IMS Consulting Group Reviews | Glassdoor

IMS Consulting Group Reviews

Updated November 8, 2018
82 reviews

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3.2
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IMS Consulting Group Chairman and CEO Ari Bousbib
Ari Bousbib
13 Ratings

82 Employee Reviews

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Pros
  • "Varied projects and steep learning curve" (in 5 reviews)

  • "Great place to start a career in life science with a lot of exit options" (in 5 reviews)

Cons
  • "Long hours especially for junior members of the team" (in 8 reviews)

  • "No where close in maturity to the likes of comparable consulting firms in office culture/ quality of work" (in 4 reviews)

More Pros and Cons

  1. Helpful (1)

    "Great people and great place to develop as a consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in New York, NY
    Current Employee - Consultant in New York, NY
    Recommends
    Positive Outlook

    I have been working at IMS Consulting Group (Less than a year)

    Pros

    - flat organization: seniors are easy to talk with and are pretty involved in projects, so you can learn a lot from them and can get their advice easily
    - responsibility: you can gain a lot of responsibility early on, something you can't get as easily at other firms, Associate Consultants through Senior Consultants (depending on size and complexity of the project) lead project management, day-to-day client communication, and storyboarding
    - projects: projects are very diverse and clients are top 10 pharmaceutical companies, biotechs, etc; questions being answered in projects are interesting and relevant (pricing, strategy, due diligence, forecasting, market access); projects are often global in scope which you often can't find at other niche life sciences consulting firms
    - people: the people here are very smart, nice, and help each other out; it is a supportive group who actually enjoy spending time together
    - development: there is a lot of support for you development, making sure you can work on different projects and with different people to learn different topics, therapy areas, and working styles; lots of training opportunities; more responsibility when you are ready for it so you can develop as a leader and manager as well
    - while you can work a lot depending on project and time of year, very flexible culture so you can work from home as needed or come in later if you are here late getting something out to a client

    Cons

    - multiple project staffing model can be a benefit as you can work on more projects and gain broader experiences, but it can be tough to manage when your two projects are very demanding, both require on-site presence, or deliverable timelines line up
    - compensation can be pretty varied within the same role, but this is something that management says they are working on now that the merger has happened
    - personally feel that pros outweigh the cons and that there are cons at all organizations, but I've stayed here because of the people, interesting work, and ability to take on responsibility early

    Advice to Management

    Continue hiring new people to help balance work load, reevaluate compensation within the same role


  2. "Senior Principal"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at IMS Consulting Group full-time

    Pros

    IMS Consulting Group (now IQVIA) is one of the leading providers of high-quality analytics around life science/healthcare markets. IMS has one of the richest data sources for prescription, market, and transactional data. It's combined service offerings are hard to match by its competitors. Working with IMS you will learn a great deal and have immense resources at your disposal. Consulting staff personnel are exceptionally smart and talented.

    Cons

    The consulting business is cutthroat and revenue sharing/allocation between project managers can sometimes be an issue of contention. Staff worked long hours and have competing demands between various project managers. Sometimes staff had been asked to bury hours by certain project managers in order not to overrun the budget. Staff turnover is high, probably due to the immense workload faced by the young consulting staffers.

    Advice to Management

    Implementing procedures and policies including compensation to young professional staff that will increase staff retention is a key success factor.

  3. "Good company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Good accounts to work on

    Cons

    No training. Limited interaction with management

    Advice to Management

    Share more


  4. Helpful (11)

    "Highly political, poor compensation, and high attrition rate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Consultant in San Francisco, CA
    Former Employee - Consultant in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    - Reasonable work life balance (by consulting standard): some options to work from home or remotely, but this highly depends on who is managing the project; some project managers are downright mean and demonstrate no flexibility whatsoever

    - Some interesting projects: Most projects are good old P&MA and S&PA, now and then you get one of these commercial planning and strategy projects (but the project tends to be a mess because the principal/senior principals are not adapted at handling them; these projects tend to be cheaply sold at the expense of team members' work-life balance and career progression)

    - A few (very few) great mentors: a few principals/senior principals (these are the coaches) who truly care about their employees and take the time to support junior members, but they are a dying breed; the other ones simple treat you as a work horse and couldn't even bother spending 30 minutes every several months to make sure you're on tract with your career progression

    Cons

    The consulting group is a classic example of how treating your employees poorly leads to a vicious cycle of high attrition rate, strained staffing, and further burn out on everyone.

