The four major management consulting companies are Deloitte Touche Tohmatsu (Deloitte), KPMG International (KPMG), PricewaterhouseCoopers (PwC) and Ernst %26 Young (EY). McKinsey, BCG and Bain get lots of love — but do they get all the revenue? The answer is no. In this post, we’ll take a deep look at the top ten consulting firms and rank them by annual turnover. McKinsey, BCG, and Bain may have a good reputation, but their consulting firms are relatively small overall when you compare them to some heavyweights like Deloitte and Accenture..
Large companies such as Deloitte and PWC also have areas of business that have nothing to do with advice — such as accounting services, audit risks of %26, etc.. — that increase their overall turnover. So it is not a correct comparison of apples to apples. However, as traditional strategy consulting continues to expand and build new competencies — McKinsey has a corporate restructuring group that it has acquired, and BCG has an IT implementation that is becoming increasingly similar to some of Accenture’s work — these lines will blur, so comparing total sales is instructive to get a sense of the relative scale.. Accenture as we know it today has only been around since 2001, but its roots go back to the early 50s when it was part of a company called Arthur Andersen.
Today, Accenture’s huge business is divided into multiple divisions, including Strategy, Digital, Technology, and Consulting (their business consulting division). Accenture uses its deep technology expertise in many projects, including strategic transformation, systems integration, and implementation. Although its official headquarters are in Dublin, Ireland, Accenture has offices in more than 200 offices, and consultants often work with colleagues in other offices. Interestingly, every consultant at Accenture is assisted by a career advisor who can also support and advise you outside of the project..
BCG, based in Boston, is one of the world’s leading management consulting firms. They were founded in 1963 with a focus on strategy consulting and developed innovative frameworks there, such as the growth stock matrix.. In 1990, they expanded their activities to include a more comprehensive management consultancy. Areas of expertise now include digital enterprises, technology implementation, and advanced analytics. Sample answers from former McKinsey, BCG, and Bain consultants.
Plus technical overviews and first-class individual coaching from experts. Each is a network of companies that are independently managed and that have made agreements with the other member companies of the network to share a common name, brand, intellectual property, and quality standards.. As for the main beneficiaries of this continued growth, the four largest accounting and consulting firms known as the Big Four — Deloitte, EY, KPMG and PwC — have a significant market share of 39%. PwC, Deloitte, EY and KPMG are followed by US strategy giants McKinsey %26 Company and The Boston Consulting Group.
the other hand, the top 3 consultants often work for a client for 2-4 months or less and only specialize in an industry much later in their careers.. None of the Big Four companies is actually a single company; they are more professional services networks. Disruptive technologies and new competitors on the market, which use them to challenge the long-term economic hegemony of large companies, are likely to further boost investment in consulting.. There are many different types of advice, including business consulting, technology consulting, and business consulting, to name a few.
This level includes consulting firms that focus on business consulting but do not have the global name or brand recognition as tier 2 management consulting firms.. The Big Four have all recorded impressive growth rates in their consulting divisions in recent years, far exceeding growth rates in the areas of accounting, auditing and tax. They were founded in 1845 as an auditing firm and only expanded to consulting firms in 1995.. We excluded consulting firms that aren’t business consulting firms, don’t have a global presence, and don’t operate across a wide range of industries and functions.
Most of Arthur Andersen’s international practices were sold to members of today’s Big Four — in particular EY worldwide, Deloitte in the UK, Canada, Spain and Brazil, and PwC in China and Hong Kong.