{"id":799,"date":"2012-12-25T13:44:42","date_gmt":"2012-12-25T13:44:42","guid":{"rendered":"https:\/\/www.consultingfact.com\/?p=799"},"modified":"2018-10-24T13:45:36","modified_gmt":"2018-10-24T13:45:36","slug":"top-management-consulting-firms-in-2013","status":"publish","type":"post","link":"https:\/\/www.consultingfact.com\/blog\/top-management-consulting-firms-in-2013\/","title":{"rendered":"Top Management Consulting Firms in 2013"},"content":{"rendered":"

\"Management<\/p>\n

Each year, Vault asks consultants from prestigious firms to answer a survey. Then ratings are collated and management consulting firms are ranked based on a weighted formula. Below is an analysis of the top management consulting firms in 2013.<\/p>\n

Overall Ranking<\/h2>\n

The Big Three remains on top of the list in this order \u2013 Bain, McKinsey and Boston Consulting Group<\/a>. Booz rises to the fourth rank. This is considered a major accomplishment since it was in 10th<\/sup> and 16th<\/sup> places in 2012 and 2011, respectively. \u00a0Deloitte takes one step lower \u2013 from 4th<\/sup> to 5th<\/sup> rank.<\/p>\n

Two new consulting firms that showed progress this year are PricewaterhouseCoopers LLP and Censeo Consulting Group. The former currently grabs the 8th<\/sup> place (from 12th<\/sup> last year) and the latter occupies the 10th<\/sup> rank (from 16th<\/sup> last year). LEK Consulting wasn\u2019t able to make it to top 10 but its increase in rank \u2013 from 26th<\/sup> to 12th<\/sup> \u2013 indicates a positive change.<\/p>\n

Prestigious Management Consulting Firms in 2013<\/h2>\n

Prestige of firms was also evaluated based on gathered ratings. Respondents were asked to rate firms, except the one they are working for.\u00a0Results say nothing has changed in the top 6 firms, which are the following:<\/p>\n

    \n
  1. McKinsey & Co.<\/li>\n
  2. The Boston Consulting Group, Inc.<\/li>\n
  3. Bain & Co.<\/li>\n
  4. Booz & Co.<\/li>\n
  5. Deloitte Consulting LLP<\/li>\n
  6. PricewaterhouseCoopers LLP<\/li>\n<\/ol>\n

    Ernst & Young LLP, Accenture and Monitor Group still made it to top 10 with slight rank changes. Oliver Wyman rose to 10th<\/sup> rank (from 12th<\/sup> last year), but Mercer LLC\u2019s status went 4 steps lower (from 9th<\/sup> to 13th<\/sup>).<\/p>\n

    Best Management Consulting Firms in 2013 \u2013 Practice Areas<\/h2>\n

    Respondents were asked to name three firms that perform well for every business focus. They were not allowed to include the firm in which they are connected. Below are the results:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
    Practice Areas<\/td>\nTop 3 Firms<\/td>\n<\/tr>\n
    Economic Consulting<\/td>\n\n
      \n
    1. NERA Economic Consulting<\/li>\n
    2. McKinsey & Company<\/li>\n
    3. Cornerstone Research<\/li>\n<\/ol>\n<\/td>\n<\/tr>\n
    Energy Consulting<\/td>\n\n
      \n
    1. McKinsey & Company<\/li>\n
    2. The Boston Consulting Group, Inc.<\/li>\n
    3. Bain & Company<\/li>\n<\/ol>\n<\/td>\n<\/tr>\n
    Financial Consulting<\/td>\n\n
      \n
    1. McKinsey & Company<\/li>\n
    2. Ernst & Young LLP (Consulting Practice)<\/li>\n
    3. Deloitte Consulting LLP<\/li>\n<\/ol>\n<\/td>\n<\/tr>\n
    Human Resources Consulting<\/td>\n\n
      \n
    1. Mercer LLC<\/li>\n
    2. Towers Watson<\/li>\n
    3. Aon Hewitt<\/li>\n<\/ol>\n<\/td>\n<\/tr>\n
    Management Consulting<\/td>\n\n
      \n
    1. McKinsey & Company<\/a><\/li>\n
    2. Bain & Company<\/a><\/li>\n
    3. The Boston Consulting Group, Inc.<\/li>\n<\/ol>\n<\/td>\n<\/tr>\n
    Operations Consulting<\/td>\n\n
      \n
    1. Accenture<\/li>\n
    2. Deloitte Consulting LLP<\/li>\n
    3. McKinsey & Company<\/li>\n<\/ol>\n<\/td>\n<\/tr>\n
    Public Sector Consulting<\/td>\n\n
      \n
    1. Booz Allen Hamilton<\/li>\n
    2. McKinsey & Company<\/li>\n
    3. Deloitte Consulting LLP<\/li>\n<\/ol>\n<\/td>\n<\/tr>\n
    Strategy Consulting<\/td>\n\n
      \n
    1. McKinsey & Company<\/li>\n
    2. Bain & Company<\/li>\n
    3. The Boston Consulting Group, Inc.<\/li>\n<\/ol>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

      The results above say that except for Human Resources Consulting, McKinsey consistently belongs to top 3 firms. However, it failed to grab the 1st<\/sup> rank in the overall ranking because the respondents were more satisfied with other companies in terms of:<\/p>\n

        \n
      1. Work-life Balance<\/li>\n
      2. Compensation<\/li>\n
      3. Firm Culture<\/li>\n<\/ol>\n

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