You may have heard of some of the top consulting firms in the world, such as McKinsey, AlixPartners, and Mercer, but what exactly are these companies and what makes them so successful? Here we’ll take a closer look at four of the most notable firms, and how they compare to each other. These companies have won the trust of clients for years, and their success is proven by their high-quality work.
Mercer
Unlike many consulting firms, Mercer does not share an applicant’s application with any affiliated firms. While Oliver Wyman and NERA do have separate recruiting systems, Mercer doesn’t. This makes it hard to know what to expect and how much you’ll make. As a result, you won’t be able to get a clear idea of the average salary at Mercer.
Mercer has been providing clients with forward-thinking solutions and actionable insights for generations. The firm now has more than 1,250 open positions across its consulting and other services. Mercer has become one of the top consulting firms, with offices in over 130 countries. It has a proven track record of transforming organizations by redefining the future of work. Mercer has earned its reputation for applying data with a human touch to help create the ideal workplace ecosystem.
AlixPartners
Founded in 1981, AlixPartners is an American consulting firm that specializes in bankruptcy and restructuring. Its staff is unusually diverse, with nearly 50% women and 44.6% ethnic minorities. More than half identify as Democrats. The firm also has a low turnover rate, with the average employee staying with the firm for 4.1 years. But why is AlixPartners so different?
Founded in 1981 by Jay Alix, AlixPartners is a global business advisory firm that provides a range of financial services, from mergers and acquisitions to investigations and restructuring. It serves companies worldwide and law firms. It has offices in more than twenty cities worldwide, making it an excellent choice for a wide range of consulting needs. The firm has received a record four Turnaround Management Association awards for its turnaround work.
McKinsey
Although many firms claim to be “best” or “one of the best,” McKinsey isn’t the only firm that claims to be a great company. McKinsey is also regarded as the oldest and most traditional consulting firm. In fact, it calls itself “The Firm” and places more value on a global approach than on a local one. This firm also values facts over intuition and has turned problem solving into an exact science. The firm has made problem-solving a science and its approach has inspired many other consulting firms.
The culture at McKinsey is competitive, with high expectations placed on consultants. While it’s true that the company’s culture is competitive, its clients’ needs are always placed first. Consultants and teams are expected to go above and beyond for their clients. Employees often list their coworkers as highlights, and the company is known for recognizing individual needs when matching staff to projects.
Bain
While many consulting firms offer years of experience and deep knowledge, Bain emphasizes career progression and a “we’ll work hard for you” mentality. In fact, the firm even offers two internship programs. Career progression is frequently touted as a core brand strength. Another notable distinction of Bain is the fact that it has introduced computers to General Electric in one of its early projects. The company boasts $35 billion in annual revenue and over 459,500 employees.
The organizational structure of Bain is like a pyramid, with more Associate Consultants than Consultants. This promotes a collaborative apprenticeship model and gives Associates more responsibility in their early years. The structure of BCG and McKinsey is more “diamond-shaped” and places many junior members in the senior ranks. It also promotes more associate consultants, while allowing more senior members to specialize early in their careers.
KPMG
KPMG is a multinational professional services network headquartered in Amstelveen, Netherlands. It provides top-draw services in three major fields: consulting, auditing, and risk management. It was founded in 1987 after merging with other multinational companies. KPMG’s name is an acronym for “Klynveld Peat Marwick Goerdeler.” The firm has over 236,000 employees in 77 countries.
Deloitte is one of the four Big Four accounting firms and has strong operations in India and the United Kingdom. However, employees may find the work-life balance difficult to maintain because of the heavy international travel required. Additionally, many employees report feeling overwhelmed with their workload at times. But, the benefits are worth considering if you’re passionate about helping companies improve their bottom line. There are many ways to get started as a consultant with KPMG.
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