Placement and Employment opportunities depends on the GMAT scores of the candidates. Apart from GMAT scores candidates must look at the massive global firms or small boutiques for revenue growth, operational improvements, human capital management, digital transformation, and other services. The top firms hire candidates over 30% of MBA graduates. The leading consulting companies that account for nearly 40% of the industry are PwC, Deloitte, EY, and KPMG. These firms are followed by McKinsey & Company and the BCG – US strategy giants. A huge percentage of candidates working in the consulting industry is learning from the job or being surrounded by extremely intelligent and accomplished peers. The high salaries and incentives are the bonus that a management consulting career offers.
This allure of career opportunies of consulting prevails throughout and across the business school. 

Top Business Firms to Apply

This article surrounds the top business firms that candidates from top B-schools across the world can apply. We have discussed the top business firms below. Here is the list of the top 50 consulting firms to work for in 2022-23:

1. Bain & Company
2. The Boston Consulting Group, Inc.
3. McKinsey & Company
4. Booz Allen Hamilton
5. The Parthenon Group
6. Oliver Wyman
7. Clearview Healthcare Partners
8. Deloitte Consulting LLP
9. “PricewaterhouseCoopers Advisory Services LLC (PwC Advisory Services)”
10. Putnam Associates
11. Alvarez & Marsal
12. The Bridgespan Group
13. The Keystone Group
14. ghSMART & Co.
15. A.T. Kearney
16. KPMG LLP (Advisory)
17. The Cambridge Group
18. Cornerstone Research
19. Blue Matter Consulting
20. Roland Berger
21. Kaiser Associates
22. Health Advances, LLC
23. The Brattle Group
24. GE Healthcare
25. ScottMadden, Inc.
26. Eagle Hill Consulting LLC
27. Insight Sourcing Group
28. Simon-Kucher & Partners
29. OC&C Strategy Consultants
30. DeciBio Consulting
31. Clarkston Consulting
32. Bates White Economic Consulting
33. Mercer LLC
34. Keystone Group
35. Trinity Partners, LLC
36. Pace Harmon
37. Artisan Healthcare Consulting
38. Charles River Associates
39. Kenway Consulting
40. The Chartis Group
41. NERA Economic Consulting
42. LeapPoint
43. Triangle Insights Group, LLC
44. Ignyte Group
45. Applied Value
46. The Poirier Group
47. Jabian Consulting
48. DayBlink Consulting
49. Insigniam
50. Syneos Health

Bain & Company

The main driving force of Bain & Company’s first rank is their soft skills or their problem redressal procedure – The consultant’s connection with supervisors. Bain & Company is not solely a serious working place but one will notice employees clapping high fives along with a broad smile that enlivens the environment. All these resulted in their relationship with supervisors at 9.775, client interactions at 9.756, selectivity ranked the highest at 9.904, informal training at 9.846, exit opportunities at 9.822, firm leadership at 9.800, and formal training at 9.756.

Boston Consulting Group

BCG group believes in ‘Cutting Edge. Out of the Box. Push the Envelope notion. They are famous for their innovative approach to finding the creativity behind every task. Forever debating, and working on every nook and corner, are what the BCG people do. All the daunting tasks are accompanied by handsome paychecks which BCG has topped this year. The numbers go like – Employee Selectivity (9.883), Business Outlook (9.829), Exit Opportunities (9.807), and Firm Leadership (9.729). But the areas where they slipped are – Hours Worked (7.951), Work-Life Balance (8.711), and Internal Mobility (8.717). A very positive category that excels is ‘transparency’. BCG is firm about its development method that enables its employees to earn appraisals.

McKinsey & Company

Considered the most “buttoned-up” component of the MBB group, McKinsey is the most common name when it comes to consulting companies. Functional in 130 cities over 65 countries, the company is marked with tradition, influence, prestige, and global. McKinsey employees are smart experts and the common names associated with it are Sheryl Sandberg, Sundar Pichai, and Pete Buttigieg. Spending 5 years in this corporate biggie will result in employment in any fine company as McKinseyites cherish that respect. The main hurdle faced by McKinsey is bad publicity that rolled out during the pandemic time and continued in 2021 as well. For compensation wise that numbers have downtrodden to 9.500 to 8.951. Another downfall was witnessed in the working hours from 8.631 to 8.043. But McKinsey maintained its pace in the exit opportunities and international opportunities cadre.

“McKinsey is a quick learning curve, which is both a blessing and a curse,” as enunciated by one survey respondent. “You…are always operating a level further than you think you are capable of. Overall, the focus on development at McKinsey is extremely high. Everything we do is related to growing in our roles in consulting and we build our careers around this notion.”

Vault 50 Consulting Firms

The Booz Allen Hamilton though a newbie in consulting having been founded in 1914 houses, 27,000 employees. This firm has made its way to number 4 in the Vault ranking, from 21 in 2019. Booz Allen is followed by EY-Parthenon ranking 5 and has gained 10 for Prestige similar to Booz Allen. Deloitte lost from 4th to 8th despite top-notch rankings synonymous with MBB.

Other firms that experienced a downward curve were Kearney which went down to 16th after losing 3 spots. Let us have a look at the list of the Vault 50 Consulting firms:

Vault Ranking of Boutique Firms

Vault ranking has also researched the boutique companies and listed rankings. The methodology implemented in the procedure is eliminating the Prestige component. Instead, Firm Culture (25%), Satisfaction (20%), Work-Life Balance (20%), Level of Challenge (10%), Compensation (10%), Overall Business Outlook (10%), and Promotion Policies (5%) are implemented.

Note: The information provided here will be helpful for candidates to find their way to their preferred corporate group.

MBA graduates from top B-schools get employed by some of these top 50 consulting firms. To get admission into top B-schools like Harvard, Stanford, and Kellogg, candidates require a good GMAT score. Applicants can start their GMAT Preparation depending on their exam dates, to get the targeted score.