L.E.K. Consulting

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L.E.K. Consulting Reviews

Updated February 16, 2015
Updated February 16, 2015
181 Reviews
3.8
181 Reviews
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L.E.K. Consulting Global Managing Partner Stuart Jackson
Stuart Jackson
50 Ratings

Review Highlights

Pros
  • Improving attempts to manage work/life balance compared to the past (in 8 reviews)

  • Great people to work with at the consultant and associate level (in 13 reviews)


Cons
  • Obviously work/life balance is tough but better than competitors due to no travel (in 35 reviews)

  • Long hours (but typical of other consulting firms, as I understand it) (in 33 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good first job out of college

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate Consultant in San Francisco, CA
    Current Employee - Associate Consultant in San Francisco, CA

    I have been working at L.E.K. Consulting

    Pros

    good professional development, good culture and people

    Cons

    lack of diversity in casework, especially in smaller offices.

    Hours

    No 401K matching

    Advice to ManagementAdvice

    Pay more attention to your associates' needs

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    Had high hopes but was disappointed by how Management treated the staff - it all seemed a bit fake

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at L.E.K. Consulting full-time (more than a year)

    Pros

    Good salary, Social activities, High Growth, Interesting and genuinely challenging projects, Very smart people

    Cons

    Very horrible Managers, Apathy from the MDs about how hard the team works and how tired everyone is, Too much focus on selling work, and not enough about sustainable working practices, Very disorganized internal IP process

    Advice to ManagementAdvice

    Keep a very close eye on the Managers, and please hire more people and/or reduce the workload

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  3.  

    All the perks of management consulting without the extensive travel

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

    I have been working at L.E.K. Consulting full-time (more than 5 years)

    Pros

    -Early management experience for MBAs
    -Merit based performance (always be challenged and grow at your rate)
    -Great people / environment (very friendly, outgoing, extremely smart, and help each other)
    -Interesting / stimulating work (shorter, pure strategy projects)
    -Low travel, which also means more fun office culture (travel primarily for presentations and workshops, not to just be on site)

    Cons

    -Challenging hours
    -Not as much control over staffing as you'd like

    Advice to ManagementAdvice

    Continue to build out the staff support capabilities and programs comparable to large competitors. Senior leaders are on track with this and clearly investing in infrastructure for growth

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Fantastic growth and learning opportunities for driven individuals

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at L.E.K. Consulting

    Pros

    High levels of responsibility
    Constantly being challenged and learning new things
    Incredible caliber of people across all levels
    Collaborative and collegial culture

    Cons

    Steep learning curves
    Can be challenging to get up to speed quickly on new markets and industries
    Little to no downtime between projects

  6. 1 person found this helpful  

    Know what you're getting into

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate Consultant
    Current Employee - Associate Consultant

    I have been working at L.E.K. Consulting full-time

    Pros

    Great learning opportunity; you develop real skills and strong business thinking. Work is consistently interesting (especially after the first year). If you do well, you will almost always have the opportunity to take additional responsibility. Very good exit options in multiple industries. Strong camaraderie and culture at the Associate level. Smart, nice, and friendly Associate and Consultant coworkers.

    Cons

    Not necessarily a happy work environment. Very long hours, and more weekend work than some would expect. There is a often a "boil the ocean" mentality, which results in unnecessary work. Lots of artificially induced stress as well. Many projects appear to be undersold and end up crushing the too-small team. Bad behavior is consistently tolerated. Strong performers get worked very, very hard (zero down-time between projects, more difficult projects / roles), but don't really make much more or get promoted earlier than average Associates. Also, there is a very long ramp-up to the post-MBA position for undergrad hires - you don't get there until year 5, which is 1-2 years later than most other firms. Your first year as an Associate (undergrad hire) here is largely spent cold-calling and doing related tasks.

    Positive Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    Outstanding first job, great opportunities; challenging learning curve and long hours

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

    I have been working at L.E.K. Consulting full-time (more than 3 years)

    Pros

    Outstanding first business experience. Extremely rapid exposure to high-level strategic decisions and a wide variety of industries. Two years=18+ cases across 5+ sectors (healthcare, PE, life sciences, retail/consumer, aviation, energyy, etc.) Expect management of junior associates and building models within the first year, especially when summer classes enter. Comp is in line with other major strategy consulting firms. 90%+ of work is in the office, a sharp contrast to MBB, which is 80%+ on site. This contributes to an excellent office culture. Not only are the people who work here extremely intelligent, they are also great people, generous with their time, and fun to hang out with. Strong social calendar, both scheduled and impromptu. Very flat structure with open door policy.

