Stern Value Management at a Glance

Uppers

  • "The culture and the work that we do."
  • "Opportunity to get exposure to clients from a relatively junior position."
  • "Entrepreneurial environment where meritocracy is the name of the game."

Downers

  • "The volatility of the hours we work (normal for boutique firms)."
  • "Sometimes the travel can be very intensive."
  • "Need to play all positions every time."

The Buzz

  • "The mecca of EVA, going through a successful revival."

About Stern Value Management

With a lineage dating back to 1982, Stern Value Management is a boutique management consulting firm with a proud history. Under founder Joel Stern, the firm-then known as Stern Stewart & Co.-developed the Economic Value Added® (EVA®) methodology. Following a rebranding in 2013, Stern Value Management retained both Joel Stern's leadership and the EVA trademark. However, the Stern Stewart name lives on: a group of offices, headquartered in Europe, opted to retain the Stern Stewart name and operate as a separate firm following the rebranding. Presently, the two firms are not affiliated. 

The EVA specialists…and more 

As of 2014, Stern Value Management's capabilities can be broadly grouped into 4 main categories: operations, strategy, finance, and governance. Because its major focus is on creating value, the firm's methodologies apply to clients in a broad range of industries-in fact, SVM has served more than 800 clients in both the public and private sectors, including AB Inbev, Best Buy, Briggs & Stratton, Credit Suisse, Coca Cola, Goldman Sachs, Herman Miller, Hertz, Morgan Stanley, Siemens, Sony, the U.S. Postal Service, Whole Foods, and the Williams Companies. 

As founder and chairman Joel Stern writes on the firm's site, "if firms maximize value over time, the surplus they will create will be invested elsewhere in society and this will create additional job opportunities and income for people who would not otherwise be able to earn it. My focus is on creating value in order to enhance the general welfare." Research conducted by the firm claims that those that have implemented its Value Based Management system have created more jobs while delivering superior returns to shareholders than a control group. 

Finance roots with a generalist approach

SVM has its roots in the revolutionary finance thinking that started at the University of Chicago in the 1950's. Today, the firm emphasizes recruiting generalist problem solvers who also have a foundation in corporate finance. The firm today recruits from top undergraduate and MBA programs, including Columbia University, the University of Chicago, the University of Virginia, and New York University, among other top programs. 

It's about value

While the firm may have started with EVA, its list of methodologies and proprietary tools doesn't end there. Stern's commitment to value creation can also be found in tools such as Market Value Added (MVA), Future Growth Value (FGV), Current Operations Value (COV), Wealth Added Index (WAI), and Relative Wealth Added (RWA).

In addition, the firm also conducts industry research and publishes books and whitepapers detailing its research. More regular contributions can be found on the SVM blog

New brand - extended focus

Over the last few years, the firm has focused on operationalizing value creation, extending its concepts beyond the C-Suite and the Board and into operations. This extended focus is one of the key drivers behind the rebranding according to Erik Stern, the firm's President and COO.  

Global consultancy with a family feeling

With clients around the world but fewer than 100 employees, SVM is a rare breed: a global consulting firm that aims to retain the close-knit, family feeling among employees that is the hallmark of many boutique firms. Accordingly, the firm considers its flat organizational structure to be one of it keys assets, along with a diverse workforce and the opportunity for consultants at all levels of the business to interact with its clients' senior officers.  

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Stern Value Management

3 Columbus Circle
New York, NY 10019
Phone: (212) 261-0600
Fax: (212) 581-6420

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Major Office Locations

  • New York, NY (HQ)