Putnam has a long-term commitment to our employees
Some consulting firms position themselves as a landing spot for a year or two, but we want employees to see the potential for a longer-term career at Putnam.
Putnam is committed to creating a professional environment that enables employees to build strong foundational skills and to reach their full potentials. We achieve this in several ways. To keep teams connected with one another, Putnam offers an internal bi-weekly seminar series covering advances in project methodology and new developments in health care. We provide formal internal training programs at initiation and upon promotion to senior associate and consultant roles. We have a robust mentor program to help foster development case to case. For those pursuing MBAs, we provide tuition reimbursement. We provide professional conference sponsorships to encourage employees to continue learning and developing. Finally, staff participate in internal knowledge initiatives on cutting-edge topics like immunotherapies in cancer and cellular and gene therapies.
For new hires, the firm provides basic consulting and industry overview training in the first 3 months of employment aimed at providing new Associates a solid foundation to hit the ground running on case work.
For employees with 2-4 years of tenure who are progressing toward the Consultant role, the firm provides Advanced Consulting Skills Training focused on developing the skills and tools to facilitate the transition to managing greater levels of responsibility in problem solving, case management, staff development, and firm development.
For more experienced employees those promoted to, or hired into, the Consultant role the firm has developed a Case Leadership Training Offsite, held annually at Chatham Bars Inn on Cape Cod. The objective for this training is to provide practical insights and tools for case team leaders in a structured, highly interactive way.
Every fall, Putnam holds a firm-wide Team Building Offsite – through Outward Bound on Thompson Island in 2014 – designed to explore and demonstrate the power of effective teamwork and good team process to solve hard problems and overcome hurdles.
The firm’s commitment to junior employee development is evidenced by our outstanding track-record in helping employees gain admission to top-tier MBA programs. In the past five years, 100% of Putnam employees who have applied to Harvard Business School, Stanford, Wharton, MIT Sloan and Kellogg, were accepted to one or more of those institutions, with Putnam alumni enrolling in each of the five. Several recent MBA graduates have elected to take advantage of the firm’s recently expanded sponsorship program and return to Putnam as Senior Consultants.
This takes two forms:
For select employees who return to Putnam after attending full time MBA programs – e.g., Harvard Business School, Stanford Business School, Wharton, Northwestern, and MIT Sloan (alma maters in the last three years of 20 current and potentially future Putnam staff who started as Associates) – Putnam offers full reimbursement over three years post-MBA.
For those looking to maintain an income while they earn their MBAs, Putnam also sponsors consultants enrolled in part-time programs like the Yale School of Management’s Healthcare MBA (alma mater of two senior staff).
Every year, two or three Managers and Consultants will attend major conferences like the American Society for Clinical Oncology (ASCO) annual gathering, the American Association for Cancer Research (AACR), World CDx, Immune Checkpoint Inhibitors 2015 and others, and report back to the firm on major developments.
Perhaps the best way Putnam fosters professional development is to keep employees challenged by offering them as much responsibility as they prove they can manage. This means offering role growth across cases and merit-based promotions. Over the course of a year at Putnam, a typical Associate will work on 10-20 cases that span multiple consulting disciplines, multiple therapeutic areas, and multiple client organizations. After 3-4 years Putnam consultants consistently develop into “5-tool” players with the managerial, technical, and leadership skills to thrive.
We have always been committed to hiring the best and the brightest and fostering an enriching professional culture that enables its employees to develop their careers at Putnam and beyond. Putnam Alumni have gone on to a variety of successful academic programs and professional fields, including some of the top business and graduate schools.
Some of our Alumni have gone on to explore other ventures, including advanced degrees in medicine, law, and public health. We enjoy watching our employees grow and develop and are equally proud our Alumni’s career endeavors. We are dedicated to building a lifelong network of talented professionals and leaders in the global business community.
“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.
“What I like most about consulting at Putnam is challenging work which matches my interests so that I end up learning something relevant every day.”
I completed my undergraduate degree in chemistry at the local university in my hometown of Antwerp, Belgium. Afterwards I crossed the Atlantic to pursue my PhD at McGill University in Montreal where I worked on small molecule inhibitor development with a focus on multiple myeloma. At that point in time I was still planning to directly join a pharmaceutical company as a researcher and relocated to the global Pharma hub of Boston. It was during my postdoctoral fellowship at MIT that I first learned about consulting, no one had ever mentioned it to me before. The more I looked into consulting the more interested I became because it would expose me to aspects of the pharmaceutical industry that I would otherwise never get to see. The prospect of learning about commercial implementation while leveraging my scientific knowledge particularly appealed to me.
I think you if you ask anyone at Putnam about their daily experience you will get a different response each time, which reflects the variety we see in our work. As a Consultant I have to be flexible in order to keeps tabs on all aspects of the case and how I can best contribute to the goals of the project. Over the past few cases my responsibilities have ranged from performing deep dive secondary research on diseases to build strategic overviews, recruiting key opinion leaders, interviewing physicians, coordinating with external vendors, and building databases and models. These efforts have fed in to cases involving disease area strategy, physician segmentation, landscape assessment, asset prioritization, and opportunity assessment covering a range of diseases including various cancers, rheumatology, neurodegeneration, and ophthalmology. In my experience, consulting has been quite similar to scientific research in that we need to source and analyze data to formulate answers to challenging questions. However, consulting is highly focused on speed and efficiency because we need to quickly deliver key insights that will inform the strategic decisions that our clients face in today’s market.
“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.
“What sparked my interest in Putnam Associates was the firm’s rich history of being a trusted strategic partner to many of the most successful companies in the healthcare industry. Since joining Putnam, I found the complex business issues that face our clients to be quite intellectually intriguing and the rigorous approach that Putnam utilizes to develop unique and impactful strategies has proven to be very professionally rewarding. Overall, I am truly excited to be leveraging my scientific and technical expertise at Putnam Associates in order to influence the future of the healthcare industry.”
My interest in healthcare strategy consulting stems from my exposure to the business challenges involved in translating technology from the bench to the clinic, which I encountered during my doctoral studies. Working closely with the Columbia Technology Ventures office and other strategic partners, I had the opportunity to develop patent applications and pitch presentations as well as evaluate regulatory pathways and potential investments. This experience provided the opportunity to learn about unique aspects of the business-side of the healthcare industry. I greatly enjoyed this experience and sought to find a career that would enable me to leverage my scientific and clinical knowledge to enhance my business acumen. My search for this type of career led me to Putnam Associates.
In my role as a Senior Consultant, I work closely with the Putnam Partners to establish the scope of a project, develop strategic frameworks for project and problem structuring, and organize project workstreams. I also work closely with junior team members to facilitate project research, brainstorm solutions, and develop critical insights and recommendations. Throughout the course of the project, I have ample exposure to clients and am responsible for presenting our insights and recommendations during client meetings. My academic and professional experiences provided a scientific and business foundation upon which I could build at Putnam. I am proud to be a member of the Putnam community and would recommend Putnam to other team-oriented, hard-working individuals who are interested in developing strategic insights that impact the global healthcare industry.
Putnam recently conducted an all-day Advanced Consulting Skills Training offsite at the Boston Harbor Hotel for Senior Associate and Life Sciences Consultants. The goal of the day was to build upon the training consultants have already received and expand their leadership and communication skills as well as to equip them with the tools they need to be an effective case team leader. Over 18 Consultants and Partners attended the training and the dinner after at Bastille Kitchen.Read More News
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.