Pros: good health benefits, incredible flexibility
Cons: inept senior management, little actual work
The Advisory Board Company is a great place to work, if you are trying to raise children. They have flexible hours and the work itself is not too difficult.
However, the company suffers from a lack of cohesive vision and forceful senior leadership. They take months to make essential decisions, and probably lack the vision to drive this company forward. They have missed countless opportunities for growth and expansion, partially due to the poor work culture they have created. There is little actual accountability, so people who mess up catastrophically are just reassigned instead of fired or demoted. I cannot count the number of opportunities they have squandered because the wrong people were in charge.
Addtionaly, until recently, they lacked a clear technical track. It's ok, and it pays ok, but it's not market rate. They rely upon you finding some deep satisfaction in solving the healthcare crisis. But if it is such a valuable problem to solve, they should pay accordingly.
The work culture is abysmal. Sure there are happy hours and ping pong tables and several cutesy gimmicks startup-esque companies love to employ to retain talent, but when it comes to getting work done, there doesn't seem to be as heavy an emphasis. Also, the company seems to value politics far more than results. This is not a healthy sign and has caused a lot of unnecessary problems.
Maybe its a gut feeling, but every engineer I have spoken to feels the same.
If you want to check out, have fun, and coast for a few years to raise kids or focus on other stuff, this place would probably be great for you. If you want to work hard, get paid well, and advance your career, this probably is not it.