Mars & Co Reviews

4.0

91% would recommend to a friend

(100 total reviews)

Daniele Lienhart and Mike Turner

85% approve of CEO

67% positive business outlook

Mars & Co has an employee rating of 4.0 out of 5 stars, based on 100 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Mars & Co 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

100 reviews
1.0
8 May 2015
Recommend
CEO approval
Business outlook

Pros

I was an employee at Mars & Co’s Greenwich, CT office for about three years and have worked at three very different companies in my career. I have waited some time since leaving to avoid any emotional artifacts in my assessment and have kept in touch with current employees. Writing a review was a difficult decision to make, but I feel that it is ethically responsible to educate college, PhD and business school graduates so that they can make an informed career decision. Nearly every employee of Mars & Co is extraordinarily intelligent and hardworking. However, the organization has momentous cultural shortcomings and a severe lack of leadership which has resulted in significant organizational decay which will continue into the foreseeable future. Voluntary turnover (not up or out) of greater than 20% per year reflects the strain that has been put on the business. Mars & Co offers a unique opportunity to gain substantial experience early in your career. It is not uncommon to be placed on an international assignment within two years’ experience. Promotions are very rapid and it is possible for a college graduate to double their starting salary within three years. This generally requires that junior consultants take on increasing responsibility and be put on “trial by fire.” In my opinion, Mars & Co outperforms most consulting firms in this regard. The project size and revenue generated per employee is very impressive for such a small organization. Most clients are extremely impressed by the work that Mars’ consultants perform. As a result of the rigorous recruiting process, Mars’ consultants are some of the most analytically competent people I have ever met. Most of the Greenwich office’s work is on consumer packaged goods (CPG). It is important to understand that, although the organization does work in many different industries, much of your time would be spent working on CPG projects.

Cons

Where Mars & Co excels in analytical work, its leadership and project management are extremely disappointing. It is difficult to understand how severe of an issue this is until you have experienced it. The root cause of this problem is that success is generally measured at Mars by how many hours you work and how technically complex your methods are. Unfortunately, these are essentially the metrics a good manager should try to minimize. All senior employees at the firm have been promoted from within, as is Dominique Mars’ prerogative. This has distilled the poorest management to the top of the organization. With a few very notable exceptions, most of the managers at Mars & Co perform analyst roles and grind their teams with a fickle, unorganized approach. As a sole proprietorship, the organizational structure of the firm is very abnormal. In Greenwich, one person has complete control of most decision making. Unfortunately, this person only works part time and has a tendency to lash out in grammatically incorrect and thoughtless memos. Progress to modernize and improve the firm has been all but stopped by the laziness and ego of the final decision makers. In my opinion, nearly all of the challenges faced by Mars & Co could be solved if the administrative leader would allow for an open an honest culture where feedback was considered and a sincere effort was made to reduce the turnover burden that is put on the business. During my time at Mars, I saw some extraordinarily ugly situations that crossed my ethical and professional boundaries. An example of one of the many cultural shortcomings that exist is Mars’ stance on women consultants. Only one female currently works in the Greenwich office. The official answer written in the employee recruiting handbook to the question “why aren’t there any female VPs?” is “We have one in Paris. In the US we’ve had women making it to PMs (project managers), but it seems that their desire for motherhood and home life took precedence over their careers.” Mars & Co is truly culturally backwards and my experience at other companies confirms my belief that these issues have significantly eroded Mars’ workforce.

1.0
9 June 2016
Recommend
CEO approval
Business outlook

Pros

The people (especially the younger consultants) are extremely bright and hard working. You learn from your colleagues every single day. There are some opportunities to get staffed internationally

Cons

Where do I start? - Extremely unethical organization. There is an attitude of "get the project done at any cost". There were multiple times when I was asked to overstep my personal moral boundaries and at least once that I was asked to overstep the firm's contractual/legal obligations. - The one client per industry is simply not true. The company accepts work from direct competitors (see the first point above). They do however advertise this to clients and it's the consultant's job to make sure the client doesn't find out. - Mars likes to pretend that it is a boutique competitor to the Top 3. It is not. It does not have the brand or relationships to compete with the top 3. Nor does it have the alumni network to bring in new business. - Just about all projects are CPG or CPG-related. Almost all involve competitive intelligence (which is a fancy way of saying - call up former employees of your client's competitor and see what you can find out). As such, you don't get the diversity of experience most generalist firms offer. - With a few exceptions, most managers have no management or leadership skills. There is no training and no culture of mentorship, so this is unlikely to change. - Bad management translates into horrific project management and even worse work-life balance. Mars work-life balance is bad even by consulting industry standards, where hours are typically long. - Fear-driven culture, with face time a very strong reality. Long hours are glorified and working all through the night or all through the weekend is seen as a badge of honor, rather than yet another result of bad management. VPs will yell at their team and use personal insults. This is seen as normal. - The org structure is somewhat odd. HR/Admin reports up to Paris, rather than the heads of individual offices and exists to enforce the will of the CEO, not support the consulting practice. VPs have no say in staffing, expense reports are often questioned, admin has a surprising amount of influence on promotions and bonuses. - There is ZERO transparency in promotions and bonuses. Reviews happen irregularly, if at all and you don't know where you stand in your career path. One day, an envelope appears on your desk with your bonus. You don't know why you got what you got or whether you did well. - Everyone is miserable. People talk about how much they hate their job every chance they get.

