In addition, consultants are required to spend three days in training at the Chicago headquarters every quarter. In the interim, Diamond CEO Mel Bergstein sends out hundreds of e-mails and a weekly voice mail message to all employees. In a market where tech-savvy professionals have many job options, consultant turnover in fiscal year 1999 was a mere 11 percent. At a time when MBAs are attracted to Internet startups with the potential for equity, Diamond's combination of e-commerce expertise and stock options is very attractive. In a 1999 Fortune magazine survey, Diamond Technology Partners ranked as one of the top 50 most desirable employers for MBAs, and it remains to see how the firm fairs in its new combination.
Hires normally have four to seven years of professional experience in addition to their degree.
Diamond Technology had existed as something of a democracy as well. All partners were chosen by a vote of 80 percent of the existing partnership, and all partners see each others' salaries. A marketspace of digital data In July 1999, Diamond introduced a new service line called Diamond Marketspace Solutions. DMS expands Diamond's creative design and e-commerce prototype capabilities. Consultants in DMS construct e-commerce prototypes to test the working theories of other consultants.