What Are The Big 5 Consulting Firms?

What are the top 5 consulting firms?

Vault’s Top Five Consulting Firms for TMT Consulting are: McKinsey & Company.

Boston Consulting Group….The Top 10 Consulting Firms in North America, based on Vault’s annual survey, are:Deloitte Consulting LLP.Oliver Wyman.Booz Allen Hamilton.EY-Parthenon.PwC Advisory Services.A.T.

GE Healthcare Partners.More items…•.

Is it hard to get a consulting job?

Consulting is the most popular career path for MBA students, and consulting jobs are extremely competitive. This means there are a lot of very hard-working people competing to get some very prestigious jobs. The biggest problem is that most candidates are working very hard to get a job they know almost nothing about.

Is consulting prestigious?

Management Consulting is generally considered prestigious (Lets define “Prestigious” as what MBA schools like the most).

How prestigious is Deloitte?

Deloitte is not “prestigious.” … In US there are a range of consulting firms that are second tier to MBB, such as, LEK, ATK, Accenture and the big 4 accounting firm’s consulting arm (PwC (Strategy&), Deloitte, E&Y and KPMG).

Is Accenture a top consulting firm?

Gallery: America’s Best Management Consulting Firms 2019. Bain & Company and Deloitte tied for the title of most-recommended consultancy yet again, each earning nods in all 32 sectors and functional areas, but it was Accenture that won the most five-star ratings, garnering 20 in addition to 11 four-star ratings.

Which is better BCG or McKinsey?

BCG has a more analytical focus, McKinsey is more focused on structure and story. At both firms, I felt that that the quality of the work was incredibly high. However, there is a dramatic difference in what people focus on in the day to day work.

Who are the big 4 in consulting?

What is the Big 4?Deloitte Touche Tohmatsu Limited (Deloitte)PricewaterhouseCooper’s (PwC)Ernst & Young Consulting (EY)KPMG.

Who is the world’s highest paid consultant?

To do that, I went to one of the most successful consultants in the world. In fact, if you google “helping successful leaders,” you’ll notice something strange. Virtually all of the 3,530 search results point to one person: Dr. Marshall Goldsmith.

Do consultants make a lot of money?

First-year consultants with a Bachelor’s degree at most major firms (often referred to as “associate consultants”) can typically expect to earn between $60,000 and $90,000. For a select number of firms, the salary can approach $100,000. This figure includes base salary, signing bonus, and relocation expenses.

Are consultants smart?

Top consultancies (I work for OW) have internal processes that clearly reward intelligence (among other traits, such as communication, collaboration, client orientation, values, etc) from recruiting to promotion, so you can expect the average consultant is relatively smart.

Why is McKinsey so prestigious?

McKinsey’s biggest improvements stem from work requirements and culture. … Overall, McKinsey’s best performance came in Exit Opportunities (9.920), Business Outlook (9.868), Selectivity (9.839), Benefits (9.837), and International Opportunities (9.817).

Is McKinsey a big 4?

McKinsey vs BCG vs Bain vs Big 4 (Deloitte, EY, KPMG, PwC): Differences & similarities. McKinsey, BCG, and Bain (MBB) are very different companies. … All three are equally prestigious management and strategy consulting companies with global standards and integrated approaches to solving their clients’ issues.

Why is EY better than Big 4?

It gets significantly less of its revenue from audit services and more from consulting. EY is one of the larger companies by staff members, with a comparatively balanced spread of services. In 2015 it had the fastest overall revenue growth of the Big Four.

Is McKinsey hard to get into?

The odds of getting hired by McKinsey & Company are less than 1%. Deemed one of the “Big Three” consulting firms, a job at McKinsey is more than coveted. In 2018, the firm received 800,000 applications, but only 8,000 people got offers, the company told Business Insider.

Does McKinsey pay well?

Base salaries for high-level personnel range between $570,000-$1,000,000, with performance bonuses of up to$300,000 varying by firm. Here’s a breakdown of salaries for management consultants according to the top three consulting firms. McKinsey: Base Salary: $83,000.

What are the Big 3 consulting firms?

The firms. The three consulting firms widely regarded as constituting the Big Three or MBB are McKinsey & Company, Boston Consulting Group and Bain & Company.

Is Accenture prestigious?

It does a lot of different “types” of consulting with one unifying theme: technology. The part of Accenture that’s most similar to McKinsey, BCG and Bain is called Accenture Strategy. It accounts for less than 10% of the company’s revenues but is the most prestigious part as it tends to work for C-suite clients.

Do consultants actually do anything?

Consultants work with client companies to solve specific business challenges. Consulting projects are often done in teams and can focus on a variety of areas, including strategy and technology implementations. Some consultants are independent experts, but many work for consultancies like McKinsey.