Which are the greatest consulting firms to get the job done for? Vault ranks the top rated consulting firms around the entire world in 2023, such as the likes of the Big Three alongside EY-Parthenon and Kearney
So wherever can you reap all the added benefits of a leading consulting occupation? Which are the finest consulting corporations to function for?
Just about every year, occupations platform, Vault (Firsthand), surveys hundreds of consultants performing for reliable firms in the field. With their insights, Vault compiles a record of the ideal consulting firms to operate for.
The listing is broken down into a variety of components. In accordance to Vault, more than 40% of those aspiring to launch a superior-flying vocation in consulting named perform put culture as the most essential variable in an employer. Thus, this is regarded as second, with agency prestige the key requirements. The position also takes into thought employee satisfaction, payment, function-life equilibrium, and stage of challenge.
Below are Vault’s major 25 consulting corporations to work for in 2023.
Very best Consulting Corporations To Work For: Vault Rating
25. OC&C Tactic Consultants
This worldwide consulting organization is aware of a detail or two about administration of corporations—whether multinational or national. The London-based mostly agency has places of work in global places such as New York, Paris, and Hong Kong, and provides experience in non-public fairness across investment decision and acquisition technique.
The firm’s strategic experience is little by little turning out to be much more recognized throughout the Atlantic, with its New York area continuing to employ the service of at a speedy pace—an indication of advancement in the US industry.
OC&C ranks as the sixth most effective consulting business for intercontinental prospects and seventh very best consulting firm for gains, according to Vault.
In the study, insiders at the company when compared the firm’s tradition to that of a boutique hoping to grow in the marketplace. “We have the composition and abilities of a bigger business though delivering ample options for junior staff members to have their thoughts read by the most senior customers of the consumer group, as in a commence-up.”
24. The Brattle Team
If you’re searching for tips on intricate financial, regulatory, and monetary queries then appear no even more than The Brattle Team. The Boston-primarily based agency will work with a vary of purchasers including finance, healthcare, media, and sports activities and its tips is tailor-created for each individual sector.
The organization is acknowledged for its capability to nurture talent, offering mentoring and guidance for job learners. The firm ranks 18th in the 2023 Vault Rankings for Greatest Consulting Firms for Official Coaching.
A person survey respondent from The Brattle Team advised Vault: “A occupation that will obstacle you with substantial depth times but will reward you with chances for own, expert, and relational development.”
23. Arthur D. Very little
This organization is a thing of a home name in the consulting sphere. With headquarters in Boston, Arthur D. Minor has firmly designed its mark in the US market. There is still a great deal far more area for the corporation to develop, however, and its emphasis on innovation, tactic, and transformation is helping this effectively-recognized agency keep on to go from toughness to strength.
Personnel at the business advised Vault that this is a organization that isn’t just interested in innovation in the companies it provides but higher administration also glance for talent who bolster Arthur D. Little’s ground breaking eyesight.
22. ClearView Health care Associates
Just like its moniker, this company has a crystal-apparent eyesight about what it needs to be recognized as: a sturdy consulting company that provides qualified guidance inside the lifestyle sciences industry.
The boutique business ranks fifth amid Vault’s Greatest Consulting Companies for Well being Sciences Consulting and ranks amongst the top rated ten for Finest Consulting Companies for Formal Coaching.
Consultants at ClearView can artfully bridge the hole amongst clinical and scientific understanding and business enterprise issues, advising customers on expert places this kind of as diagnostics, biotechnology, and pharmaceuticals.
21. Again Bay Life Science Advisors
Becoming a member of the crop of consulting corporations with headquarters in Boston is Again Bay Life Science Advisors: a boutique with skills in lifetime science method, financial investment banking, pharma, medtech, and much more.
From advising on drug advancement to franchising and mergers and acquisitions (M&A)—this consulting organization answers all requires in just the lifestyle sciences industry.
As the third Greatest Consulting Organization for Operate/Lifetime equilibrium in the 2023 Vault Rankings, it is considerably from all perform and no engage in for Back again Bay employees.
