Top Tier Management Consulting Firms in 2012
Vault.com ranked consulting firms in 2012 using a formula based on candidates’ criteria in applying for a consulting job. 25% was surprisingly allotted for culture and another 25% for work-life balance. Prestige and compensation had 20% each while the rest was apportioned for other factors.
Below are the top seven management consulting firms, based on their results.
Top 1: Bain & Company
With 48 offices in 31 countries, Bain has maintained its first rank. Its management consultants are known for their expertise in different industries, such as airline and transportation, private equity and consumer products. They approach cases in a very concise approach: shared ambition, true results. They put themselves in the shoes of their clients to understand the business scenario like how owners would. Then they come up with pragmatic and actionable solutions.
Top 2: McKinsey & Company
The history of this global management consulting firm dates back in 1926, when James O. McKinsey founded it. After almost nine decades, McKinsey has established about 90 offices in more than 50 countries. It is proud of its level-headed consultants coming from diverse backgrounds. The firm believes in helping clients reach their maximum potential and in guiding them to solutions with lasting benefits.
Top 3: The Boston Consulting Group (BCG)
The firm moved one rank lower this year with only .038 score difference from McKinsey. It employs an estimate of 4,800 management consultants in 48 countries. Their common denominator is their belief that teamwork will help them generate effective, practical results. The firm values their employees and treats them as their biggest asset. Their training includes soft skills to communicate and get along well with each other.
Top 4: Deloitte Consulting LLP
This is a hybrid firm with consulting as one of their business areas. From rank 6 last year, its popularity has pushed its rank to number 4 this year. Its clients are pleased with their ability to implement the ideas they present. Its management consultants are highly capable of analyzing problems related to human capital, strategy, operations and technology and of crafting solutions according to identified needs.
Top 5: Monitor Group
This multinational firm have gone a long way – from rank 25 last year to the 5th slot this year. The consultants assigned to 27 offices around the globe specialize in strategy consultation, but they also excel in other areas. Their main goal is the growth of organizations. This includes identifying opportunities for improvement and the barriers to these opportunities.
Top 6: A.T. Kearney
From rank 8 last year, the firm moved two steps upwards this year. This is a clear indicator that the commitment to client satisfaction of its founder, Andrew Thomas Kearney, has continued to shine through its consultants. They hold on to success through collaboration, diversity of expertise and intellectual integrity. Currently, the firm has 57 satellites in 39 countries.
Top 7: Oliver Wyman
Founded in 1984, this management consulting firm has maintained its 7th rank. Founded in 1984, the firm has more than 50 offices in 25 countries. The consultants are adept in strategy, organization transformation, risk management and operations. They employ proven methodologies and tools to deliver excellent results. They also value collaboration and unconventional thinking.
If you want to know how to ace the consulting recruitment process and land a consulting job, download this guide on management consulting. It gives an overview of the challenges you need to undergo to get through successfully – from preparation of job application to acing case interviews.