33. The award is given for outstanding papers on corporate finance published in the Journal of Finance. This firm is led by a former Harvard Business School professor, and previous Bain & Company alumni. Keystones rich expertise in strategy, economics, data analysis, product development, intellectual property, and antitrust make it stand out in the consulting industry. #9 in informal team training. 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The firm has also been recognized by the Human Rights Campaign Foundation for earning 100 percent on its Annual Corporate Equality Index for LGBTQ workplace equality. With over 1,400 employees and 21 offices worldwide, the firm brings in roughly $500 million in annual revenue. Some of its clients have included the Department of the Treasury, Department of Justice, NASA, and more. Arthur D. Little KPMG provides adept consultation for highly varied situations. Back Bay Life Science Advisors. Bain has received many awards and accolades, including being named to the top three of Glassdoors 2022 Best Places to Work list. Whether massive global firms or small boutiques, clients rely on these firms for revenue growth, operational improvements, human capital management, and digital transformation, among many other services. Bench Wing is a management consulting firm focused on improving the performance of life science brands and companies. The firm boasts a workforce of more than 14,000 professionals who provide guidance to public, private, and non-profit organizations of all sizes. The "doing what is right" credo permeates its firm culture, leading Kenway to continually be included in the top ranks of best companies for work-life balance listings. For information pertaining to content permissions, please refer to The Consulting Reports award usage regulations. The firm has a 97 percent client satisfaction rating, marking one of the highest ratings on our list of boutique consultancy firms. This includes designing strategy and implementing plans and performance measures for multi-million-dollar donations. British-Dutch multinational professional services network KPMG International Limited, often shortened to KPMG, is well known as one of the Big Four accounting organizations. Top Boutique Consulting Firms Putnam Associates - Boston Massachusetts Putnam Associates is a specialist firm serving primarily in the healthcare sector. It is proud to have established relationships spanning over two decades or longer with public and private corporations, private equity firms, their portfolio operations groups, and portfolio companies. Serving more than 50% of the S&P 500, corporate recovery specialist Kroll, LLC is no stranger to receiving honors for being one of the top consulting firms in the world. 13. The Chartis Group is at the vanguard of healthcare, helping leading healthcare organizations navigate the future of care delivery. Initially an in-house tech unit for data analytics firm Dun & Bradstreet, Cognizant has achieved remarkable growth over the past decades, rising to the top 200 of the Fortune 500 list last year. The services provided by Ignyte include digital transformation, branding & digital marketing, analytics & information management, and training & change management. In a world changing faster than ever in nearly every respect, from technologically to culturally, consulting firms serve as an indispensable partner for any organization navigating its path to success. Services for these companies includes market opportunity evaluations, portfolio prioritization, analytical services, and product development strategies. The services offered include helping companies identify, measure, and manage operational and technology-related risks as well as providing internal audit services, technologies, and skills for business risk management throughout the world. Since being launched in 1998, the firm has grown significantly, and now has over 200 employees across offices in Boston, London, New York, and San Francisco. Eagle Hill Consulting. services nearly all industries and functions, it is best regarded for its work in healthcare and private equity. 28. We are excited to share Epsilon Life Sciences and Epsilon Economics have been named 23rd in Top 50 Boutique Consulting Firms, 41st in Top 50 Shared by Jeong Mo Yang Certain industries require especially high degrees of accuracy and security, and the Science Applications International Corporation (SAIC) is the firm trusted most by governments and other entities with IT support for sensitive, high-end missions. The more specific and things that MBB doesn't do, then you might find those things outside of it. This includes strategy development for biopharmaceutical, biotechnology, diagnostics, and related fields. Headquarters: Boston, MA. 8. The firm is committed to a culture of inclusion and diversity and a focus on community engagement. The Consulting Report. Described by The New York Times as "one of the countrys oldest and best-known economic consultancies, NERA Economic Consulting, Inc. is the go-to consulting firm for many high-profile disputes and legal cases around the globe. Publicis Sapient Eagle Hill prides themselves in being a community of consultants, rather then being a traditional agency. Bain & Company The battle for a healthcare.gov contract with The Centers for Medicare & Medicaid Services has endured a long series of bid protests. The firms projects include cross-functional support at the corporate, franchise, and product levels for pharmaceutical, biotech, medical device, and diagnostics companies worldwide. Putnam has strong leadership and empowers its consultants to operate and succeed. Bain & Company is a global management consulting firm headquartered in Boston, Massachusetts, and with 63 offices in 38 countries around the world. Since 2009, Global Competition Review has included Bates White in its annual "Economics 20" for top antitrust and competition economics consultancies every year. Headquarters: Chicago, IL. Our list of