When it comes to the most prestigious management consulting firms, the Big Three, or MBB, are the ones that come to mind. This acronym stands for McKinsey, BCG and Bain, and these three companies are the most sought-after in the industry. Boston Consulting Group (BCG) is the second largest consulting firm by revenue and is consistently ranked highly among the top consulting firms. The company's global teams bring a wealth of industrial and functional expertise to organizations, helping them grow, create a competitive advantage and drive positive social change.
BCG has a specific purpose to achieve a lasting impact for its employees, customers and society. Accenture is another major player in the consulting world. It works at the intersection of business and technology to help customers improve performance and create sustainable value for stakeholders. The company has a “culture of cultures”, where its people feel a sense of belonging and can give their best professional and personal best.
This inclusive workplace means that people can engage in honest and open dialogue on difficult topics such as prejudice and inclusion without judgment or professional limitation. Booz Allen Hamilton is one of the best-known firms in public procurement. It has extensive experience in everything from digital transformation to cutting-edge cybersecurity. With nearly 30,000 employees, there are plenty of opportunities at this company, but it can be easy to get lost in the shuffle. Those with existing security clearances have an advantage in the hiring process, while it is also a popular destination for current and former members of the military. The Big Three or MBB are considered to be the most prestigious Management Consulting firms to work for.
In terms of employees and revenues, McKinsey is the largest, followed by Boston Consulting Group and Bain & Company. McKinsey is a leading research consulting firm that provides expert advice and tools to leaders in IT, finance, human resources, customer service and support, legal and compliance, marketing, sales and supply chain functions worldwide. Consultants typically spend two to three years in each role, with a career scale that spans six roles from business analyst to partner. This release was compiled by surveying 7,500 management consulting partners and executives as well as approximately 1,300 senior executives who worked with these firms over the past four years. Its interdisciplinary teams and multi-sector projects allow consultants to gain valuable exposure quickly. A consulting or consulting firm is a service-providing company comprised of a panel of experts or consultants who offer professional advice to a person or organization at a specific cost or rate.
Good communication, interpersonal, analytical and critical thinking skills, strong time management skills, organizational skills are all essential for success as a consultant. Below is a list of the top consulting firms evaluated for their performance in several different categories: Deloitte's strategy and analysis arm (formerly called Strategy & Operations) is essentially its management consulting arm while its other areas of practice have less to do with overall corporate strategy. IBM services and consulting span the gamut from AI and automation to big data, network and cloud services and more. Both Bain & Company and Deloitte Consulting appear in all 32 categories but the latter earned the most five-star ratings. Overtime is considered optional unlike many other companies but the most successful consultants generally seek them out on a regular basis. Oracle Consulting is a member firm of the multinational Oracle Corporation one of the largest hardware and software providers in the world. Cornerstone Research occupies a rare niche in the consulting world as a firm specializing in economic and financial analysis for law firm clients.
Ernst & Young's consulting business is known for its services similar to those provided by other consulting firms. Long days are standard at this consultancy but management has become proactive in discouraging weekend work.