According to data from IBISWorld, the number of management consulting firms operating in the U.S. has grown 2.6 percent annually over the past five years. They’ve also been full of work: the firms responsible for guiding businesses in navigating the turbulence across various sectors, from political instability to technological advancements to changing working practices and greater attention to sustainable development.
“Dealing with disruption and uncertainty,” claims Jack Azagury, group chief executive of strategy and consulting for design and consulting at Accenture, “makes medium- and long-term planning extremely challenging.” That’s precisely the work that the top consultants do for their customers. It’s what brought Accenture excellent ratings on Forbes’ 8th annual ranking of America’s Top Management Consulting Firms.
By surveying the industry’s insiders and clients, the companies were rated within various consulting areas (such as insurance, automotive, and health healthcare) and their expertise in the areas they provide services (including sustainability, leadership litigation, and legal). The companies that had the most suggestions in each category were awarded star ratings: 5 stars to indicate “very frequently recommended,” four stars for “frequently recommended,” and three stars for “recommended.”
What is a consultant firm?
A consultancy firm, also known as a consulting firm, is a firm that consists of a team of consultants or experts that provide professional guidance to an individual or Company at a certain amount or a specific cost.
Consultants are people who have a good grasp of their field and have the experience and qualifications enough to meet the demands of their customers.
The firm focuses on executives of companies and supplies the executives with experts, frequently referred to as experts in their field.
They will help the business develop its plans of action to meet the Company’s goals or formulate a plan before the beginning of any new endeavor. An advisory firm could be helpful in moments of crisis.
What Makes a Top Consulting Firm?
Sure, M.B.B. businesses have the most prestige. However, you may find others that can fit the career you want to pursue. What career path would you like to follow after the consulting experience? Would you instead choose the firm that has the most coverage? If you are, you could be surprised to find out there is no way that McKinsey, B.C.G., or Bain even make it into the top 10 in terms of revenues generated.
Certain consulting companies require nearly all travel, while others have a lower requirement. Certain firms charge per hour while others charge by work – but there’s a significant distinction between having to be incentivized to work fast and maximizing your hourly billable hours. You may want to be associated with a particular minority group or reside in the city of your choice. These are all essential considerations when you narrow down your selection of firms to work with.
An important note about the following list It is important to note that there are numerous ways to categorize consultants. We’ve arranged this list by the types of firms in this category and alphabetically in each class. To use the term “consulting,” we decided to use MECE (mutually exclusive, comprehensively inclusive). Also, our goal was for all of our best firms to belong to a specific grouping.
Additionally, we applied the following criteria to classify companies: Prestige, culture, compensation and Work/Life Balance, the Sort of Work Projects, Company Size, and Future Business Outlook.
Top Management Consulting firms in the U.S.A
What are the most reputable consulting companies in the U.S. that offer Management consulting services? The best Management consulting firms in the U.S. list includes the nation’s top consulting firms that specialize in Management using our own database with more than 2 million information items that provide insights from clients and consultants.
The rating is based upon the evaluation of a variety of variables, such as recommendations from customers or peer review from consultants, the depth of management capabilities consulting and implementation skills in the field of Management, the experience of initiatives in the field of Management as well as the caliber of their thought leadership.
Bain & Company
Bain and Company is a leading consulting company that specializes in the field of consulting in Management. It was formed in the year 1973. Its headquarters are in Boston, Massachusetts.
The business is an incorporated collaboration with William W. Bain and Patrick F as its founders. The Company experienced rapid growth during the 80s and successfully generated revenues of $3.7-$4.5 billion in 2017.
The firm has operations that span 59 countries that employ 8000 workers.
There have been a few distinctions in its history like Consulting Magazine’s”Best Firms to Work For” in 2016 and Consulting Magazine’s “Best Firms to Work For” as well as being ranked by the Fortune magazine as one of the “100 best companies to work for” during the year 2018.
Deloitte
Deloitte Consulting L.L.P. is the largest firm in the world for management consulting and is one of the top four accounting firms. It also has one of the most extensive professional networks around the globe.
It was established 1845 in 1845 by William Welch Deloitte in London, then expanded its operations to New York in 1880.
The primary services offered by Deloitte include audit, tax, and management consulting, as well as financial, risk, and legal advice.
Inside Public Accounting named Deloitte the number one accounting firm in 2017 and was included among the “100 Best Companies to Work For” by Fortune magazine.
The business made US$43.2 Billion in 2018, is home to 286.200 employees across the globe, and operates more than 100 sites, including China, India, and Hong Kong.
PricewaterhouseCoopers
PricewaterhouseCoopers is a multinational company that has been providing professional services to its clients since 1998 and is one of the best management consulting firms in the world.
The Company’s head office is located in London, United Kingdom, and it is considered the second-largest professional services company. It has also earned its name among the Big Four Auditors.
PwC is a global network of companies in 158 countries with 743 offices.
PricewaterhouseCoopers provides assurance, consulting, tax advisory, strategy consulting, tax controversy, data and analytics, management consulting, financial consulting, and actuarial and legal services.
McKinsey Company
McKinsey & Company is a famous management consulting company. The Company is based in America and was established 92 years ago, in 1926. James O McKinsey and Marvin Bower.
The Company provides services worldwide. The head office is located in New York and has 127 offices worldwide. The Company has over 27,000 employees, making the Company a billion-dollar business and generating over $10 billion!
