What are the key differences in the type of work between L.E.K. Consulting vs. boutique firms (e.g., Putnam Associates, ClearView Healthcare Partners )? It seems like both work with the same companies

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Tbh, think it’s similar. LEK potentially sells bigger projects and is moving more towards longer cases with wider scopes. LEK is also more similar to clearview since Putnam double staffs.

likesmarthelpful

As a buyer of these projects, the type of work they can do is nearly identical. You typically get a better result from LEK than a boutique, but LEK also charges a lot more. As a place to work, you will learn to do a better job at LEK. But they will also burn you. Up to you.

likesmart

Almost no one in industry cares or knows enough about these companies to differentiate brand or prestige. Prestige is mostly something people deep in the consulting world care about. Step outside and you’ll realize most people don’t know the difference between McKinsey and Putnam.

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At LEK you need to be a specialist in healthcare/LS to be staffed exclusively on those projects. The boutiques you mentioned only do healthcare/LS, so you wouldn’t have that problem.

I believe we also pay more. Past that, it’s worth looking into type of work breakdown - in our LS practice I think ~70% growth strategy and ~30% DDs. Not sure if the boutiques have more of a singular focus.

likesmarthelpful

What prior exp do you have? If you have a few YOE in HC/LS I don’t think it would be terribly difficult to come in sector aligned.

Keep in mind 50% of our work is in your sector of interest anyways.

Generally, first year you’ll get staffed wherever they want to put you but your input is taken into consideration. After a year you can specialize. Hope that answers the question!

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