London Economics International

  www.londoneconomics.com
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London Economics International Reviews

Updated September 2, 2014
Updated September 2, 2014
6 Reviews
2.3
6 Reviews
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AJ Goulding
4 Ratings

Employee Reviews

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  1.  

    extremely challenging projects, great learning environment

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

    I have been working at London Economics International full-time for more than a year

    Pros

    great benefits, dedicated, hard working senior management, very informal/flexible work environment where you can learn a lot about modeling and quantitative skills which are hard to find. they also sponsor you for training sessions, and seminars

    Cons

    narrow field of work, you need to be very interested in energy economics to have fun here. its a small office and interpersonal dynamics are important to consider

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Don't settle - poor compensation and management, no value add to professional development

    • 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

    1. informal environment so you can go in with jeans and t shirt
    2. some of my colleagues are really nice
    3. some projects are really interesting, but they are mostly back-end research work which is what I have been doing in college
    4. people generally want to listen to your inputs I guess

    Cons

    1. not much value add as there is no closing or debrief at the end of each project, so you don't learn anything at all except the technical knowledge you acquire from your individual research work which a 15-year old is capable of doing
    2. there is virtually no networking opportunities outside the 15-man company, so not a good place for fresh grad
    3. no teamwork as you are left on your own to conduct your research
    4. the company recruits mostly Asians as I believe they know that non-Asians wouldn't find the long working hours and compensation attractive at all
    5. no leadership and very poor communication from the senior management - they tend to like to work from home by calling a "feeling under the weather" day and sometimes you don't know where to find them
    6. support staff always comes in late so they are not much of a support at all; and when you ask for support, sometimes they are really rude as this means extra work for them
    7. you are expected and pressured to follow what the senior consultants have done in the past in order to progress in the company; you can't really voice out your concerns, and when you voice them out, there are folks who will silence you
    8. turnover is extremely high

    Advice to ManagementAdvice

    definitely make time for project closing as this is how you bond your consultants together; perhaps get more support staff to spread the workload so any support that your consultants request won't be brushed off as trivial - you have to get to come on time too as businesses are lost when you are operating without a call receiver; have at least a senior management in the office to oversee the team and resolve any conflict should there be any; try to retain your employees :)

    Doesn't Recommend
    Disapproves of CEO
  3.  

    Do not stop here and keep looking

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

    I worked at London Economics International

    Pros

    wear tees and jeans (otherwise none)

    Cons

    lack of respect to personal boundaries;
    lack of recognizance of staff's effort;
    pretty poor benefit package;

    Advice to ManagementAdvice

    lack of professional and moral ethics
    not trustworthy but difficult to work with
    blow hot and cold out of the same mouth for their selfish purposes
    principals should discipline themselves

    Doesn't Recommend
    Disapproves of CEO
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  5. 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. 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
  7.  

    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 for less than a 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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