Management consulting is the activity of providing guidance about management to firms and organizations. This guidance helps them improve their overall performance. This service is provided by management specialists who are known as consultants. They provide it mainly to businesses and corporations. However, they also help government agencies and non-profit bodies to improve their operational efficiency. Management firms normally hire people who are bright and can think on their feet. They also prefer people who can come up with creative solutions for any problems which they encounter. Moreover, consultants can work effectively in teams and show high levels of professionalism when they interact with their clients. They spend their days collecting information, coming up with insights and applying effective solutions. There some management firms that are extremely effective. They are recognized as the cream of the crop in the industry. Here are the top 10 most prestigious management consulting firms that you should aim for.
McKinsey & Company
McKinsey & Company is one of the most prestigious management consulting firms. Their brand is secure and strong. The company was founded 9 decades ago. Ever since, it has developed a reputation for very high quality services. They have a brutally competitive corporate culture, insistence on professionalism and experience with business practices across the globe. McKinsey & Company works with 75% of all the largest companies in the world. Examples of these are General Electric, Johnson & Johnson and AT&T. Moreover, the training process for consultants at McKinsey & Company is highly rigorous and only the best make the cut. As such, major executives around the world are alumni of McKinsey & Company. Examples of these are the Chief Executive Officer (CEO) at Google, Sundar Pichai, Sheryl Sandberg who is the Chief Operating Officer (COO) at Facebook and the Chairman at Morgan Stanley, James Gorman. The firm is diverse, robust, highly connected and one of the most prestigious ones in management consulting.
Oliver Wyman
This is a mid-sized management consulting firm which delivers results just as effectively as the big, global ones. At Oliver Wyman, the consultants are encouraged to grow and develop at their own pace. They go through a tough process of interviewing. The firm only employs graduates or former consultants who have achieved high standards of expertise. The corporate culture is intense and there is tremendous competition. Moreover, the staff is encouraged to be hardworking, solve challenging management problems in companies and deliver results. Hence, it is a prestigious place to work.
Bain & Co.
This is a management consulting company that prides itself on the ability to make a positive difference in the managment methods of its clients. The consultants in this company are highly talented and are surrounded by business leaders who are supportive. Bain & Co. consistently picks the most difficult management problems to work on. Examples of these are management reorganization during and after mergers. The work schedule at Bain & Co. is highly demanding and consultants often have a tough travel itinerary. They have to learn how to manage stress and deliver on time. It is a challenging environment that is ideal for management graduates and anyone in this industry too.
The Brattle Group
Brattle Group is one of the management consulting firms which is known for having a constructive, development-oriented corporate culture. The leadership in the company is astute and highly knowledgeable. They even have a Nobel-prize winner among the leadership. At this firm, consultants are challenged to solve unique business problems every day. They are kept on their toes through unpredictable and competitive hours. The training process at the Brattle Group results in elite staff. Thus, it is a respected and prestigious management firm today.
Boston Consulting Group (BCG)
Located in the American city of Boston, BCG is a high impact management consulting company. It is known as being one of the Ivy League firms in America. Its staff is made up of the best management graduates from top universities. At BCG, consultants are trained professionally to give 100% focus on their clients. The training focuses on learning new skills and strategies in management. Moreover, they get amazing healthcare benefit plans. At Boston Consulting Group (BCG), the consultants perform under very high pressure. They are trained to focus fully on the clients' matters. Thus, they sacrifice their lives outside the office. It is a strategic, successful and focused management consulting firm.
Ernst & Young
Mention the name of this firm and a huge number of companies in the business, finance, manufacturing and information technology sectors will nod in approval. Ernst & Young is a management consulting firm that has worked with companies on all continents. This is because they handle processes which are fundamental in business. Examples of these are tax advice, financial management, valuation as well as charting strategic plans for business growth. Consultants from this prestigious firm also help organizations to improve their performance and offer specialized guidance through transitional phases like mergers and acquisitions. Ernst & Young is definitely one of the top management consulting firms in the world.
Deloitte Consulting
This management firm is part of the huge Deloitte company. In this corporate behemoth, Deliotte Consulting has set itself apart by being highly effective and dedicated to excellence. The company performs re-training of all recruits by teaching new management skills and approaches. They also perform employee development through a unique, in-house corporate culture. At Deloitte Consulting, the employees are able to handle very challenging management problems. By showing dedication and excellence, they rise up the company through a heavily demanding structure of promotion. The level of internal competition at this firm is very high. This drives excellence in the way that their consultants interact with clients. Consistent positive results make Deloitte Consulting one of the most prestigious management consulting firms in the world.
PriceWaterHouse Coopers
This is one of the biggest management firms. PriceWaterHouse Coopers is well known for its accounting and management services too. Any consultants who join this company get specialized training from highly capable experts. At this firm, you are able to effectively develop your career. Moreover, you are able to perform growth that lasts for a long time and gves you a bright professional future. At PriceWaterHouse Coopers, every consultant is expected to meet very high expectations for growth annually. The company utilizes intelligent strategies and applies hands-on operation in solving management problems. Being such a big firm, they work with hundreds of companies and organizations. This makes PriceWaterHouse Coopers one of the most prestigious management consulting firms in the world.
Accenture
With connections and partnerships reaching across the globe, Accenture is one of the most respected and prestigious management consuling firms today. Their consultants are able to handle strategic mangement of company finances and perform accurate business valuation. These services are especially important in a case where a merger is being conducted or through a period of exponential growth. Moreover, they perform operational management as well as astute capital allocation. As such, the consultants from Accenture are known for professionalism and attention to detail. These characteristics make the firm highly prestigious and respected too.
A.T. Kearney
This is another far-reaching management consulting firm. Their focus is on assisting companies which operate in the finance sector. Thus, consultants from A.T. Kearney are highly skilled in management planning on a strategic level, overseeing mergers and directing management staff reorganization. They also oversee acquisitions and advise departments which deal in sales, marketing and procurement. A.T. Kearney is well know for their professional approach to client problems. Moreover, their consultants have a deep understanding of how the financial world works.
The Important Take Away
Management is a crucial process in every organization. it deals with the strategic allocation of all resources which are at hand. The firms above are exceptional in providing this service. Their consultants are highly skilled and guarantee positive results. Are you looking for a position as a management consultant? These are the firms to aim for.
