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Acknowledgments
Thank you to all the Vault editorial, sales, production and IT staff for writing, selling, designing and programming this guide. Special thanks to Sam Reynolds and Tom Gessner for their excellent writing and editorial support, and to Mary Sotomayor and Elena Boldeskou for their production expertise.
As always, this book is dedicated to the more than 4,500 consultants and 89 consulting fi rms who took time out of their busy schedules to distribute and complete our survey. Your insights about life at the top consulting fi rms are invaluable, and your willingness to speak candidly will help job seekers and career changes for years to come.
Table of Contents
INTRODUCTION
1
A Guide to this Guide ... 2
THE TOP 50 RANKINGS
3
Ranking Methodology ... 5
THE VAULT PRESTIGE RANKINGS
9
Prestige Ranking Methodology ... 11 Overall Prestige ... 12 Practice Area Rankings ... 14
THE QUALITY OF LIFE RANKINGS
19
Quality of Life Ranking Methodology ... 20
THE VAULT DIVERSITY RANKINGS
35
Diversity Ranking Methodology ... 37 The Best 20 Firms for Diversity ... 37 Diversity Rankings ...
THE TOP 50 FIRMS
Bain & Company
1. ... 42 The Boston Consulting Group, Inc.
2. ... 48 M
3. cKinsey & Company ... 53 A
4. nalysis Group, Inc. ... 56 T 5. he Cambridge Group ... 59 D 6. eloitte Consulting LLP ... 64 O 7. liver Wyman ... 69 A.T. Kearney 8. ... 74 T
9. riage Consulting Group ... 79 Censeo Consulting Group
10. ... 84 W
11. est Monroe Partners ... 88 C
12. ornerstone Research ... 93 PricewaterhouseCoopers LLP
13. ... 99 A
14. lvarez & Marsal ... 103 T
15. rinity Partners, LLC ... 108 B
16. ooz & Company ... 113 M
17. illiman, Inc. ... 118
Strategic Decisions Group 18. ... 123 PRTM 19. ... 128 G 20. allup Consulting ... 133 D
21. iamond Management & Technology Consultants, Inc. ... 138 H
22. ealth Advances, LLC ... 143 Strategos
23. ... 148 The Brattle Group
24. ... 152 M 25. onitor Group ... 157 A 26. lix Partners, LLP ... 163 IBM
27. Global Business Services ... 168 OC
28. &C Strategy Consultants ... 171 N 29. ovantas LLC ... 176 P 30. utnam Associates ... 181 E 31. aston Associates, LLC ... 185 A 32. ccenture ... 189 C
33. orporate Executive Board ... 194 ZS
34. Associates ... 197 L
35. .E.K. Consulting ... 202 N
36. era Economic Consulting ... 206 H
37. ewitt Associates ... 210 B
38. ates White ... 215 Pearl Meyer & Partners, LLC
39. ... 220 Q
40. uintiles Consulting ... 224 S
41. imon-Kucher & Partners ... 229 FTI
42. Consulting, Inc. ... 234 Charles River Associates
43. ... 239 N 44. avigant Consulting ... 244 C 45. apgemini ... 250 Towers Watson 46. ... 255 M 47. ercer LLC ... 257 H
48. uron Consulting Group ... 260 IMS
49. Consulting ... 262 K
50. aiser Associates ... 267
BEST OF THE REST
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition Table of Contents
ABT Associates Inc ... 272
The Advisory Board Company ... 274
Aon Consulting Worldwide ... 277
Arthur D. Little ... 280
Bainbridge ... 282
BDO Consulting ... 284
Buck Consultants ... 286
Campbell Alliance Group, Inc. ... 288
The Chartis Group ... 291
CRG Partners Group LLC ... 293
Crowe Horwath LLP ... 295
Dean & Company ... 298
Droege & Comp. ... 302
Ernst & Young ... 304
First Manhattan Consulting Group ... 307
Frederic W. Cook., Inc. ... 310
Grant Thornton LLP ... 312
Greenwich Associates ... 314
The Hackett Group, Inc. ... 316
Hay Group ... 318
ICF International, Inc. ... 320
Ingenix Consulting ... 322
KPMG LLP (U.S.) ... 324
Kurt Salmon Associates ... 327
LECG ... 329
Mars & Co. ... 331
North Highland ... 334
Opera Solutions ... 336
PA Consulting Group ... 338
The Parthenon Group ... 340
Point B ... 343
Prophet ... 346
Protiviti ... 348
Roland Berger Strategy Consultants ... 351
Scottmadden, Inc. ... 355
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition Table of Table of Contents
Visit Vault at www.vault.com for insider company profi les, expert advice,
The Segal Company ... 357
Stern Stewart & Co. ... 359
Vivaldi Partners ... 363
Zolfo Cooper ... 365
About the Editor ... 368
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition Table of Contents
Introduction
The year 2009 found the consulting industry picking up the pieces of the economic devastation wrought by the now-infamous Great Recession, a downturn that saw industry revenue decline sharply in 2008. In many ways, 2009 was actually worse than its cruel precursor; not only did revenue continue to fall, but consultants started to feel the crunch of trimmed-down staffi ng and other cost-cutting measures many fi rms applied to stay afl oat. Corporations across the globe slashed spending and cut jobs en masse, appropriating historic lows to long-term strategy development—considered a luxury expense in light of more immediate concerns.
