L.E.K. Consulting Reviews

Updated 14 Aug 2020

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3.4
57%
Recommend to a Friend
53%
Approve of CEO
L.E.K. Consulting Global Managing Partner Stuart Jackson
Stuart Jackson
198 Ratings
Pros
  • "Great people - especially at the associate level(in 28 reviews)

  • "Steep learning curve with responsibilities from day 1(in 25 reviews)

Cons
  • "Some long hours; projects sometimes too short to really get into the topic(in 101 reviews)

  • "Some projects have long working hours(in 37 reviews)

More Pros and Cons
  1. Featured Review
    Helpful (1)

    "Overall a good firm in a tough industry with some areas to work on"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Consultant in London, England
    Recommends
    Positive Outlook

    I have been working at L.E.K. Consulting full-time for less than a year

    Pros

    Good managerial experience earlier than other Strategy Consulting firms; home-office way of working so less travel; more strategy-focussed work than competitors

    Cons

    Poor culture, lack of office camaraderie; poor work/life balance and needs to encourage 21st ways of working like flexible hours / remote working

  2. "Outstanding career opportunity"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Director in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at L.E.K. Consulting full-time for more than 10 years

    Pros

    Great learning experience. Lifelong friendships. Exposure to big picture commercial issues. Merit culture. Global network

    Cons

    Need to be ready for hard work. But you only get out of life what you put in


  3. "decent"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Analyst in London, England

    I worked at L.E.K. Consulting full-time

    Pros

    nice place to work at.

    Cons

    not the most healthy worklife balance imo

  4. "Furloughed with no warning"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Consultant in London, England
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

    I have been working at L.E.K. Consulting full-time for more than a year

    Pros

    Good pay and lots of travel

    Cons

    No respect for their staff - we have been furloughed indefinitely.

    Continue reading
  5. "Good work environment. Good exit options"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Associate Consultant in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at L.E.K. Consulting full-time

    Pros

    Friendly, Diverse, Less travel, Positive environment, Great exposure

    Cons

    Limited exposure to variety of industries, Can be touchy-feely

  6. "great"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Consultant in London, England
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at L.E.K. Consulting full-time for more than a year

    Pros

    enjoyed my time here good team

    Cons

    hours did not suit hours not flexible

    Continue reading
  7. "Hard work, but intellectually challenging and rewarding"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Associate Consultant in London, England
    Recommends

    I have been working at L.E.K. Consulting full-time for more than a year

    Pros

    Variety of work - change project every 6-8 weeks and cover strategy and DDs Working alongside highly intelligent people and constantly being pushed to develop Regular reviews and pay rises Great office culture among junior staff - lots of socials (formal and informal) and late night camaraderie

    Cons

    Long hours Limited ability to influence the types of projects you are on Upward feedback doesn't appear to be taken seriously

  8. "consultant"

    5.0
    Current Employee - Associate in London, England

    I have been working at L.E.K. Consulting full-time

    Pros

    -good projects in PE DD

    Cons

    - hours are long but has been getting better

  9. Helpful (6)

    "2nd / 3rd tier market research firm / DD research firm - not a strategy consultancy; toxic place makes people miserable"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I worked at L.E.K. Consulting full-time for more than 3 years

    Pros

    -smart people ; can learn a lot from piers -ok salary and relatively rapid salary increases -some really good and inspirational senior people that might invest in you if you are lucky (this is unfortunately not very consistent and probably only the case for the minority of senior staff) -DDs have the advantage of being short cases - you can potentially see more industries if lucky -there seem to be some positive HR developments which might create hope for a cultural change & improvement (still a very long journey though - will probably be an ok/decent company in 5-10y)

