“What are the best management consulting firms?” That is no easy question to answer, because there is no specific metric to decide whether a consulting firm is “good”. However, there are a few common concerns – mostly about career tracks and business outlooks. 

In this article, I’ll be listing the top consulting firms on the most relevant criteria: salary, work-life balance, prestige, and overall ranking. I’ll also touch on industry expertise, revenue and growth in recent years.  

1. Top Consulting Firms – Overview

What are consulting firms?

Consulting firms are businesses that sell professional advice to businesses and organizations, helping them solve problems. They do so through their in-house experts and/or external experts. Some consulting firms might specialize in one or a few industries and functions, or while others are generalist, covering hundreds or thousands of areas.

Categories of top consulting firms

When the phrase “top consulting firms” is heard, almost everyone imagines McKinsey, BCG and Bain – the “Big Three” consulting firms with the highest prestige. However, “top” or “best” are vague terms, and in the shadows of the MBB firms stand many excellent consultancies, both as service providers and employers.

Consulting firms are divided into many groups, according to size, prestige, as well as areas of specialization. Among the top consulting firms, the most notable groups are:

top consulting firms

  • MBB Consulting Firms: MBB stands for McKinsey, BCG and Bain – the three most prestigious consulting firms in the world. Each of these firms charge HUGE amounts for their services, with each project going into the millions of dollars. They hold the highest standards in work quality, and pay the most generous salaries for consultants.
  • Tier 2 Consulting Firms: This group consists of large, global consulting firms, providing services for big clients. The differences between them and MBB firms are the prestige and the price of projects – Tier 2 projects tend to be cheaper, around six-digit numbers. Some famous names in this segment are Accenture, Roland Berger, Oliver Wyman, LEK.
  • Big 4 Consulting Practice: This group consists of the consulting divisions of the Big 4 Accounting Firms – Deloitte, PwC, EY and KPMG (usually with different brand names). These divisions are the largest consulting firms in the world, revenue-wise. Nonetheless, their projects are smaller than MBB, about the same as Tier 2 firms
  • Boutique Consulting Firms: Boutique is a loose term for small, specialized and localized firms, often with an elite status in their target market. These firms often employ less than 500 employees, handling smaller projects than their big generalist cousins. Salaries and benefits vary, but can be competitive with the top firms.

You can click on the name of each group for more detailed insights. 

2. Top Consulting Firms – Vault Consulting Lists

The following lists consist of the best consulting firms to work for in each major region. These lists base their data on surveys of working consultants, who are allowed to rate only their firm on quality-of-life issues, and only other firms on prestige and practice areas. Each list is compiled by Vault, which scores and ranks each consulting firm based on the following factors:

  • 30% – Prestige
  • 15% – Firm Culture
  • 15% – Satisfaction
  • 10% – Compensation
  • 10% – Work/life Balance
  • 10% – Level of Challenge
  • 5% – Overall Business Outlook
  • 5% – Promotion Policies

Best Consulting Firms to Work For – US 2020 – Vault Rankings

Rank

Score

Name

1

9.273

McKinsey & Company

2

9.190

Boston Consulting Group

3

9.158

Bain & Company

4

7.930

Deloitte Consulting LLP

5

7.855

Oliver Wyman

6

7.747

Booz Allen Hamilton

7

7.705

EY-Parthenon

8

7.623

PwC Advisory/Strategy&

9

7.600

Kearney

10

7.595

GE Healthcare Partners

11

7.578

Accenture

12

7.513

Putnam Associates

13

7.401

ClearView Healthcare Partners

14

7.382

KPMG LLP (Advisory)

15

7.351

The Bridgespan Group

16

7.331

Strategy&, Part of the PwC Network

17

7.304

Analysis Group, Inc.

18

7.293

L.E.K. Consulting

19

7.228

The Keystone Group

20

7.122

ghSMART

21

7.098

Insight Sourcing Group

22

7.081

Alvarez & Marsal

23

7.015

Gartner, Inc.

