Vault Guide to the Top 50 Consulting Firms.pdf - THE MEDIA'S WATCHING VAULT HERE'S A SAMPLING OF OUR COVERAGE\"For those hoping to climb the ladder of

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Unformatted text preview: THE MEDIA'S WATCHING VAULT! HERE'S A SAMPLING OF OUR COVERAGE. "For those hoping to climb the ladder of success, [Vault's] insights are priceless." -Money magazine "The best place on the web to prepare for a job search." -Fortune "[Vault guides] make for excellent starting points for job hunters and should be purchased by academic libraries for their career sections [and] university career centers." -Library Journal "The granddaddy of worker sites." -US News & World Report "A killer app." -The New York Times One of Forbes' 33 "Favorite Sites." -Forbes "To get the unvarnished scoop, check out Vault." -SmartMoney Magazine "Vault has a wealth of information about major employers and job-searching strategies as well as comments from workers about their experiences at specific companies." -The Washington Post "Vault [provides] the skinny on working conditions at all kinds of companies from current and former employees." -USA Today VAULT GUIDE TO THE TOP 50 MANAGEMENT AND STRATEGY CONSULTING FIRMS PHIL STOTT AND THE STAFF AT VAULT Copyright © 2013 by Vault.com, Inc. All rights reserved. All information in this book is subject to change without notice. Vault makes no claims as to the accuracy and reliability of the information contained within and disclaims all warranties. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, for any purpose, without the express written permission of Vault.com Inc. Vault, the Vault logo, and "The Most Trusted Name in Career Information™" are trademarks of Vault.com, Inc. For information about permission to reproduce selections from this book, contact Vault.com, Inc., 132 W 31st Street, 17th Floor, New York, NY 10001. (212) 366-4212. ISBN 13: 978-1-58131-903-3 ACKNOWLEDGMENTS Every year, we rely on leading consulting firms to distribute our annual survey to the thousands of consultants that they employ, with no guarantee or control over anything that those consultants might tell us about life within those firms. Similarly, those thousands of employees (in 2013, more than 12,000 consultants worldwide took the survey, with the responses from more than 8,000 US-based consultants forming the rankings and opinions represented within this guide) do so for nothing more than the promise of anonymity and the opportunity to inform current job seekers, and potential future colleagues, about the realities of life within their firms. Without them, this guide would not be possible. Within Vault, special thanks is due to Alex Tuttle for his survey and research skills and support, to Cathy Vandewater for assistance in the editorial process, and to Jessica Greene, Hieu Tran and Andrew Herndon for coordinating outreach and support for participants. INTRODUCTION To stay on top of the best employers and the firms with the top prospects in the consulting industry in the coming years, we surveyed more than 8,000 consultants for this 16th edition of the Vault Guide to the Top 50 Management and Strategy Consulting Firms . Every year, we survey the best of the management and strategy firms, from gigantic multinationals to boutique firms with fewer than 100 employees, focused practice areas and, in some cases, just a single office. The 58 featured profiles in this year's edition are based on detailed research and extensive feedback from current consultants, encompassing everything from company culture to compensation, travel demands and diversity. Why 58 profiles in a top-50 guide? The answer comes down to our survey results: While we identify and distribute our survey to over one hundred top consulting firms each year, only those firms that provide a statistically significant number of survey responses are eligible for inclusion in our Best to Work For rankings (for more on this, check out the ranking methodologies further on in the guide). In