L.E.K. Consulting Reviews | Glassdoor

L.E.K. Consulting Reviews

Updated 19 Nov 2019

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3.6
62%
Recommend to a Friend
56%
Approve of CEO
L.E.K. Consulting CEO Stuart Jackson
Stuart Jackson
172 Ratings
  1. Helpful (13)

    "Stay away"

    StarStarStarStarStar
    Current Employee - Associate 

    I have been working at L.E.K. Consulting full-time

    Pros

    Other associates are generally pretty good

    Cons

    Inhumanely long hours and understaffed teams Lots of remote staffing / working with people in other offices Mean people Low retention. If you're recruiting as an experienced hire, it's because other people have been leaving early because they don't like it here. A lot of consultants who join LEK from other firms regret taking this job

    Advice to Management

    I don't think management will listen - they just want to make more money selling understaffed 2 week dd's

    L.E.K. Consulting2019-07-08
  2. "worked to the bone, but learned a lot"

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

    I worked at L.E.K. Consulting full-time

    Pros

    learn a lot work with good people

    Cons

    its a grind! tons of work

    Advice to Management

    give people the cases they want

    L.E.K. Consulting2019-06-05
  3. Helpful (5)

    "Awful leadership"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at L.E.K. Consulting

    Pros

    Hard work and you will learn a lot

    Cons

    Truly bad leaders who got promoted from associate No work life balance Not strategy consulting

    Advice to Management

    Clean house and bring in some new blood

    L.E.K. Consulting2019-06-08
  4. Helpful (8)

    "L.E.K. will get you from point A to point B, but don't expect to be happy during the process"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Associate 
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at L.E.K. Consulting full-time for more than a year

    Pros

    L.E.K.'s cheapness can work in your favor. You won't be overnighting your slides to design teams or sending client data to an offsite analytics team; all of the work (good and bad) will be done by the team that you're staffed on. Exit options at the associate level are pretty good No travel

    Cons

    No time off between cases Though you don't travel, being staffed across offices is extremely common and managers and partners travel frequently, so face to face interaction with the senior members of your team is often very rare. I've spent about half of my time at L.E.K. on teams where the majority of my team (including who I was reporting to) was in a different office Most people above the associate level just... simply aren't friendly and/or are extremely judgmental. Expect to be walking on eggshells frequently Recruiting lies about what the associate level job is. You will be doing 80% due diligence projects for PE firms and most "modeling" experience won't come until you're 18-24 months in to L.E.K., by which time most people are looking to leave. You'll really be googling, setting up phone calls with industry "experts" (think messaging people on LinkedIn to set up phone calls until you have ~30 phone calls set up in 3 weeks), and taking verbatim notes on every call. So not only are you setting up 30 phone calls, you're also taking 30 hours worth of notes as fast as you can type while someone more senior leads the phone call Most core services teams are wildly incompetent, from IT to HR 0 diversity. Women's network is gaining traction, but groups for POCs and LGBT employees are basically nonexistent / set up within the last year or two solely as a recruiting device

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    Advice to Management

    Revamp the A1 role - not only do many A1s not like the grunt work, but it's extremely inefficient to pay people $77k to schedule phone calls and send LinkedIn messages Revamp the C1 role - many new MBA hires aren't well equipped for how demanding the role is. 6 months in, several MBA hires are usually fired each year Add more CD/recruiting/time off between cases Scope projects reasonably and rely more heavily on... Guidepoint/expert networks to fill primary research campaigns rather than having an A1 send LinkedIn messages until midnight every night

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    L.E.K. Consulting2019-05-04
  5. Helpful (4)

    "Management - listen to your staff"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Associate in Boston, MA
    Recommends
    Positive Outlook
    Disapproves of CEO

    I have been working at L.E.K. Consulting full-time for more than a year

    Pros

    Great people - especially at the associate level Low-travel model is great, even though it often results in longer hours compared to other consulting firms

    Cons

    Slower to change and adapt than other firms - archaic staffing methods, fewer employee benefits, etc. Pay is beginning to slip compared to it's competitors and management doesn't seem to mind Longer hours in general - sometimes a result of poor case management, other times cases are poorly scoped Management's apathy to staff complaints has taken a serious toll on morale Overall, L.E.K. is growing very quickly,... but with a lot of growing pains. Address the issues quickly in order to capitalize on the growth.