24

7.006

Roland Berger

25

6.953

Cornerstone Research

26

6.886

Health Advances

27

6.866

Ignyte Group

28

6.832

The Brattle Group

29

6.821

Clarkston Consulting

30

6.812

Blue Matter

31

6.811

ScottMadden Management Consultants

32

6.806

Simon-Kucher & Partners

33

6.794

The Chartis Group

34

6.738

ZS

35

6.733

Eagle Hill Consulting

36

6.634

Insigniam

37

6.569

Applied Value

38

6.551

NERA Economic Consulting

39

6.550

StoneTurn

40

6.547

Keystone Strategy

41

6.527

TRINITY

42

6.490

Cicero Group

43

6.490

DayBlink Consulting

44

6.476

LeapPoint

45

6.428

Kenway Consulting

46

6.427

Kaiser Associates

47

6.408

Innosight

48

6.396

AArete

49

6.387

OC&C Strategy Consultants

50

6.379

Pace Harmon

Best Consulting Firms to Work For – Europe 2020 – Vault Rankings

Rank

Score

Name

1

9.099

McKinsey & Company Europe

2

8.841

Bain & Company Europe

3

7.945

Roland Berger Europe

4

7.831

Oliver Wyman Europe

5

7.623

Strategy&, part of the PwC network, Europe

6

7.550

Kearney Europe

7

7.418

OC&C Strategy Consultants Europe

8

7.268

Simon-Kucher & Partners Europe

9

7.251

QVARTZ

10

7.061

Arthur D. Little Europe

11

6.996

Implement Consulting Group

12

6.916

Blue Matter Consulting – Europe

13

6.889

Teneo (Management Consulting)

14

6.848

Frontier Economics Ltd.

15

6.822

HTS Consulting

16

6.816

Charles River Associates Europe

17

6.802

Delta Partners Group

18

6.797

Marakon Europe

19

6.796

Alvarez & Marsal Europe

20

6.664

Mercer Limited Europe

21

6.621

NERA Economic Consulting Europe

22

6.607

Gartner, Inc.

23

6.598

Candesic

24

6.586

L.E.K. Consulting Europe

25

6.583

ZS Europe

Best Consulting Firms to Work For – Asia-Pacific 2020 – Vault Rankings

Rank

Score

Name

1

9.273

McKinsey & Company Asia-Pacific

2

9.190

Bain & Company Asia

3

9.158

Boston Consulting Group Asia

4

7.930

Roland Berger Asia

5

7.855

Oliver Wyman Asia-Pacific

6

7.747

Kearney Asia-Pacific

7

7.705

OC&C Strategy Consultants Asia

8

7.623

Arthur D. Little Asia

9

7.600

Simon-Kucher & Partners Asia-Pacific

10

7.595

ZS Asia-Pacific

11

7.578

Alvarez & Marsal Asia

12

7.513

Gartner, Inc.

13

7.401

Avalon Consulting

14

7.382

Mercer Limited Asia

15

7.351

Incapsulate Asia

Best Boutique Consulting Firms to Work For – US 2020 – Vault Rankings

Rank

Score

Name

1

9.336

ClearView Healthcare Partners

2

9.328

ghSMART

3

9.327

Insight Sourcing Group

4

9.305

Putnam Associates

5

9.136

The Keystone Group

6

9.042

Ignyte Group

7

9.007

Blue Matter

8

8.952

Clarkston Consulting

9

8.927

Health Advances

10

8.918

DeciBio Consulting

11

8.861

ScottMadden Management Consultants

12

8.792

Eagle Hill Consulting

13

8.789

The Bridgespan Group

14

8.696

StoneTurn

15

8.686

The Chartis Group

16

8.591

Applied Value

17

8.526

Cicero Group

18

8.502

DayBlink Consulting

19

8.485

The Cambridge Group

20

8.476

Kenway Consulting

21

8.455

Censeo Consulting Group

22

8.416

LeapPoint

23

8.394

Keystone Strategy

24

8.39

Cornerstone Research

25

8.382

The Poirier Group

3. Top Consulting Firms by Salary, Benefits, and Exit Opportunities

The following lists consist of the best consulting firms in the US on three areas: benefits, compensations, exit opportunities and work-life balance. The firms are scored and ranked by Vault, using surveys of working consultants, who are allowed to rate only their firm.

Best Consulting Firms by Salary (US 2020)

Rank

Score

Name

1

9.571

Boston Consulting Group

2

9.420

Analysis Group, Inc.

