Top Consulting Firms for Strategy (2025)

In this article, we will provide you lists of the top management consulting firms in the practice area of strategy. Overall, MBB firms dominated the ranking lists in this practice area.

Read more about the top management consulting firms in general and by practice: Top Management Consulting Firms (2025)

Methodology

Definition

What is strategy consulting?

Strategy consulting involves providing organizations with expert advice to achieve specific business goals. Strategy consultants work with senior leaders to analyze challenges, identify opportunities, and develop actionable strategies for growth and improvement.

Some of the services that strategy consulting firms offer are corporate strategy & growth, business strategy, business transformation, transaction advisory, cost & productivity reinvention, ect.

Sources of data

In this article, we use two sources for the rankings - Vault.com and Consultancy.org.

First, you’ll find a list of management consulting firms ranked globally in strategy consulting. This ranking is based on data from Consultancy.org.

Next, we present lists of top management consulting firms in strategy consulting ranked by region. These lists use data from Vault.com.

You can find links to the original sources under each ranking list for further reading.

MConsultingPrep’s database

MConsultingPrep Team have compiled data from the sources above into structured data sheets. In this article, we use those sheets to analyze the rankings and draw comparisons.

You can access the full database here: 2025 Ranking Database of Management Consulting Firms | MConsultingPrep 

Top Strategy consulting firms in the world (2025) (Consultancy.org) 

Methodology:

The top Strategy consulting firms in the world list presents the globe’s leading consultancy firms specialised in Strategy, based on Consultancy.org’s unique global database of more than 10 million data points per year of clients and consultants, including expertise and consultancy projects delivered in the area of Strategy.

Full ranking list:

Original article: Top Strategy consulting firms in the world 

Key observations from Consultancy.org - 2025 Top Strategy consulting firms in the world

In the Consultancy’s global expertise list above, all firms from MBB, Big Four, and Accenture were listed within the top 10.

MBB secured the top 3 positions, with a mean position of #2. McKinsey held the #1 spot.

Accenture ranked just below MBB and above the Big Four, at #5.

The Big Four’s rankings ranged from #6 to #10, with a mean position of #8.25.

Top Strategy consulting firms in North America (2025) (Vault.com)

Methodology:

Vault asked consultants to rank the best firms in several areas of business focus. Consultants were allowed to vote for up to three firms as the best in each area, but could NOT vote for their own firm.

Full ranking list:

Original article: Best Strategy Consulting Firms - Vault 

Top Strategy consulting firms in Europe, the Middle East and Africa (2025) (Vault.com) 

Methodology:

Vault asked consultants to rank the best firms in several areas of business focus. Consultants were allowed to vote for up to three firms as the best in each area, but could NOT vote for their own firm.

Full ranking list: 

Original article: Best Consulting Firms in EMEA in Each Practice Area 

Top Strategy consulting firms in Asia - Pacific (2025) (Vault.com)

Methodology:

Vault asked consultants to rank the best firms in several areas of business focus. Consultants were allowed to vote for up to three firms as the best in each area, but could NOT vote for their own firm.

Full ranking list:

Original article: Best Strategy Consulting Firms in Asia-Pacific - Vault 

Key observations from Vault.com - 2025 Best strategy consulting firms by region

MBB vs. Big Four: What are the overall ranking differences?

Overall performance:

Overall, MBB firms dominated these three Vault’s strategy lists. Whereas, Big Four firms ranked lower but not right behind MBB.

MBB’s mean positions across all three lists were consistently #2, while these of Big Four firms ranged from #7.5 to #10.5.

Top #1 position:

MBB firms took the #1 spot in all Vault’s lists. In contrast, none of the Big Four firms reached the top position in any list.

Top 5 rankings:

All three MBB firms consistently appeared in the top 5 across all three lists, while none of the lists that Big Four had their firms within the top 5. 

Top 10 rankings: 

Since MBB firms were always in the top 5, they were also in the top 10 in all lists. Meanwhile, the Big Four had all four firms in the top 10 in only one out of three lists.

A closer look at the MBB firms

MBB firms consistently held the top positions across all three lists.

McKinsey were always at #1, BCG were always at #2, and Bain always at #3 in every list.

A closer look at the Big Four firms

Deloitte led Big Four firms in one out of three lists. In the remaining ones, it came in second. Deloitte’s best position was #4, the worst was #10. Its mean position was #6.67.

PwC also led the Big Four firms in one list. Its best position was #6, the worst was also #10 and the mean position was #7.33.

KPMG led Big Four firms in one list as well. In the remaining lists, it placed third or fourth among the group. Its best position was #4, the worst was #14 with the mean position of #9.33.

EY was the only firm that didn’t lead the group in any lists. It usually ranked lowest among the Big Four, only outperforming KPMG in the EMEA list to place third. EY’s best position was #10, the worst was #12 with the mean position of #11.

A closer look at Accenture

Accenture consistently ranked within the range of the Big Four firms.  Its positions varying from a high of #5 to a low of #9, and a mean position of #7.

Something you should notice…

Don't rely solely on ranking lists

Although the ranking lists above were made by reputable teams with a wide range of data, they don’t always offer the best insights for deciding where you should work. These rankings are often based on the personal preferences of consultants, without a relative or contextual perspective. What one person sees as a strength, another might see as a weakness. 

In that sense, the rankings can be quite subjective.

In addition, overall rankings often lacked nuances. They don’t reflect the specific factors that might matter most to you. That’s why it’s important to look beyond the list.

Key nuances to consider when choosing a workplace

Choosing a company to work for is not about finding the "best" one in general, but about finding the one that fits you best.

Here are some important factors to consider when making your decision:

• Salary, bonuses and other benefits

• Firm culture

• Work - life balance

• Firm's prestige

• etc.

These aspects will have a direct impact on your day-to-day experience, so think carefully about what matters most to you.

We'll be publishing blog posts that dive deeper into these factors for different consulting firms soon. Stay tuned!

Ask consultants for review

One of the most practical ways to identify if that firm is truly the right fit is to directly ask consultants for review. Experiences can vary between firms, and even between different offices of the same firm.

That’s why you should reach out to at least three consultants working in the specific offices you want to apply for. Their perspective will provide you with the most reliable and relevant information to help you make your decisions.

 

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