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Interested as well!
Particularly WLB makes me curious, given their inverse pyramid staffing model. âToo many chiefs and not enough Indiansâ in a high pressure (ie restructuring) environment seems like a recipe for WLB apocalypse.
How does Alix manage to keep it sustainable?
1. Path to MD in PI is what you make it. At the beginning of the performance year, they ask you how aggressive/quick you want your career trajectory to be, and you write your annual perf goals around that. There's no up or out culture - you can work really hard and make MD in a few years or you can be a career director if you only want to deliver.
2. WLB is fine - sometimes you work hard, sometimes you don't. đ€·đŒââïž.
Expectations - our Directors are usually dedicated to one project - ie. You do actual work. On a lot of my projects, directors are the ones that own the final slide decks. They make excel models, run analyses just like everyone else.
Best practices - I don't understand what you are asking for here.
3. Comp is good. I don't know anyone that complains. Varies widely with your experience and performance (bonus typically 25%+). It's not transparent so just set your expectations with HR as you interview.
@P1 - inverse pyramid works when Directors also do work. See my comments above.
We also don't hire green. In very few cases do we hire from undergraduates and this is the first year we've gone on campus to hire for MBAs. The business is growing rapidly and we're branching out for talent.
Having experienced talent means we work faster and better. I'm a career consultant and have been at other major shops before. By comparison, Alix teams waste very little time in client site, and we get straight to the point.
Perhaps the perception of our lack of WLB is from the fact that we are productive all 10hrs of the work day - that can be draining some particularly tough days. I average 50-60hr work weeks.
Let me know if I can clarify further.
Unfortunately I can't speak to much of what you are asking since I'm in a different group and only a VP, but I've thoroughly enjoyed AlixPartners. They're making many pushes to improve WLB and encourage diversity with the ERGs. I like the non-pyramid spreadch, but I don't know how it affects other service lines. Considering their success it must be working.
Thanks AP2! Much appreciated
Does the no up or out pertain to the VP and SVP levels as well? What are annual raises like?
No up or out at any level. There's no specified amount of time to get from VP to SVP etc. As I mentioned, you dictate how quickly you what to move up (not to be confused with poor performance).
In my experience raises are around 7-8% and bonuses are 25%+. I have limited experience here.
What are your impressions of the EI group?