    - Below average compensation: pay is below standard (>10% below market standard) and annual raise (<2%) and bonus (~10% because the company has a hard time hitting its target - not surprising given so many problems within the firm) are a complete joke; IMS is known to be a cheapskate in pay but there's a glimpse of hope now that it's merged with Quintiles

    - Highly political: if you belong to the "favorite" group you're looking at fast track promotion and lots of traveling/client facing opportunities, otherwise expect office only work and long promotion time despite meeting or exceeding performance targets; those "favorite"s in the office can walk right over other team members in the office without any consequences, talk about a "collaborative" culture ...

    - Dismissive senior team: you raise an issue, you're told to suck it up; you voice your concern about a lack of personal and professional development, you're given stock answer without any real action taken to address the deficiency - collectively these create a feeling that the firm has no real interest in helping you grow (which is unfortunate because the associate/asso consultant are the very foundation of all projects and proposals)

    - Young (immature) team members: because of the poor compensation and political environment, >70% of associate/assoc consultant/consultant leave in less than 2 years, compounded by the fact that the firm has no interest in hiring/paying experienced consultants, many projects are ran by 24, 25 years old who lack life experience, leadership, and maturity. The result? Disgruntled supporting team members and high attrition rate

    Past century infrastructure support: laptops are usually 2nd (or 3rd) hand and break often, requesting any kind of equipment (that would facilitate your productivity) takes a tremendously complex approval process (and a long wait time), everything points to the firm's indifference in supporting its employees (which ultimately loops back to its own quality of work and revenue target)

    Advice to Management

    When setting lofty goals such as doubling the consulting service group and becoming a premier group in the industry, start with addressing the current issues; your current staff should be your priority and if you cannot solidify this foundation, this group will not be sustainable in the long run


  5. "Sr. Project Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in Churchville, PA
    Current Employee - Consultant in Churchville, PA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at IMS Consulting Group (Less than a year)

    Pros

    talented co-workers, current technology stack in use,

    Cons

    seating arrangement need to be scheduled daily, this it very annoying


  6. "Sr Solution Specialist - Opus Health an IMS Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Solutions Specialist in Warren, NJ
    Former Employee - Solutions Specialist in Warren, NJ
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Great benefits, new office and well known within the healthcare industry. I worked out of Warren, NJ office which was brand new.

    Cons

    Company culture is terrible no one is a team player and everyone out for themselves. Top management out of touch with reality and no organization of jobs in queue. I can't see this business sustaining the competitive marketplace.

    Advice to Management

    Management needs to be more in tune with internal process and organization needs. Management also needs to change the negative culture and try to get employees to work together and to see the big picture beyond to just barely do their job and leave.


  7. Helpful (2)

    "Sr Consultant"

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

    I worked at IMS Consulting Group full-time

    Pros

    Opportunity to learn a lot on healthcare/pharma. Interesting projects. Extensive information internally available that makes your work as a consultant easier.

    Cons

    No work/life balance, seniors that do not require sleep and expect the same of you. Salary/bonus not worth it for New York standards. Everyone is extremely busy all day long, at the expense of any social interactions.

  8. Helpful (1)

    "I don't know what these haters are talking about, IMSCG is the greatest"

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

    Pros

    -Brilliant people and seniors incredibly invested in educating junior staff
    -Awesome groundbreaking project on trending healthcare topics
    -Big impact (both for our clients and for patients)
    -Best office culture (happy hours, karaoke, kBBQ, trivia night etc.)

    Cons

    There is always turnover in consulting, it is the nature of consulting. I don't think that ours is worse than any other consulting group.


  9. "AMAZING!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at IMS Consulting Group full-time

    Pros

    Great, smart, friendly people
    Good environment
    Great introduction to healthcare consulting
    amazing senior leadership

    Cons

    Work-life balance is nonexistent
    I can't think of anything else!


  10. Helpful (1)

    "ims"

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

    Pros

    lots of responsibility and learning

    Cons

    no respect for junior staff in terms of compensation, does not focus on retention of valuable talent


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