    Extremely wide variety of excellent exit options. Good placement at HSW for B-school (nearly 100% placement into top 8 MBA programs), multiple former associates at VC and PE shops (e.g., AEA Investors, Apax, General Catalyst, etc.), good placement into corporate strategy and startups as well (e.g., Google, Crocs, WayFair, Converse, Under Armour, Wal-Mart, etc.)

    Hours have gotten substantially better since 08-12 timeframe; spikes still occur, but multiple initiatives in place / others being developed (comp time, protected weekends and ob6)

    Good opportunities to switch offices and participate in international swap program - international experience is almost a certainty. Large number of pro bono initiatives and non-profit programs supported by L.E.K.

    By the way, don't get caught up on the Vault rankings. No one in their right mind compares consultancies like Accenture and Deloitte to L.E.K.; L.E.K. advises Fortune 500s and large-cap LBOs on high level strategic decisions, ops consultancies help middle management implement two year IT integration plans. Real competitors are MBB, (former) Parthenon, OW, Roland Berger, Strategy & / Booz, ATK, and specialized consultancies in specific sectors (e.g., Putnam in healthcare / lifesci)

    Cons

    You're going to work a lot here. Not more than at MBB, OW, Parthenon, etc., but certainly not a 9-5. Expect 60-65 hours a week average, with fairly consistent 50-55 hour weeks punctuated with 70-80 hour weeks.

    High percentage of PE work. Expect to be on diligences ~1/3 of the time. Great if you enjoy that kind of work.

    Rapid learning curve, especially for Associates coming from humanities backgrounds.

    Not as much exposure to financial models relative to market models before 1.5 year mark.

    Can be challenging to get on the best cases (i.e., aviation cases)

    Expenses policy is slightly unreasonable (do you really need a receipt for a $10 cab ride? are you really not going to reimburse the $0.93 we went over budget?)

    Isolated under-performing post-MBAs (what happens when you gamble on new hires versus sponsoring more promote throughs)

    Advice to ManagementAdvice

    More transparency around how staff are placed on cases, less restrictive sponsorship policies - a fairly good SAC is worth 100% more than an average C1.

    While cost savings are important, they should not reach the point that employees feel like they're being nickeled-and-dimed by management.

    Improve branding / marketing to broaden L.E.K.'s appeal and bolster its reputation; increase engagement of alumni (McK=best practices)

    Recommends
    Positive Outlook
    Approves of CEO
  8. 1 person found this helpful  

    Great work experience, cutthroat environment

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

    I have been working at L.E.K. Consulting full-time (more than 3 years)

    Pros

    Interesting clients and impactful projects, great training for any job, smart and hardworking people

    Cons

    Senior staff is challenging to work with, not enough staff to do all of the work, tough working environment

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    Excellent place to advance your strategy career post-MBA

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

    I have been working at L.E.K. Consulting full-time (less than a year)

    Pros

    1. very quick learning curve--you get exposure to a wide variety of projects quickly within one year as many projects are shorter in length
    2. early management opportunity -- you get to manage a case team of undergraduates right away
    3. low travel model - most projects are staffed locally and travel is minimal (often just for a few client meetings)
    4. pure strategy projects-- many projects are pure strategy projects rather than implementation

    Cons

    As with all consulting comapnies the hours can be long at times and the performance expectations are high

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Great place to learn a ton about a variety of industries right out of college

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

    I worked at L.E.K. Consulting full-time (more than 3 years)

    Pros

    Collegial atmosphere- I made great friends there. It was a great place to start right out of college in a new city.
    Exposure to many different industries, or the ability to specialize in one particular industry.
    Great place to develop strong analytical skillset- this has been valued by other potential employers in later interviews.
    Doesn't have as much travel as many similar firms!
    You get to manage people earlier in your career there than you would at the big 3, from what my friends tell me (particularly at BCG).

    Cons

    Like any consulting firm, hours will not always be predictable. However, my hours were generally good (50-60 hrs a week for 2 years straight) and as I got promoted, hours were more within my control.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Excellent career trajectory and development opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Engagement Manager in Boston, MA
    Current Employee - Engagement Manager in Boston, MA

    I have been working at L.E.K. Consulting full-time (more than 8 years)

    Pros

    - Get to work with great teams in a fast-paced challenging environment
    - Significant responsibility early in your career (e.g., management of others)
    - Learn A TON and develop your business skills
    - Merit based promotions

    Cons

    - Fast-pace and high standards creates stressful environment
     - Long hours (but typical of other consulting firms, as I understand it)

    Advice to ManagementAdvice

    Managing Directors should make sure to maintain small-office feel as we grow (e.g., getting to know Associates, and showing in-person appreciation for teams' hard work)

    Recommends
    Positive Outlook
    Approves of CEO

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