our 2013 survey, which informs our 2014 rankings, 58 firms met those criteria in North America and are therefore represented in this guide. Check out the Top-50 rankings to see which firms have the golden touch, in terms of both quality of life and industry prestige. And, while our overall ranking gives a good picture of the top firms to work for in the consulting industry overall, those who are interested in specific areas of the industry will also find rankings of the top firms in 13 separate practice areas. Indeed, in addition to our traditional areas of coverage such as management consulting, this year we are delighted to unveil four new practice area rankings for North America: Defense Consulting, IT Operations, IT Strategy and Retail. As with our other practice area categories, each of the new rankings is based solely on the ratings given by consultants to their peer firms. Those interested in diving further into individual firms and specific career issues, meanwhile, will likely find our Best to Work For (BTWF) and Diversity rankings to be of interest. Those rankings, which cover some 21 BTWF factors, and five separate diversity categories, cover everything from training opportunities and firm culture to compensation and benefits, as well as a firm's commitment to sustaining a diverse workforce. For an in-depth look at the firms, check out the profiles of each of the firms on the list. In addition to a description of each of the firms' history and main lines of business, the profiles come complete with a selection of quotes from employees on their experiences within the firm. After all, when it comes to choosing a place to work, who better to turn to for advice than those who know the company best? We wish you the best of luck with your job search; we're confident you'll be able to find your next employer within these pages! The Editors Vault.com A GUIDE TO THIS GUIDE The company profiles in this guide are arranged in alphabetical order. If you're wondering how the data within the entries is organized, read on. Here's a handy guide to the information you'll find packed into each firm profile in this book. Firm Facts Locations: A listing of the firm's offices, with the city (or cities) of its headquarters bolded. For firms with a relatively small number of offices, all cities are included. Countries for international offices are typically not specified, unless the location is uncommon. Practice Areas: Official departments that employ a significant portion of the firm's consultants. Practice areas are listed in alphabetical order, regardless of their size or prominence. The Stats Employer Type: The firm's classification as a publicly traded company, privately held company or subsidiary. Ticker Symbol: The stock ticker symbol for a public company, as well as the exchange on which the stock is traded. Chairman, CEO, etc.: The name and title of the leader(s) of the firm or the firm's consulting business. Employees: The total number of employees, including consultants and other staff, in all offices of the firm (unless otherwise specified). Some firms do not disclose this information. Revenue: The gross sales (in U.S. dollars) the firm generated in the specified fiscal year(s). Some firms do not disclose this information. The Profiles Firm profiles are divided into two main sections: The Scoop and Our Survey Says. The Scoop: The firm's history, clients, recent company news and developments and other points of interest. Our Survey Says: This section begins with a Verdict, written by Vault editors, that summarizes the firm's current reputation, treatment of employees and future prospects, based on information gleaned from company insiders. This is followed by actual quotes from surveys and interviews with current consultants at the firm on topics such as firm culture, diversity, hours, travel requirements, pay, training and more. THE VAULT CONSULTING 50 THE VAULT CONSULTING 50 METHODOLOGY When it comes to choosing an employer, there is no question that prestige is