The Management Consulting industry is considered to be the most prestigious, and McKinsey & Company is the largest and leading in revenue, followed by Boston Consulting Group and Bain & Company. These three firms are also known as the big three consulting firms, or MBB (McKinsey, BCG and Bain). If you're interested in a career in business, you may have thought about applying for a consulting position in one of them. McKinsey & Company was founded in 1926 by James O.
McKinsey, however, it underwent an important transition thanks to the leadership of Marvin Bower, who established the McKinsey principles for which it is known today. MBB's big three refer to the largest strategic consulting firms by revenue: McKinsey, The Boston Consulting Group and Bain & Company. Henderson quickly grew to become one of the most influential management consulting firms, constantly expanding its functional and industrial expertise. The program should allow your consultants to get a better idea of control and achievements, as well as reduce their working hours.
Consulting firms continue to hire more than 30% of MBA graduates on a consistent basis at several M7 business schools and other major business schools. Compared to the other two strategic consulting firms, McKinsey has the highest spending on research thanks to its internal knowledge development efforts, as well as its external arm, the McKinsey Global Institute. In fact, Bain was the first of the three major companies to consult public investment funds and supported more than half of the largest purchasing transactions in the last two years. Boutique consulting firms are those that offer a limited number of services to a relatively local customer base.
Most candidates who hire for management consulting choose MBB as their best option and expect to get only one offer from the three big consulting firms. So, which is the best big 3 consulting firm? It depends on what you are optimizing for. If strategic consulting isn't your goal, then another consultancy other than MBB might be a better fit for you. Now that you know the top 50 consulting firms, let's look at the various services offered by consulting firms and their ranking.
Finally, if you're considering consulting as a way of doing business, your primary focus is probably which company will offer you the best exit opportunities.