Ernst & Young acquired The Parthenon Group in 2014, increasing EY's presence as a Big 4 consulting firm. EY-Parthenon focuses on strategy consulting and currently employs over 1,500 consultants across 40 offices worldwide. Private equity firms around the world rely on L.E.K. Consulting to provide them with the insights they need to make investments, grow their portfolio companies and generate superior returns on exit. Our private equity work draws on our expertise in business strategy consulting, performance improvement advice, global reach and deep industry knowledge.
We work alongside our private equity clients to provide comprehensive support across the full transaction cycle. At 4800 Hampden Lane in Bethesda, BCG's Washington, DC office is located in a prime spot where the Kennedy Center, the National Gallery, and the Smithsonian are all just minutes away (yet you're not in the core of DC). In the DC office, consultants work on diverse projects for clients – industrial goods, consumer goods, retail, technology and communications, healthcare, and financial services companies. The work – vs. McKinsey – is notably skewed more private sector. BCG's strength in the industry firm puts it in the top consulting firms in Washington DC.
Management consulting firms exist in every corner of the planet and serve virtually every industry niche. While everyone knows about McKinsey & Company, Boston Consulting Group, and Bain & Company, there are numerous other consulting firms that offer great client service and fantastic professional experience. But how do you know which consulting companies would be best for your chosen career path? Well, we've aggregated a list of top management consulting firms for you. For example, private equity firms often rely on management consulting firms to help on specific aspects of due diligence when they're looking to make an acquisition.
Sure, the private equity firms could build and staff their own internal consulting firms but many will choose to hire teams on an "on-demand" basis, rather than changing the structure and talent base of their own organization. The firm has experienced rapid organic and inorganic growth, as evidenced by its recent acquisition of healthcare-fcosued boutique Navigant Consulting. The firm employs almost 7,000 consultants across 50+ global offices and generated $1.3B in revenue in 2019, split evenly between government and commercial work.
Headquartered and founded in Washington, DC, The Advisory Board Company is a research, technology, and consulting firm to organizations primarily in the healthcare and education sectors. The Washington, DC office houses Clinovations; a team of clinicians and consultants who share the goal of using technology to transform the way health care is delivered. Advisory Board employees enjoy free soda in their Common Room, happy hours in public spaces, and proximity to Starbucks. Um, yeah, ok, they get #8 on our list of top consulting firms in Washington DC, just for those perks!
(Ok, not just that.) Centrally located and in the heart of downtown, just a few minutes away from Metro Center, the White House, and the National Mall, employees can easily access favorite lunch spots located in the nearby area. I am a strategist, management consultant, executive coach and international speaker and have delivered meaningful results for executives and leaders across 3 continents, 7 countries and 44 states. I serve as CEO for ARVis Institute, a strategy, change, performance and human capital consulting firm. The required skillset varies depending on the different industries and the specific client base that a particular management consulting firm targets and works with. The higher up the career ladder you go, the stronger skillset you need to have and the more you need to know.
Roland Berger is a strategy consulting firm headquartered in Munich, with 50 offices in 36 countries. Roland Berger operates as a generalist strategy consultancy and advises clients on management issues ranging from strategy development to performance improvement. Roland Berger also advises in the fields of restructuring and marketing, with a focus on the Automobile Industry and the capital goods sector. Bain serves a variety of industries in the mid-Atlantic region – including aerospace and defense, financial services, retail, healthcare, and technology; clients cover the private and public sectors but definitely skew private sector.
The population in DC has grown rapidly in the past decade, and this growth has brought in an influx of companies to take advantage of the area's central strategic location. The diversity of the consulting industry in the USA means that USA based consulting firms can have a range of different areas of expertise. The large and generalist consulting firms in the USA serve their clients across multiple industries and functions, while specialist consultancies focus on specific industries, functions or client topics. Niche consulting firms in the USA have an even deeper focus on a particular industry, client theme or service area. The private equity digital operating partner is a business executive with experience in strategy, science & technology and operations. Their role is to create enterprise value by identifying, planning and managing the execution of digital initiatives.
PwC provides a mix of industry and functional expertise to help its clients address their most interesting and complex business issues and opportunities from strategy through execution. PwC advises a significant number of the Fortune 500 companies and generates roughly $12.3 billion in annual consulting revenue. The company is commonly ranked 5th in prestige amongst all consulting firms. Kearney (formerly known as A.T. Kearney) is an American global management consulting firm that focuses on strategic and operational CEO-agenda issues facing businesses, governments and institutions. Kearney maintains offices in more than 40 countries globally. The company generates roughly $1.4B in consulting revenues every year.