But 2009 will also go down in history as the year in which some light broke through the clouds; there would be no repeat Depression, forecasters said, just a long slog back from the brink. Indeed, it’s one that consultancies have already begun. Anticipating a healthier future, many fi rms used the lull in business to diversify their service portfolios or implement much of their own strategic advice, improving ineffi ciencies and emerging leaner and more fl exible. Others took advantage of opportunities unique to the economic climate: Many secured lucrative contracts amidst government-funded stimulus projects, and major reforms to healthcare and fi nancial regulations saw businesses turn to consultancies for a clear path forward. Those specializing in cost-reduction and restructuring benefi tted the most; to be certain, many of their clients had no other choice but to place their fate in these consultants’ hands.
Now, the long slog persists but the prospect of growth looms brightly. To stay on top of which fi rms in the industry have the brightest prospects in the coming years, we’ve surveyed over 4,500 consultants for the 13th 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 fi rms, from gigantic multinationals to boutique fi rms with fewer than 100 employees and focused practice areas. The 89 profi les 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.
Check out the top-50 rankings to see which fi rms have the golden touch—in terms of both quality of life and industry prestige. Our rankings take into account the fact that there are plenty of considerations in choosing a consulting fi rm—for example, area of specialty, training opportunities, fi rm culture, compensation—in addition to a measure of prestige, which can put a sheen on any resume and give you access to high-caliber clients and projects. Best of luck with the job search; we’re confi dent you’ll be able to fi nd your next employer within these pages!
The Editors Vault.com
A GUIDE TO THIS GUIDE
If you’re wondering how our entries are organized, read on. Here’s a handy guide to the information you’ll fi nd packed into each fi rm profi le in this book.
Firm Facts
Locations: A listing of the fi rm’s offi ces, with the city (or cities) of its headquarters bolded. For fi rms with a relatively small number of offi ces, all cities are included. Countries for international offi ces are typically not specifi ed, unless the location is uncommon.
Practice Areas: Offi cial departments that employ a signifi cant portion of the fi rm’s consultants. Practice areas are listed in alphabetical order, regardless of their size and prominence.
Uppers and Downers: Good points and, shall we say, less positive points of the fi rm, as derived from consultant interviews and surveys, as well as other research. Uppers and downers are perceptions and are not based on statistics.
Employment Contact: The person, address or website that the fi rm identifi es as the best place to send resumes, or the appropriate contact to answer questions about the recruitment process. Sometimes more than one contact is given.
The Buzz
When it comes to other consulting fi rms, our respondents are full of opinions! We ask them to detail their views and observations about fi rms other than their own, and collect a sampling of these comments in The Buzz.
When selecting The Buzz, we include quotes most representative of the common perceptions of the fi rms held by other consultants—even if, in our opinion, the quotes do not accurately or completely describe the fi rm. Please keep in mind when reading The Buzz that it’s often more fun for outsiders to trash, rather than praise, a competing consulting fi rm. Nonetheless, The Buzz can be a valuable means of gauging a fi rm’s reputation in the consulting industry, or at least of detecting common misperceptions. We typically include two to four Buzz comments. In some instances we opt not to include The Buzz if we do not receive a diversity of comments.
The Stats
Employer Type: The fi rm’s classifi cation 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 fi rm, or of the fi rm’s consulting business.
Employees: The total number of employees, including consultants and other staff, at a fi rm in all offi ces (unless otherwise specifi ed). Some fi rms do not disclose this information; fi gures from the two most recent consecutive years the information is available (if at all) are included.
Revenue: The gross sales (in U.S. dollars) the fi rm generated in the specifi ed fi scal year(s). Some fi rms do not disclose this information; numbers from the two most recent consecutive years the information is available (if at all) are included. In some cases, revenue is given in Euro (€).
The Profi les
The profi les are divided into three sections: The Scoop, Getting Hired and Our Survey Says. The Scoop: The fi rm’s history, clients, recent company developments and other points of interest.
Getting Hired: Qualifi cations the fi rm looks for in new consultants, tips on getting hired and other notable aspects of the hiring process.
Our Survey Says: Actual quotes from surveys and interviews with current consultants at the fi rm on topics such as fi rm culture, diversity, hours, travel requirements, pay, training and more. Profi les of some fi rms do not include an Our Survey Says section.
Best of the Rest
Although the name of this book is the Vault Guide to the Top 50 Management and Strategy Consulting Firms, we didn’t stop there—we also added 39 other fi rms we thought notable and/or interesting enough for inclusion. These fi rms are listed in alphabetical order.
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition Introduction
VAULT CONSULTING 50
RANKINGS
RANKING METHODOLOGY
In the past, Vault calculated fi rms’ overall prestige ranking based solely on the votes of consultants at other fi rms. This year, we used the composite score below to analyze our initial list of 89 fi rms, which takes into account the votes of a fi rm’s own employees, as well as those external prestige rankings. While we will continue to publish prestige rankings, we believe that quality of life issues are at the core of a company’s appeal to job seekers. In fact, according to our survey results, the highest percentage of consultants have told us that they chose their current fi rm based on its culture, rather than its overall prestige in the industry.
