Vault.com, the career website, has released a list of top 10 consulting firms to work for in Asia Pacific. The ranking was based from a survey to consultants who are currently employed at different firms in the industry.
In choosing an employer, there are many factors that come into play. To properly reflect a firm’s status as an employer, Vault’s list is based on the following weighted formula: 30% prestige, 15% satisfaction, 15% firm culture, 15% compensation, 10% work-life balance, 10% overall business outlook, and 5% promotion policies.
Also, the survey participants were only allowed to rate their own firm when it comes to rating quality of life issues. But for prestige and practice area categories, consultants were only allowed to rate their competitors.
And the results are in. The top 10 consulting firms to work for in 2014, particularly in Asia Pacific are:
#1: McKinsey & Company Asia
Claiming the number one spot is McKinsey & Company Asia. This reputable company was in second place last year. And while they don’t name names of their clients, the firm claims to serve more than 80% of Fortune’s Most Admired Companies list. In terms of specialties, the firm serves a wide range of industrial sectors, from commodities and natural resources to entertainment and high technology.
Being deemed as the number one consulting firm to work for, they are known to set the toughest selection criteria. In fact as of September 2013, they receive around 225,000 job applications annually, but only one percent of these are lucky enough to make it.
#2: Bain & Company Asia
Sliding down to the second spot is last year’s top pick, Bain & Company Asia. The world-renowned firm has 50 offices across 32 different countries. And since the firm was founded in 1973, it remains to be one of the leading consultancies in the world. The firm claims that their sales and marketing cases deliver on average more than 25% revenue growth.
In a Financial Times interview, Bain partner Bill Neuenfeldt, talked about the qualities they want for their next consultants to have, which are “intelligence, integrity, passion and the ambition to make a difference.”
#3: Crescendo Partners
Getting the third spot is Crescendo Partners, a Sydney-based boutique consulting. The firm’s clients are mostly located in Australia and South East Asia, but they operate worldwide, performing assignments in over 40 countries across continents such as Russia, South America, Africa, mainland Europe and the US. They offer services to large and mid-size corporations, and private equity firms.
#4: Booz & Company Asia
Also going down a notch is Booz & Company Asia. The company was founded in 1914 by Edwin Booz, and is known to be one of the oldest consultancies in the world. In 1950s, Time Magazine dubbed this reputable firm as “the world’s largest, most prestigious management consulting firm”. This consultancy holds expertise in many different industries including automotive, chemicals, consumer, energy and utilities, financial services, health, media and entertainment, oil and gas, transportation and others.
#5: Oliver Wyman Asia
Oliver Wyman Asia grabbed the fifth spot as the best consultancies to work for in Asia Pacific. It offers services to numerous Global 1000 companies, and also to more than 80% of the world’s largest 100 financial institutions of Fortune 1000 companies. The renowned firm advises a vast range of sectors including automotive, aviation, aerospace and defense, communications, financial services, industrial products and services, health and life sciences, retail and consumer products, and transportation.
#6: A.T. Kearney Asia-Pacific
A.T. Kearney Asia-Pacific is another well-established firm that has a proven global reach. It now operates offices in 40 countries across continents. Aside from providing advice and assistance to implementation, A.T. Kearney uses its expertise to produce plenty of varied studies each year.
#7: Alvarez & Marsal Asia
Alvarez & Marsal was founded in 1983, and is known as a global professional services provider. Its client list includes AmLaw 100 and Fortune Global 500, and largest U.S. banks. The firm operates 41 offices in 17 different countries in Asia, North America, Europe, and Latin America.
#8: L.E.K. Consulting Asia
This strategy consulting firm was founded in 1983. Today it operates 22 offices around the globe. They cater global companies from Fortune 500 members, as well as small businesses. In the Asia-Pacific region, L.E.K. first opened in Australia in 1987. Their newest office was opened in 2013 in Seoul.
#9: OC&C Strategy Consultants Asia
OC&C takes pride in one business area, which their expertise in consumer goods. The reputable firm has also recently made studies on retail brand development, strategic implementation and internalization strategies.
#10: Roland Berger Strategy Consultants Asia
This world-renowned firm is the largest consulting firm to have emerged from Europe. Out of their 51 offices worldwide, 26 are located in Europe. Within Asia, they maintain 11 offices, including the ones in Greater China, India, Indonesia, Japan, Malaysia, Singapore and South Korea. Since the company’s first project in China in the early 1980s, the firm continues to grow in the Asia Pacific.