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First Manhattan Consulting Group Reviews

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3.3
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James Mc Cormick
5 Ratings

17 Employee Reviews

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  1. Helpful (2)

    "Current 1st Year Analyst - very happy w/ joining FMCG"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - First Year Analyst in New York, NY
    Current Employee - First Year Analyst in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at First Manhattan Consulting Group full-time (Less than a year)

    Pros

    From an early time, first year analysts are given tremendous responsibility in the work they produce for clients. The small size of the three groups that comprise the firm allows new hires to own their work and client relationships from the start, an opportunity that might not come for some time at larger firms.

    The compensation is competitive. Starting salary rivals that at large management consulting firms; signing and performance bonuses supplement salary to make overall compensation quite attractive. You will work for it, and you'll work very hard, but it is nice to know that the pay reflects the amount of work that you'll do.

    Everyone, from the other analysts to the VPs to the senior level management, has been supportive. There has been a distinct pivot away from the traditional "wall street" culture that some other reviewers have criticized; a relaxation of the dress code, the implementation of an Innovation Lab (foosball, darts, beer), and social events are a few of the ways that upper level management have responded. Features such as these break up the long hours and allow colleagues to spend time together outside of work, which in my opinion is a requisite if you're going to be working the long hours of a job like this.

    Cons

    Hours can be quite long, depending on the capacity of the team at a given time. For example, the loss of one or two employees at a firm the size of FMCG can markedly increase the workload of the remaining analysts. As FMCG continues to grow and hire more people, the impact of this will decrease, but for now the workload is generally high to accommodate the growth.

    It is not yet clear to me how transferable the hard skills developed at the firm are to other industries or firms. FMCG's bread and butter is Commercial and Retail banking, and specifically, the data-driven analytics FMCG employs to achieve its marketing goals for clients. It remains to be seen for me what kind of opportunities would be available to me if I were to consider leaving the firm. While I have no such plans right now, I think it's important for someone coming out of school, or having only worked 1-3 years since graduating, to consider what they will learn or otherwise add to their resume/skill-set, when deciding on a job.

    Advice to Management

    Continue to hire in order to decrease the workload shouldered by individuals. Continue to demonstrate your commitment to culture and firm morale. Continue to develop young employees and make clear the opportunities for growth within the firm, so as to reduce turnover of analysts.


  2. Helpful (3)

    "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at First Manhattan Consulting Group (Less than a year)

    Pros

    Very bright people - able to contribute at a high level immediately. Did not have to travel - all clients in NYC.

    Cons

    Worked 6 or 7 days a week every week - often 14 hour days. It was expected and frowned upon to ever say you weren't available. Compensation was good but not for the number of hours that were required. Experience completely depended on the partner that you were assigned to, and the majority were extremely hard on the analysts. It was more like an episode of survival than a beginning of a career. This job is seen as a stepping stone to a career in finance. You are only meant to do it for a couple of years before you go back for your MBA. As this is not a long term position, FMCG does not care if they burn you out. I left at just under the year point, switched to another company that treated employees like human beings, and then returned to school for my MBA.

    Advice to Management

    Attitude needs to change from top down. If you want to keep your employees (even just for a few years) you need to value them and treat them as you would want to be treated.

  3. "Executive Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at First Manhattan Consulting Group (More than 10 years)

    Pros

    compensation, flexibility, benefits, technology, plenty of staff available to to help

    Cons

    Devils Wears Prada type environment


  4. "Incredibly smart people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at First Manhattan Consulting Group full-time

    Pros

    Work with and get exposure to some of the smartest people in the consulting industry, while getting paid a truly competitive wage. Work life balance is considerably better than other consulting firms. Brand name is regarded highly for those familiar with First Manhattan.

    Cons

    Brand name does not carry much weight outside the world of Commercial and Retail Banking.

    Flat organizational structure and small teams allow for greater experience and executive exposure at the junior level, however, project variety and continued opportunities for growth are limited.