One particular insider instructed Vault: “Investing in interpersonal interactions is firmly rooted in Back Bay’s culture, which can take the kind of recurrent place of work-vast outings, business office lunches, and informal hanging-out outside of the office.”
Read through: The Highest Shelling out Boutique Consulting Firms
20. Kaiser Associates
This world consulting company was established on the foundation of ‘fact-based’ approach, and it’s stayed legitimate to this mission at any time considering the fact that.
Headquartered in Washington, DC with workplaces in London, Kaiser Associates delivers broad-ranging consulting companies to clientele which include top personal equity firms and US federal government bodies.
As the company functions in a selection of sectors, Kaiser consultants are envisioned to be educated across many business and strategy areas. This can be the two beneficial and difficult for personnel.
One insider informed Vault: “Even at the entry-level place, Kaiser gives workers with a terrific offer of obligation, so new hires must be ready to dive headfirst into accomplishing duties and including value to their project groups.”
19. Simon-Kucher & Associates
Boasting workplaces across the globe, this worldwide pricing, gross sales, and advertising and marketing consulting organization helps providers raise financial gain and income by supplying advice on charge-cutting and monetizing items.
Simon-Kucher & Associates is a fantastic company if you’re searching to start a really international career as workers can delight in 6-month rotations at the firm’s numerous destinations. It is no surprise then that the company ranks fifth for international opportunities.
18. Publicis Sapient
An skilled in the electronic consulting subject, Boston native Publicis Sapient reveals no signs of slowing down. Rating fourth for innovation in the 2023 Vault Rankings, workers at the agency can be expecting to knowledge numerous difficulties, varied function, and opportunities to work at the forefront of digital transformation.
Clients involve providers throughout monetary services, the public sector, media, hospitality, and electrical power.
A single insider explained to Vault: “It’s tough to locate a company with much more high-finish digital transformation/approach function exactly where you may be treated and compensated superior.”
17. The Keystone Group
A consulting firm that gives shoppers essential guidance for advancement strategy, M&A, operational enhancement, and far more, is certain to be profitable.
The Keystone Team, which properties headquarters in the Windy Town of Chicago, is a boutique with an bold outlook: to make a distinction. The 40-personnel firm has superior hopes for the upcoming handful of several years, intending to turn out to be a scaled-down mid-measurement business even though upholding the powerful company culture.
The company ranks first for company tradition, which is probably a consequence of its teaching options, breadth of roles, and supportive network of employees. This drive for a good ecosystem goes beyond the confines of the office—Keystone money journeys to develop houses for those people in want and organizes fundraisers for underprivileged young children.
16. Cornerstone Study
If you’re seeking to get the job done in financial and fiscal consulting and have an interest in law, US and Uk-dependent Cornerstone Analysis could be the company to start out your consulting journey.
As a Cornerstone advisor, you could be associated in industrial litigation and regulatory proceedings while performing together with major law companies. As testomony to the demand from customers for the firm’s abilities, personnel can assume generous compensation packages, ranking eighth for payment according to Vault.
If you are looking for a company that doesn’t have to have a prolonged commute, you are in luck—Cornerstone personnel usually perform from home. This doesn’t constantly equal a good get the job done/lifestyle stability, having said that, as a person insider summarized: “Positive operate atmosphere with attention-grabbing initiatives but lengthy hrs.”
15. The Cambridge Team, LLC
Coming in at 15th is boutique system business, The Cambridge Team. The consultancy offers solutions that include things like promoting tactic, pricing, and go-to-current market activation but workforce can get concerned in a wide variety of jobs at the Chicago-centered agency.
For all those searching to make a foray into a little consulting agency without having enduring prolonged hrs and melt away-out, staff responses about the Cambridge Team may perhaps supply some reassurance.
One particular worker explained: “Prestigious clientele, fun, progress-oriented work, terrific tradition…why work for any other company?”
