FTI Consulting

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FTI Consulting Reviews

Updated 19 August 2014
Updated 19 August 2014
184 Reviews

3.1
184 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
FTI Consulting President & CEO Steven H. Gunby
Steven H. Gunby
4 Ratings

Review Highlights

Pros
  • Excellent work-life balance in the unit I working (in 10 reviews)

  • You learn a lot from an incredibly talented group of people (wish they did a better job of making them want to stay) (in 6 reviews)


Cons
  • Little professional development beyond informal day-to-day management; little work-life balance (in 21 reviews)

  • The senior management team does not care about the career deveopement of their staff, nor do they seek to train them (in 10 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great learning experience, awesome people, decent work/life balance, average pay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director  in  Washington, DC (US)
    Former Employee - Director in Washington, DC (US)

    Pros

    Pros – young, energetic culture, strong senior management, interesting projects, good overall benefits package:

    1) Most offices and segments hire directly on campus, which is great in promoting a positive and fun culture and great learning environment
    2) It probably depends on your group, but the senior management in my group was awesome, I felt like they truly looked out for my personal and career growth, as well as work-life balance… open-door policy 24/7
    3) While you may get stuck on a boring project every now and then, most of the engagements are challenging, stimulating, and featured on the front pages of WSJ and CNBC, and you often feel like you’re making an impact doing real work
    4) I felt the overall comp was roughly market average, but they have generous non-pay benefits like PTO, 401K, health, nice company dinners, golf outings, ball games, happy hours, holiday parties, etc.

    Cons

    Cons – many of the drawbacks of working for a large public company: misaligned corporate policies, poor bonus structure, rigid pay bands and promotion schedules:

    1) Strict comp and promotion schedule complaints seems to be a common theme in the con reviews at FTI—the incentives are poorly aligned by corporate. For example, once after a stellar mid-year review I was told I was currently performing better than individuals at the position above me, but that I had to wait 9 months until April 1st when corporate approves all promotions together. Then, once you’re promoted, you have to wait your X number of years until you’re due up again … there’s really not much incentive to work hard in a non-promotion year since you’re not really working for a bonus (see below). Another time, after another year of great reviews, I was told “your market rate is probably $X, but corporate does not allow someone of your title to make that much, so we had to settle for $X - $7,000”… again, what kind of incentive is that to perform well if promotions and compensation are set by corporate in a pre-determined schedule and not completely merit-based?
    2) When you’re part of a corporation appeasing shareholders, there will always be some expense watching and profit sharing. Despite the fact that I was in a strong-performing group (FLC), there were other groups that were shrinking (Corp Fin, Tech), or constantly writing down millions in goodwill (Strat Comm). So when you hear your segment lead cheerleading “record revenue, record EBITDA, record growth!” quarter after quarter, don't expect to see that reflected in a record paycheck.
    3) This is not banking, do not expect much from your bonuses. Part of the bonus structure essentially pays you quarterly overtime based on utilization, but since that is largely out of your control, it rarely ever works out. I can’t tell you how many times I got boned working long hours for 10 straight weeks only to sit on the bench for the last 2 weeks of the quarter because the client was away on summer or Christmas vacation and I wound up with nothing. Also, little petty things, like they refused to pro-rate or pay my bonus when I left to get my MBA because I was not going to be at the firm the day the checks were paid.... even after I earned it working until midnight every night and flew cross-country for a client project for 10 weeks straight. The other portion—annual bonus—is an absolute joke if you’re below management-level… let’s just put it this way: the signing bonus I received as a 21-year college student wound up being the largest bonus of my 5+ year career at FTI.

    Overall, I would call the comp structure "reactionary"... your pay would usually lag the market or your value for a little while, and then their would be a correction to bring you back to about average.

    Advice to ManagementAdvice

    I can't really comment on the top-upper management (i.e. C-suite), because they're all brand new in 2014 and I haven't yet had time to observe them, but I would say try to fix some of these archaic corporate policies... other firms seem to adapt to the changing consulting environment so much quicker than us. For the mid-upper management (i.e. segment leaders), keep up the good work.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    "Secret" Consulting Company

    • Work/Life Balance
    • Senior Management
    • Culture & Values
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    People are very friendly and the company cares about its employees. Hours are flexible and employees can work from home.

    Cons

    Work is demanding and is suited for people who can handle high stress. Little flexibility to switch departments. Several offices in New York but the main office is located in Times Square.

    Approves of CEO
  3. 1 person found this helpful  

    Great People, however Work/Life Balance Needs Work

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

    Pros

    FTI pays quite well, has great benefits, understanding management, and high profile engagements to work on.

    Cons

    Although management is very understanding and great to work with, the Work/Life Balance is pretty awful (as is with most other firms in the industry).

    Advice to ManagementAdvice

    Management needs to reward their staff in greater amount for loyalty and efficiency. They should also work on developing their consultants / senior consultants by cycling on and off engagements with different scopes of work.

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    Excellent Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director of Business Development  in  New York, NY (US)
    Current Employee - Director of Business Development in New York, NY (US)

    Pros

    This is an excellent company to work for. The tasks are challenging, the people are terrific, and compensation is outstanding. Plus the external perception of FTI is positive.

