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.
“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 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.