25 percent fi rm culture 25 percent work/life balance 20 percent compensation 20 percent prestige
5 percent overall business outlook 5 percent transparency
The scores for the fi rst fi ve categories were derived directly from the survey results. The “transparency” category awards a 5 percent bonus to fi rms that distributed the survey to their consultants. Firms that did not distribute the survey internally received no points in this category. It is our view that, with increasing expectations of transparency and a free market for information, a company’s willingness to encourage employees to share their experiences externally correlates with a work culture where open feedback and self-criticism are valued—attributes that thousands of job seekers tell us are top priorities in searching for a new employer.
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Consulting 50 Rankings
Visit Vault at www.vault.com for insider company profi les, expert advice,
THE VAULT 50
v
VAULT RANKING
CONSULTING 50
RANK
FIRM
Bain & Company
The Boston Consulting Group, Inc
McKinsey & Company
Analysis Group, Inc.
The Cambridge Group
Deloitte Consulting LLP
Oliver Wyman
A.T. Kearney
Triage Consulting Group
Censeo Consulting Group
West Monroe Partners
Cornerstone Research
PricewaterhouseCoopers
Alvarez & Marsal
Trinity Partners, LLC
Booz & Company
Milliman, Inc.
Strategic Decisions Group
PRTM
Gallup Consulting
Diamond Management & Technology Consulting, Inc.
Health Advances, LLC
Strategos
The Brattle Group
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
SCORE
8.492
8.176
8.159
7.251
7.178
7.162
7.123
7.089
7.024
6.903
6.899
6.897
6.890
6.844
6.840
6.814
6.795
6.774
6.769
6.761
6.753
6.729
6.704
6.696
HQ/LARGEST OFFICE
Boston, MA
Boston, MA
New York, NY
Boston, MA
Chicago, IL
New York, NY
New York, NY
Chicago, IL
San Francisco ,CA
Washington, DC
Chicago, IL
San Francisco, CA
New York, NY
New York, NY
Waltham, MA
New York, NY
Seattle, WA
Palo Alto, CA
Waltham, MA
Washington, DC
Chicago, IL
Weston, MA
Chicago, IL
Cambridge, MA
7
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Consulting 50 Rankings
RANK
FIRM
AlixPartners, LLP
IBM Global Business Services
OC&C Strategy Consultants
Novantas LLC
Putnam Associates
Easton Associates, LLC
Accenture
Corporate Executive Board
ZS Associates
L.E.K. Consulting
NERA Economic Consulting
Hewitt Associates
Bates White
Pearl Meyer & Partners, LLC
Quintiles Consulting
Simon-Kucher & Partners
FTI Consulting, Inc.
CRA International, Inc.
Navigant Consulting, Inc.
Capgemini
Towers Watson
Mercer LLC
Huron Consulting Group
IMS Health Incorporated
Kaiser Associates
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
SCORE
6.628
6.627
6.598
6.595
6.594
6.589
6.586
6.583
6.574
6.463
6.405
6.360
6.251
6.239
6.187
6.084
5.974
5.973
5.841
5.767
5.679
5.652
5.517
5.481
5.184
HQ/LARGEST OFFICE
Southfi eld, MI
Armonk, NY
London
New York, NY
Burlington, MA
New York, NY
New York, NY
Arlington, VA
Evanston, IL
Boston, MA
New York, NY
Lincolnshire, IL
Washington, DC
New York, NY
Hawthorne, NY
Boston, MA/Bonn
West Palm Beach, FL
Boston, MA
Chicago, IL
New York, NY/Paris
New York, NY
New York, NY
Chicago, IL
Norwalk, CT
Washington, DC
PRESTIGE
RANKINGS
PRESTIGE RANKING METHODOLOGY
Survey respondents were asked to rate each consulting fi rm 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 fi rm, and they were asked to rate only those fi rms with which they were familiar.
Vault collected the survey results and averaged the score for each fi rm. The fi rms were then ranked, with the highest score being No. 1, down to No. 50.
We also asked survey respondents to give their perceptions of other consulting fi rms besides their own. A selection of those comments is featured on each fi rm profi le as The Buzz.
Remember that Vault’s top-50 prestigious consulting fi rms are chosen by practicing consultants at top consulting fi rms. Vault does not choose or infl uence these rankings. The rankings measure perceived prestige (as determined by consulting professionals) and not revenue, size or lifestyle.
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Prestige Rankings
Visit Vault at www.vault.com for insider company profi les, expert advice,
RANK
FIRM
McKinsey & Company
The Boston Consulting Group, Inc.
Bain & Company
Booz & Company
Deloitte Consulting LLP
Mercer LLC
Monitor Group
PricewaterhouseCoopers
Ernst & Young LLP
Oliver Wyman
A.T. Kearney
Accenture
KPMG LLP
IBM Global Business Services
L.E.K. Consulting
The Parthenon Group
Towers Watson
AlixPartners, LLP
Navigant Consulting, Inc.
Alvarez & Marsal
ZS Associates
Capgemini
FTI Consulting, Inc.
