At Putnam, we operate with a team-based approach that is client focused and impact oriented
Almost all of our studies combine sophisticated quantitative analytics with significant qualitative fact-finding and synthesis to inform strategic decision-making. Our diverse casework spans portfolio prioritization, development optimization, market assessment, product launch strategies, and growth strategies. While the client-service core of our work can be demanding, we pride ourselves on the collegial, friendly and balanced environment at Putnam where consulting can be a long-term career option.
Putnam provides a great entry path into the dynamic world of biotech. Our team-based approach offers opportunities for both individual and collaborative growth that helps colleagues develop analytical skills, industry knowledge, and management skills. Work is fast-paced and diverse, and over the course of a year, a typical employee will work on 10-20 projects, collaborating with more than 40 colleagues.
On average, employees are promoted every two years into greater responsibilities – more frequently when they demonstrate the abilities to execute in higher-responsibility roles.
As a firm, Putnam is growing at a significant, but manageable rate. For employees, this growth provides more opportunities to be a part of new initiatives and responsibilities, as well as a greater chance to contribute to Putnam’s future success.
Putnam strives to create a positive environment that encourages achievement.
Key values that we espouse and promote:
Though the office environment is both friendly and energetic, there is a high degree of professionalism in accordance with the clients we serve and the types of strategic issues that we address.
We are a team-oriented company with groups of professionals from all levels responsible for the research, analysis, strategic insight, recommendations and delivery of specific client work. Putnam’s project workload has typical peaks and valleys. To help balance demands, most staff are assigned to two projects at one time.
Putnam has a particularly rich office culture. In contrast to many other consulting firms, Putnam staff does not “live” at client sites. Rather than spend 100 nights a year at rotating hotels off the New Jersey Turnpike, Putnam Associate Consultants conduct most of their work in our offices. As professional development progresses toward the Consultant level, direct interaction at client sites, or increasingly with clients who visit our office, will increase, but rarely do consultants have to be on the road more than two nights per week.
Whether you are interested in joining Putnam as a long term career move or seeking to make a quality investment in your professional development.
We have an established record of being one of the most desirable consulting firms from both the perspective of clients and employees. Our consulting professionals provide strategic advice to pharmaceutical and biotechnology leaders on their most important drugs and products. Our exclusive focus and long-term client relationships provide a true opportunity to acquire extensive knowledge of a dynamic industry. Those who join us out of undergraduate institutions and then choose to go on to graduate school (MBAs, PhDs) have an impeccable track record of gaining admittance to top programs. We offer a career path that is bound only by an individual’s talent, work ethic and motivation.
“Putnam sets you up for success – surrounding you with a collaborative group of peers and supplying you with the tools to make a difference in the life sciences.”
After graduating with a degree in Regenerative Biology from Harvard, I had my sights set on medical school; however, my growing desire to explore drug development led me to defer enrollment for a job at a diagnostics company. There, my role in product management reaffirmed my interest in the commercial aspects of the life sciences, but left me yearning to get closer to the pharmaceutical industry.
As an Associate Consultant at Putnam, I’ve been given the opportunity to have a noticeable impact on top companies in the pharmaceuticals industry and small biotechnology startups. I’ve worked on a variety of cases, including due diligence of a diagnostic company, quantitative surveys informing a drug launch, and even workshops training sales teams. A normal day might involve several physician interviews in the morning followed by financial modeling in the afternoon, broken up by a firm-wide lunch presentation. In my view, what really sets Putnam apart is the collaborative environment, where everyone from the partners to the support staff works together to make Putnam what it is.
“At Putnam we approach everything that we do, every single day, as a problem solving exercise. It’s extremely fulfilling work if you enjoy thinking critically.”
After graduating from Dartmouth with a degree in neuroscience, I took a position as a clinical research assistant in a brain imaging lab, with the goal of eventually pursuing a PhD. However, I soon began to realize that I was more interested in the downstream applications of scientific research than I was in conducting the research. I desired an experience that would allow me more direct exposure to the process of translating research to marketed therapies, and Putnam has provided that.
As an Associate Consultant, I have experienced a tremendous amount of professional growth. There are not many companies where you will have as many learning opportunities as you will at Putnam. Every projects brings a new disease area and a new set of challenges, frameworks, and analyses. As an Associate, your managers will trust you to own workstreams, but will always provide the guidance necessary to get the job done. Everyone, at every level of the firm, is fully committed to helping you learn and improve continuously.
“I enjoy the open culture at Putnam. The partners provide routine updates on a quarterly basis on overall firm performance, expectations for the next quarter, key initiatives and a forum for questions and comments. I don’t know of many other firms that do the same for its employees. In addition, the work environment at Putnam is pretty invigorating.”
I joined Putnam as a Life Sciences Consultant after my PhD in Biological Sciences from Dartmouth College. As an LSC, my role within case teams varied from recruiting physician key opinion leaders and interviewing them to working closely with client teams on financial forecast models. I was able to leverage my research experience when performing secondary research and in thinking about key clinical and biological questions as it relates to our clients’ assets. Another aspect of my PhD that I’ve been able to carry through is the systematic, hypothesis driven approach to structuring solutions to interesting biological and even non-biological problems. Now as a consultant, I lead day to day activities of my team while driving towards overall project objectives in set timelines. At Putnam, we work hard to focus on individual employee development in addition to delivering top quality work to our clients. In the last year and a half here, I’ve completed 10 projects for both pharma and biotech clients and have developed knowledge and expertise in multiple therapeutic areas.
“The employees of the firm are relatively young, support culture and opportunity for professional development with the quick flow of constantly changing workstreams”
Being a Bio/Business major I’ve tried the typical roles/internships at academic research, biotech, pharma, contract research, and consulting. I was part of the pioneer batch in a program founded with the beliefs that there is tremendous unmet need for talent bridging the intersection between science and business, and Putnam fulfills that need. Projects at Putnam dig deeply at the science of many of the biggest drugs, and then pivots into identifying or analyzing for business opportunities within the context of the science.
Putnam focuses solely on the life science industries, allowing us to provide unparalleled depth, experience and insight into our client’s most complex challenges.
We do not define our client’s issue to fit our capabilities. Instead, we listen to their needs and tailor our comprehensive set of tools, techniques and expertise to quickly bring clarity to complex issues facing our clients.
Understanding the global challenges facing our clients enables us to provide customized, actionable and strategic recommendations that draw on deep therapeutic area and functional expertise.