Top 50 Consulting Firms to Work For in 2022 – Poets&Quants | Region & Cash

It doesn’t get any closer.

0.001 of a point.

It is insignificant, a rounding error. And yet it was all that separated Bain and McKinsey at this year’s Vault Consulting 50. Call out every cliché: Margins are tight and you’re losing an inch. In the end, all that separated Big Red from True Blue was just a thousandth of a point.

Advantage: Bain & Company.

Yes, winners are remembered and honored. They are treated as standard-bearers who embody the values ​​and traditions of their profession. finish second? Your mind repeats these tiny mistakes endlessly. Worse, each well-wisher encourages you to “build on the positives.” For McKinsey, the Vault Consulting 50 represents a lot of positives. It remains the envy of the industry – by a bigger margin than ever, according to survey respondents. The company’s scores improved nearly tenfold – even eclipsing Bain in several categories. Despite closing the gap, McKinsey fell just short, a result that could easily have been changed with a few tweaks to the results (or the Vault methodology).

HOW COMPANIES ARE EVALUATED

Lost amidst this tight margin is Boston Consulting Group, which slipped a spot to 3rd despite overall improvements. At the same time, the Bridgespan Group (pun) jumped eight places into the top five – a feat almost matched by Kearney. Their advances have come at the expense of Deloitte Consulting, which has plummeted from 11th to 4th place in just two years. And Clearview Partners, once a favorite of its employees, fell 10 places to 17th place.

In the end, one could say that MBB – or BMB – has held together at the helm of the Vault Consulting 50 while 26 companies are clustered within a dot of each other. How does this happen? A look at the methodology helps. First, the Vault Consulting 50 is considered the “gold standard” for evaluating consulting firms. Here survey participants – North American consultants in over 130 companies – rate their employers based on 20 criteria. This includes areas such as pay and benefits, prospects and leadership, health and work-life balance, and training and promotion opportunities. From there, these survey takers turn around and rank competing companies based on their prestige. They also rate competitors in over a dozen practice areas, ranging from energy to strategy consulting. In the Prestige and Practice cases, respondents are not allowed to rate their own companies.

The ranking was started in 2007 by Vault Career Intelligence. That firm has since evolved into Firsthand, an infobase company that collects market intelligence to create employer ratings, reviews, and employment opportunities in industries such as banking, consulting, and legal. A total of 17,000 consultants took part in this year’s Vault Consulting 50 survey, released on February 15th. This corresponds to more than a thousand participants from the previous year. To complete the survey, respondents rate companies on a 10-point scale, with 10 being the highest possible score. In the Vault formula, prestige accounts for 30% of ranking weight. Organizational culture and satisfaction each account for 15% of a company’s total score, followed by compensation, work-life balance, and challenge at 10% each. The scores for business outlook and promotion policy were split equally at 5%. These weightings remain unchanged from the previous year.

In the end, the Vault Consulting 50 provides insight into how employees view their companies’ strengths – and how companies view the capabilities and positioning of their competitors, moreover, historical data collected by Vault P&Q, reflects how company values ​​have changed over the past five years. In doing so, readers can go beyond reputation and see quantitatively where companies are growing and stagnating.

Click on the links below for detailed analysis and rankings for each area of ​​the Vault Consulting 50.

WHY BAIN & COMPANY #1 (Analysis)

WHY MCKINSEY & COMPANY RAN #2 (Analysis)

WHY BOSTON CONSULTING GROUP RANK 3 (Analysis)

VAULT CONSULTING 50 RANKINGS (Analysis Plus Chart)

COMPANY PRESTIGE RANKING (Analysis Plus Chart)

BOUTIQUE COMPANIES RANKING (Analysis Plus Chart)

BAIN-MCKINSEY-BCG HISTORICAL COMPARISON (compensation, training, management, outlook, etc.)

QUALITY OF LIFE AND EMPLOYMENT RANKINGS (compensation, education, management, prospects, etc.)

PRACTICE AREA RANKINGS (ESG, Management, Strategy etc.)

Next page: Why Bain & Company ranks #1

Author: Amine

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