NERA Economic Consulting
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
SCORE
8.732
8.275
8.130
6.637
5.999
5.990
5.978
5.869
5.758
5.616
5.500
5.471
5.416
5.366
5.072
4.892
4.819
4.709
4.549
4.536
4.467
4.446
4.312
4.293
2010 RANK
1
2
3
4
5
8
6
7
9
10
16
11
13
12
19
17
14
15
24
21
28
23
20
22
PRACTICE AREA RANKINGS
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Prestige Rankings
13
RANK
FIRM
Roland Berger Strategy Consultants
Huron Consulting Group
Grant Thornton LLP
Arthur D. Little
PRTM
Diamond*
Aon Consulting Worldwide
Kurt Salmon Associates
Cornerstone Research
The Cambridge Group
CRA International, Inc.
Gallup Consulting
Corporate Executive Board
LECG
The Advisory Board Company
Analysis Group, Inc.
Hay Group
Mars & Co
First Manhattan Consulting Group
IMS Health Incorporated
Milliman, Inc.
Zolfo Cooper
Bainbridge
BDO Consulting
Buck Consultants
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
SCORE
4.157
4.151
4.049
4.026
3.887
3.858
3.818
3.815
3.784
3.760
3.741
3.709
3.642
3.600
3.543
3.502
3.427
3.342
3.306
3.188
3.179
3.169
3.167
3.122
3.121
2010 RANK
27
25
NR
30
31
36
35
32
37
NR
29
34
38
33
44
40
39
43
46
47
41
42
NR
NR
48
*Diamond Management & Technology Consultants, Inc. NR= Not Ranked
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Prestige Rankings
PRACTICE AREA RANKINGS
Vault also asked consultants to rank the best fi rms in several areas of business focus. These areas are business advisory, economic consulting, energy consulting, fi nancial consulting, human resources consulting, operations consulting, and pharmaceutical and health care consulting. Consultants were allowed to vote for up to three fi rms as the best in each area, other than their own.
The following charts indicate the rankings in each practice area, along with the total percentage of consultants who voted in favor of each fi rm. (Because consultants could vote for up to three fi rms, the percentages add up to more than 100 percent.)
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Prestige Rankings
RANK
FIRM
NERA Economic Consulting
McKinsey & Company
Bain & Company
The Boston Consulting Group, Inc.
Analysis Group, Inc.
CRA International, Inc.
Cornerstone Research
LECG
Deloitte Consulting LLP
Booz & Company
1
2
3
4
5
6
7
8
9
10
SCORE
28.28
28.09
16.93
13.19
12.62
11.22
10.97
9.70
8.12
7.99
2010 RANK
1
3
7 (TIE)
7 (TIE)
4
2
6
5
8
9
Economic Consulting
RANK
FIRM
McKinsey & Company
Booz & Company
Bain & Company
Accenture
The Boston Consulting Group, Inc.
Deloitte Consulting LLP
IBM Global Business Services
CRA International, Inc.
Navigant Consulting, Inc.
Arthur D. Little
1
2
3
4
5
6
7
8 (TIE)
8 (TIE)
9
SCORE
41.76
18.88
15.36
14.40
12.48
9.28
8.80
5.92
5.92
5.76
2010 RANK
1
2
3
5
4
6
10
8
7
NR
Energy Consulting
RANK
FIRM
McKinsey & Company
Ernst & Young
Deloitte Consulting LLP
PricewaterhouseCoopers
Bain & Company
KPMG
The Boston Consulting Group, Inc.
Oliver Wyman
FTI Consulting, Inc.
Accenture
1
2
3
4
5
6
7
8
9
10
SCORE
31.09
22.20
20.39
19.96
19.74
14.97
13.52
12.87
8.68
8.46
2010 RANK
1
5
2
3 (TIE)
4
7
6
3 (TIE)
8
NR
Financial Consulting
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Prestige Rankings
Visit Vault at www.vault.com for insider company profi les, expert advice,
career message boards, expert resume reviews, the Vault Job Board and more. 15
A.T. Kearney
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Prestige Rankings
RANK
FIRM
Mercer LLC
Towers Watson
Hewitt Associates
Hay Group
Deloitte Consulting LLP
Aon Consulting Worldwide
Oliver Wyman
McKinsey & Company
Accenture
Buck Consultants
1
2
3
4
5
6
7
8
9
10
SCORE
55.97
33.82
28.29
9.94
9.27
7.47
6.80
6.07
4.47
3.74
2010 RANK
1
2*
4
5
6
8
10
7
9
NR
Human Resources Consulting
RANK
FIRM
A.T. Kearney
McKinsey & Company
Accenture
Deloitte Consulting LLP
Booz & Company
Bain & Company
IBM Global Business Services
PRTM
The Boston Consulting Group
1
2
3
4
5
6 (TIE)
6 (TIE)
7
8
SCORE
31.29
30.36
28.80
18.87
17.93
14.52
14.52
11.57
10.02
2010 RANK
3
4
1
2
5
7
6
9
8
AlixPartners, LLP
9
10
5.59
Operations Consulting
*In June 2009, Towers Perrin agreed to a merger with Watson Wyatt. Our survey was conducted in spring 2009, so the fi rms appeared separately. In the human resources practice area ranking, Towers Perrin was No.2 and Watson Wyatt Worldwide was No. 3.
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Prestige Rankings
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RANK
FIRM
McKinsey & Company
ZS Associates
IMS Health Incorporated
The Boston Consulting Group, Inc.