3

9.229

McKinsey & Company

4

9.185

Bain & Company

5

9.100

ghSMART

6

9.093

Insight Sourcing Group

7

9.087

ClearView Healthcare Partners

8

9.077

Ignyte Group

9

8.963

DayBlink Consulting

10

8.962

Cornerstone Research

11

8.938

The Keystone Group

12

8.775

Putnam Associates

13

8.759

GE Healthcare Partners

14

8.694

Kenway Consulting

15

8.687

Roland Berger

16

8.578

EY-Parthenon

17

8.571

ScottMadden Management Consultants

18

8.487

Health Advances

19

8.477

Pace Harmon

20

8.408

Alvarez & Marsal

21

8.395

Kearney

22

8.321

Clarkston Consulting

23

8.319

The Brattle Group

24

8.263

Blue Matter

25

8.179

The Bridgespan Group

Best Consulting Firms by Benefits (US 2020)

Rank

Score

Name

1

9.871

Boston Consulting Group

2

9.781

McKinsey & Company

3

9.552

Bain & Company

4

9.519

DayBlink Consulting

5

9.380

Analysis Group, Inc.

6

9.256

Ignyte Group

7

9.169

Putnam Associates

8

9.152

ClearView Healthcare Partners

9

9.000

Insight Sourcing Group

10

8.839

The Brattle Group

11

8.735

Applied Value

12

8.692

Cornerstone Research

13

8.688

The Keystone Group

14

8.672

Roland Berger

15

8.652

The Bridgespan Group

16

8.609

Eagle Hill Consulting

17

8.604

Clarkston Consulting

18

8.586

GE Healthcare Partners

19

8.547

Innosight

20

8.543

ScottMadden Management Consultants

21

8.471

StoneTurn

22

8.389

Kenway Consulting

23

8.375

Keystone Strategy

24

8.330

Kearney

25

8.226

Insigniam

Best Consulting Firms by Exit Opportunities (US 2020)

Rank

Score

Name

1

9.921

McKinsey & Company

2

9.881

Boston Consulting Group

3

9.804

ClearView Healthcare Partners

4

9.730

Bain & Company

5

9.562

Putnam Associates

6

9.366

ghSMART

7

9.028

The Bridgespan Group

8

8.968

EY-Parthenon

9

8.800

Oliver Wyman

10

8.786

Deloitte Consulting LLP

11

8.759

The Chartis Group

12

8.740

Clarkston Consulting

13

8.667

Insight Sourcing Group

14

8.654

Applied Value

15

8.653

L.E.K. Consulting

16

8.633

GE Healthcare Partners

17

8.629

TRINITY

18

8.553

Simon-Kucher & Partners

19

8.550

Kaiser Associates

20

8.543

Pace Harmon

21

8.540

Innosight

22

8.531

The Keystone Group

23

8.513

Ignyte Group

24

8.487

Health Advances

25

8.471

Analysis Group, Inc.

4. Top Consulting Firms by Work/Life Balance

One important dimension of any job is work-life balance. The following list consist of the best consulting firms in the US on work/life balance. The firms are scored and ranked by Vault, using surveys of working consultants, who are allowed to rate only their firm.

Best Consulting Firms by Work/Life Balance (US 2020)

Rank

Score

Name

1

9.587

Insight Sourcing Group

2

9.580

Eagle Hill Consulting

3

9.282

Ignyte Group

4

9.250

ghSMART

5

9.222

Kenway Consulting

6

9.103

Blue Matter

7

9.101

StoneTurn

8

8.981

Bain & Company

9

8.978

ClearView Healthcare Partners

10

8.975

Health Advances

11

8.876

Putnam Associates

12

8.847

McKinsey & Company

13

8.793

Booz Allen Hamilton

14

8.793

Boston Consulting Group

15

8.741

DayBlink Consulting

16

8.677

Insigniam

17

8.656

The Keystone Group

18

8.653

The Bridgespan Group

19

8.596

Clarkston Consulting

20

8.577

ScottMadden Management Consultants

21

8.571

Sia Partners North America

22

8.490

AArete

23

8.468

Jabian Consulting

24

8.463

EVERSANA CONSULTING (formerly Promidian)

25

8.419

GE Healthcare Partners

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5. Top Consulting Firms by Prestige

The following list consists of the most prestigious consulting firms in the US. This list is compiled by Vault using surveys of working consultants, who rank the prestige of consulting firms they know on a scale of 1 to 10. They are not allowed to rank their own firm.

Most Prestigious Consulting Firms (US 2020)

Rank

Score

Name

1

8.984

McKinsey & Company

2

8.738

Boston Consulting Group

3

8.600

Bain & Company

4

7.121

Deloitte Consulting LLP

5

6.751

PwC Advisory/Strategy&

6

6.490

Booz Allen Hamilton

7

6.474

EY (Ernst & Young) LLP Consulting Practice

8

6.445

Accenture

9

6.155

KPMG LLP (Advisory)

10

6.066

Oliver Wyman

11

5.780

IBM Global Services

12

5.756

EY-Parthenon

13

5.749

Kearney

14

5.650

Strategy&, Part of the PwC Network

15

5.472

L.E.K. Consulting

16

5.190

Lockheed Martin Corporation (IT Consulting)

17

4.988

Gartner, Inc.