Deloitte also has a Federal practice in the DC Area – the office is located at 1919 N. The Federal practice is a huge differentiator – a true consulting firm . The Deloitte Federal practice is arguably the most distinguished government consulting firm in the world. This arm of the practice is focused on transformational projects for government agencies. These include a focus on efficiency through digitization and enhanced customer service.
We believe the Federal practice will be busy for many years to come. Deloitte lands at a solid #6 on our list of top consulting firms in Washington DC for this reason. Another, and perhaps the most common, reason that companies hire consultants is to gain access to a specialized skill set that might not exist in house. By engaging a consulting firm, you get access to a group of professionals that has skills ranging from Lean Six Sigma process design to finance organization structures. These highly specialized people would not only be expensive to hire for, but the company might not have enough work to keep said employees busy year round.
But, thanks to consultants, companies can bring in that skill set on demand when they need it. The management consulting firm you choose is only as strong and impactful as their people and processes. Over the years, Sendero has assembled a high-performing team with a track record of delivering significant value, impact, and results. Our entrepreneurial mindset has brought us a long way — and we're just getting started. While I focused here on the most common management consulting jobs where a degree tends to be a minimum requirement, it should be noted that not all consulting jobs require a college degree. Some organizations will permit individuals to substitute relevant work experience in lieu of a degree, and there are also many other types of consulting jobs where college may not carry the same weight.
There are entrepreneurs who have started consulting businesses without a college degree as well. The college degree requirement, however, is more of a factor with traditional consulting organizations where the official work is that of a specialized management consultant or strategy consultant. Do you think you might want a career as a management consultant but aren't quite sure if you're cut out for it?
Are you currently a management consultant but desire to broaden your portfolio and gain the necessary credibility to advance to the senior ranks? In order to build a successful career in the management consulting profession or elevate yourself beyond your current consulting role, you need to understand what management consultants actually do. It's also helpful for you to know the education, experience and skills needed to get hired and promoted in the profession over time. Founded in 1988, Putnam Associates focuses on serving healthcare, private equity, and venture capital clients through sophisticated and robust analytics.
Mercer is known as the world's largest human resources consulting firm. Headquartered in New York City, Mercer has more than 23,000 employees, is based in more than 43 countries, and operates internationally in more than 130 countries. The company generates $4.3 billion in sales on an annual basis and is ranked 17th in prestige amongst all consulting firms.
The Accenture Washington, DC office serves clients in the area of technology, consulting, and strategy. The office is stunning – arguably one of the best in the Accenture network. The people who work here are extremely intelligent and they challenge you to expand on your current role. The motto on the floor across the office is work hard, play harder!
With a culture like that, Accenture notches the #5 spot on our list of top consulting firms in Washington DC. New private equity consultant careers are added daily on SimplyHired.com. The low-stress way to find your next private equity consultant job opportunity is on SimplyHired. We specialize in those "when it really matters" situations when how you manage through or take advantage of disruption will make or break the future of your company.
A consultant is not required to have an MBA to perform the responsibilities required. The way you communicate your experience determines if your career goals align with the consulting firm's and if you can solve the problem they're seeking solutions for. The UK's management consulting market has grown significantly in recent years, and is now estimated at being worth more than £11 billion. As the industry enters the New Year, The Financial Times has released its annual ranking of the top members of Britain's management consulting scene. Along with traditional management consultancy firms, those included in the analysis included advisory wings of accounting-origin firms, digtital consulting firms and consultancy divisions of technology companies.
The leading consulting firms have built up critical expertise in key areas. Thus, when companies face mission-critical challenges or problems that require that expertise, an efficient way to resolve the issue can be to engage with a consulting firm. Though management consulting is interchangeable with the concept of advising, it's actually distinct from the professions of executive coaching and training. Still, each of these professional disciplines should have a sustainable—albeit different—methodology or framework by which to deliver services. High-quality management consultancies will have developed a sound management consulting methodology by which to inform the work of their management consultants. Management consultants work with domestic and/or global clients to identify and solve complex business, organizational and operational problems and define and improve processes.
And though it can be a highly competitive and demanding profession, it can also provide many long-term benefits and career perks. Management consultants have opportunities to work with the senior teams and top executives within organizations, and this helps with cultivating powerful relationships and building a supportive network. The profession is typically dominated by frequent and heavy travel schedules, long work hours, continual learning and development, close team collaboration and a focus on short and long-term projects. The convergence of breakthrough innovations, digital advancements and new business models is opening up new opportunities for players across the life sciences sector. This increasingly competitive landscape also raises new challenges, including increased pricing pressure, uncertain market access dynamics, evolving consumer behavior and disruption from non-traditional players. These trends are forcing life sciences companies to think strategically about which avenues of growth to explore.
