I know this isn't exactly a hot topic on this fora, and most people wouldn't categorize valuation as a consulting function, but as I've stated in other posts, there seems to be increased interest/traction in the area. The fact of the matter is that valuation groups typically fall under Advisory and often have 'consultant' titles. Either way, in my 2+ year valuation career, I've come across many different valuation groups, each with varying niches and levels of quality. I think this topic might be helpful for those recent college/MSF grads looking into bval as a potential profession.
The point of this thread is to get a sense of how this community would rank the top 5 business valuation firms. Below is a list of firms that come to mind immediately, but please feel free to add in case I've missed any big ones:
Duff & Phelps
MPI (Management Planning Inc)
VRC (Valuation Research Corporation)
Again, a list of your top 3-5 with your bottom 3 would be appreciated. An explanation of your ranking would helpful as well.
top 4 consulting valuation firms
For the most part, our users shared that the top valuation firms to work at are Houlihan Lokey, Duff & Phelps, and the big 4. Our users shard their individual rankings below.
I would say Houlihan, D&P, and the Big 4. IMO, the independent ones beat Big 4 out as far as experience since Big 4 does a lot of review audit work.
Leaving out Big 4, I'd say:
- Houlihan Lokey
- Duff and Phelps
- Stout Risius Ross
Houlihan Lokey takes the cake with more advanced transaction - related business; but D&P literally wrote the book on Valuation (Cost of Capital) and writes new issues every other year.
I worked in valuation for a few years before transitioning out but the top 5 for me in terms of work, pay, and exit opps would be:
- Houlihan Lokey
- Duff & Phelps
You can learn more about the valuation group at one of the top firms, Duff & Phelps, below.
You can read more about all the above mentioned firms on the WSO Company Database.
Read More About Valuation Firms on WSO
- How Big Is Company Valuation/ Financial Modelling At MBB Firms?
- Boutique Valuation Firm Or Big Four Financial Due Diligence?
- Should I Leave My Current Position For A Valuation Firm?
Preparing for Investment Banking Interviews?
The WSO investment banking interview course is designed by countless professionals with real world experience, tailored to people aspiring to break into the industry. This guide will help you learn how to answer these questions and many, many more.