18

4.719

Grant Thornton LLP (Consulting Practice)

19

4.712

Capgemini

20

4.695

Mercer LLC

21

4.584

Oracle Consulting

22

4.518

GE Healthcare Partners

23

4.472

Northrop Grumman Corporation (IT Consulting)

24

4.347

SAP Services (IT Consulting)

25

4.307

Navigant Consulting, Inc.

26

4.274

Huron

27

4.218

Charles River Associates

28

4.206

Gallup Consulting

29

4.133

FTI Consulting, Inc.

30

4.124

ZS

31

4.113

Roland Berger

32

4.097

Alvarez & Marsal

33

4.066

The Bridgespan Group

34

4.043

AlixPartners, LLP

35

4.013

Willis Towers Watson

36

4.005

Slalom Consulting

37

3.986

Aon Hewitt

38

3.923

BearingPoint NA

39

3.902

Korn Ferry

40

3.796

Cognizant

41

3.742

Raytheon Professional Services

42

3.717

BAE Systems North America

43

3.682

Kurt Salmon

44

3.628

The Advisory Board Company

45

3.592

NERA Economic Consulting

46

3.524

Cornerstone Research

47

3.505

The Brattle Group

48

3.494

Analysis Group, Inc.

49

3.437

Tata Consultancy Services

50

3.398

Arthur D. Little

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6. Top Consulting Firm by Industry

The following lists consist of the best consulting firms in each industry, which is compiled by Vault using surveys of working consultants. Consultants are asked to vote for 3 firms as the best in each industry, but not allowed to rank their own firm. The “%” is the percentage of consultants who vote for that firm as the best in the given industry.

Best Management Consulting Firms (US 2020)

Rank

%

Name

1

68.61

McKinsey & Company

2

58.71

Boston Consulting Group

3

54.02

Bain & Company

4

28.13

Deloitte Consulting LLP

5

14.66

PwC Advisory/Strategy&

6

13.47

Accenture

7

9.65

EY (Ernst & Young) LLP Consulting Practice

8

5.78

Booz Allen Hamilton

9

5.59

KPMG LLP (Advisory)

10

5.04

Oliver Wyman

Best Strategy Consulting Firms (US 2020)

Rank

%

Name

1

79.03

McKinsey & Company

2

71.14

Boston Consulting Group

3

66.26

Bain & Company

4

15.23

Deloitte Consulting LLP

5

9.57

Accenture

6

5.46

Strategy&, Part of the PwC Network

7

4.69

Oliver Wyman

8

4.47

EY (Ernst & Young) LLP Consulting Practice

9

4.10

KPMG LLP (Advisory)

10

3.61

IBM Global Services

Best Financial Consulting Firms (US 2020)

Rank

Score

Name

1

33.04

EY (Ernst & Young) LLP Consulting Practice

2

32.57

Deloitte Consulting LLP

3

32.53

McKinsey & Company

4

31.25

PwC Advisory/Strategy&

5

24.12

Bain & Company

6

21.91

Boston Consulting Group

7

18.87

KPMG LLP (Advisory)

8

14.09

Oliver Wyman

9

10.58

Accenture

10

5.91

Grant Thornton LLP (Consulting Practice)

11

5.14

Booz Allen Hamilton

12

5.06

FTI Consulting, Inc.

13

4.36

Alvarez & Marsal

14

3.89

AlixPartners, LLP

15

3.50

Kearney

16

3.15

L.E.K. Consulting

17

2.22

Charles River Associates

18

1.95

Capco

19

1.83

Mercer LLC

20

1.79

Analysis Group, Inc.

Best Healthcare Consulting Firms (US 2020)

Rank

Score

Name

1

34.47

McKinsey & Company

2

25.89

Boston Consulting Group

3

15.75

Deloitte Consulting LLP

4

15.66

Bain & Company

5

15.62

GE Healthcare Partners

6

12.74

Huron

7

12.74

ZS

8

10.82

ClearView Healthcare Partners

9

10.59

PwC Advisory/Strategy&

10

10.55

L.E.K. Consulting

11

9.86

Accenture

12

9.41

IQVIA (formerly IMS Consulting Group)

13

9.36

Kaiser Associates

14

7.81

Navigant Consulting, Inc.

