much weight outside the world of Commercial and Retail Banking. Flat organizational structure and small teams allow for greater experience and executive exposure at the junior level, however, project variety and continued opportunities for growth are limited. Firm growth has slowed in recent years, and future direction is uncertain.

    Advice to Management

    The primary focus should be on growing the firm at the senior level and rebuilding the culture. People are what make FMCG great, and this aspect has caused the firm to suffer in recent years. Revamp firm technology and processes. Many are years behind and there is considerable opportunity for improvement. Improve firm alumni relations.


  3. Great place to start your career

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Negative Outlook
    No opinion of CEO

    I worked at First Manhattan Consulting Group full-time

    Pros

    - Incredibly smart and driven people with high EQ across all levels of the organization - Lean teams allow for rare project ownership / leadership opportunities early in your career - A lot of client interaction - Interesting case work - Very good bonus / comp structure - Demanding / challenging environment -- if you can thrive here, other firms will be a cakewalk

    Cons

    - Experience varies highly based on partner leading case - Small size leads to a lot of "free work" or "proposal work" which can get monotonous - Low work life balance leads to high turnover - Low focus on people development / management

    Advice to Management

    - Enforce regular feedback and improve focus on developing young consultants - Enable better work-life balance initiatives; 70-80 hour weeks are unnecessary and should be discouraged


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  5. Boutique consulting firm with a history of excellence

    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at First Manhattan Consulting Group full-time (More than 5 years)

    Pros

    Small project teams lead to more opportunities for individuals to take on responsibility, shape the project plan, and work with senior client management. Firm culture encourages foundational development of data analysis, presentation, and project management skills.

    Cons

    Work-life balance can be heavily dependent on client needs and partner management style. Project work can be siloed around individual partner expertise.

    Advice to Management

    Continue to hire and develop young talent


  6. FMCG Analyst

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Smart People and challenging work

    Cons

    Absurd Hours, travel expectations, etc.


  7. Great firm

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Rye Brook, NY
    Former Employee - Anonymous Employee in Rye Brook, NY
    Recommends
    Neutral Outlook

    I worked at First Manhattan Consulting Group full-time (More than 8 years)

    Pros

    Incredibly influential given size. FMCG veterans populate the senior ranks of prominent banks and consulting organizations.

    Cons

    As with all firms, competition gets more competitive every year.


  8. You will learn a lot, but you will work for it

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook

    I worked at First Manhattan Consulting Group full-time (More than 3 years)

    Pros

    You will play a significant role on high level projects immediately. Many of the projects were directly for CEOs, CROs, CFOs, Business leaders, etc. If you can stick around, you will learn a lot.

    Cons

    The amount of work that you do will frustrate you. You will be paid higher bonuses than other consulting firms, but you will work significantly longer hours (not as many as the hours in investment banking, but a lot). The culture is also demanding and makes you feel guilty for saying "no."

    Advice to Management

    Management should take a step back and let lead partners run projects the way they want to. If not, then be more involved early.


  9. Helpful (1)

    It was a bit of a sweat shop

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    No opinion of CEO

    Pros

    They pays pretty well for consulting

    Cons

    Kiss your life goodbye - you'll be working all the time


  10. Learn a lot

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    A lot of smart people

    Cons

    Not many I can think of


  11. Helpful (2)

    If you can survive, you will learn a lot

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Analyst in New York, NY
    Former Employee - Senior Analyst in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    There are growth opportunities that are unheard of at FMCG. You are thrown into the fire from day 1 and it is on you to push forward your career and learning opportunities. Since the firm is so small, there are many opportunities for "reach" opportunities and you are more often going to be in meetings with senior leadership than not.

    Cons

    You will not sleep, you will not work out, you will only eat Seamless Web dinner for the entire duration of your tenure. You are compensated to work 20 hour days 6 days a week and they take advantage of that fact.

    Advice to Management

    I believe that hiring a few more people would lighten the work load and allow for a better work life balance. However, the number one change must be the management style of the managing VPs from a system based on turnover to a system which values experience, tenure, and maturity.



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