Consulting Firm Rankings

Trying to figure out true rankings for the top strategy consulting firms. Generally my impression is:

  1. McKinsey

  2. BCG

  3. Bain

  4. OW

  5. LEK

  6. ATK

  7. S&

  8. EY-P

  9. Deloitte S&A

  10. Accenture Strategy

All this considering exit opps, b-school placements, pay, talent. All considering general strategy firms rather than niche ones that might be top in their specific area. 

Recruiting next year so trying to get an idea early. Does this seem accurate?

 

Low impact strategy work (both in terms of client base and types of engagement) in comparison to the in-house consulting branches of the other Big 4 + MBBs + T2s, lower "prestige" for exits compared to other Big 4 + MBB, lower pay compared to other Big 4 + MBB, do not have their own strategy house (PwC has S&, EY has Parthenon and Deloitte has Monitor) and less seamless integration with other services (TAS, audit etc.) compared to other Big 4.

 

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Career Advancement Opportunities

May 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

May 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

May 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

May 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (100) $226
  • Manager (153) $170
  • 2nd Year Associate (158) $140
  • Senior Consultant (331) $130
  • 3rd+ Year Associate (108) $130
  • Consultant (588) $119
  • 1st Year Associate (539) $119
  • NA (15) $119
  • 3rd+ Year Analyst (146) $115
  • Engineer (6) $114
  • 2nd Year Analyst (345) $103
  • Associate Consultant (166) $98
  • 1st Year Analyst (1050) $87
  • Intern/Summer Associate (190) $83
  • Intern/Summer Analyst (552) $67
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