important. However, our survey data indicates time and again that many other factors come into play when weighing a choice— and even more that affect employee satisfaction in the months and years after the decision has been made. Did you know that for more than 40% of consulting firm candidates, firm culture was the most important factor in selecting an employer? Other top factors include practice strength and work-life balance, in addition to prestige and compensation. But choosing an employer is only part of the equation—staying there over a period of time is something else entirely. And while elements like firm culture, compensation and work-life balance remain important as part of that picture, other factors such as satisfaction and the ability to make career progress also emerge as critical differentiators of top employers. In order to properly reflect a company's status as an employer within the consulting industry, the Vault Consulting 50 is based on the following weighted formula: 30 percent prestige 15 percent satisfaction 15 percent firm culture 15 percent compensation 10 percent work-life balance 10 percent overall business outlook 5 percent promotion policies As ever, our survey is only open to consultants who are currently employed at reputable firms in the industry. When rating quality of life issues, consultants are only permitted to rate their own firm. For prestige and practice area rankings, however, consultants are only allowed to rate competitors, and NOT their own firms. THE VAULT CONSULTING 50 The Vault Consulting 50 was compiled using a weighted formula that reflects the issues consultants care most about. This ranking combines a firm's overall prestige score with several factors from Vault's "Best to Work For” ratings. 2014 Rank 2013 Rank 1 2 ↑ McKinsey & Company 9.285 2 1 ↓ Bain & Company 9.115 3 3 - The Boston Consulting Group, Inc. 8.894 Change Company Score 4 4 - Booz & Company 7.931 5 8 ↑ PwC (PricewaterhouseCoopers) LLP (Consulting Practice) 7.620 6 6 - Oliver Wyman 7.595 7 5 ↓ Deloitte Consulting LLP 7.483 8 NR - The Parthenon Group 7.429 9 7 ↓ A.T. Kearney 7.413 10 19 ↑ Accenture 7.406 11 9 ↓ Analysis Group, Inc. 7.383 12 12 - L.E.K. Consulting 7.229 13 39 ↑ Charles River Associates 7.208 14 NR - Insight Sourcing Group 7.196 15 25 ↑ ClearView Healthcare Partners 7.155 16 17 ↑ Cornerstone Research 7.119 17 22 ↑ Alvarez & Marsal 7.092 18 16 ↓ The Cambridge Group 7.001 19 10 ↓ Censeo Consulting Group 6.990 20 18 ↓ The Chartis Group 6.959 21 35 ↑ Strategic Decisions Group 6.946 22 13 ↓ Point B 6.908 23 49 ↑ KPMG LLP (Consulting Practice) 6.904 24 27 ↑ Mercer LLC 6.901 25 34 ↑ Kaiser Associates 6.893 26 NR - Clarkston Consulting 6.874 27 20 ↓ Milliman, Inc 6.862 28 15 ↓ Marakon 6.805 29 28 ↓ Bates White 6.797 30 21 ↓ NERA Economic Consulting 6.787 31 41 ↑ Health Advances, LLC 6.782 32 NR - Roland Berger Strategy Consultants 6.735 33 33 - Jabian Consulting 6.730 34 23 ↓ Putnam Associates 6.715 35 26 ↓ The Brattle Group 6.702 36 14 ↓ ZS Associates 6.700 37 24 ↓ West Monroe Partners 6.662 38 43 ↑ Novantas LLC 6.616 39 NR - Avasant LLC 6.584 40 NR - Ricardo Strategic Consulting 6.563 41 31 ↓ Simon-Kucher & Partners 6.529 42 30 ↓ Trinity Partners, LLC 6.523 43 NR - AlixPartners, LLP 6.484 43 42 ↓ FTI Consulting, Inc. 6.484 44 37 ↓ OC&C Strategy Consultants 6.473 45 32 ↓ Triage Consulting Group 6.457 46 NR - Capgemini 6.354 47 NR - McGladrey Consulting Services 6.350 48 45 ↓ IMS Consulting Group 6.318 49 38 ↓ Navigant Consulting, Inc. 6.296 50 NR - Smartronix, Inc. 6.217 THE VAULT PRESTIGE RANKINGS THE VAULT PRESTIGE RANKINGS METHODOLOGY Survey respondents were asked to rate each consulting firm in the survey on a scale from 1 to 10 based on prestige, with 10 being the most prestigious. Consultants were unable to rate their own firm, and they were asked to rate only those firms with which they were familiar. Vault collected the survey results and averaged the score for each firm. The firms were then ranked, with the highest score being No. 1, down to No. 50. Remember that Vault’s top-50 prestigious consulting firms are chosen by practicing consultants at top consulting firms. Vault does not choose or influence these rankings. The rankings measure perceived prestige (as determined by consulting professionals) and not revenue, size or lifestyle. THE VAULT PRESTIGE RANKINGS Consultants across the nation rank the companies they consider to be the most prestigious in their industry. 