What firms are best in different sectors?
As I begin prepping for consulting recruiting, I realize that I don't really know which firms are best in what areas. Obviously the hierarchy of MBB being top dog, then T2, etc. is pretty clear but I don't know who is best in different areas. By different areas I mean government, transportation, tech, consumer, etc. Thanks for the advice!
Del
I think you mean Bain for PE? Bain is not nearly as good as McK, BCG, or OW at FS
Yes you're right.
Outside of some obvious things like Bain being #1 for PE work, you can take a look here for a UK-based "ranking" (it's more tiered than anything): FT link. The methodology is at the bottom of the page. To be taken with a grain of salt, but it can give you an idea of relative strengths.
Why do all the B4 firms rank better than MBB in pretty much every category? This seems counter to what is preached and written about online everywhere abt how MBB are the top firms
Good eye. I think the answer is in the method:
> ratings are awarded to firms and networks in different categories according to how often they are recommended
Keep in mind strategy firms are much smaller than your B4/ACN types, so it makes sense that they'd be recommend less often (i.e. lower volume --> lower absolute number of recommendations from survey respondents)
Also, even if you controlled for that then this survey still isn't very helpful. This survey is organized by industry, but not by project type - e.g. the Strategy x Consumer Goods list would probably look very different from the ERP Implementation x Consumer Goods list
I've heard LEK is well known for TMT work
Are you thinking of Altman Solomon? Because LEK does extremely little TMT work. LEK is mostly a 2nd tier DD shop (a clear tier below Bain but arguably stronger in PE than any other T2 firm) - work outside of DDs is almost exclusively life sciences strategy.
I've never even heard of someone with a TMT project at LEK.
I can speak from experience that LEK does very little TMT work relative to the other T2 strategy firms. S&, Kearney, and EY-Parthenon would be comparable firms to look into if you want more TMT experience.
delete
Generally, outside of niche and specialized fields (like pharma R&D for example), MBB will be the top firms in almost any sector / function. That's why it's MBB. They have the resources, talent, and cachet to bully themselves to the top in just about anything that they want.
For example, as a firm, OW's spike is in financial services and it is extremely strong. But it's wrong to say that they're the clear top option in FS. They certainly compete with MBB but so does every other T2 regularly (remember: T2 is usually coming in at lower price). For LEK, PE is their spike, but if price is the same, you're almost never taking them over McKinsey (and goes with out saying, over Bain).
You shouldn't confuse "firm X's spike is in Y" with "firm X is therefore the leader in Y".
Strategy& for CDD (Deals team)
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