Read: Consulting Salaries For MBA & Master’s Graduates
14. Deloitte Consulting LLP
You’d have to search difficult to locate anyone who wasn’t acquainted with Deloitte. Just one of the Large 4 accounting and skilled companies firms housing expertise in audit, tax, danger, and money advisory, Deloitte is much more than just a sturdy manufacturer title.
In the US by yourself, Deloitte produced just about $28 billion in profits in 2022, with roughly 50 percent of this gained by its consulting enterprise.
There are around 415,000 employees globally so Deloitte is not a company for you if you’re hunting for an intimate work lifestyle. However, the career chances attached to performing for this consulting behemoth can outweigh any possible negatives for bold staff. Just one insider instructed Vault: “The sky is the limit”.
The organization is also escalating its dedication to corporate social duty and sustainability.
13. Roland Berger
The only European native consulting agency with an international existence, Roland Berger operates with the plan that sustainable, economic, environmental, and social transform will have to be resolved on a global scale. Vault notes that the organization is at this time encountering development inside of the US.
In 2008, the business set up the Roland Berger Foundation to advertise human rights and dignity all over the earth. It’s no shock than that the agency champions diversity.
Just one staff suggests there is, “[a} very strong LGBTQ+ community. Lots of effort around growing Women@RB, especially in the US. Firm is VERY diverse when it comes to international backgrounds.”
12. PwC Advisory/Strategy&
A division of Big Four professional services firm, PwC Advisory/Strategy& works with clients to strategize all areas of their business from operations to technology to product and service innovation. The firm defines its corporate responsibility goals as working with clients to align economic growth, social progress and environmental sustainability.
PwC works with 84% of the Fortune Global 500 in 151 countries around the world.
Specializing in pharmaceutical and life sciences consulting, Putnam is a highly recession-proof consulting firm, according to Vault. Headquartered in Boston, the firm also has offices in London, France, and Japan, among others.
Vault also says that employees can expect a thorough on-boarding and training process as well as ample opportunities to secure a promotion.
One employee says of the firm, “the pace of learning through both formal and informal training is one of the best aspects of Putnam. Putnam takes promotions seriously and focuses more on the person’s capabilities rather than just timing.”
10. Alvarez & Marsal
Alvarez & Marsal is known for end-of-life services for failing companies as well as its M&A practice. The firm can be found in more than 70 locations around the world.
According to Vault, Alvarez & Marsal is on an upward spiral having thrived throughout the pandemic.
Despite having a lower base salary than competitors in the industry, employees tell Vault that the bonuses definitely make up for it. “The bonus structure is excellent for employees with high utilization and strong contributions to practice development,” says one insider.
Another also reveals that the salary progression is also very quick from the initial base salary.
9. Analysis Group
Analysis Group specializes in economic and litigation consulting. Some of the services consultants at the firm provide involve quantifying the impact of disease on the economy, or developing corporate strategy. The firm operates across 14 offices across the globe.
Vault describes Analysis Group as a “rare creature in the consulting world: a firm that is all but immune to the vagaries of the business cycle.”
Employees at the firm testify to being stimulated in their work. One says there is, “very diverse work and ability to rapidly advance and take on a range of responsibilities.”
8. L.E.K Consulting
Headquartered in Boston, L.E.K Consulting advises global companies from large private equity firms to startups. The firm also has a pro bono initiative for non-profits and charitable organizations. In 2008, L.E.K also became the first management consulting firm to achieve carbon neutrality in its global operations.
While the firm attempts to promote work-life balance with out-by-six and summer Friday policies, insiders highlight to Vault the struggle of long hours. One employee says, “some days can be brutal. When you’re in the throes of a bad three-day stint, it can be challenging.”
Global management consulting firm, Kearney, specializes in strategic operations, strategic transformation, digitization of legacy processes, rapid earning expansion, and M&A. The mid-sized firm works with more than three-quarters of the Fortune Global 500.
Kearney ensures the strength in its global outlook through its Global Business Policy Council—a board of CEOs and world leaders who meet regularly to discuss economic, social, technological and political issues.