Bain & Company
Deloitte Consulting LLP
Mercer LLC
L.E.K. Consulting
Health Advances, LLC
Kaiser Associates
1
2
3
4
5
6
7
8
9
10
SCORE
30.10
23.02
22.55
14.73
10.62
7.74
7.08
6.90
5.96
5.03
2010 RANK
1
2
4
3
6
5
7
NR
NR
NR
Pharmaceutical & Health Care Consulting
RANK
FIRM
McKinsey & Company
Bain & Company
The Boston Consulting Group, Inc.
Booz & Company
Deloitte Consulting LLP
Accenture
PricewaterhouseCoopers LLP
Ernst & Young
Monitor Group
AlixPartners, LLP
1
2
3
4
5
6
7
8
9
10
SCORE
77.13
61.86
47.89
15.23
10.30
9.20
5.52
4.97
4.86
4.15
Business Advisory
QUALITY OF LIFE
RANKINGS
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Quality of Life Rankings
QUALITY OF LIFE RANKING METHODOLOGY
In addition to ranking other fi rms in terms of prestige, survey respondents were asked to rate their own fi rms in a variety of categories. On a scale of 1 to 10, with 10 being the highest and 1 the lowest, respondents evaluated their fi rms in the following “quality of life” areas:
A fi rm’s score in each category is simply the average of consultants’ ratings of their fi rms in that category. In compiling our quality of life rankings, we only ranked fi rms that received 10 or more responses from their consultants.
Overall satisfaction Compensation Work/life balance Hours in the offi ce Travel requirements Overall business outlook Firm leadership
Formal training Interaction with clients Relationships with supervisors Firm culture
Selectivity Promotion policies Green initiatives
The Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition Vault Quality of Life Rankings
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RANK
FIRM
McKinsey & Company
Bain & Company
West Monroe Partners
Health Advances, LLC
Milliman, Inc.
Analysis Group, Inc.
The Cambridge Group
The Boston Consulting Group, Inc.
Corporate Executive Board
Easton Associates, LLC
1
2
3
4
5
6
7
8
9
10
SCORE
9.375
9.301
8.931
8.879
8.750
8.714
8.660
8.629
8.600
8.500
Deloitte Consulting LLP
11
8.460
Strategic Decisions Group
Censeo Consulting Group
AlixPartners, LLP
Trinity Partners, LLC
PRTM
Gallup Consulting
Triage Consulting Group
12
13
14
15
16
17
18
8.375
8.364
8.356
8.333
8.288
8.275
8.270
Strategos
Booz & Company
19
20
8.267
8.253
Overall Satisfaction
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Quality of Life Rankings
RANK
FIRM
The Boston Consulting Group, Inc.
The Cambridge Group
McKinsey & Company
Bain & Company
Analysis Group, Inc.
Trinity Partners, LLC
Corporate Executive Board
Novantas LLC
A.T. Kearney
Oliver Wyman
1
2
3
4
5
6
7
8
9
10
SCORE
8.749
8.638
8.625
8.480
8.429
8.423
8.400
8.061
7.926
7.767
Diamond Management & Technology Consultants
11
7.714
AlixPartners, LLP
The Brattle Group
Bates White
Health Advances, LLC
Strategos
Milliman, Inc.
Alvarez & Marsal
12
13
14
15
16
17
18
7.700
7.694
7.690
7.636
7.600
7.594
7.592
Cornerstone Research
PRTM
19
20
7.590
7.519
Compensation
On a scale of 1 to 10, where 1 is far below average and 10 is far in excess of industry average, how would you rate your fi rm’s compensation (including salary and bonus)?
The Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition Vault Quality of Life Rankings
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RANK
FIRM
Triage Consulting Group
Censeo Consulting Group
Bain & Company
Strategos
Strategic Decisions Group
West Monroe Partners
Easton Associates, LLC
Analyis Group, Inc.
The Cambridge Group
Gallup Consulting
1
2
3
4
5
6
7
8
9
10
SCORE
9.194
9.000
8.819
8.600
8.571
8.391
8.375
8.286
8.170
8.125
Putnam Associates
11
8.107
Health Advances, LLC
The Boston Consulting Group, Inc.
Milliman, Inc.
OC&C Strategy Consultants
Quintiles Consulting
Cornerstone Research
Pearl Meyer & Partners, LLC
12
13
14
15
16
17
18
8.061
8.017
8.000
7.900
7.800
7.725
7.629
McKinsey & Company
Alvarez & Marsal
19
20
7.625
7.611
Work/Life Balance
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Quality of Life Rankings
RANK
FIRM
Triage Consulting Group
West Monroe Partners
Analysis Group, Inc.
Pearl Meyer & Partners, LLC
Bain & Company
Gallup Consulting
Strategos
Corporate Executive Board
Censeo Consulting Group
IBM Global Business Services
1
2
3
4
5
6
7
8
9
10
SCORE
8.921
8.437
8.429
8.394
8.366
8.300
8.267
8.100
8.045
8.000
Health Advances, LLC
11
7.970
The Cambridge Group
Alvarez & Marsal
Easton Associates, LLC
Milliman, Inc.
