Stern Stewart Reviews | Glassdoor

Stern Stewart Reviews

Updated May 29, 2017
11 reviews

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3.8
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Joel M. Stern
2 Ratings

11 Employee Reviews

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  1. "Many smart and engaged colleagues"

    StarStarStarStarStar
    • Culture & Values
    Former Employee - Financial Analyst in New York, NY
    Former Employee - Financial Analyst in New York, NY

    I worked at Stern Stewart (More than 3 years)

    Pros

    SSCO has lots of very intelligent, knowledgeable and passionate employees. It is a great place to work for people who are intellectually curious and who care about their work. Not your typical investment banker types.
    I worked as an analyst at SSCO in NYC in the early 2000s (not 2013; the web site won't let me go further back than that for some reason).

    Cons

    I think sometimes the advice given to clients was based on a too narrow interpretation of the EVA way. This can lead to somewhat dissatisfying experiences.

    Advice to Management

    Be more open-minded, not just so focused on a narrow interpretation of the EVA way. I think this will serve clients well, and the smart SSCO employees will flourish more too.


  2. "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
    Negative Outlook
    No opinion of CEO

    I worked at Stern Stewart full-time

    Pros

    The company has a great incentive plan idea and structure. Four step process of implementation that takes buy-in from corporate management.

    You gain strong modeling skills since you start new engagements with a blank spreadsheet.

    Cons

    Innovation here is minimal. The entire firm stands on the principle of EVA and its only selling point is they are they were the pioneers in this area. Clearly this doesn't translate in the marketplace since they have such a difficult time obtaining clients.

    As a staff, you will spend a lot of time sitting around waiting for work, but feeling pressured to stay late and do "research" or "business development". The proprietary models must have been developed in 1992 and never updated since. The firm does not pay for a financial database so you will spend a lot of time tracking down 10ks and pulling data and modeling manually. You end up doing a lot of basic work that is automated at a lot of other firms.

    As a staff you also get to do cool things like scan the WSJ, answer the main phone line for marketers, open the front door every time the doorbell rings, and check and scan the mail for the CFO since there is no present admin on site.

    The CEO makes all the decisions himself without any checks/balances so you're subject to whatever he thinks will be successful (EVA, his brainchild, clearly).

    Be aware Stern Stewart GERMANY is a completely different and successful firm. This review is for Stern Stewart USA.

    Advice to Management

    Innovate. Hire people in the management consulting industry that have been successful and do a complete overhaul of the company. EVA cannot be the only selling point, companies don't want to pay $1 mil for a special EVA incentive plan when they can peg to stock price or benchmark to peers for little to no cost.

  3. "Top Notch Consulting Firm"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Munich, Bayern (Germany)
    Current Employee - Associate in Munich, Bayern (Germany)
    Recommends
    Positive Outlook

    I have been working at Stern Stewart (More than a year)

    Pros

    -Large fraction of strategy projects
    -High exposure to C-level clients (even for juniors)
    -Best in class salary across all levels
    -Great team of bright people

    Cons

    -Work life balance (however, typical for consulting)
    -No office transfers possible

    Advice to Management

    n/a


  4. "Strategy consulting boutique with strong perks"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Associate in Munich, Bayern (Germany)
    Former Employee - Senior Associate in Munich, Bayern (Germany)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Stern Stewart full-time (More than 3 years)

    Pros

    - Interesting strategic projects for the CEOs & CFOs of large German and European companies (Restructuring, growth strategies, M&A, ...)
    - Great and smart colleagues
    - Wonderful events where families of employees are invited
    - Compensation

    Cons

    - Work/Life Balance
    - Not a strong brand (only CEOs and CFOs know about this company)


  5. "Not a place to grow, not so nice culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook

    I worked at Stern Stewart full-time (More than a year)

    Pros

    - high salary
    - summer and winter parties in splendid hotels in the Alps
    - you fly business class

    Cons

    -almost no responsibility granted to "juniors"
    -a lot of tranings but ranked so low in priority that project work will hinder you in participating in the Training in 90% of the time
    - main contact to clients done by partners & managers, juniors considered pure backoffice
    - no interest in proper corporate culture, attitudes like antiquated old boys club
    - some projects with allnighters & weekends spent working only due to bad coordination by project lead


  6. Helpful (1)

    "internship"

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

    Pros

    I learned a lot in short time. Had exposure to real customers and projects from early stages of the internship.

    Cons

    Limited appreaciation of interns. Collegues had very little time to coach and involve me initially. On some projects the consultants had very low knowledge of the subjects.


  7. "Finance Boutique - This review is for the American firm"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Disapproves of CEO

    I worked at Stern Stewart full-time

    Pros

    You learn a lot, exposure to C level very early in your career. Your finance and accounting skills will be sharpened for sure.

    Cons

    All the cons of a small firm. Now it has been split into two firms - Stern Stewart (German / European firm) and Stern Value Management, the new brand of the American firm.

    Advice to Management

    This is advice to the American firm - management is too far away from the market. Try to have a broader view and give a better treatment to the employees.

  8. "Overall a good experience"

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

    Pros

    Very niche and very interesting. High level exposure early on in my career. Learnt to deal with a multitude of situations.

    Cons

    Lack of cooperation between the various offices. Procedures and policies not the same for all offices. Lack of knowledge sharing.

    Advice to Management

    Think outside the box and look at how things are done in industry. Sometimes it's not that others know better just that they have had more experience.


  9. Helpful (2)

    "Stay Away - NOT THE PLACE TO WORK if it's the only offer you have"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Mumbai (India)
    Current Employee - Analyst in Mumbai (India)
    Doesn't Recommend

    Pros

    Very difficult to find any good thing to work for Stern Stewart. There is just no work. The practice has nothing to offer whether you are starting your career or experienced professional.

    Cons

    Practice is dead.
    No clients. No work. Shabby management. Low salaries. Management is unethical to the core. Hire MBAs from top schools but have nothing to offer.
    Last month salary is not paid when you leave the company.

    Advice to Management

    Get a new guy to manage your India practice if you want to have any India practice. Pay people their salaries and final settlements


  10. "Du suchst eine Top-Management Strategieberatung? Dann kann ich dir Stern Stewart nur empfehlen"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Munich, Bayern (Germany)
    Current Employee - Associate in Munich, Bayern (Germany)
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Stern Stewart full-time (More than a year)

    Pros

    Abwechslungsreiche Industrien,
    (sehr) häufiger Kundenkontakt, v.a. Top-Management,
    deutsche Kunden mit internationalen Standorten und Aufträgen,
    viel Verantwortung, aber auch viel Gestaltungsfreiheit,
    vielschichtiges Feedback und zusätzliches Trainings, die eigene Entwicklung vielfältig vorantreiben,

    das Wichtigste: hilfsbereite und faire Kollegen. Der persönliche Zusammenhalt und die tolle Atmosphäre werden vor allem freitags im Office deutlich.

    Cons

    Wie in jeder Strategieberatung gibt es - je nach Projektphase und Kundenwünschen - lange Arbeitszeiten. Auf fast allen Projekten wird jedoch darauf geachtet, keine übermäßige Beanspruchung (v.a. der jungen Kollegen/innen) zu haben.


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