3.0
1 Sept 2015
Recommend
CEO approval
Business outlook

Pros

I was a full time consultant in the Greenwich office for roughly 6 months during a broader career transition, so my experience is not generally representative of many others with longer tenure who may have more jaded views. Given the firm's small size, abysmal website and dearth of marketing materials, it's important to offer some general context for prospective employees about what Mars actually is: A privately held, small, boutique strategy consulting firm with a nominally global presence that views BCG, Bain or McKinsey as peers and that has a long history with clients in the consumer / retail sector. While the official point of differentiation is that Mars works with only one client per industry at any given time to ensure exclusivity, it's important to recognize the degree to which most consulting engagements occur in the CPG space. That can be a feature or a bug depending on what you're looking for. Both the pros & cons of Mars stem largely from the fact that it is a small firm with impressive clients (mostly Fortune 500). Pros generally: Highly quantitative, analytically competent consultants. Mars tends to hire people with PHDs looking for a first job to break into business, or undergrads with an engineering or similarly quantitative grounding. As a result the work tends to be very granular, analytically rigorous and often built from first business principles. As a consultant you get to work on a broad range of problems that can include high level strategy for new markets, structural reorganization efforts, in-the-weeds supply chain or pricing analysis. Because teams are typically small (3-4 people), junior members can add a lot of value and prove themselves quickly. There are ample opportunities (if you take the initiative) to present your work to senior management at your clients, though this will typically be at the mid-upper management levels and not the C-suite. The work itself is interesting and often actionable because of its specificity. There is very little of the type of large-scale implementation projects (throw bodies at a problem) that characterize junior roles at larger consulting firms. Mars probably over-indexes on competitive intelligence (cold-calling research, price checks, etc) given its ability to ensure exclusivity within an industry. There are quite a few international engagements that can last several months and which you can participate in early in your career at Mars. It's a great situation for a self-starting early 20-something right out of school, looking to travel, and who basically has no family commitments. There are consultants who, while ostensibly based in Greenwich, have spent 2-3 years living abroad on assignments. For those who dislike extensive travel - there is less required "face-time" at the client site, though this varies significantly by project. Consultants don't typically spend the Mon-Thurs at the client site, but fly out as needed. In my 6 months at the firm the most I was ever away from home was 3 days at a time, and most weeks I was at my desk in Greenwich. Mars is great for someone looking to have a future career in CPG, as you will work with Fortune 500 clients in this space and gain broad enough expertise (analysis of syndicated data, marketing, merchandising) to be a passable junior brand manager anywhere. Some of the firm's more notable alumni have gone onto success on Wall Street as consumer analysts, or hedge fund managers specializing in consumer stocks. Finally, the exit opportunities are pretty good and the skill set is broadly applicable in a number of different industries. People seemed to go onto work at well known data startups, into finance, to other specialized consulting firms, or into the CPG space in strategy/finance roles.

Cons

If you want to be a consultant to have 1) a large salary & year end bonus, 2) an active & useful alumni network, 3) prestige / benefits / name recognition, then Mars is probably going to disappoint you relative to opportunities at the Big 3 Management Consultancies, or even consulting with one of the large accounting firms. That's not to say that compensation is bad, but all-in will probably come in at the low end of market rate. I suspect that this is a function of being a small firm that can't always push back on client demands - thus Mars offers great services at lower cost. The thing that gives is employee comp & work/life balance. In my mind, the quality & nature of the work outweigh some of these drawbacks, but not all. Because it's a small company that is solely owned by a man who is no longer heavily involved in the day-to-day business, there is a deep sclerosis within the organization that retards business growth, internal visibility on your performance as a consultant, and any true effort at modernization. This manifests itself in a few key ways: There doesn't appear to be any real investment in HR capabilities that grow the consultant pool, encourage retention, or improve the quality of the existing pool through effective training. I saw this a more of a nuisance than a dealbreaker, but many people who come in without having had prior business experience will find this incredibly frustrating because they are expected to do a lot without any real mentorship or intelligible knowledge transfer system. Training is basically "sink or swim", and the current crop of project managers are not good mentors. Project management is very poor, with timelines that are not well managed due to lack of attention/direction from senior leaders until the very end. Typically, if you are not comfortable forcefully managing up in this organization, your work-life balance will suffer. Unsurprisingly, turnover is quite high (20-25%+ annually, and definitely higher than that in the 6 months I was there). Documentation on projects that could come in handy on subsequent engagements is very poorly managed, there are no centralized, automated, searchable resources for new employees. As a result, every project requires a degree of time consuming wheel reinvention. Valuable subject matter expertise is lost for no reason, and many of the mid-level consultants have large basic knowledge gaps as a result of not having been exposed to a particular business concept through their project work. Mars presents an antiquated face to the outside world because it has made no investment in its website, in the format of its presentation decks (which I'm pretty sure are 20 year old knock-offs of old BCG templates), or in training on presentation skills to its consultants. While you will receive feedback on your performance at the end of each project, there is little to no communication about how that translates into your career path, your year end compensation, etc. It appears relatively easy to move up through the organization from entry-level up to Senior Consultant within <5-6 years. After that mobility is severely limited as there is very little VP turnover. If you live in Manhattan, your commute on the Metro North will be a constant source of frustration. While Mars does not have an overtly sexist/frat-like culture, the firm does a terrible job at making female consultants feel welcome - it is not a place I would recommend to any of my female friends. There was literally 1 female consultant in Greenwich during most of my time there. This is partly due to the original pool of candidates (skewing STEM backgrounds) from which the firm draws its talent, but also the lack any female role models within the organization (all VPs are men). I don't see how management can remedy this easily, as the situation is largely self-reinforcing.

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