McKinsey & Company
OC&C Strategy Consultants
AlixPartners, LLP
12
13
14
15
16
17
18
7.957
7.949
7.875
7.813
7.750
7.710
7.708
Putnam Associates
Strategic Decisions Group
19
20
7.704
7.688
Hours in the Offi ce
On a scale of 1 to 10, where 1 means completely unsatisfi ed and 10 means extremely satisfi ed, please rank your satisfaction with the number of hours you spend in the offi ce each week.
The Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition Vault Quality of Life Rankings
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RANK
FIRM
Cornerstone Research
Bates White
Putnam Associates
Health Advances, LLC
Analysis Group, Inc.
The Brattle Group
L.E.K. Consulting
Censeo Consulting Group
NERA Economic Consulting
Kaiser Associates
1
2
3
4
5
6
7
8
9
10
SCORE
9.795
9.619
9.286
9.242
9.143
9.086
9.042
8.955
8.926
8.900
ZS Associates
11
8.797
Pearl Meyer & Partners, LLC
OC&C Strategy Consultants
Simon-Kucher & Partners
IMS Health Incorporated
CRA International, Inc.
The Cambridge Group
Trinity Partners, LLC
12
13
14
15
16
17
18
8.774
8.677
8.587
8.576
8.522
8.478
8.407
Hewitt Associates
Mercer LLC
19
20
8.043
7.750
Travel Requirements
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Quality of Life Rankings
RANK
FIRM
McKinsey & Company
The Boston Consulting Group, Inc.
West Monroe Partners
Trinity Partners, LLC
Bain & Company
Novantas LLC
Diamond Management & Technology Consultants, Inc
Deloitte Consulting LLP
Putnam Associates
PRTM
1
2
3
4
5
6
7
8
9
10
SCORE
10.000
9.650
9.575
9.520
9.506
9.490
9.361
9.336
9.214
9.137
The Cambridge Group
11
9.130
Booz & Company
OC&C Strategy Consultants
Triage Consulting Group.
Accenture
Easton Associates, LLC
The Brattle Group
12
13
14
15
16
17 (TIE)
17 (TIE)
9.031
8.967
8.885
8.881
8.844
8.750
8.750
Oliver Wyman
Analysis Group, Inc
18
19
8.719
8.714
IBM Global Business Services
20
8.571
Overall Business Outlook
On a scale of 1 to 10, where 1 is extremely poor and 10 is excellent, how would you rate the business outlook for your company?
The Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition Vault Quality of Life Rankings
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RANK
FIRM
McKinsey & Company
Bain & Company
Health Advances, LLC
Triage Consulting Group
Strategic Decisions Group
PricewaterhouseCoopers
Accenture
The Boston Consulting Group, Inc.
Corporate Executive Board
L.E.K. Consulting
1
2
3
4
5
6
7
8
9
10
SCORE
9.750
9.732
9.152
8.661
8.500
8.302
8.200
8.156
8.111
7.979
Deloitte Consulting LLP
11
7.976
Trinity Partners, LLC
ZS Associates
A.T. Kearney
Diamond Management & Technology Consultants, Inc
The Cambridge Group
West Monroe Partners
12
13
14
15
16
17
18
7.815
7.762
7.718
7.550
7.414
7.404
7.267
The Brattle Group
Censeo Consulting Group
19
20
7.229
7.227
Formal Training
On a scale of 1 to 10, with 1 being very poor and 10 being excellent, how would you rate your satisfaction with the training offered by your fi rm?
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Quality of Life Rankings
RANK
FIRM
Corporate Executive Board
Milliman, Inc.
PRTM
Gallup Consulting
West Monroe Partners
McKinsey & Company
Bain & Company
A.T. Kearney
Kaiser Associates
Diamond Management & Technology Consultants, Inc
1
2
3
4
5
6
7
8
9
10
SCORE
9.222
9.219
9.212
9.175
9.167
9.125
9.061
9.041
9.000
8.991
Booz & Company
11
8.989
Novantas LLC
Censeo Consulting Group
AlixPartners, LLP
Deloitte Consulting LLP
The Boston Consulting Group, Inc.
IBM Global Business Services
Health Advances, LLC
12
13
14
15
16
17
18 (TIE)
8.958
8.944
8.938
8.935
8.926
8.900
8.813
Strategic Decisions Group
Strategos
18 (TIE)
19 (TIE)
8.813
8.800
Towers Watson
19 (TIE)
8.800
Interaction with Clients
On a scale of 1 to 10, how satisfi ed are you with your opportunity to interact with your clients’ top-level management?
Alvarez & Marsal
The Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition Vault Quality of Life Rankings
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RANK
FIRM
McKinsey & Company
Trinity Partners, LLC
Bain & Company
The Cambridge Group
PRTM
Strategos
Novantas LLC
West Monroe Partners
Health Advances, LLC
Strategic Decisions Group
1
2
3
4
5
6
7
8
9
10
SCORE
9.500
9.333
9.300
9.255
9.235
9.214
9.163
9.145
9.121
9.071
Deloitte Consulting LLP
11
9.057
Milliman, Inc.
Monitor Group
The Boston Consulting Group, Inc
Triage Consulting Group
Censeo Consulting Group
Analysis Group
Corporate Executive Board
12
13
14
15
16
17
18
9.032
9.000
8.947
8.919
8.909
8.857
8.778
The Brattle Group
Booz & Company
19
20
8.743
8.731
Relationships with Supervisors
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Quality of Life Rankings
SCORE
RANK
FIRM
Bain & Company
West Monroe Partners
Analysis Group, Inc.
