How is Putnam associates? I have been contacted by a recruiter and he is claiming it to be a prestigious strategic firm in pharma. Any insights into culture/money would be helpful.

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Turned down an offer from them. The “prestigious” thing is all a bunch of BS marketing. They very tightly control their external image (e.g. incentivize employees who write positive Vault/Glassdoor reviews through gift cards).

They predominately do market research/analysis. So the bulk of their revenue comes from market opportunity assessments and primary market research projects. Project size tends to be small (by value) so they have to double staff their employees to stay sustainable. Ends up being frustrating and annoying to deal with. Also WLB isn’t that great, long hours.

My $0.02: Stay at ZS for reasons mentioned in previous posts. ZS has the scale and depth expertise to handle strategic projects Putnam simply cannot do. You will get access to much cooler projects at ZS than you ever would at Putnam. ZS also pays more, and will over the long run. ZS also has a much better brand that is well known and respected, one built because of good quality work and employees.

Another way to look at it is that Putnam and ZS were started roughly around the same time. Look at how Big ZS is now and look at where Putnam is.

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Cleaning up ZS’s mess? LoL they probably have roughly 10% of our capabilities. I am sure we screwed up some projects but it is a bold statement to make

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I interviewed with them before. Putnam and one other company (forget the name) claim to be the most prestigious in this space, and one of the employees joked that “many of our projects are cleaning up ZS Associates messes!” I think ZS has the stronger brand name just because it’s a larger firm but I wouldn’t know. When I checked Putnam has 2 offices in SF and Boston, leadership is a bunch of Ivy League dudes. Not sure on culture but my assumption is it’s a smaller firm, so you’ll do a lot of heavy lifting at analyst level but great strategic work. I recommend finding people who work or worked there on LinkedIn and reaching out (that’s what I did)

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I am at 180k (manager level) at ZS. Looking at Glassdoor report, it seems like it may not be even worth interviewing there. But I wanted to get second opinion. I am happy at ZS, but wanted to make sure I was not missing anything big with this.

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The partners just got done talking up our vault rankings, so I can't say I'd refute anything SC1 has said about the prestige, lol. The work has been very engaging, I think WLB can be relative, I would say people average 55-60 hours a week here. The work is mostly market research for pharma companies, so I'd agree there. I don't think the double staffing leads to more hours/better sustainability, I think it just helps to minimize downtime. I would also counter that Putnam has stayed smaller as a matter of choice, the current partners only recently bought out the founding partner who had a set goal for company size. The partners now only want to grow enough to fill the current office they moved into in Boston. I know we're currently at capacity and turning down work. No idea really what the managers are pulling in compensation, could very well be under $180k.

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My 2 cents: interview and see how far you get, if salary offer is very good then look more into the firm if you want to move

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ZS1 not what I said but what an employee said 🤷‍♂️ OP I think it’s up to you if you want to chase $ but if you’re happy then you’re fine. ZS more well known anyway

@AA1 i understand. I was surprised that they go around and claim that. We tend to say it sometimes for McKinsey for certain type of work

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