Putnam Associates Reviews in Boston, MA | Glassdoor

Putnam Associates Boston Reviews

Updated November 29, 2017
9 reviews

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Boston, MA Area

4.2
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5 Ratings

9 Employee Reviews

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  1. "Great Place to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Summer Associate Consultant in Boston, MA
    Former Intern - Summer Associate Consultant in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Putnam Associates as an intern

    Pros

    - Significant responsibility, treated like first year associates
    - Everyone is extremely friendly, welcoming, and willing to help with anything
    - Interesting casework and direct access to partners/principles
    - Gym membership covered

    Cons

    - Things can occasionally be slow if a project is not busy as interns are single staffed, however they try to combat this by having an intern research project/presentation


  2. Helpful (2)

    "Work in Progress"

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

    I worked at Putnam Associates full-time

    Pros

    Interesting research. Little to no travel. Intense team-based work, two case system gives you broad experience in a short period of time. Great opportunities to manage teams already after two years. Great professional skill prep for grad-school or other research or professional services jobs. Partners are great.

    Cons

    1. Recently, employees have gotten into great graduate research programs, but have had trouble getting into top MBA programs.
    2. Competent managers are the exception not the norm. Many know how to do the basic work, but lack the most basic ability to manage. There are legacy employees that get by on past reputation and off-load responsibilities. This makes work chaotic and leads to less than ideal scenarios as people cover up the gaps.
    2. Training of new employees and managers is seriously lacking.
    3. No transparent review process. End of case reviews have little to do with promotions. Decisions are made by consensus in a manager meeting where the loudest voice prevails. Obviously doing okay work is critical to being the conversation, but if one managers really likes you, you get a promotion, one doesn't like you, wait a year. People that like you don't have strong voices? You worked for the wrong managers, wait a year. Can be demoralizing.
    4. No meaningful client interaction for most employees within the first two years.
    5. Managers with serious character flaws have been promoted because they can bring in clients.

    Advice to Management

    Focus more on fixing problems and less on the PR / vault ratings.

  3. "Recent spike in workload has lead to challenges"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate Consultant in Boston, MA
    Former Employee - Associate Consultant in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Putnam Associates full-time

    Pros

    Great HR and administrative support
    Partners are excellent, very friendly, very approachable
    Company events are enjoyable and well-done, good for bonding
    You'll learn a lot very quickly
    Strong dedication to upward feedback

    Cons

    Not enough employees take advantage of upward feedback
    Work life balance is good for consulting, but not great
    If a manager/partner over-promises, case work can become excessive (lots of tasks that don't end up turning into client deliverables)

    Advice to Management

    Keep up the dedication to upward feedback
    Don't over-promise to clients


  4. "Cream of the Consulting Crop"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Senior Management
    Former Employee - Associate Consultant in Boston, MA
    Former Employee - Associate Consultant in Boston, MA
    Positive Outlook
    Approves of CEO

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

    Pros

    Leadership really cares
    Kind and supportive atmosphere
    Lots of opportunities to get to know coworkers better
    Low-travel model encourages team bonds
    Excellent admin staff that run great support programs and great company events/gifts
    Really intelligent coworkers
    Leadership really tries to keep hours manageable
    Lots of flexibility, as long as you get all of the work done

    Cons

    Consulting is consulting, so hours are 55-60/week minimum
    Overall a young crowd, may not be the best fit for all
    Fair amount of turnover, people do burn out
    Tools to make work more efficient don't always get distributed through the whole office

    Advice to Management

    At times, managers/partners need to push back a bit against upper/client expectations when those expectations are unrealistic. There are times when long nights go into resources that don't end up being used by the client. Being a little slower to say "yes" would help balance good customer service and respect of employee time and effort. To their credit, management maintains a warm and welcome posture towards feedback -- often, those lower in the food chain, so to speak, need to advocate a little more.


  5. "Nice place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate Consultant in Boston, MA
    Former Employee - Associate Consultant in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Putnam Associates (More than a year)

    Pros

    - nice colleagues, supervisors and partners,
    - open communication model which is good,
    - open to new ideas and implementing them.
    - happy hours every Friday where you can meet many partners and colleagues
    - new office in San Francisco means the firm is doing good and expanding
    - they moved to a new office in Boston, which is great

    Cons

    - couldn't thinkof any as of now.

    Advice to Management

    Keep up the good work.


  6. "Couldn't think of a better place to grow and develop after college"

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

    I have been working at Putnam Associates full-time (More than 3 years)

    Pros

    Amazing smart people, plenty of opportunities for development and greater responsibility, top compensation, exposure to variety of healthcare cases and also upper management

    Cons

    long hours, sometimes unreasonable managers

    Advice to Management

    Growth is important but you should control it, high growth puts pressure on middle management, if you grow too quickly, it might just wipe out the middle.


  7. "Great company to work with and you definitely learn a lot from it"

    StarStarStarStarStar
    Current Employee - Associate Consultant in Burlington, MA
    Current Employee - Associate Consultant in Burlington, MA

    I have been working at Putnam Associates full-time (Less than a year)

    Pros

    The company is a fairly small company which is definitely growing with time. They are finally moving downtown so the commute will no longer be an issue.

    Cons

    Younger hires are usually involved with less important tasks. It would be great if managers are able to give more responsibilities to the junior staff.

  8. Helpful (1)

    "Good experience overall"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate Consultant in Burlington, MA
    Former Employee - Associate Consultant in Burlington, MA
    No opinion of CEO

    Pros

    In-depth learning of the pharmaceutical, biotech, medical device and diagnostic sectors with very, very competent managers. Friendly culture with plenty of opportunity for feedback and growth.

    Cons

    Inconvenience of Burlington, MA is a considerable drawback for younger employees. Conservative culture doesn't always mesh well with the changing company demographic.

    Advice to Management

    More opportunities for younger employees to interact with clients would be very beneficial for their development. Projects can also be a bit repetitive at the junior level.


  9. Helpful (1)

    "Putnam Associates - boutique strat consulting firm in Boston an interesting find"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate Consultant in Burlington, MA
    Former Employee - Associate Consultant in Burlington, MA
    Recommends

    Pros

    Putnam Associates is a top strategy consulting firm with a great work/life balance - analysts and associates can expect less than 25% travel - this is great when compared to the sometimes 75% or more travel of lager consulting firms... another positive is the Fortune 500 clients and diverse case work in the pharma, biotech, and medical devices space. The industry is constantly in flux, interesting, and new news is always available to influence decision makers and large corporations. Putnam does a great job of fusing business talent and economic know how with years of experience in health care and science and passes this on to employees.

    Cons

    In the suburbs rather than downtown in the city of Boston

    Advice to Management

    Continue keeping junior members of staff aware of their current strengths and wakenesses, prospects for promotion, and update them on their status in a transparent way, to keep employees' value of their job at the highest level.


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