The Company has a strict code of integrity and professionalism, with highly motivated and enthusiastic employees. The Company is committed to honesty, loyalty, and enthusiasm.
Booze Allen Hamilton
Company Name Booz Allen Hamilton Holding Corporation
Founded 1914
Founders Edwin G. Booz, James L. Allen, Carl L. Hamilton
Headquarters McLean, Virginia, US
The revenue is US$8.36 million (2022)
Area Served Worldwide
Specialized In Management and Technology Consulting
Website www.boozallen.com
Booze Allen Hamilton has been an industry leader in management consulting since the beginning of time, providing the business and government sectors and military organizations around the globe. Booze Allen Hamilton is located in Virginia. It boasts more than 80 international office locations with 29,200 employees that range from software developers, engineers, researchers, technologists, and even consultants.
The Company was founded in 1914 by Edwin G. Booz, James L. Allen, and Carl L. Hamilton. Their focus is mainly focused on cyber security along with digital technology, as well as data analysis. They’ve been awarded their “World’s Most Ethical Companies” grant three times from the Ethisphere Institute.
In a firm-minded commitment to the sharing of diversity, the values of equity, conservation of the environment, and social accountability, as well as excellent governance practices, Booze Allen Hamilton continues to rank among the most reputable management consulting firms not just within the United States of America but everywhere in the world.
EY Parthenon
Company Name EY Parthenon
Founded 2014
Founders William Bill Achtmeyer and John C. Rutherford
Headquarters Boston, Massachusetts, United States
The revenue of $2.3 billion (2019)
Area Served Worldwide
Specialized In Strategy Consulting
Website www.ey.com
Parthenon Group Parthenon Group was founded in 1991 by William Bill Achtmeyer and John C. Rutherford, Two ex-Bain & Company directors. The group was later referred to as the Parthenon Group. Parthenon Group later became EY Parthenon after merging with Ernst & Young in 2014.
Nowadays, they’re a major worldwide company for strategy and consulting. The acquisition has enabled the firm to increase its value chain initiatives, expand beyond auditing services, and expand its operations, thereby providing new access points for its clients.
By implementing a bold business strategy and their well-tuned private equity ventures, EY Parthenon has been on track to surpass the competition like Bain, McKinsey, and B.C.G. In 2021, Ey Parthenon was ranked 8th in the top 25 Strategies Consulting companies by the consultancy. Uk.
F.T.I. Consulting
Company Name F.T.I. Consulting
Founded 1982
Founders Joe Reynolds, Dan Luczak
Headquarters Washington, D.C., U.S.
The revenue of $2.3 billion (2019)
Area Served Worldwide
Expertise in Corporate Finance Consulting on economics
Website www.fticonsulting.com
F.T.I. Consulting is one of the biggest financial consulting companies across the U.S.A. and around the globe. They’ve earned their place in the world of economics, corporate finance consulting, litigation, forensic Consulting Technology, and strategic communication.
The Company was established in 1982 under the name Forensic Technologies International Limited. It was founded in 1982 by Joe Reynolds and Dan Luczak. They are credited for high-profile and media-focused matters, such as the Bernard Madoff fraud, the Lehman Brothers and General Motors bankruptcy cases, and the Bush. Gore case and the Major League Baseball steroid investigations in January 2020.
L.E.K. Consulting
L.E.K. Consulting is a global management consulting company that provides professional assistance on strategic planning, corporate strategies, mergers and acquisitions, and operations. The headquarters are in London in the U.K., and another in Boston, Massachusetts heading the U.S. partner. L.E.K. was established in 1983 by 3 partners of Bain & Company – James Lawrence, Iain Evans, and Richard Koch.
There are 1,200 workers with 19 offices scattered all over the world.
L.E.K. Consulting was ranked as the top Company for management-related consulting M.B.A. students. It was also classified as the second most sought-after employer for all M.B.A. Students in 2017. The Company was named the Strategic Consultants of the Year during the 2015 Health Investor Awards.
Gartner, Inc.
Gartner Inc is a multinational corporation founded 1979 in 1979 by Gideon Gartner. Gartner is a top research and consulting firm that offers expert guidance and resources to executives in I.T. finance, H.R., and Customer Service, as well as Support Legal and Compliance marketing, sales, and Supply Chain activities across the globe. The Company’s headquarters is in Connecticut, U.S.A.
Gartner is a significant client base, which includes big companies, government agencies, technology firms, and the financial community. Gartner has a solid client relationship with over 12,000 companies across more than 100 nations. Gartner boasts a staff of 15,000 people working across 100 offices throughout the globe. The Company earned U.S. $3,3 billion in 2017, rapidly growing operating profits and total assets.
Mercer L.L.C.
Mercer L.L.C. is a globally well-known multinational corporation and the largest Human Resource Consulting firm. Established in 1945, the firm is a Marsh and McLennan subsidiary company. Mercer operates offices across more than 140 cities in forty countries, with a workforce total of 21,200. It has relationships with international clients in more than 130 countries and can operate remotely with its outstanding service.
Mercer principally provides services to its clients in health, Wealth, and Career, working with top firms like Fortune 1000 and FTSE 100. The Company’s revenue was U.S. dollars 4.3 billion.
Conclusion
The consulting sector is responsible for more than 2 million job opportunities in the United States. The most lucrative revenue streams of the consulting field include Management, accounting, and scientific and technical consulting services.
There are a variety of consultants in the U.S.A., and each falls into a distinct class. The best consulting companies that are located in the U.S.A. is available above.