    Cons

    -it is a market research firm not a strategy consultancy -what the company does: 60-80% of revenue comes from DDs - which means that is what you will do most of the time -industries 80% of revenue comes from industrials and healthcare/life science - which again is what you will do - if you are interested in anything else (travel, retail, tech, TMT, FS etc.) - very unlikely that you will do it -> those 2 metrics combined mean that most of time is spend on DDs - within industrials and / or LS/HC -specific activities in first years: -market research (primary and secondary); cold calling; scheduling interviews (essentially being a personal assistant), running to the printer and putting together the slides etc. -next: slight step up: same activities as before + 'modelling' = punching in the figures form the research and pulling a few sums, averages etc. in excel some data analytics exposure (tableau, alteryx, Q, Qualtrics etc.) - but again as a partner commented data analysis / BI is not strategy - you won't learn how to think really strategically just by doing a couple of data pulls and a bit of data slicing - it is not strategy lol -DDs mean very limited depth of learning (both at industry and toolkit level) and just speed of execution -implications for career and comparison to alternative career paths: -relatively uncompetitive skillset - clients are mainly small companies - for whom these activities might add value, in the context of larger firms (BT, Vodafone, Tesco, PayPal, Google etc.) strategy means something completely different from market research and a bit of growth strategy (i.e. revenue forecasting of drugs etc. for HC clients) -the low value activities will be largely done by dedicated teams (market research, call centre teams, data analytics etc.) which means that the skillset after a few years at lek is comparable to someone in a good graduate program at best -actually some large companies will equal 1 lek year as max 1y at their company if lucky (when you get to the stage of having meaningful conversations you will find this out) -general team strength: -great people at entry level; a lot of questionable people at post MBA level (logical given that the best will go to MBB and / or to other companies (at that experience level there are a lot of compelling career options that pay the same or better and offer a much better career satisfaction)) unfortunately this also means that there a few rather questionable managers with 0 people / leadership skill - EQ effectively 0 -why is this the case? combination of: 1) culture and 2) historical value proposition 1) culture - poverty mind set stuck in 1990s (as opposed to having a growth mindset) which means that people are considered as a 'resource' to deplete instead of an asset to build upon this is reflected in most things ranging from senior partners’ attitude to staff to being cheap in most places (events, trying to save on travel expense - up to manager lvl people were flying 7-8h economy while only the partner team was in business class) 2) value proposition based on offering DDs and occasionally some strategy work (naturally approach heavily with a DD mindset and toolkit) - what can be done to improve? - check out best in class performers and think about culture revamp to reach at least 2010 standards and later maybe 2020 - some good steps/ actions have started to take shape but there is still a long way to go -with MBB retaining the vast majority of their clients and having 10y+ relationships with 30%+ of the client base for real strategy work - it will become increasingly harder to differentiate oneself for anything else but DDs finally: people are really unhappy - it is a toxic place. I thought this is fine and an acceptable price for a 'high performance' environment - it is not Now working in yet again another high performance place; the difference is night and day. People are genuinely happy, engaged and satisfied despite doing quite a bit more than 9-5/6 A friend of mine once commented that she takes full responsibility from a holistic perspective for her life to be successful and fulfilled (i.e. happy) and I laughed and thought it is not possible if you want to achieve results. Working 16h per day on absolutely minor things with little to no impact is neither high performance nor meaningful - something that you realise when you experience the alternatives. The majority of people who stick around continue to accept a subpar outcome for their life - a bit like sticking to toxic/ abusive relationships out of fear that there is not something better. Let me tell you you can only make things better for you. in summary: large base of potential in terms of people but very weak organisation to win you need both great people and great tools given to those to be effective and competitive strong companies can provide average people with better tools and win purely as a result of that -if you consider doing consulting (at least in the UK) I would go for: -MBB, OW probably less for LEK, RB (has basically the same DD focus as lek), OC&C (seems to be shrinking and primarily retail), ATKearney (seem to be mainly around supply chain transformation – not 100% sure though), Strategy&; (seems relatively small so harder form an exit perspective) Finally some general career advice: -I personally don't see the point of going into consulting unless it is MBB; anything else will be subpar and the value proposition is gone -it might have had some value in the 1990s, 2000s, today graduate programs have caught up massively and people get promoted fast (assuming you are good); after a few years at a big brand you will be as competitive or even more competitive than from any consultancy except for MBB and even there a bit of question sometimes (just check the exits on Linkedin - a lot of unimpressive moves/ downgrades post consulting vs post industry) -so if you go for non-consulting/ non-banking places try to get a vibe for how fast you can get promoted if you perform well and go for the place that embraces that

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  10. "Long hours"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Engagement Manager 
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I worked at L.E.K. Consulting full-time

    Pros

    Smart people, interesting work, no travel

    Cons

    Long hours, bad culture, bad management

Found 479 reviews