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List of Topmost 50 Consulting Firms to Apply for
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Indrita Ganguly

Content Curator

If we consider the placement and employment opportunities of most of the Ivy League Colleges after considering the GMAT scores, we will witness a huge percentage of candidates working in the consulting industry. Around 20% of the total student intake opt for, or get placed in consulting firms like – PWC, Bain, BCG, EY, McKinsey and there is a perpetual list. 2021 is following the trail left by the horrendous 2020 pandemic, but work cannot stop. It is, therefore, P&Q is back with its list of top 50 consulting firms to work for in 2021 according to Vault Consulting 50.

Starting with the victory of Bain and Company topping the list after a 3-year long hustle. Followed by the BCG group that attained the second spot for the third time in the duration of 4 years. McKinsey experienced a straight downfall to the third spot due to some sort of bad press.

Bain & Company

The main driving force of the Bain & Company’s first rank is their soft skills or their problem redressal procedure – Consultant’s connection with supervisors. Bain & Company is not solely a serious working place but one will notice employees clapping high fives along with a broad smile that enlivens the environment. All these resulted in their relationship with supervisors as 9.775, client interactions as 9.756, selectivity ranked the highest in 9.904, informal training in 9.846, exit opportunities in 9.822, firm leadership in 9.800, and formal training in 9.756.

Boston Consulting Group

BCG group believes in ‘Cutting Edge. Out of the Box. Push the Envelope’ notion. They are famous for their innovative approach to finding the creativity behind every task. Forever debating, working on every nook and corner, are what the BCG people do. All the daunting tasks are accompanied by handsome paychecks for which BCG has topped this year. The numbers go like – Employee Selectivity (9.883), Business Outlook (9.829), Exit Opportunities (9.807), and Firm Leadership (9.729). But the areas where they slipped are – Hours Worked (7.951), Work-Life Balance (8.711), and Internal Mobility (8.717). A very positive category that excels is ‘transparency’. BCG is firm about its development method that enables its employees to earn appraisals.

McKinsey & Company

Considered the most “buttoned-up” component of the MBB group, McKinsey is the most common name when it comes to consulting companies. Functional in 130 cities over 65 countries, the company is marked with tradition, influence, prestige, and global. McKinsey employees are smart experts and the common names associated with it are Sheryl Sandberg, Sundar Pichai, Pete Buttigieg. Spending 5 years in this corporate biggie will result in employment in any fine company as McKinseyites cherish that respect. The main hurdle faced by McKinsey is bad publicity that rolled out during the pandemic time and continued in 2021 as well. Compensation wise that numbers have downtrodden to 9.500 to 8.951. Another downfall was witnessed in the working hours from 8.631 to 8.043. But McKinsey maintained its pace in the exit opportunities and international opportunities cadre.

“McKinsey is a quick learning curve, which is both a blessing and a curse,” as enunciated by one survey respondent. “You…are always operating a level further than you think you are capable of. Overall, the focus on development at McKinsey is extremely high. Everything we do is related to growing in our roles in consulting and we build our careers around this notion.”

Vault 50 Consulting Firms

The Booz Allen Hamilton though a newbie in consulting having been founded in 1914 houses, 27,000 employees. This firm has made its way to number 4 in the Vault ranking, from 21 in 2019. Booz Allen is followed by EY-Parthenon ranking 5 and has gained 10 for Prestige similar to Booz Allen. In fact, Deloitte lost from 4th to 8th despite top-notch rankings synonymous to MBB.

Other firms that experienced a downward curve were Kearney who went down to 16th after losing 3 spots. Let us have a look at the list of the Vault 50 Consulting firms:

2021 Rank 2019 Rank Firm Name 2021 Score 2019 Score Change in Rank Change in Score
1 2 Bain & Company 9.219 9.247 1 -0.028
2 3 The Boston Consulting Group, Inc. 9.168 9.222 1 -0.054
3 1 McKinsey & Company 9.103 9.370 -2 -0.267
4 21 Booz Allen Hamilton 8.025 7.164 17 0.861
5 7 The Parthenon Group 7.779 7.684 2 0.095
6 5 Oliver Wyman 7.735 7.727 -1 0.008
7 24 Clearview Healthcare Partners 7.626 7.065 17 0.561
8 4 Deloitte Consulting LLP 7.607 8.280 -4 -0.673
9 8 PwC Advisory Services 7.554 7.662 -1 -0.108
10 6 Putnam Associates 7.534 7.711 -4 -0.177
10 20 Alvarez & Marsal 7.534 7.175 10 0.359
12 9 The Bridgespan Group 7.471 7.651 -3 -0.180
13 22 Keystone Group 7.434 7.130 9 0.304
14 23 ghSMART & Co. 7.319 7.069 9 0.250
15 11 A.T. Kearney 7.311 7.568 -4 -0.257
16 12 KPMG LLP (Consulting Practice) 7.199 7.548 -4 -0.349
17 44 The Cambridge Group 7.016 6.721 27 0.295
18 NR Cornerstone Research 7.012 NA NA NA
19 NR Blue Matter 7.008 NA NA NA
20 17 Roland Berger Strategy Consultants 6.972 7.280 -3 -0.308
21 NR Kaiser Associates 6.964 NA NA NA
22 26 Health Advances, LLC 6.949 7.016 4 -0.067
23 16 The Brattle Group 6.942 7.283 -7 -0.341
24 15 GE Healthcare 6.900 7.460 -9 -0.560
25 NR ScottMadden, Inc. 6.893 NA NA NA
26 29 Eagle Hill Consulting LLC 6.886 6.927 3 -0.041
27 18 Insight Sourcing Group 6.846 7.253 -9 -0.407
28 30 Simon-Kucher & Partners 6.810 6.909 2 -0.099
29 28 OC&C Strategy Consultants 6.806 6.961 -1 -0.155
30 NR DeciBio Consulting 6.801 NA NA NA
31 34 Clarkston Consulting 6.786 6.862 3 -0.076
32 36 Bates White Economic Consulting 6.705 6.815 4 -0.110
33 NR Mercer LLC 6.704 NA NA NA
34 43 Keystone Strategy 6.690 6.741 9 -0.051
35 33 Trinity Partners, LLC 6.664 6.877 -2 -0.213
36 48 Pace Harmon 6.626 6.671 12 -0.045
37 NR Artisan Healthcare Consulting 6.620 NA NA NA
38 38 Charles River Associates 6.615 6.781 0 -0.166
39 47 Kenway Consulting 6.590 6.678 8 -0.088
40 39 The Chartis Group 6.587 6.780 -1 -0.193
41 37 NERA Economic Consulting 6.600 6.785 -4 -0.185
42 27 LeapPoint 6.540 6.966 -15 -0.426
43 NR Triangle Insights Grop 6.534 NA NA NA
44 35 Ignyte Group 6.531 6.828 -9 -0.297
45 NR Applied Value 6.529 NA NA NA
46 NR The Poirier Group 6.508 NA NA NA
47 NR Jabian Consulting 6.462 NA A NA
48 49 DayBlink Consulting 6.447 6.669 1 -0.222
49 NR Insigniam 6.435 NA NA NA
50 NR Syneos Health 6.328 NA NA NA

Vault Ranking of Boutique Firms

Vault ranking has also researched about the boutique companies and listed rankings. The methodology implemented in the procedure is eliminating the Prestige component. Instead, Firm Culture (25%), Satisfaction (20%), Work-Life Balance (20%), Level of Challenge (10%), Compensation (10%), Overall Business Outlook (10%), and Promotion Policies (5%) are implemented.

2021 Rank 2019 Rank Firm Name 2021 Score 2019 Score Change in Rank Change in Score
1 4 ghSMART & Co. 9.522 9.121 3 0.401
2 15 ClearView Healthcare Partners 9.439 8.784 13 0.655
3 1 Putnam Associates 9.239 9.612 -2 -0.373
4 7 The Keystone Group 9.185 9.019 3 0.166
5 NR Blue Matter 9.155 NA NA NA
6 NR Kx Advisors 9.077 NA NA NA
7 NR Potomac Point Group 9.049 NA NA NA
8 9 Eagle Hill Consulting 8.974 8.908 1 0.066
9 3 The Bridgespan Group 8.960 9.151 -6 -0.191
10 10 Health Advances, LLC 8.945 8.89 0 0.055

The information provided here will be helpful for candidates to find their way to their preferred corporate group.

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