2014 Rank 2013 Rank 1 1 - McKinsey & Company 8.891 2 2 - The Boston Consulting Group, Inc. 8.617 3 3 - Bain & Company 8.427 4 4 - Booz & Company 7.006 Change Company Score 5 5 - Deloitte Consulting LLP 6.775 6 NR - Booz Allen Hamilton 6.733 7 6 ↓ PwC (PricewaterhouseCoopers) LLP (Consulting Practice) 6.370 8 7 ↓ EY (Ernst & Young) LLP Consulting Practice 6.338 9 12 ↑ IBM Global Business Services 6.072 10 8 ↓ Accenture 6.070 11 11 - KPMG LLP (Consulting Practice) 5.850 12 10 ↓ Oliver Wyman 5.800 13 14 ↑ A.T. Kearney 5.691 14 13 ↓ Mercer LLC 5.403 15 NR - Gartner, Inc. 5.210 16 NR - Cisco Systems, Inc. (IT Consulting) 5.203 17 15 ↓ L.E.K. Consulting 5.152 18 16 ↓ Capgemini 5.020 19 NR - Lockheed Martin Corporation (IT Consulting) 4.836 20 NR - Oracle Consulting 4.664 21 18 ↓ The Parthenon Group 4.470 22 17 ↓ ZS Associates 4.463 23 19 ↓ Navigant Consulting, Inc. 4.429 24 NR - The Bridgespan Group 4.416 25 24 ↓ Huron Consulting Group 4.374 26 37 ↑ Charles River Associates 4.349 27 28 ↑ Grant Thornton LLP (Consulting Practice) 4.336 28 NR - SAP Services (IT Consulting) 4.329 29 20 ↓ NERA Economic Consulting 4.300 30 22 ↓ Roland Berger Strategy Consultants 4.211 31 25 ↓ Towers Watson 4.187 32 32 - Alvarez & Marsal 4.169 33 26 ↓ Gallup Consulting 4.160 34 NR - Northrop Grumman Corporation (IT Consulting) 4.116 35 29 ↓ FTI Consulting, Inc. 4.086 36 36 - Aon Hewitt 4.034 37 21 ↓ Arthur D. Little 4.013 38 23 ↓ The Cambridge Group 3.948 39 30 ↓ Cornerstone Research 3.947 40 27 ↓ AlixPartners, LLP 3.939 41 33 ↓ Kurt Salmon 3.910 42 35 ↓ The Advisory Board Company 3.734 43 NR - HP Services 3.725 44 34 ↓ Analysis Group, Inc. 3.711 45 NR - Infosys Consulting Inc. 3.674 46 46 - BDO Consulting 3.600 47 NR - Xerox Services 3.557 48 NR - McGladrey Consulting Services 3.553 49 NR - Hitachi Consulting 3.514 50 39 ↓ The Brattle Group 3.509 PRACTICE AREA RANKINGS PRACTICE AREA RANKINGS METHODOLOGY Vault asked consultants to rank the best firms in several areas of business focus. Consultants were allowed to vote for up to three firms as the best in each area, but could NOT vote for their own firm. The practice areas are: Defense Consulting* Economic Consulting Energy Consulting Financial Consulting Health Care Consulting IT Operations Consulting* IT Strategy Consulting* Human Resources Consulting Management Consulting Operations Consulting Public Sector Consulting Retail Consulting* Strategy Consulting *Denotes a new category for 2013-14 DEFENSE CONSULTING Consultants across the nation rate the top firms in their practice areas. 2014 Rank 2013 Rank 1 NR - Lockheed Martin Corporation (IT Consulting) 43.97 2 NR - Northrop Grumman Corporation (IT Consulting) 31.91 3 NR - Booz Allen Hamilton 25.40 4 NR - Raytheon Professonal Services 21.03 5 NR - McKinsey & Company 17.40 6 NR - BAE Systems Detica North America 16.44 7 NR - Booz & Company 13.34 8 NR - General Dynamics Information Technology, Inc. 11.63 9 NR - Bain & Company 9.50 10 NR - Deloitte Consulting LLP 9.18 11 NR - Science Applications International Corporation (SAIC) (IT Consulting) 7.90 12 NR - Accenture 7.36 13 NR - IBM Global Business Services 6.08 14 NR - CACI International 3.95 15 NR - Cisco Systems, Inc. (IT Consulting) 3.20 16 NR - Oracle Consulting 2.88 17 NR - Capgemini 2.56 18 NR - SRA International, Inc. 2.24 19 NR - Hitachi Consulting 2.13 20 NR - SAP Services (IT Consulting) 1.92 Change Company % of Votes ECONOMIC CONSULTING Consultants across the nation rate the top firms in their practice areas. 