- Comp & Benefits
- Work/Life Balance
- Senior Management
- Culture & Values
- Career Opportunities
I have been working at InnosightPros
For new consultants, a great place to work for 2 years or so, learn about innovation and consulting, and then move on. On the professional staff side, a great place to work in general.
Better than industry norms:
- Unpaid leave policy (e.g. ability to take time off to pursue your passions)
Consistent with industry norms:
- Profit SharingCons
Innosight as a firm is largely out of touch with its employees in a way that is surprising given who the firm is. We have an effort focused on developing or redefining the employee value proposition (a good thing), but it is being led by the most out of touch Senior Partner at the firm. The result is that there is a filter on communications where they only hear what they chose to hear and ignore anything that challenges their beliefs. Communication becomes very frustrating.
Salaries at Innosight start close to on par with other consulting firms (maybe 15% less of around $120K vs. $135K at other firms), but this gap widens as you move up. A promotion at Innosight is typically an additional $10K per level. Bases for promotion are unclear and random - with decisions often in contrast to our espoused values - and a chaos or randomness to the process despite the 50 or so dimensions of performance we are evaluated on. Tradeoffs used to make sense given better lifestyle, but that has now gone away.
Recently, we've undergone a brain drain with a number of people departing Innosight for Red Star Ventures, and more of us likely on our way in January. Other folks have left too at a pace far exceeding industry norms (as in the denominator is # of consultants, not # of personnel total) Unfortunately, we are not particularly good at recruiting to replace this talent. For example, we frequently promise new talent rapid promotions (6 months) only to conveniently forget at the time and most people will be asked to take a step backwards in their career to join.
Best career advice for outsiders - become a partner somewhere else, then lateral into Innosight since that seems to be the best way to accelerate your career.
The firm is built around the partners in a way that is unlike any other consulting firm. We have a consultant to professional staff ratio somewhere around 2 consultants (from all levels) to 1 professional staff. We also have two planes and two pilots on staff. Collectively, this creates an outsized overhead that cramps upward opportunities.
We are asked to all be leaders, but the firm doesn't really understand what leadership means. At Innosight, leadership means conformity; there is an Innosight Way that is rightly or wrongly not up for debate.
The funny thing about Innosight is that when you are here, you surprisingly won't find a company that feels like it is going to double in four years - but more like a firm that is plodding along - it sucks the energy and creativity out of you.Advice to ManagementAdvice
We are a small professional community and despite your best efforts, we all talk openly.Doesn't RecommendNeutral Outlook
Getting an Interview
Getting an Interview
- Application Details
I applied through college or university. The process took 3 weeks – interviewed at Innosight in October 2014.Interview Details
The first interview was split 50/50 between case and behavioral. The 30 minute case interview asked for you to make a recommendation after analyzing the client problem. The interviewer seemed more interested in the problem-solving process and questions asked than the solution or specific concepts explored. They offered lots of information to help with the case and mostly allowed me to drive the discussion. The behavioral interview was 30 minutes with a different member of the company. They wanted to know about my specific interest in consulting and the company. Lastly they had me do an activity and asked what I thought its significance might be in the context of their practice. Both interviewers were very kind and supportive, continuing to live up to the reputation that the people are great to work with and have a love for learning. This is just the first interview, then you may be invited to a day-long interview at their office. That interview determines whether or not an offer is extended.Interview Questions
Negotiation DetailsThe process is not yet complete, but from the initial interview I have gotten invited to the "super day" which is a day-long interview at their office.Accepted OfferPositive ExperienceEasy Interview
- Tell us something about yourself that we would not know from your resume. Answer Question
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Innosight hopes clients will think its ideas are outtasight. The consulting and training firm helps companies capitalize on disruptive change within their industries by creating a culture of innovation. Its consulting services are aimed at identifying and analyzing market opportunities through market research and advice on product development and deal-making. Innosight also offers tailored workshop series to managers and team members designed to foster innovation within the organization. Founded in 2000, the company has served such clients as Bell Canada, Dow Corning, SAP...