Management consulting firms are employed by organisations to develop strategies, solve problems and create value. Although there are many management consulting firms around the world, there are a few major players who serve the largest and most successful corporations. These are the top management consulting firms who are known for building successful businesses.
The Boston Consulting Group
The Boston Consulting Group, or BCG, is a highly successful management consulting firm based in Boston, but with a presence in 40 countries worldwide. BCG is known for developing its own matrices to analyse and solve problems.
Bain & Company
Bain & Company is a Boston-based consulting firm that was founded by former partners of the Boston Consulting Group. Bain & Company has a presence in 30 countries, employs 5000 people and consults primarily for Fortune 500 companies.
Roland Berger Strategy Consultants
Roland Berger Strategy Consultants has only a small presence in the United States, with just three offices located in New York, Chicago and Detroit. In the world market, Roland Berger is extremely successful, particularly in its home market of Europe.
The Monitor Group
The Monitor Group is a firm based in Cambridge, Massachusetts with close ties to Harvard University. One of its founders was renowned Harvard Business School professor Michael E. Porter.
McKinsey & Company
McKinsey & Company is widely regarded as the most prestigious consulting firm in the industry. It is also one of the largest, employing 17,000 people and achieving annual revenues of £3 billion.
Booz & Company
Booz & Company is based in New York City and has 61 offices in 34 countries. The company is best known for its innovations in the area of supply chain management.
The Hay Group
The Hay Group is a management consulting firm that specialises in human resources issues. The firm is extremely international with 88 offices in 47 countries, including its head office in Philadelphia.
Arthur D. Little
Arthur D. Little, founded in 1886, is the oldest consulting firm in operation. It is known for addressing technological issues and developing long-term business strategies.
OC&C Strategy Consultants
OC&C is a small but powerful consulting firm that focuses on firm strategies. The firm employs a mere 500 consultants across its 12 global offices, but is highly sought after by top businesses.
Accenture is a global management consulting firm headquartered in Dublin, Ireland. The firm employs over 200,000 people worldwide. In addition to management consulting services, Accenture offers technology outsourcing services.