Insiders at the firm also highlight diversity as a high priority. One employee says, there’s “genuine support and investment walking-the-walking in DEI.”
ghSMART consultants specialize in advising private equity investors, CEOs, Boards of Fortune 500 companies, and non-profits. The firms major offices are located in the US, UK, and Germany.
According to Vault, ghSMART consultants are free to live and work from anywhere, setting their own schedules and client engagements.
It’s no surprise then that employees boast a high-level of work life balance. One tells Vault, “at ghSMART, I have complete control over my work: how much I take on, when I do it, and where I sit while doing it.”
Vault also reveals that ghSMART operates a “work more, earn more” policy, allowing consultants to generate commission.
5. The Bridgespan Group
A social sector offshoot of Bain & Company, The Bridgespan Group is dedicated to fighting society’s toughest issues, such as poverty. The firm provides consulting services to non-profits, NGOS, and impact investors.
Whilst compensation is lower than the industry standard, employees at The Bridgespan Group are passionate about their impactful work in the non-profit sector.
One employee tells Vault, it is a “warm, supportive environment where I can apply my consulting toolkit to personally meaning, impact-oriented, mission-driven work.”
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EY-Parthenon is the strategy consulting sector of Big Four professional services firm, Ernst & Young. Among 700 offices worldwide, consultants advise business leaders across multiple sectors from finance to energy to tech.
According to Vault, EY-Parthenon has a more boutique organizational culture than one might expect. Employees highlight the inclusive environment, investment in professional growth, and management transparency.
While the training at the firm is consistent, insiders speak to Vault about the structured promotion opportunities for associates. One shares: “even if you are a top performer…EYP doesn’t really give you much opportunity to be promoted early at that level.”
Another employee says, “At the lower ranks, the vast majority of individuals will get promotes after the same amount of time has elapsed.”
Best Consulting Firms To Work For | Top 3
3. McKinsey & Company
McKinsey & Company is one of the Big Three management consulting firms with a mission to “speed up transition to sustainable and inclusive growth.”
McKinsey’s recently published Social Responsibility Report highlights its $2 billion commitment to social responsibility efforts and to achieving Net Zero by 2030.
According to Vault, employees highly value the firms’ working culture and global partnership. McKinsey doesn’t have a headquarters but operates with a ‘one-firm’ partnership model.
One employee says: “we can work anywhere, meet international friends, and solve global problems like no-one else. Collaboration is expected and incentivized.”
2. Boston Consulting Group
Global Big Three consulting firm Boston Consulting Group works with clients to build sustainable competitive advantage and drive social impact.
The firm has offices in more than 50 countries and works across a wide range of industries from education to technology and finance.
Vault credits BCG with having “everything going for it” and setting the benchmark on industry salaries.
One employee says of the compensation, “BCG has extremely high salaries with clear transparency into market factors driving increase. An average performer can make a considerable amount in bonuses, and the incentives are even greater for a top performer.”
1. Bain & Company
One of the Big Three consulting firms, Bain & Company is committed to making an impact. For 10 years, the firm plans to invest over $1 billion in pro bono services dedicated to tackling crucial challenges in education, racial equality, social justice, economic development, and the environment.
According to Vault, this impact is extended to the firm’s employees through a vast amount of family and wellness benefits, as well as industry-renowned training and development programs.
In 2022, Bain announced an ESG training program alongside top business schools including HEC Paris and MIT Sloan in order to upskill its consultants across the globe and integrate ESG into 100% of client work.
Employee satisfaction is clear. Feedback to Vault refers to the high emphasis on work-life balance, generous compensation, and dedication to career advancement.
Insiders at the firm note, however, that an ongoing area of improvement is in the firm’s diversity and inclusion. One employee told Vault, “Bain is working hard to promote D&I, but given the decentralized nature of the business, success can sometimes be hit-and-miss.”
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This article was written by Shannon Cook & Charlotte Brook