L.E.K. Consulting Reviews | Glassdoor.co.uk

L.E.K. Consulting Reviews

Updated 8 July 2018
344 reviews

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3.5
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L.E.K. Consulting Global Managing Partner Stuart Jackson
Stuart Jackson
141 Ratings

344 Employee Reviews

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Pros
  • "Continued efforts to manage staff work-life-balance" (in 16 reviews)

  • "You learn a lot in a very short amount of time" (in 15 reviews)

Cons
  • "Projects are demanding and its it hard to maintain work life balance" (in 61 reviews)

  • "Long hours; Significant time spent on administrative tasks" (in 67 reviews)

More Pros and Cons

  1. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Growing firm that continues to invest in its people

    Cons

    As with any professional services, deadlines can be tight


  2. "Meritocratic, apolitical, and up-and-coming LS practice"

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

    I have been working at L.E.K. Consulting full-time (More than a year)

    Pros

    - LS practice in upward trajectory; growing variety of projects and portfolio of capabilities beyond transaction advisory work
    - Senior team members are interested in professional development of staff within life sciences
    - Apolitical and meritocratic (at least at more junior levels): career development largely determined by performance. Staff are given responsibilities as-and-when they are ready (vs., according to tenure)
    - Continued efforts to manage staff work-life-balance
    -
    - Competitive pay

    Cons

    - Tendency of due diligence work to be oversold leading to long work hours
    - Tendency to "boil the ocean"; detail-oriented, research-driven approach towards projects often leads to less focus on big picture thinking
    - Allocations system largely based on luck and availability

    Advice to Management

    - Adapting approach to scoping and structuring projects to focus less on quantity of work provided to clients, instead allowing more breathing room to allow for strategic thinking (though realise this is difficult to do for transaction advisory work)

  3. Helpful (2)

    "Toxic culture and fake reviews here"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in London, England
    Current Employee - Consultant in London, England
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at L.E.K. Consulting full-time (More than 3 years)

    Pros

    None. You get paid on time
    It is in Victoria
    Fake review on Glassdoor, probably written by lek own HR which does not reflect reality and is just to give "good" impression of the firm to the new recruits

    Cons

    -toxic culture. From partners to managers, they use associate and junior staff like slave, often micro manage people.

    -They also don't respect you, your private life or the work you have done. After a week of intense work, finishing at 2am or 3am, the partner would say, "btw, I totally changed my mind", and then would throw all the work into the bin and ask the team to start from the beginning again!" That's why you always have endless work to do and finish at 2am everyday. Because they have no empathy and you are only a tool to them, and they want to sweat the asset as much as possible

    -badly behaved partners also under cut prices when bidding projects, and give 70%dicscount sometimes, and that means 1 person does 3 persons job. Partners are totally ok with it and you as associate have to bear the burden

    -it is market research firm, not s strategy consulting firm. You don't get the chance to think about the strategy. Partners will micro manage everything. They will draw our slides and ask you to find the data in the slides(and a lot of times these data don't exists) and draw out the slides. After two years, you will be good at drawing slides and finishing data. But you don't have a strategy consulting mindset.

    -head hunters also knows what you did as an associate pretty well. So it is difficult to find good jobs just after two years

    Advice to Management

    You are not good at all and should feel ashamed


  4. "Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in London, England
    Former Employee - Associate in London, England
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at L.E.K. Consulting full-time (More than 3 years)

    Pros

    Great people, interesting projections and quick promotions possible

    Cons

    Hard work and late nights


  5. "Associates are sometimes given very mechanical tasks"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in London, England
    Current Employee - Associate in London, England
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at L.E.K. Consulting full-time (More than a year)

    Pros

    The learning curve is steep, and if you overperform, you will be given more and more responsibility

    Cons

    The mechanical work never entirely goes away, work-life balance is not great


  6. "Tough environment but great experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great people
    Great for CV
    Varied experience.

    Cons

    Work life balance not great. Culture / senior management.


  7. "Good but hard work"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at L.E.K. Consulting full-time (Less than a year)

    Pros

    Good analytics learning, high profile cases, qualified senior management

    Cons

    Sometimes very tough hours, and limited exposure to clients

  8. Helpful (4)

    "Great for a few years, not quite sustainable"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consulting Staff in London, England
    Current Employee - Consulting Staff in London, England
    Recommends
    Positive Outlook
    Disapproves of CEO

    I have been working at L.E.K. Consulting full-time (Less than a year)

    Pros

    - Great colleagues, some of the brightest yet humblest people you'll meetand a very friendly, non-competitive culture
    - The swap program - chance to get 6 months in one of the other offices once you hit 2(ish) years tenure
    - Emphasis on strategy work, more opportunity to do on projects on strategy where you don't know the answer at the start, as opposed to MBB, OW, ATK where you will do mostly organisation and performance. Still provides opportunities to do the latter.
    - Lot's of M&A work, good if you want to get into private equity without going through investment banking
    - Good social scene, though by some accounts the budget provided trends behind peers
     - Great career prospects after 2 - 6 years tenure. If it's the only offer you get in strategy consulting then absolutely take it. You should probably take it ahead of anyone except MBB

    Cons

    - Lack of 80:20 leads to unsustainable work/life balance for many. Applies to over 50% of the partner + principal group. Managers and consultants also not vocal in pushing back on Partners and Principals when hours get ridiculous. That being said, 80-100 hour weeks are NOT the norm, you do get good runs that let you recharge and tougher cases are more likely to be in the 65-75 hour range, but it's not good enough
    - Seems to be tracking behind other firms on salary, benchmarking at entry level (grad and MBA) but progressively tailing off in successive pay reviews + bonuses. Not good enough when the firm boasts the highest paid partners in the industry
    - The global managing partner, Stuart Jackson, is completely out of touch.
    - Lack of prestige and public sector projects, which all go to Big 4 and MBB
    - Still doing stuff in-house that could be outsourced e.g., slide making
    - Behind on data and analytics, need to hire more specialists with data science backgrounds to carry out more sophisticated analytical modules, inadequately trained associates delivering complex analyses is also a source of long-hours

    Advice to Management

    Consider the benefits of a higher retention rate:
    - Less reliance on MBA hires, about half of whom seem to fail
    - Keep your best people through to manager level, it's commonly accepted in the firm that they leave while the ones that stay are the ones with more stamina or less regard for their own physical and mental health

    - Stop promoting people with poor project management skills to manager / principal level.
    - Overhaul your HR function, career development program and performance review system. They're all stuck in the last century.
    - Generally go benchmark operational functions against other firms and other LEK offices.
    - Introduce more ethical practices. The London office feels a lot more like a bunch Thatcherite middle aged men using the company as a vehicle for them to sell consulting work and less like a firm with a real ethos and a real commitment to all staff at all levels.


  9. "Good firm. High standards, fast paced work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in London, England
    Current Employee - Consultant in London, England
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at L.E.K. Consulting full-time (More than a year)

    Pros

    L.E.K. provides Good learning opportunity with Managerial responsibility as opposed to other consulting firms for a post MBA role. The work is fast paced and highly data driven

    Cons

    Projects can have short timeline meaning low opportunity to actually learn about the industry/ client before starting delivery. Too many PE projects can drain employees and work life balance is worse than other consulting firms

    Advice to Management

    Actually apply a 80:20 approach instead of boiling the ocean


  10. "Great Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in London, England
    Current Employee - Associate in London, England
    Recommends

    I have been working at L.E.K. Consulting full-time (Less than a year)

    Pros

    - Humble and highly educated colleagues
    - Great work environment

    Cons

    - None that I can think of really


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