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AlixPartners Vice President Reviews

Updated October 26, 2017
26 reviews

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Vice President

3.7
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Simon Freakley
6 Ratings

Employee Reviews

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Pros
  • multiple opportunities and career path possibilities for growth and having impact, supportive teams of very smart people without egos (in 14 reviews)

  • Client work typically very interesting and high profile; fast-paced and interesting (in 11 reviews)

Cons
  • Work life balance - Always on call (in 27 reviews)

  • Long hours; focus on bottom line only (in 9 reviews)

More Pros and Cons

  1. Helpful (2)

    "Good company"

    StarStarStarStarStar
    • 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. Helpful (6)

    "Great in select areas"

    StarStarStarStarStar
    • 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.

  3. "Vice President"

    StarStarStarStarStar
    • 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


  4. Helpful (1)

    "Financial Advisory Services Vice President"

    StarStarStarStarStar
    • 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.


  5. "Great people, even better work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Enterprise Improvement in Chicago, IL
    Current Employee - Vice President Enterprise Improvement in Chicago, IL
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Autonomy, interesting work, high impact work, speed of delivery, firm growing quickly and highly utilized

    Cons

    Black box bonuses, bad for people just starting out in consulting - no formal training process,


  6. Helpful (1)

    "It's about the management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President Engineering in Palo Alto, CA
    Former Employee - Vice President Engineering in Palo Alto, CA
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Pay is good for your, low experience professionals

    Cons

    The Managing Directors are very political with a great deal in-fighting and value the art of extracting cash from clients far above doing something useful for their clients. What they refer to as a "skilled consultant" is purely an inward looking view.

    Advice to Management

    Replace most of your MD's. They are predominantly life long consultants with very little, meaningful experience in leadership roles outside of consulting. The results of their mentoring young employees is the creation of arrogant and mostly useless life'rs in the consulting world with very little prospect for significant, non-consulting jobs.


  7. "IMS"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in San Francisco, CA
    Former Employee - Vice President in San Francisco, CA
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

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

    Pros

    Senior consultants are willing to help junior staff when needed. Sharp elbows make the work environment rough, but those who manage are flintier, that is, more capable of thriving in demanding environments than their peers elsewhere. Projects can be incredibly interesting and varied.

    Cons

    AP will undervalue, under-level, and under-utilize the talent it acquires, while only paying lip service to career development of junior consultants - AP primarily buys the talent it needs, rather than develop it's workforce.

    Advice to Management

    Be open about the incentives and limitations of management (ie PE owners demands for utilization and revenue growth). Provide more projects and opportunities for junior consultants to grow and then leave after a few years.

  8. Helpful (3)

    "Worst Job Ever"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President
    Former Employee - Vice President
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    They employ some very smart people, above average salary, and great internal tech support. Easy to get hired with a VP title.

    Cons

    The managing directors oversell the competencies of employees and behave like spoiled teenagers when things don't go as they had promised to clients. People work hard, but not in a smart way. The younger employees aren't always the most professional - many would stay out drinking until 4 am then show up very late or hungover at work and still bill for their unproductive work day.

    Advice to Management

    It takes more than smart people to manage well.


  9. Helpful (19)

    "Avoid unless for lack of options"

    StarStarStarStarStar
    • 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
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at AlixPartners (More than 3 years)

    Pros

    Higher pay than what you might get from a competitor as there’s not much else AlixPartners can offer to recruit to tier candidates

    Cons

    Whether you’re an experienced professional looking to make a move, or a fresh grad looking to start a new career, avoid AixPartners save you have no other options. I was recruited out of a top tier big 4 and was sold on a promise of a better working environment, greater autonomy, wider engagement selection, etc. AlixPartners has failed to deliver in almost every regard. At best, it is a third tier consulting firm and offers no real advantages over its higher tiered competitors. Contrary to its marketing material, the firm’s sole goal is to produce a higher volume of billable hours rather than quality client service. Utilization rules the day, and opportunities to move, laterally or vertically, are extremely limited due to the small nature of the firm. Alix however does not offer any advantage that you’d expect from a smaller firm, indeed the level of bureaucracy found here is comparable to a municipal agency. If you have an offer from one of the higher tiered firms, you’d do your career a no small favor by passing on AlixPartners.


  10. Helpful (7)

    "Overpriced and underexperienced"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President - Consultant in Fremont, CA
    Former Employee - Vice President - Consultant in Fremont, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    High salaries for early career individuals with relatively little working knowledge and even higher wages for mid to late career individuals with no experience other than consulting

    Cons

    High salaries for early career individuals with relatively little working knowledge and even higher wages for mid to late career individuals with no experience other than consulting -- There is little evidence that this firm can actually justify their cost.

    Advice to Management

    Hire some MD's that actually know something other than selling and stop relying on 20 and 30-somethings to do most of the work. Finally, stop making unrealistic promises to perspective clients and never coming close to attainment.