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Putnam Associates Reviews

Updated November 29, 2017
17 reviews

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4.3
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Remco op den Kelder
6 Ratings

17 Employee Reviews

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  1. Helpful (5)

    "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.


  2. "Great springboard for a career in healthcare."

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

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

    Pros

    Very smart and personable colleagues, interesting work, great professional development. 2-3 years at Putnam is worth twice as many at other jobs.

    Cons

    The experience can vary significantly depending on projects and managers. Long hours.

  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. "Awesome first job"

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

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

    Pros

    - challenging and fast paced, in a supportive environment
    - compensation and bonus packages
    - transparency all the way up to partner level
    - interesting cases primarily in strategic analysis
    - great work culture
    - all the perks of both a small and large company
    - clear trajectory path, MBA sponsorship program

    Cons

    - hours (in this the industry as a whole) can be long

    Advice to Management

    Keep it up, amazing first job


  6. "great first job"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in San Francisco, CA
    Former Employee - Anonymous Employee in San Francisco, CA

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

    Pros

    Office space is amazing; location is convenient.

    Cons

    Some projects can be uninspiring, with partners thinking they're more strategic than they are.


  7. "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.

  8. "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.


  9. "Smart people collaborating in a constructive, productive environment."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Consultant
    Current Employee - Associate Consultant
    Recommends
    Positive Outlook

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

    Pros

    Team members create an environment for new employees that fosters extremely fast learning. Structured check-ins and feedback throughout the duration of a case. Great company culture.

    Cons

    Long hours, though upper management tracks and shares firm time sheet data in a transparent way.


  10. "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.


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