AlixPartners Reviews | Glassdoor

AlixPartners Reviews

Updated February 25, 2017
131 reviews

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Full-time Part-time

3.9
Star Star Star Star Star
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Simon Freakley
20 Ratings

131 Employee Reviews

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Pros
  • Smart people, lots of opportunity (in 12 reviews)

  • You get to work with a great group of people on interesting, high-profile projects (in 7 reviews)

Cons
  • Work/Life balance - I'm not sure its more imbalanced than any other top consulting firm (in 22 reviews)

  • The managing directors oversell the competencies of employees and behave like spoiled teenagers when things don't go as they had promised to clients (in 6 reviews)

More Pros and Cons

  1. "Good company"

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

    I worked at AlixPartners full-time (More than 3 years)

    Pros

    Excellent assignments
    Small teams
    Lots of leeway
    Global presence
    Lots of very smart and dedicated employees
    Directors have tremendous experience in the industry and provide the backbone for the firm

    Cons

    Compensation is obscure. Have to be vocal to stay at par with market which can be strenuous
    Low work / life balance
    Travel 100%
    Management is hard to reach for discussion
    Not a true partnership - firm is owned by PE/investor
    Some management/admin positions are "rewards" to old friends leading to skills problems
    Retirement plan is very meager

    Advice to Management

    Standardize comp structure


  2. "One the best professional services firm for doing operation improvement, cost reduction type work."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in San Francisco, CA
    Former Employee - Anonymous Employee in San Francisco, CA
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at AlixPartners full-time (More than 8 years)

    Pros

    Experienced colleagues, impactful engagements, good networking, no face time culture.

    Cons

    Stingy retirement/401k benefits and health benefits.


  3. "Great in select areas"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Chicago, IL
    Current Employee - Vice President in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at AlixPartners full-time (More than 3 years)

    Pros

    AlixPartners as a firm hires intelligent, hard working consultants through a highly rigorous recruiting process. Client engagements are often high impact, really important projects that receive a lot of visibility from senior leadership (i.e., you won't be buried 5 levels deep in an organization reporting to a Director). The firm is poised for tremendous growth over the next several years.

    Most of the back office functions at AlixPartners are top notch - especially our IT help desk and Lead Management (Research) folks. They really are service-oriented and will bend over backwards to help out consultants.

    Generous health insurance package

    Cons

    - Compensation is secretive/opaque by design, probably 15%-20% below market; annual raises are inadequate compared to other firms; comp is very bonus heavy
    - As the firm grows it seems to be splitting into several smaller solution/industry groups based on specific Managing Directors or markets; difficult to leave a specialized group once you are "in"; Losing the "one-firm firm" culture pretty quickly
    -The firm has absolutely zero methodology and inadequate knowledge sharing tools (which they are trying to improve) - you have to reinvent the wheel for every project
    - The "ideal candidate profile" sought by HR somehow breeds micro-managers, especially the latest wave of Director-level new hires
    - Non-existent training - most "training classes" are hours of case summaries with little detail around actual process
    - Very little brand presence outside of turnaround/restructuring - limited exit opportunities when competing for spots with consultants from MBB, ATK, OW, LEK, etc.
    - Travel expectation (at least in Enterprise Improvement) is Monday - Thursday every week, even when not required - horrible for work/life balance
    - No 401k match? Has never really been clear.
    - Up until this year (2017) - 360 review process not available

    Advice to Management

    Increase transparency in the compensation process - 4-5% annual raises are pathetic compared to other firms.


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  5. "Avoid this place if at all possible"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at AlixPartners full-time (More than a year)

    Pros

    Compensation is good. Great CEO. Those are the only good things I have to say. The firm is growing at an unhealthy rate.

    Cons

    Bonuses and promotions are only given if you're friends with your supervisor. It's not about what you know - it's about who you know. Keep it up AlixPartners...at this rate, you're going to have Analyst-level Vice Presidents. Firm is growing at an unhealthy rate...tons of analyst-level employees that don't come at a junior cost to clients.

    Advice to Management

    You don't have to be demeaning to your subordinates to get your point across. We're all human.


  6. "Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President
    Current Employee - Vice President
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great MDs and Consultants
    Impact full Projects
    Lots of responsibility early on

    Cons

    Travel mon to fri
    Long Hours

    Advice to Management

    Pay attention to Work Life Ballance


  7. "Financial Advisory Services Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President, Turnaround Services in Dallas, TX
    Former Employee - Vice President, Turnaround Services in Dallas, TX
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at AlixPartners full-time (More than 3 years)

    Pros

    Compensation is higher than direct companies however it's a very racist and sexist organization.

    Cons

    Not the best career option for a woman of color. Managing Directors are not encouraging, or welcoming of differing opinions.

    Advice to Management

    Take the time to branch out and connect with millennium employees and/or anyone offfering a differing opinion. Change happens when you listen.


  8. "Good ol' boys club"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at AlixPartners full-time (Less than a year)

    Pros

    Compensation is competitive to market rates. People here appear to be generally intelligent and there is a hard working mentality.

    Cons

    Based on former employees about joining the firm as a female minority, I was pessimistic. Some LOBs appear to be better than others. Choose carefully if you are committed.

    Advice to Management

    Cultural change takes time.


  9. Helpful (1)

    "Great work environment, challenging projects, and top notch teams"

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

    Pros

    - Great experienced teams
    - Hit the ground running projects
    - Challenging, but fulfilling projects

    Cons

    None, great work environment overall


  10. "Great Company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in New York, NY
    Current Employee - Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at AlixPartners (More than 3 years)

    Pros

    Great Culture, Lots of Experienced People, Great Industry Relationships. Great Career Trajectory for Hard Workers.

    Cons

    Work Life Balance Is Not The Best.

    Advice to Management

    Continue doing what you are doing...It is working well.


  11. "Consultants"

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

    I have been working at AlixPartners full-time

    Pros

    Smart people, good learning experience

    Cons

    Not good culture for juniors. Career Track is not clearly defined. Promotion and Bonus are based on your relationship with MDs



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