    Cons

    Being in Times Square isn't the best.

    Advice to ManagementAdvice

    Keep up the great work!

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Executive Assistant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Executive Assistant  in  New York, NY (US)
    Former Employee - Executive Assistant in New York, NY (US)

    Pros

    Salary, Culture, Work life balance

    Cons

    Location, upper management disconnect

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    Flexible work schedule, but corporate politics prevail.

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

    Pros

    Flexible work schedule; salary paid on time
    The employees who worked on other projects were very friendly.

    Cons

    My supervisor suffered from a Napoleon complex. He praised the subordinates who lacked the qualifications, prior work experience and motivation necessary to perform the job because they did not pose a threat to him, while attacking and degrading the subordinates who excelled and went above and beyond duty to get the job done. He also lacked professional experience in the relevant field and, consequently, was very insecure. However, since he was hired at the onset of the project, he was promoted to a supervisory position.

    Advice to ManagementAdvice

    Recognize the employees who consistently produce high-quality results. Do not promote employees solely on the basis of the number of years they have been working at FTI or their relationship with senior managers. Bottom line: Performance is more important than corporate politics.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Overall a good place to work and grow, but underpaid

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  New York, NY (US)
    Current Employee - Anonymous Employee in New York, NY (US)

    Pros

    I work in Technology and 95% of the people are incredibly smart and driven. You learn a lot from an incredibly talented group of people (wish they did a better job of making them want to stay). There are only a very small handful of duds. You can work from home in this department which is fantastic as you can travel and not take PTO (this is a double edged sword because you're available to work pretty much anywhere). They have offices in almost every major city and there are opportunities to travel if you ask. If you prefer not to travel, there's no pressure to do so.
    Culture is pretty good, people are very nice and will go out of their way to help you learn. But there is not much camaraderie once you leave the office.
    There is an emphasis to take PTO and enjoy it while you're out. However, it can be hard to manage a "good" time to take it.
    Promotion structure is a pro and con. The pro is that there aren't limited amount of upper management positions. If you deserve to be promoted, you don't need to wait for a position to be vacated.

    Cons

    Promotion Cons: they emphasize 2 year minimum between promotions, but that leaves you with no incentive to work hard in a non-promotion year. Very few get promoted early, and usually FTI promotes 1 year later than it should. You have to do the work of a level higher for a year before they promote you to that level. Promotion cycles leave a bitter taste in your mouth.
    Pay is below average, especially for NYC. Raises are very small, pay bumps for promotions is very underwhelming, and annual bonus is very little compared to other companies - and I've received great reviews for my level. Depending on the project, work life balance can be very difficult. You never know what time work will end and working on weekends (for a handful of hours) is pretty standard. You will constantly be on your blackberry at all hours.

    Advice to ManagementAdvice

    Recruitment is top notch, do a better job retaining that talent. Seen way too many incredibly smart and driven people leave because they are mismanaged and underpaid. Put together a better compensation package and raise structure to make people want to stay.

    Recommends
    Positive Outlook
    No opinion of CEO
  9.  

    Dynamic company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director  in  New York, NY (US)
    Former Employee - Director in New York, NY (US)

    Pros

    Lots of exposure to diverse industries.

    Cons

    Similar to other consulting firms in which hours could be unpredictable at times.

    Advice to ManagementAdvice

    Nothing - management is doing great.

    Recommends
    Positive Outlook
    No opinion of CEO
  10.  

    Inefficient, Rampant Favourism, High-School Clique / Jock Mindset, Severely lacking in Management of Operations

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

    Pros

    Good colleagues across different practices. Opportunity to work with well-known and renowned clients.

    Cons

    1. Zero work/ life balance with no compensation for time spent afterhours and weekends.
    2. Bonus supposedly "tagged" to performance: It's a load of BS. Pretty much depends on who is your champion and who can pull the strings. Nothing to do with performance whatsoever
    3. Claims to be an "Equal Opportunity Employer": Company is staffed by their own friends and catapulted into higher ranks instead of grooming and training the junior staff.
    4. Work is not evenly divided. The more able and competent you are, the more the work is piled unto you.
    5. Junior level and support staff are usually treated like dirt. When trouble is detected, its the low-rank employees who get blamed for alot of things.
    6. Rampant favourism. If you are someone's favourite / pet, chances of you rising through the rank is very likely.
    7. HR is very disconnected from the ground staff. The way HR deals with the empoyees are unethical. Lack of communication on alot of things. Employees are not notified or informed when action is taken.

    Advice to ManagementAdvice

    Look beyond US. Elsewhere in other region, the SMDs/ MDs and Head of the office tend to run the office like its their own company. Rules and policies are flouted. Centralising HR is pointless when they are so disconnected from the ground. Networking / cocktails are endlessly hosted with no budget in sight when nothing is invested into staff, and management is reimbursed for lavish expenses in the guise of networking.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    Office set up and P&L responsibilities

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

    Pros

    Collegiate, Flat, Some Very Good People

    Cons

    US centric, unable to look beyond developed markets

    Advice to ManagementAdvice

    Look beyond the US

    Recommends
    Positive Outlook
    No opinion of CEO

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