Boston, MA (Feb. 9, 2023) – Global strategy consultancy L.E.K. Consulting is once again among the 10 best consulting firms to work for in North America, according to the newly released 2023 Vault Consulting 50 rankings from Firsthand. The ranking is based on a survey of consultants at firms across North America. L.E.K. rose a spot in this year’s rankings to number eight.
L.E.K. was rated highly by its employees, ranking particularly high in a number of “quality of life” categories, including opportunities for internal mobility; international opportunities; the level of challenges it lets employees address; employee compensation; and formal training for its people.
“We are honored to be recognized for the second consecutive year as one of the top ten consulting firms to work for in Firsthand’s Vault Consulting 50 rankings. This is a testament to L.E.K.-ers themselves and the culture they define based on their curiosity, creativity, energy, and commitment to each other, their communities, their work and our clients,” said Manny Picciola, Head of L.E.K.’s Americas region.
Here’s what L.E.K.’s people said about the firm:
"Collaborative work environment. We do not have an 'up or out' policy, so colleagues feel comfortable supporting and coaching one another. There is no competition between peers."
"We do not travel nearly as much as our competitors. This allows our people to put down roots where they live. They can see their families, friends, neighbors, and colleagues much more regularly, and that fosters a sense of community within your personal and professional life. It can be an underrated value proposition, but it sets up our people to have a full life while working a demanding job."
“L.E.K. does an incredible job of setting each staff level up for success - there are highly extensive professional development resources available to us both in written / online interactive form and live form. The firm invests to fly every associate to multiple boot camps during their first two years, and to provide similar live training opportunities for post-MBA consultants. I could not be prouder of the firm's efforts in this area.”
“L.E.K. has developed a proven model (and ingrained a shared mindset among the global partner group) that has allowed it to grow and take share after every recession since its founding in 1983. Its broad coverage across industries, and particularly its leadership position in life sciences, has historically mitigated market cycle risk. Beyond its recession resilience, L.E.K. has instituted a program to encourage its more entrepreneurial partners to build new service line capabilities, which are already proving their worth in terms of deepening client relationships, opening up new revenue opportunities, and providing staff with new and exciting career path options.
“Diversity, equity, and inclusion has been a key priority at the firm over the last several years, and while it is clear that more work is ahead, the firm continues to make progress on a variety of fronts. Most recently, the firm has created more formalized support and funding for employee resource groups (ERGs), which is laying the foundation for further expansion of programming and supports to recruit, hire, retain, and develop historically underserved individuals.”
Firsthand is a career mentoring and engagement platform that provides career insights, expert advice, and connections to career seekers and professionals, as well as employer profiles, guides, and company rankings. The Vault Consulting 50 ranking is based on employee responses to questions about firm culture, work-life balance, job satisfaction, compensation, business outlook, and more.
About L.E.K. Consulting
We’re L.E.K. Consulting, a global strategy consultancy working with business leaders to seize competitive advantage and amplify growth. Our insights are catalysts that reshape the trajectory of our clients’ businesses, uncovering opportunities and empowering them to master their moments of truth. Since 1983, our worldwide practice — spanning the Americas, Asia-Pacific and Europe — has guided leaders across all industries, from global corporations to emerging entrepreneurial businesses and private equity investors. Looking for more? Visit www.lek.com.