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    Advice to Management

    Management - PLEASE listen to your staff and take a note from these reviews - they aren't just disgruntled former employees. They're people who are invested in the success of the firm and often bring you very valid complaints and issues. We're feeling ignored and undervalued - you're going to continue to lose great people until you make us feel like you care about us as much as your bottom line.

    L.E.K. Consulting2019-04-21
  6. Helpful (5)

    "Significant changes needed to break downward trend"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Associate 
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at L.E.K. Consulting full-time for more than a year

    Pros

    -intelligent pre-mba associates / office culture varies across offices -opportunity exists to be on strategy projects with notable clients, albeit extremely rare -exposure to clients, including investment professionals at leading PE firms

    Cons

    -retention has become a serious issue in the past few years, strong performers are almost always overworked and are expected to work miracles on poorly scoped cases -the firms follows a mantra of cheaper and faster relative to competing firms, which has significant impact on junior staff (associates and consultants), who more often than not are not properly trained to handle the workload or timeline -the... staffing model is simply unsustainable and lacks grounding in reality: there is little to no buffer period between cases, scenarios where staff is staffed back-to-back on tough due diligence for more than 6 month stretches in increasingly common -brain drain of staff with key technical skills (financial, data analysis, etc.) at the firm with no suitable pipeline of replacements. It often becomes a sink-or-swim situation where capable staff will be forced to either self-learn to get by or the alternative simply to get canned with a terrible review that is completely out of their control

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    Advice to Management

    LEK's current business model may be great at driving near term (think 1 to 2 year growth), which at this point is largely driven by the sheer number of due diligence in PE that no other consulting firms want to pick up; the firm is woefully inadequate in planning for long term success -concentrate on retention: your staff is your most valuable asset; hiring larger quantities of increasingly incompetent... replacements will do little to improve the quality of client deliverables -invest to developing capabilities for the 21st century: build out staff with data scientist, statistics qualifications (or stop selling cases that staff have no qualification to do) -please have consulting staff / or bare minimum have former consulting staff be part of the allocations process to give staff breathing room on cases or voice pushback against MDs' poor scope

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    L.E.K. Consulting2019-04-02
  7. "Good training"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Boston, MA

    I worked at L.E.K. Consulting full-time for more than a year

    Pros

    Great training to kick start a career

    Cons

    Hierarchy, long hours, ... ...

    L.E.K. Consulting2019-03-14
  8. Helpful (3)

    "Worst consulting firm with terrible culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Consultant 
    Doesn't Recommend

    I worked at L.E.K. Consulting full-time for more than a year

    Pros

    Management responsibilities right out of business school. Ton of exposure to due diligence work (because that's basically all you will do)

    Cons

    People manage right away without proper management training which means while people that stay / get promoted might be smart they are not good managers. Work is brutal, they tell you it's a strategy consulting firm but it's actually a due diligence sweat shop. You don't travel but you also never get to go home. Terrible culture that is controlled by HR.

    Advice to Management

    Stop being focused on just profit and actually start caring about people. Attrition levels are extremely high which shows that people don't want to stay, but that management also doesn't care about people staying.

    L.E.K. Consulting2019-04-12
  9. Helpful (4)

    "Dont take this coop,"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Case Team Assistant in Boston, MA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at L.E.K. Consulting part-time for less than a year

    Pros

    Cool people, good offices, good money

    Cons

    repetitive they wont hire you little respect cases don't do much terrible work life balance

    L.E.K. Consulting2019-02-11
  10. Helpful (3)

    "Stellar place to gain skills and a diversity of experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Associate in Los Angeles, CA
    Recommends
    Positive Outlook

    I have been working at L.E.K. Consulting full-time for less than a year

    Pros

    The opportunity to either be a generalist or specialize. I came to L.E.K. because of their phenomenal Life Sciences practice and I was not disappointed. The partners are extremely knowledgeable & the managers have played an active role in my career development. The cases are interesting and have impact. Within my first 6 months, I was owning my own workstream. Working locally has allowed me to develop... relationships with people outside of my current case. Hours will fluctuate depending on the case, but are generally less intense in the more strategy-focused Life Sciences practice.

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    Cons

    You don't get much client interaction early on as work is done primarily in the office

    Advice to Management

    Provide Associates with the opportunity to present in client meetings

    L.E.K. Consulting2019-02-05
Found 441 reviews