Sep 15, 2007

McKinsey & Co. top consulting employer in the US



Vault has just released its guide to the USAs top consulting employers, and McKinsey & Company ranks first overall in prestige. This is McKinseys seventh consecutive year in the top spot. In addition to rating peer firms on prestige, respondents were asked to rate their own firms on various quality of life issues such as company culture, compensation, hours and diversity.

It's also great to see an HR consulting firm also in the top 10 consulting employers along with all the strategy consulting firms up there. Great to see that working on HR consulting projects is seen as "prestigious" in the US.

It's very interesting to see that there are three 'related' firms in the top 10, Oliver Wyman's general management consulting division, the financial consulting division and Mercer HR consulting.

I only wish that there was an Indian firm like Vault or Kennedy Info to research similar data for the Indian management consulting industry.

3,640 consulting professionals took Vault's Consulting Survey in the spring of 2007. They were asked to rate consulting firms on a scale of 1 to 10, based on how prestigious they deem employment at each firm. Vault averaged the prestige scores for each firm and then ranked them in order. It's interesting to compare this to Consulting Magazine's 2006 list of the best firms to work for. Notice how the ranking's change when "prestige" is taken out of the equation?

The top 10 firms as ranked in the Vault Guide to the Top 50 Management and Strategy Consulting Firms are as follows:

1. McKinsey & Company                              New York, NY
2. The Boston Consulting Group Boston, MA
3. Bain & Company Boston, MA
4. Booz Allen Hamilton McLean, VA
5. Monitor Group Cambridge, MA
6. Oliver Wyman - General Management Consulting New York, NY
7. Oliver Wyman - Financial Services New York, NY
8. Deloitte Consulting LLP New York, NY
9. Mercer Human Resource Consulting New York, NY
10. The Parthenon Group Boston, MA



2 comments:

  1. Hi Gautam,

    As you rightly desired - there could be rating of "Indian Consulting Firms" as well...however, being into Consulting Industry, I have realised that Consulting profession is much more mature in developed nations. We are still in "Evolving" phase for consulting in India.....but yes, no harm in publishing ratings. Infact, Vault.com has started collecting data on Indian firms, but are accessible only to premier members.

    Cheers,
    Mehul

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  2. There is Universum in India which does this for all companies which includes consulting.

    Hemant Jain
    www.axience.com

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