Top 50 Most Prestigious Consulting Firms for 2011
From: Jon Minners
Date: Tue, 31 Aug 2010 11:03:05 -0400
Subject: First Impressions Matter: Vault Releases Top 50 Most
Prestigious Consulting Firms for 2011
To: “firstname.lastname@example.org” Hello Gautam,
I hope this email finds you well. I had emailed you last week
concerning the kickoff of Vault’s Consulting Rankings rollout. Today,
as part of that rollout, Vault has announced its Top 50 Most
Prestigious Consulting Firms for 2011.
The rankings reflect what over 4,500 consulting insiders really think
about their competitors. I’d like to gauge your interest in writing a
story about the rankings — or including the rankings as part of an
overall trend story.
Here are a few headlines: * McKinsey & Company ranks No. 1 for the 9th straight year.
* Top 10 remains unchanged despite slight adjustments in positioning.
* A.T. Kearney, ZS Associates, and Diamond Management & Technology
Consultants make big jumps in rankings.
The Consulting Rankings rollout continues next week as Vault releases
its 2011 Consulting Practice Area Rankings and concludes on September
14, 2010 with the release of the 2011 Consulting Quality of Life
Vault editors will be available to discuss the rankings and their
impact on the consulting industry. I’ll call to follow up. In the
meantime, please let me know if you have questions.
FOR IMMEDIATE RELEASE
VAULT.COM ANNOUNCES TOP 50 MOST PRESTIGIOUS CONSULTING FIRMS FOR 2011 MCKINSEY TAKES TOP SPOT FOR 9TH STRAIGHT YEAR; A.T. KEARNEY, ZS
ASSOCIATES, DIAMOND MANAGEMENT & TECHNOLOGY CONSULTANTS MAKE BIG JUMPS New York, NY, (August 31, 2010) Vault.com, the source of ratings,
rankings and insight for the consulting industry, has released its
annual Top 50 Consulting Prestige Rankings. For the ninth straight
year, McKinsey & Company, regarded by consultants as “the gold
standard,” has been ranked No. 1.
The Vault Consulting Prestige Rankings provide a comprehensive roadmap
of who’s who in the consulting industry—ranging from big consulting
shops to smaller, niche firms, and spanning a vast swath of
industries. From March through July, over 4,500 consultants of all
levels were asked to rate consulting firms on a scale of 1 to 10 based
on prestige. (They were unable to rate their own firm, and were asked
to rate only firms with which they were familiar).
The 2011 Top 10 Most Prestigious Consulting Firms are: 1. McKinsey & Company
2. The Boston Consulting Group
3. Bain & Company
4. Booz & Company
5. Deloitte Consulting
6. Mercer LLC
7. Monitor Group
9. Ernst & Young
10. Oliver Wyman “McKinsey & Company cannot be beat in the prestige category,” said
Brian Dalton, managing editor at Vault.com. “The firm has achieved a
certain mystique that has gone unmatched since we began conducting our
consulting survey, so much so that respondents go so far as to state
that McKinsey has ‘invented the industry.’”
Survey respondents call the consulting juggernaut a “powerhouse,” “the
name for strategy,” “the best of the best,” an “industry leader” and a
“founding father.” But while the firm might be the “gold standard,”
prestige comes with a price and detractors are quick to criticize
McKinsey for being “arrogant, overpriced and very junior,”
“disconnected,” “pretentious,” “egotistical,” and “not invincible.”
But that has not stopped jobseekers from wanting to work at McKinsey.
As one associate at McKinsey notes, “although I do occasionally feel
overworked, I cannot imagine a more interesting place to work or a
better set of folks to work with.” Another associate describes
McKinsey as “a great group of very smart and motivated people who are
good at working in team settings. People here work hard together and
develop strong bonds.”
Much in line with McKinsey’s repeat at the top, this year’s prestige
ranking showed a remarkably low rate of movement from last year. The
Top 10 firms are entirely the same, with some slight adjustments in
positioning, as HR consulting firm Mercer LLC moved up two spots,
while Monitor Group and PricewaterhouseCoopers each moved down one
Rankings See Big Increases From Several Firms In Wake of Recession;
Welcome New Additions
Among the firms that made larger jumps in the rankings are A.T.
Kearney, which jumped from No. 16 last year to No. 11; ZS Associates,
which rose from No. 28 in the 2010 rankings to No. 21 for 2011; and
Diamond Management & Technology Consultants, which jumped five spots
from No. 36 last year to No. 31.
“These jumps suggest that the factors that improved firms’ perception
in the industry are stability in the face of the recession and
targeted industry focus,” added Mr. Dalton. “For instance, strategic
IT consulting is on the rise as companies seek to streamline their
processes and cut down on back-office costs, and health care
consulting will continue to play an integral role as the new
legislation continues to unfold.”
This year’s rankings also saw new firms enter into the mix this year.
Grant Thornton (No. 28) is a large, well-known accounting/consulting
shop, while The Cambridge Group (No. 35) has made a name for itself in
the growth strategy space, focusing on customer demand.
View the entire Top 50 Consulting Prestige
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