Putnam Associates

  www.putassoc.com
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Putnam Associates Reviews

Updated 29 April 2014
Updated 29 April 2014
8 Reviews

4.2
8 Reviews
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Employee Reviews

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  1.  

    Great foray into healthcare, terrific opportunities to learn and advance, fun working environment

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

    Pros

    For anyone looking to understand the healthcare space, Putnam is a terrific starting point. The firm continues to put out top-notch work, and prides itself on hiring not only smart employees, but people that fit the culture. Most of the training is on the job, so you'll be spending most of your time initially with other junior staff. Great opportunities to advance and manage, which is a true differentiation vs. other boutique consulting firms. Very good work-life balance, considering the high-touch service environment. Historically, great exit opportunities (either in industry or bschool) for people who stick around and do well.

    Cons

    Depending on which partners you work with, Putnam can be a very different experience due to different expertise. Historically, there have been instances of people being pigeonholed, but the firm is actively working to improve development and diversity of cases.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great people, fantastic learning experience, decent work/life balance

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Super smart coworkers, probably the best healthcare boutique, great placement into top grad schools

    Cons

    location in Burlington, relatively high stress environment with a lot of pressure

  3.  

    Putnam Associates is highly respected within the pharmaceutical industry.

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

    Pros

    A truly diversified group of highly intelligent and dedicated employees. Fairly well compensated, good benefits some really nice perks.

    Cons

    Work life balance could be better.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Great experience with top pharmaceutical manufacturers

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Putnam is full of hardworking, smart people. The projects are engaging and challenging, with a great deal of responsibility to assume.

    Cons

    The company is located in Burlington, Massachusetts, which is not ideal and essentially requires a car. There is not always a lot of variety in projects.

    Recommends
    Approves of CEO
  6. 1 person found this helpful  

    Great focused experience in pharma

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Associate Consultant  in  Burlington, MA (US)
    Current Employee - Senior Associate Consultant in Burlington, MA (US)

    Pros

    Tremendous opportunity to work with F500 clients on very challenging problems. Heavy quantitative muscle including a lot of market research and modeling. Very strong professional development opportunities, a collaborative culture, and no up-or-out mentality creates a friendly environment. Firm looks upon its consultants as members of a family more than employees.

    Cons

    Partnership is very very very protective of the health and direction of the firm. No one below the most senior levels is knowledgeable of project fees or what is in the pipeline. I never once heard a whisper as to the annual revenue of the firm. Firm lacks diversity overall and relies perhaps too heavily on a few core pharmaceutical clients. They note we work in "biotech and medical device" industries in addition to pharma, but in my entire tenure there, I cannot recall one med device client or project, nor too much work in biotech. Quant analysis is a strength of the firm, but consultants can find themselves pigeon-holed into the same type of project again and again if they have proven themselves capable.

    Advice to ManagementAdvice

    Open up communication about the health of the firm to staff; stop squeezing 50 consultants into office space in the suburbs designed to fit 30; bring in a partner from the outside who can source work beyond the stable of pharma clients Putnam has grown too reliant upon.

    Recommends
    Disapproves of CEO
  7.  

    Good experience overall

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

    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 ManagementAdvice

    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.

    No opinion of CEO
  8.  

    Putnam

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

    Pros

    - low travel
    - strategy focused projects

    Cons

    - no company growth
    - limited upward mobility

    Advice to ManagementAdvice

    - expand company capabilities and types of casework
    - communicate company vision to employees

    No opinion of CEO
  9. 1 person found this helpful  

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

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

    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 ManagementAdvice

    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.

    Recommends

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