2014 Rank 2013 Rank 1 1 - NERA Economic Consulting 29.14 2 2 - McKinsey & Company 28.20 3 4 ↑ The Boston Consulting Group, Inc. 22.27 4 7 ↑ Bain & Company 19.93 5 8 ↑ EY (Ernst & Young) LLP Consulting Practice 17.86 6 5 ↓ Charles River Associates 17.67 7 3 ↓ Cornerstone Research 17.11 8 9 ↑ Deloitte Consulting LLP 16.73 9 6 ↓ Analysis Group, Inc. 14.05 10 10 - PwC (PricewaterhouseCoopers) LLP (Consulting Practice) 11.65 11 NR - KPMG LLP (Consulting Practice) 9.87 12 NR - Booz & Company 7.90 13 NR - FTI Consulting, Inc. 7.71 14 NR - Accenture 7.47 15 NR - Navigant Consulting, Inc. 6.53 16 NR - L.E.K. Consulting 6.30 17 NR - Oliver Wyman 5.97 18 NR - The Brattle Group 5.55 19 NR - Bates White 4.37 20 NR - A.T. Kearney 3.85 Change Company % of Votes ENERGY CONSULTING Consultants across the nation rate the top firms in their practice areas. 2014 Rank 2013 Rank 1 1 - McKinsey & Company 33.08 2 2 - The Boston Consulting Group, Inc. 22.61 3 4 ↑ Accenture 20.69 4 5 ↑ Deloitte Consulting LLP 19.51 5 3 ↓ Bain & Company 17.59 6 6 - Booz & Company 15.16 7 10 ↑ IBM Global Business Services 12.06 8 NR - PwC (PricewaterhouseCoopers) LLP (Consulting Practice) 10.89 9 NR - EY (Ernst & Young) LLP Consulting Practice 10.64 10 9 ↓ Navigant Consulting, Inc. 10.05 11 8 ↓ Charles River Associates 9.21 11 7 ↓ NERA Economic Consulting 9.21 12 NR - A.T. Kearney 6.53 13 NR - The Brattle Group 6.45 14 NR - KPMG LLP (Consulting Practice) 6.37 15 NR - ICF International, Inc. 5.28 16 NR - Capgemini 5.19 17 NR - SunGard Consulting Services 5.11 18 NR - L.E.K. Consulting 4.61 19 NR - ScottMadden, Inc. 4.52 20 NR - PA Consulting Group 4.44 Change Company % of Votes FINANCIAL CONSULTING Consultants across the nation rate the top firms in their practice areas. 2014 Rank 2013 Rank 1 1 - McKinsey & Company 34.41 2 2 - EY (Ernst & Young) LLP Consulting Practice 32.69 3 3 - Deloitte Consulting LLP 30.85 4 4 - PwC (PricewaterhouseCoopers) LLP (Consulting Practice) 28.09 5 5 - Bain & Company 23.20 6 6 - The Boston Consulting Group, Inc. 19.90 7 7 - KPMG LLP (Consulting Practice) 17.43 8 8 - Oliver Wyman 13.38 9 9 - Accenture 11.25 10 NR - First Manhattan Consulting Group 5.60 11 10 ↓ FTI Consulting, Inc. 5.39 12 NR - Booz & Company 4.89 13 NR - Booz Allen Hamilton 4.68 14 NR - Alvarez & Marsal 4.47 15 NR - Grant Thornton LLP (Consulting Practice) 4.18 16 NR - AlixPartners, LLP 3.18 17 NR - Capgemini 3.01 18 NR - L.E.K. Consulting 2.84 19 NR - A.T. Kearney 2.59 20 NR - Greenwich Associates 2.38 Change Company % of Votes HEALTH CARE CONSULTING Consultants across the nation rate the top firms in their practice areas. 2014 Rank 2013 Rank 1 1 - McKinsey & Company 34.53 2 2 - The Boston Consulting Group, Inc. 23.62 3 6 ↑ Deloitte Consulting LLP 18.09 4 3 ↓ ZS Associates 15.57 5 5 - Bain & Company 14.99 6 4 ↓ IMS Consulting Group 13.68 7 10 ↑ Accenture 12.90 8 9 ↑ Huron Consulting Group 12.22 9 7 ↓ L.E.K. Consulting 10.86 10 NR - Kaiser Associates 9.80 11 NR - ClearView Healthcare Partners 8.63 12 8 ↓ Health Advances, LLC 8.39 13 NR - The Advisory Board Company 8.24 14 NR - PwC (PricewaterhouseCoopers) LLP (Consulting Practice) 7.81 15 NR - Booz & Company 7.13 16 NR - EY (Ernst & Young) LLP Consulting Practice 6.89 17 NR - Mercer LLC 6.84 17 NR - Navigant Consulting, Inc. 6.84 18 NR - Quintiles Consulting 4.80 19 NR - The Chartis Group 4.51 20 NR - Trinity Partners, LLC 4.46 Change Company % of Votes HUMAN RESOURCES CONSULTING Consultants across the nation rate the top firms in their practice areas. 2014 Rank 2013 Rank 1 1 - Mercer LLC 41.55 2 2 - Towers Watson 31.73 3 3 - Aon Hewitt 28.20 4 5 ↑ Deloitte Consulting LLP 21.13 5 7 ↑ McKinsey & Company 14.00 6 4 ↓ Hay Group 13.74 7 8 ↑ Accenture 13.68 8 6 ↓ Oliver Wyman 10.02 9 10 ↑ The Boston Consulting Group, Inc. 9.38 10 9 ↓ Huron Consulting Group 9.25 11 NR - Bain & Company 7.71 12 NR - EY (Ernst & Young) LLP Consulting Practice 7.26 13 NR - PwC (PricewaterhouseCoopers) LLP (Consulting Practice) 7.07 14 NR - KPMG LLP (Consulting Practice) 5.97 15 NR - Booz & Company 5.65 16 NR - Capgemini 4.50 17 NR - IBM Global Business Ser...
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