15

6.71

The Advisory Board Company

16

5.84

Oliver Wyman

17

4.98

Putnam Associates

18

4.93

Mercer LLC

19

4.47

EY (Ernst & Young) LLP Consulting Practice

20

4.47

Health Advances

Best IT Consulting Firms (Operations) (US 2020)

Rank

%

Name

1

45.04

Accenture

2

31.29

Deloitte Consulting LLP

3

29.57

IBM Global Services

4

13.70

PwC Advisory/Strategy&

5

10.75

Capgemini

6

9.35

Oracle Consulting

7

8.91

SAP Services (IT Consulting)

8

8.30

McKinsey & Company

9

7.80

Cognizant

10

7.57

Infosys Ltd.

11

7.18

Tata Consultancy Services

12

6.57

Lockheed Martin Corporation (IT Consulting)

13

5.96

Boston Consulting Group

14

5.40

Bain & Company

15

5.35

KPMG LLP (Advisory)

16

4.45

General Dynamics Information Technology

17

4.34

Booz Allen Hamilton

18

4.12

HP Enterprise

19

3.95

Slalom Consulting

20

3.73

Northrop Grumman Corporation (IT Consulting)

Best IT Consulting Firms (Strategy) (US 2020)

Rank

%

Name

1

44.89

Accenture

2

31.93

Deloitte Consulting LLP

3

27.92

IBM Global Services

4

19.51

McKinsey & Company

5

13.94

PwC Advisory/Strategy&

6

11.98

Boston Consulting Group

7

8.36

Capgemini

8

7.87

Oracle Consulting

9

7.82

Bain & Company

10

7.63

Gartner, Inc.

11

6.80

SAP Services (IT Consulting)

12

5.62

Booz Allen Hamilton

13

5.62

Cognizant

14

5.33

Lockheed Martin Corporation (IT Consulting)

15

4.74

Tata Consultancy Services

16

4.30

KPMG LLP (Advisory)

17

4.01

Infosys Ltd.

18

3.57

SAIC (IT Consulting)

19

3.52

Northrop Grumman Corporation (IT Consulting)

20

3.42

Slalom Consulting

Best Technology/Media/Telecommunications Consulting Firms (US 2020)

Rank

%

Name

1

34.41

McKinsey & Company

2

26.83

Boston Consulting Group

3

24.04

Accenture

4

23.98

Deloitte Consulting LLP

5

23.27

Bain & Company

6

15.81

IBM Global Services

7

15.29

PwC Advisory/Strategy&

8

6.22

EY (Ernst & Young) LLP Consulting Practice

9

6.03

Oracle Consulting

10

5.64

Lockheed Martin Corporation (IT Consulting)

11

5.31

Capgemini

12

5.18

Booz Allen Hamilton

13

5.12

Gartner, Inc.

14

4.80

KPMG LLP (Advisory)

15

4.41

SAP Services (IT Consulting)

16

3.69

HP Enterprise

17

3.63

SAIC (IT Consulting)

18

3.56

BAE Systems North America

19

3.43

Cognizant

20

3.18

Kearney

7. Largest Consulting Firms by Revenue

The following lists consist of the largest consulting firms in 2017, 2018 and 2019, measured by consulting revenue (revenue from other areas of business – such as auditing, accounting or other professional services is not counted). 

Due to variations in methodology and definitions, data from different sources may yield different listings.

Largest Consulting Firms by Revenue (Global 2017-2018 – Gartner Inc.)

Consulting
Firm
Name

2017
Revenue
($M)

2018
Revenue
($M)

2017
Market Share (%)

2018
Market Share (%)

Revenue
Growth (%)

Deloitte

18,029

20,472

10.5

10.9

12.5

PwC

17,812

19,084

10.4

10.1

6.2

EY

15,813

17,519

9.2

9.3

10.1

KPMG

12,216

13,344

7.1

7.1

7.5

Accenture

9,119

10,430

5.3

5.5

13.3

McKinsey

8,595

9,234

5.0

4.9

6.8

BCG

5,415

6,413

3.2

3.4

17.5

IBM

3,321

3,560

1.9

1.9

6.5

Bain

3,247

3,523

1.9

1.9

8.5

Booz Allen Hamilton

2,631

2,926

1.5

1.6

11.2

Average

9,620

10,651

5.6

5.7

10.0

Total

96,198

106,505

56.0

56.6

Largest Consulting Firms by Revenue (Global 2017-2018 – Gartner Inc.)

