BIP.Monticello Reviews

4.1

78% would recommend to a friend

(39 total reviews)
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William Morgan

90% approve of CEO

76% positive business outlook

BIP.Monticello has an employee rating of 4.1 out of 5 stars, based on 39 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The BIP.Monticello employee rating is in line with the average (within 1 standard deviation) for employers within the Management and consulting industry (3.7 stars).

Reviews by job title

39 reviews
2.0
28 Aug 2021
Recommend
CEO approval
Business outlook

Pros

Firm generally hires smart, motivated people. Colleagues are resourceful, and collaborative. Great client experience However, as you have to deal with “Monti Management” this quickly turns to venting w other distraught colleagues and looking for an exit

Cons

Rather than fix the actual issues with the firm, leadership has pushed interns to post fake positive reviews. Any 5 star reviews are obviously fake. Think about this. What person would have zero criticisms?? This should be a red flag to anyone considering this firm. -Mgmt dumps extra “side projects” onto you without regard to client responsibilities, or personal time, leading to working on weekends, holidays, etc. let me be clear: this is BRUTAL & MANIPULATIVE. They dangle the raise/promotion carrot and ask you to write procedure docs, manuals, white papers (positive Glassdoor reviews) and then will make an excuse for not giving a raise or promotion. This is a leading cause of the ~18 month avg turnover. -will take you through 4-5 interviews, then will not make an official offer for MONTHS until they actually sell the work -potential unpaid furlough -very few women work here. I won’t speculate to the reason, just stating a fact. -May have to travel, despite marketing itself as a local firm -no bereavement, or paternity leave. Typical PTO is 15 days, which includes EVERYTHING ie sick, vacation, bereavement, etc. -huge attrition issue- avg. employee tenure is 12-18 months -forced to take PTO around holidays, even if the client allows remote work. If you have no PTO left, you won’t get paid. -1 main client: almost entire business depends on a single client -referral bonus take 12-18 months for payout. This kid about this. Most people leave after about a year so you probably will get get paid for a referral -no true 401K March until year 4 *read the fine print in your offer letter -leadership raised hourly rates to clients, but then gave zero bonuses and blamed it on COVID

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BIP.Monticello Response
4y
Thank you for sharing your feedback. Monticello is a high-growth and collaborative professional advisory firm that encourages our teammates to pursue continuous learning and professional development for career advancement. We strive to enhance each employee’s capabilities by investing heavily in training and development opportunities through our areas of practice in addition to our leading client delivery engagements. Additionally, we aim to provide a work life balance for our colleagues with local engagements where we live and a balanced work-week that is supported by paid-time-off, firm holidays, and social events along with bonding leave that is on-par, and, in many instances, superior to our peer firms. Monticello’s HR team works continuously to improve these offerings for all our employees and prospective new hires. We do thank you for your time with our firm and wish you continued success in your career.
1.0
29 Mar 2021
Recommend
CEO approval
Business outlook

Pros

The pay is decent and the work itself is not very difficult so if you are looking to take a break this could be your answer

Cons

Although Monticello markets themselves as a “growing” consulting firm, the truth is they are essentially a temp agency who staffs about 90% of their employees as contractors at 1 bank. The reason they are always hiring is not because of growth but because the turnover is just as fast. The management lacks any real experience or knowledge, which is be very frustrating for the employees.

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BIP.Monticello Response
5y
Thank you for your feedback, and we are sorry that you feel this way. For clarity, Monticello Consulting Group is a leader in management consulting to some of the largest firms in the financial services industry. We are privileged to employ full-time highly skilled consultants who have the opportunity to work on complex engagements with many highly respected global institutional clients within the financial services space. Monticello offers very competitive salaries and annual bonuses, alongside a suite of benefits including health, medical, dental, vision, 401K matching, paid time off, as well as access to many professional development and educational opportunities. In addition, we work with all of our amazing consultants and employees to participate in building our practice areas, knowledge base, branding, and we are fortunate they are just as giving and supportive of the firm’s efforts to give back to the communities in which we operate. As part of our core culture which was initiated over 17 years ago, we are committed to diversity and inclusion, teamwork and mentorship, and partnering with vital non-for-profit organizations to uplift our communities.
2.0
13 May 2021
Recommend
CEO approval
Business outlook

Pros

- Good Work/Life Balance - Okay Salary - Good qualified co-workers - No travel - Speaks more to the smart candidates they hire, but decent exit ops from here

Cons

- Mind-numbing internal work that isn't discussed during interview process - No internal growth (no incentive either to get promoted) - Projects foster no to little growth for consultants - Little to no flavor of different projects and clients - Either PM, Reg, or Risk - Management treats employees like they are dispensable (similar to a staff-aug firm) - 0 Company Culture or intentions of creating any - Low retention rate (6 months to 1.5 years) - High turnover due to realization of what this firm truly is - Bench is painful - Avoid it at all cost as opposed to other firms. You go from a consultant to an Office Admin working more hours than at client site - Clients see you as a contractor which is significantly different than a "consultant". Responsibilities follow suit - Will see a flatline or decline in personal and career growth within the first few months (all hires at each level will have an "Oh" moment which will kill any ambition they originally came in with")

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BIP.Monticello Response
5y
Thank you for your feedback. Monticello is an entrepreneurial, collaborative firm and we look to our dynamic motivated team of industry experts to help us achieve firmwide success. We invest heavily in employee education and development, working closely with our team to enhance their consulting capabilities and build upon our culture of collaboration and continuous learning. As a part of that growth, all of our employees are asked to wear their entrepreneurial hats and engage with the firm beyond the typical day-to-day client work. We have great and dedicated team members working together in a collaborative atmosphere and that is really what helps differentiate us from other consulting firms.
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Glassdoor has 49 BIP.Monticello reviews submitted anonymously by BIP.Monticello employees. Read employee reviews and ratings on Glassdoor to decide if BIP.Monticello is right for you.