Putnam consultants have similar professional and educational backgrounds to those at strategy consulting firms. Uniquely, 100% of Putnam's work is dedicated to maximizing the value of the pharmaceutical, biotechnology, diagnostic and device products. The company serves clients who market many of the world's best-known biopharmaceuticals and who are leveraging the genomics and "big data" revolutions month by month with new breakthrough therapies and higher quality patient care.
If your passions lie at the intersection of life sciences and strategy, Clearview Healthcare Partners is for you. A young buck in the consulting space , the firm has quickly gained a reputation as one of top boutiques – in any sector. If you're ready to brand yourself a life sciences specialist and have a role in the future of the business of healthcare, Clearview is a great place to be. Accenture is a technology consulting firm with a strategy consulting arm. The firm's footprint is massive, with an estimated 449,000 employees across the world. Accenture is especially great for aspiring consultants who value opportunities to learn about technology.
If you're an aspiring consultant, don't stop at the Top 3 consulting firms. There are a lot of different aspects to consider when looking at which consulting firm would be the best fit for you. Yes, MBB firms offer the greatest prestige, but there actually may be other firms that fit your specific career path better. Do you know what you want to do after your time in consulting?
Are you just going to pick the consulting firm with the largest reach? If so, you might be surprised to learn that neither McKinsey, BCG, or Bain are even in the top 10 in terms of revenue generated. The projects are extremely interesting, and even though the firm is small, it is highly respected. Brattle consultants have shared their insights in countless academic papers, books, articles, and reports, which have appeared in magazines, newspapers, and journals all over the world.
It is a great place to start a career – most consultants who work here are offered jobs from big consulting firms. Some comparable firms include Analysis Group, Inc., Charles River Associates, and NERA Economic Consulting. It probably comes as no surprise, that McKinsey ranks #1 in our list of top consulting firms in Washington DC. Located at 1200 Nineteenth Street NW, McKinsey is tops, both in terms of the size of the firm as well as its employee strength.
McKinsey has legacy – the first mover in the DC area – and power in its camp. The McKinsey office is positioned around the exciting and colorful DuPont Circle District. Close to the Capitol, its office serves dynamic clients in a mix of industries including healthcare, aerospace, defense, and consumer products.
This office is also home of McKinsey's global Public Sector Practice, Social Sector Practice, and Recovery & Transformation Services. Executive Resume, Finance – Consulting to Corporate Client Transition, Financial Services & Private Equity. Example executive resume written for a senior executive seeking a position as a Chief Financial Officer/CFO, Vice President of Finance, or Director of Finance for multi-billion dollar companies in financial services or private equity. Slalom is a global consulting firm focused on strategy, technology, and business transformation. Accelerating its growth strategy as a leading technology-enabled solutions provider, Jacobs has taken a 65% stake in PA Consulting, a leading innovation and transformation consulting firm.
With offices in Dallas, Houston, and Atlanta, Sendero provides large and mid-sized organizations with management consulting services that empower them to improve performance, increase efficiencies, and implement fundamental transformation. Little has changed at UK consulting's top table in 2020, with the top 10 all having been present in the previous edition of thetop management consulting firms list. Boston Consulting Group , EY (including EY-Parthenon), Bain & Company, IBM Global Business Services, and recently rebranded Kearney all remain in the top 10, albeit having swapped rankings in some cases. For example, it's possible that the board of directors, or factions within the executive team disagree about the right route and thus a tie-breaking, objective opinion is needed.
Another common possibility is that the consulting firm can bring in an objective view on industry best practices, essentially leveraging their wider purview of how other companies have tackled similar problems. The second level tends to be known as the actual management consultant level. My firm requires an undergraduate degree and four years of consulting experience or a graduate degree and two years of consulting experience for this management consulting level. As with many professions, the average person's eyes starts to glaze over if you go much beyond a simple descriptor. But this is surely not the case for junior-level management consultants, those aspiring to become one and those who want to advance up the ranks.
And the inquiries never surprise me because while management consulting is an extremely demanding career choice, it is a massively rewarding one as well. Even current consultants sometimes have difficulty describing it themselves. If you ask my friends or family what I do for a living, they'd probably tell you something like I travel a lot to help executives accomplish goals or that I help organizations maximize performance.