    Firm growth has slowed in recent years, and future direction is uncertain.

    Advice to Management

    The primary focus should be on growing the firm at the senior level and rebuilding the culture. People are what make FMCG great, and this aspect has caused the firm to suffer in recent years.

    Revamp firm technology and processes. Many are years behind and there is considerable opportunity for improvement.

    Improve firm alumni relations.


  5. "Boutique consulting firm with a history of excellence"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at First Manhattan Consulting Group full-time (More than 5 years)

    Pros

    Small project teams lead to more opportunities for individuals to take on responsibility, shape the project plan, and work with senior client management.

    Firm culture encourages foundational development of data analysis, presentation, and project management skills.

    Cons

    Work-life balance can be heavily dependent on client needs and partner management style.

    Project work can be siloed around individual partner expertise.

    Advice to Management

    Continue to hire and develop young talent


  6. "Great firm"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Rye Brook, NY
    Former Employee - Anonymous Employee in Rye Brook, NY
    Recommends
    Neutral Outlook

    I worked at First Manhattan Consulting Group full-time (More than 8 years)

    Pros

    Incredibly influential given size. FMCG veterans populate the senior ranks of prominent banks and consulting organizations.

    Cons

    As with all firms, competition gets more competitive every year.


  7. "You will learn a lot, but you will work for it"

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

    I worked at First Manhattan Consulting Group full-time (More than 3 years)

    Pros

    You will play a significant role on high level projects immediately. Many of the projects were directly for CEOs, CROs, CFOs, Business leaders, etc. If you can stick around, you will learn a lot.

    Cons

    The amount of work that you do will frustrate you. You will be paid higher bonuses than other consulting firms, but you will work significantly longer hours (not as many as the hours in investment banking, but a lot). The culture is also demanding and makes you feel guilty for saying "no."

    Advice to Management

    Management should take a step back and let lead partners run projects the way they want to. If not, then be more involved early.

  8. Helpful (2)

    "If you can survive, you will learn a lot"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Analyst in New York, NY
    Former Employee - Senior Analyst in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    There are growth opportunities that are unheard of at FMCG. You are thrown into the fire from day 1 and it is on you to push forward your career and learning opportunities. Since the firm is so small, there are many opportunities for "reach" opportunities and you are more often going to be in meetings with senior leadership than not.

    Cons

    You will not sleep, you will not work out, you will only eat Seamless Web dinner for the entire duration of your tenure. You are compensated to work 20 hour days 6 days a week and they take advantage of that fact.

    Advice to Management

    I believe that hiring a few more people would lighten the work load and allow for a better work life balance. However, the number one change must be the management style of the managing VPs from a system based on turnover to a system which values experience, tenure, and maturity.


  9. "Great People, Not-so-great Projects"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    -Good compensation
    -Fast development opportunity
    -Comprehensive feedback given at the end of projects with the reviews
    -Nice and fun people to work with, no back stabbers
    -Fun work events on Fridays, happy hours and trips

    Cons

    -You do not get to understand the details of the project you are working on. You only get the chance to work on an itsy bitsy detail, rather than understanding and bonding with the project
    -Long work hours
    -Not many travel opportunities, also nearly zero client interaction
    -Management busy with their own issues rather than spending time with junior staff members on their personal problems

    Advice to Management

    Should give lower levels more chance to learn the real deals of a project


  10. Helpful (1)

    "Great Learning Opportunity"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at First Manhattan Consulting Group full-time (More than a year)

    Pros

    - Senior staff is incredibly knowledgeable about the industry
    - Emphasis on thorough data analysis and an analytical approach to client engagements
    - Many early opportunities for project management and direct interaction with senior client leadership
    - Collaborative work culture (especially within the Marketing Services team)

    Cons

    - Very long hours and demanding environment but comp structure and bonuses are typically higher than other consulting firms


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