Essex Lake - New company has some real potential to be a good consulting/profit enhancement firm. | Glassdoor
There are newer employer reviews for Essex Lake
There are newer employer reviews for Essex Lake

See Most Recent

"New company has some real potential to be a good consulting/profit enhancement firm."

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee in New York, NY
Current Employee - Anonymous Employee in New York, NY
Doesn't Recommend

Pros

Some interesting project work
Top tier clients, particularly in financial services
Lots of responsibility for junior members, since very few managers in company
Interesting combination of business leaders, consultants, and analytical staff members

Cons

Comp is not so great
Unclear bonuses and allocation
Unclear if team will ever share in Profit Enhancement payoffs that company receives
Needs some middle management to help guide the junior team members
Long hours sometimes

Advice to Management

Need to beef up training, coaching programs. Will we ever share in revenue gains?

Other Employee Reviews for Essex Lake

  1. "Profit Enhancement Resident II"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Profit Enhancement Resident in Shanghai, Shanghai (China)
    Current Employee - Profit Enhancement Resident in Shanghai, Shanghai (China)
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Essex Lake full-time (More than a year)

    Pros

    - Highly competent seniors and harmonious office atmosphere
    - Opportunities to work on site for different banks around the world
    - Sufficient training to new hires, especially for campus enrollment. Good choice as the first job
    - Highly flexible in terms of working time
    - Data oriented supported by management consulting methodology

    Cons

    - Full of opportunities for experienced people who prefer international experience, but for juniors it depends on whether there are enough billable engagements
    - Large banks tend to have large internal analytics team nowadays and hence most opportunities now tend to be away from core business and more digital technology oriented, i.e., previously the stakeholder might be the head of retail bank and now they could be the head of IT department


  2. Helpful (6)

    "Don't even think about it. Seriously."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Essex Lake full-time (More than a year)

    Pros

    - If you don't want to work or grow as a professional, you could get around by doing very little but still not getting fired from most teams
    - Competitive pay that used to have other perks attached but with the serious dirth of billable projects now along with the CEO's utter disregard for employee satisfaction, you won't be getting much else now
    - if you really want to get a foreign trip out of it you'd probably be able to (but be careful what you wish for)
    - I got nothing more

    Cons

    I could write a book but let's stick to the basics:
    1. Serious serious lack of projects and very little opportunity to diversify or learn
    2. Don't fall for the big talk. They only do operational stuff for financial firms. Like data cleaning and management. Even long time clients are yet to trust them with actual analytics and consulting stuff
    3. They say they're data driven in their approach. It's hard not to be when all you do is clean data. There is no real or major analysis happening here.
    4. In terms of work culture...well...there isn't any. Seriously, it doesn't exist. It's probably one of the most earth shatteringly depressing places you'd work in. You'd work with people for months and yet barely have them acknowledge your existence. And if you're a woman, get ready to having the empty chair next to you adressed more often than yourself.
    5. You'll never receive any feedback of any kind. Which means you can slog for months and receive no real appreciation for it. On the up side you could totally slack off and trust the awkwardness of the managers not to bring it up directly and after all of their awkward tricks fail they'll just dump your work on someone else and wait a whole year before perhaps writing a bad appraisal for you. If you have any regard for yourself, by that time you'd have left.
    6. No incentive structures in place. Forget about annual bonuses. They don't have any. In fact the last year has seen a slow dismantling of all the perks that earlier made working here somewhat attractive at least on the outside. No per diem allowance either when you go abroad.
    - I can't stress this enough but if you enjoy using your brains even a little bit, this job will make you want to scream into a pillow on a daily basis and question every life decision that led you to this job.

    Advice to Management

    - Start doing that thing called "Managing". Throw less fancy terms around and get some real knowledge.
    - A little regard for your employees may improve your turnover rate of 5 employees leaving every month in a firm of 200 odd people
    - To the very few decent people still trying to hold up the fort, what are you still doing here ?

There are newer employer reviews for Essex Lake
There are newer employer reviews for Essex Lake

See Most Recent

Work at Essex Lake? Share Your Experiences

Essex Lake
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or