Consulting
Firm
Name

2017
Revenue
($M)

2018
Revenue
($M)

Revenue
Growth (%)

Deloitte

18,029

20,472

12.5

PwC

17,812

19,084

6.2

EY

15,813

17,519

10.1

KPMG

12,216

13,344

7.5

Accenture

9,119

10,430

13.3

McKinsey

8,595

9,234

6.8

BCG

5,415

6,413

17.5

IBM

3,321

3,560

6.5

Bain

3,247

3,523

8.5

Booz Allen Hamilton

2,631

2,926

11.2

Average

9,620

10,651

10.0

Total

96,198

106,505

Largest Consulting Firms by Revenue (Global 2019 – Consulting.com)

Rank

Firm

Consulting Revenue

1

Accenture Consulting

$17,310,000,000

2

Capgemini Consulting

$15,460,000,000

3

Tata Consultancy Services

$14,930,000,000

4

Cognizant Technology Solutions

$14,810,000,000

5

Deloitte Consulting

$13,350,000,000

6

PricewaterhouseCoopers Advisory

$12,253,000,000

7

Cisco Systems Consulting

$12,000,000,000

8

Ernst & Young Advisory

$11,600,000,000

9

Infosys Consulting

$10,210,000,000

10

KPMG Advisory

$10,180,000,000

11

McKinsey & Company

$8,800,000,000

12

CGI Group

$8,500,000,000

13

HP Enterprise Technology Services

$7,882,000,000

14

The Boston Consulting Group, Inc.

$6,300,000,000

15

Booz Allen Hamilton

$6,100,000,000

16

Mercer LLC

$4,300,000,000

17

IBM Global Services

$4,200,000,000

18

Bain & Company

$3,870,000,000

19

SAP Services Consulting

$3,566,000,000

20

Oracle Consulting

$3,358,000,000

21

Gartner, Inc.

$3,300,000,000

22

Altran

$2,813,000,000

23

Oliver Wyman

$2,000,000,000

24

Aon Hewitt

$1,800,000,000

25

FTI Consulting, Inc.

$1,800,000,000

26

Grant Thornton

$1,700,000,000

27

BDO Consulting

$1,410,000,000

28

A.T. Kearney

$1,400,000,000

29

Sapient Corporation

$1,305,000,000

30

Strategy&, part of the PwC network

$1,300,000,000

31

Hitachi Consulting

$1,300,000,000

32

ICF International

$1,190,000,000

33

Navigant Consulting, Inc.

$1,000,000,000

34

AlixPartners, LLP

$1,000,000,000

35

Slalom Consulting

$1,000,000,000

36

Protiviti

$816,000,000

37

Huron

$797,700,000

38

The Advisory Board Company

$781,800,000

39

Bearingpoint

$767,000,000

40

Alvarez & Marsal

$600,000,000

41

Berkeley Research Group, LLC

$600,000,000

42

PA Consulting Group

$556,000,000

43

ZS

$525,000,000

44

L.E.K. Consulting

$500,000,000

45

Perficient

$487,000,000

46

Simon-Kucher & Partners

$311,000,000

47

Arthur D. Little

$239,200,000

48

Analysis Group, Inc.

$200,000,000

49

Horváth & Partners

$162,000,000

50

West Monroe Partners

$160,000,000

8. Which firm should I choose?

The choice of firm should depend on what you want out of a consulting career. Most people approach a consulting career in two ways: the short-term “three-years-then-out” and the long-term consultant.

  • In short terms, for building your professional portfolio and network, consulting is a no-brainer – that is, if you can get in. For this approach, MBB firms are undoubtedly the best options, firstly for the prestige, and secondly for the excellent learning and networking environment. Next down the line are Tier 2 and Big 4 groups, then the boutique firms.
  • In long terms, however, it ultimately boils down to your skill set and preferences. Working at large firms such as MBB can be extremely stressful, but they offer better salaries and benefits. Smaller boutiques offer less, but allow you to preserve some work-life balance and sanity.

Either way, consulting firms are highly selective about their candidates; at MBB firms, the acceptance rate is even lower than 1%; even the small boutiques need to keep their standards up to maintain their work quality and reputation.

You can start your prep process and enhance your chance at these top firms by subscribing to our newsletter, our Youtube channel, and read other articles on this website on specific consulting firms, resume writing, test preperation, and case interviews.

At MConsultingPrep, we believe anyone can make it to consulting! 

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