Strategic Decisions Group
Triage Consulting Group
Censeo Consulting Group
OC&C Strategy Consultants
Trinity Partners, LLC
Easton Associates, LLC
McKinsey & Company
1
2
3
4
5
6
7
8
9 (TIE)
9 (TIE)
Cornerstone Research
The Boston Consulting Group, Inc.
Deloitte Consulting LLP
Strategos
Gallup Consulting
The Brattle Group
Diamond Management & Technology Consultants, Inc.
11
12
13
14
15
16
17
Milliman, Inc.
A.T. Kearney
18
19
9.759
9.471
9.429
9.313
9.254
9.182
9.167
9.148
9.125
9.125
9.061
9.000
8.936
8.904
8.857
8.821
8.778
8.719
8.688
8.598
Health Advances, LLC
10
Firm Culture
On a scale of 1 to 10, where 1 is not at all pleasant and 10 is extremely pleasant, assess your fi rm’s culture.
The Cambridge Group
The Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition Vault Quality of Life Rankings
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SCORE
RANK
FIRM
McKinsey & Company
Bain & Company
Strategic Decisions Group
The Cambridge Group
Corporate Executive Board
The Boston Consulting Group, Inc.
PRTM
Trinity Partners, LLC
Novantas LLC
West Monroe Partners
1
2
3
4
5
6
7
8
9
10
Health Advances, LLC
Deloitte Consulting LLP
Oliver Wyman
Easton Associates, LLC
Monitor Group
Triage Consulting Group
Milliman, Inc
12
13
14
15
16
17
18
Diamond Management & Technology Consultants, Inc.
Putnam Associates
19 (TIE)
19 (TIE)
9.571
9.084
8.600
8.511
8.500
8.450
8.373
8.370
8.333
8.318
8.286
8.258
8.088
8.006
8.000
7.875
7.774
7.710
7.679
7.679
Analysis Group, Inc.
11
Promotion Policies
On a scale of 1 to 10, with 1 being very poor and 10 being excellent, how would you rate your satisfaction with your fi rm’s promotion policies?
A.T. Kearney
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Quality of Life Rankings
SCORE
RANK
FIRM
Triage Consulting Group
A.T. Kearney
Bain & Company
Trinity Partners, LLC
L.E.K. Consulting
IBM Global Business Services
Deloitte Consulting LLP
PricewaterhouseCoopers
Corporate Executive Board
Gallup Consulting
1
2
3
4
5
6
7
8
9
10
Accenture
Cornerstone Research
The Boston Consulting Group, Inc.
Censeo Consulting Group
Strategic Decisions Group
The Brattle Group
West Monroe Partners
12
13
14
15
16
17
18
Navigant Consulting, Inc.
OC&C Strategy Consultants
19
20
9.197
8.739
8.531
8.480
8.417
8.250
8.175
8.140
8.100
8.027
7.959
7.906
7.892
7.872
7.700
7.625
7.583
7.548
7.429
7.333
PRTM
11
Green Initiatives
On a scale of 1 to 10, where 1 is not at all committed and 10 is extremely committed, how dedicated is your fi rm to pursuing environmentally sustainable (“green”) business practices?
The Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition Vault Quality of Life Rankings
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SCORE
RANK
FIRM
McKinsey & Company
Bain & Company
Strategic Decisions Group
The Cambridge Group
Corporate Executive Board
The Boston Consulting Group, Inc.
PRTM
Trinity Partners, LLC
Novantas LLC
West Monroe Partners
1
2
3
4
5
6
7
8
9
10
Health Advances, LLC
Deloitte Consulting LLP
Oliver Wyman
Easton Associates, LLC
Monitor Group
Triage Consulting Group
Milliman, Inc
12
13
14
15
16
17
18
Diamond Management & Technology Consultants, Inc.
Putnam Associates
19 (TIE)
19 (TIE)
9.571
9.084
8.600
8.511
8.500
8.450
8.373
8.370
8.333
8.318
8.286
8.258
8.088
8.006
8.000
7.875
7.774
7.710
7.679
7.679
Analysis Group, Inc.
11
Promotion Policies
On a scale of 1 to 10, with 1 being very poor and 10 being excellent, how would you rate your satisfaction with your fi rm’s promotion policies?
A.T. Kearney
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Quality of Life Rankings
SCORE
RANK
FIRM
McKinsey & Company
Bain & Company
West Monroe Partners
The Boston Consulting Group, Inc.
Trinity Partners, LLC
Analysis Group, Inc.
Health Advances, LLC
Novantas LLC
Deloitte Consulting LLP
PRTM
1
2
3
4
5
6
6
6
7
8
Milliman, Inc
OC&C Strategy Consultants
The Cambridge Group
A.T. Kearney
Censeo Consulting Group
AlixPartners, LLP
PricewaterhouseCoopers
10
11
12
13
14
15
16
Strategic Decisions Group
Diamond Management & Technology Consultants, Inc.
17
18
9.600
9.506
9.333
9.229
9.160
9.000
9.000
9.000
8.917
8.885
8.676
8.655
8.567
8.543
8.517
8.476
8.441
8.388
8.375
8.349
Alvarez & Marsal
9
Firm Leadership
On a scale of 1 to 10, with 1 being very poor and 10 being excellent, how would you rate your overall level of confi dence in your fi rm’s leadership?
Triage Consulting Group
19
8.328
Accenture
DIVERSITY
RANKINGS
DIVERSITY RANKING METHODOLOGY
Vault’s survey asked consultants to rate their fi rm’s diversity with respect to women, with respect to minorities and with respect to gays, lesbians, bisexuals and transgender individuals. When asking consultants to assess their fi rm’s diversity in these categories, we asked them to think about hiring, promoting, mentoring and other programs.
THE BEST 20 FIRMS FOR DIVERSITY
To determine an overall diversity score, we took the average of the scores fi rms received in each of the three diversity categories (women, minorities and GLBT).
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Diversity Rankings
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SCORE
RANK
FIRM
Bain & Company
Strategic Decisions Group
IMS Health Incorporated
Easton Associates, LLC
Health Advances, LLC
Deloitte Consulting LLP
Gallup Consulting
Corporate Executive Board
Trinity Partners, LLC
Cornerstone Research
1
2
3
4
5
6
7
8
9
10
The Boston Consulting Group, Inc.
Accenture
Analysis Group, Inc.
The Brattle Group
The Cambridge Group
Hewitt Associates
West Monroe Partners
12
13
14
15
16
17
18
McKinsey & Company
Pearl Meyer & Partners, LLC
19
20
9.083
9.042
8.838
8.821
8.814
8.725
8.711
8.700
8.680
8.649
8.560
8.537
8.389
8.349
8.304
8.291
8.272
8.265
8.200
8.177
IBM Global Business Services
Diversity—Women
On a scale of 1 to 10, where 1 means needs a lot of improvement and 10 means exemplary, how receptive is your fi rm to women in terms of hiring, promoting, mentoring and other programs?
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Diversity Rankings
RANK
FIRM
Easton Associates, LLC
Health Advances, LLC
Corporate Executive Board
Trinity Partners, LLC
The Cambridge Group
Analysis Group, Inc.
Bain & Company
Cornerstone Research
Triage Consulting Group
IMS Health Incorporated
1
2
3
4
5
6
7
8
9
10
SCORE
9.750
9.515
9.300
9.280
9.239
9.143
9.125
9.108
9.097
9.030
Gallup Consulting
11
9.026
Deloitte Consulting LLP
Strategic Decisions Group
McKinsey & Company
Pearl Meyer & Partners, LLC
IBM Global Business Services
CRA International
Hewitt Associates
12
13
14
15
16
17
18
8.992
8.875
8.800
8.793
8.750
8.696
8.604
The Brattle Group
The Boston Consulting Group, Inc.
19
20
8.583
8.517
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Diversity Rankings
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Diversity—Minorities
On a scale of 1 to 10, where 1 means needs a lot of improvement and 10 means exemplary, how receptive is your fi rm to minorities in terms of hiring, promoting, mentoring and other programs?
RANK
FIRM
Censeo Consulting Group
Bain & Company
Strategic Decisions Group
Deloitte Consulting LLP
Gallup Consulting
Trinity Partners, LLC
Accenture
IBM Global Business Services
PRTM
IMS Health Incorporated
1
2
3
4
5
6
7 (TIE)
7 (TIE)
8
9
SCORE
9.100
8.756
8.688
8.566
8.564
8.520
8.500
8.500
8.420
8.394
The Brattle Group
10
8.361
Health Advances, LLC
The Boston Consulting Group, Inc.
West Monroe Partners
PricewaterhouseCoopers
The Cambridge Group
A.T. Kearney
Cornerstone Research
11
12
13
14
15
16
17
8.303
8.282
8.233
8.163
8.156
8.126
8.108
Pearl Meyer & Partners
Hewitt Associates
18
19
8.103
8.098
Corporate Executive Board
20 (TIE)
8.000
Easton Associates, LLC
McKinsey & Company
20 (TIE)
20 (TIE)
8.000
8.000
Vault Guide to the Top 50 Management and Strategy Consulting Firms, 2011 Edition The Vault Diversity Rankings
RANK
FIRM
Strategic Decisions Group
Bain & Company
IMS Health Incorporated
The Boston Consulting Group, Inc.
Corporate Executive Board
Cornerstone Research
Easton Associates, LLC
Health Advances, LLC
Deloitte Consulting LLP
Simon-Kucher & Partners
1
2
3
4
5
6
7
8
9
10
SCORE
9.563
9.367
9.091
8.812
8.800
8.730
8.714
8.625
8.617
8.587
Gallup Consulting
11
8.543
Monitor Group
Novantas LLC
IBM Global Business Services
Analysis Group, Inc.
PRTM
Accenture
Bates White
12
13
14
15
16
17
18
8.491
8.479
8.429
8.333
8.271
8.246
8.244
Trinity Partners, LLC
Hewitt Associates
19
20
8.240
8.114
Diversity—GLBT
On a scale of 1 to 10, where 1 means very poor and 10 means excellent, how would you rate your fi rm’s commitment to diversity with respect to gays, lesbians, bisexuals and transgender individuals?