the top 10 boutique consulting firms in the US were some we wanted to highlight, but there are many world class firms that would categorize themselves as boutique. The firm invests deeply in training and fostering entrepreneurship in its own employees so they can bring the most impactful solutions to clients. Founded in 1983, Alvarez & Marsal (A&M) is a global professional services firm notable for its work in turnaround management and performance improvement of several large, high-profile businesses both in the U.S. and abroad. Working with clients in biotechnology, medical devices & diagnostics, and pharmaceuticals. Headquarters: Boston, MA. Among its numerous awards, in 2007 L.E.K. It has also been the recipient of numerous awards and recognitions, including being named one of Modern Healthcares Best Places to Work 2021 and Best in KLAS in four different categories in 2022: Healthcare Management Consulting, Digital Transformation Consulting, HIT Advisory Services, and Financial Improvement Consulting. The firm is fueled by a combination of cutting-edge research, state-of-the-art methods, and proven experience, and includes a diverse team of more than 800 professionals from over 50 countries. Kearney is a leading global management consulting firm with more than 4,200 people working in more than 40 countries. The Bridgespan Group is a consulting firm that works with nonprofit groups, NGOs and philanthropy organizations. Because your small firm may not take on as many different types of projects, your learning opportunities may be more limited. 90% of the hospitals on the "Best Hospitals Honor Roll by U.S. News & World Report work with the firm, and it serves more than 600 healthcare organizations annually. The firm also offers guidance and support to organizations as they navigate the changes transforming their industries and businesses. No other firm in the world has as much consulting prestige as McKinsey & Company. Below are 12 notable boutique consulting firms offering over $90,000 in total potential compensation for undergrad and master's degrees. has become a major player in the global management consulting space. The firm was named a Top 40 boutique firm in 2022, and due to an increase in participating companies in 2023, Vault increased its rankings to profile the 50 leading consulting organizations across . Today, it's known simply as Marsh, a subsidiary of Marsh McLennan. Protiviti Going to bat against the likes of Bain, McKinsey, and BCG, as well as other strategy consulting offshoots for Big Four firms, EYP often rises above its competitors in industry rankings by honing in on its ambitious corporate strategy and private equity undertakings. The top firms in this category are: Advancy, EY-Parthenon, Strategy&, Kearney, LEK, OC&C, Oliver Wyman, Roland Berger, and PwC Strategy&. Sometimes the firms services will extend throughout the entirety of a case in court. EY is known for offering assurance (financial audit), consulting, tax, and advisory services to its customers. 38. I work only 40 hours on average per week at my current firm. Recognized as the fourth-largest privately owned firm in the U.S., PwC's global revenues were a whopping $42.4 billion for the 2019 fiscal year. Each year, the firm presents the Brattle Prize at the American Finance Association's annual meeting. This includes strategy development for biopharmaceutical, biotechnology, diagnostics, and related fields. Since the firms founding just after the turn of the century, it has provided guidance for more than 450 health systems, hospitals, and academic medical centers as well as approximately 400 colleges, universities, and research institutions and over 125 life sciences organizations. 42. The Top 10 Consulting Firms in North America for 2021 are: Bain & Company. Booz Allen Hamilton has evolved from its humble beginnings 107 years ago when it was started by Edwin G. Booz as a service offering impartial advice to then-nascent organizations such as Goodyear, Canadian Pacific Railway, and the like. Kearney consistently ranks high on a variety of lists for both the consulting industry and the wider business world. It is distinguished by the clarity of its insights and the credibility of its experts, which include leading international academics and industry specialists. This boutique firm strives to provide key insights and resources to help its clients overcome challenges, and accelerate business growth. In 2002, Protiviti was formed with the recruitment of more than 700 Arthur Andersen staffers (in the wake of its collapse), including some 50 partners of the firm. KPMGs three primary lines of services cover financial audit, tax, and advisory concerns, with its tax and advisory services further divided into a number of specific service groups. Since 1991, the firm has been working side-by-side with clients, fostering long-term relationships and delivering tangible, sustainable results. Frequently named among the top management firms in the world, Oliver Wyman has served more than 1,000 global clients over the past 50 years. Remarkably, Marsh's $5.98 billion in 2016 revenue accounted for 45% of the parent company's total fiscal year revenue. The Chartis Group Headquarters: Chicago, IL. The cost of the consulting services is usually less than MBB, but occasionally more. The attorneys on these cases often times need expert consultants to help breakdown and understand complex economic or financial issues. Please join us in celebrating The Top 50 Consulting Firms of 2022. Feb 1, 2023. However, the Type A in me is obsessed with prestige and wondered . This includes the 2018 acquisition of Kroll, which was used in the firm's renaming process that was completed in 2022. Just as some companies retain the names of long-gone . While the firm in its present form was created in 1998 (by a merger between two accounting firms: Coopers & Lybrand and Price Waterhouse), its legacy can be traced back to the middle of the nineteenth century, when it was founded in the U.K. Today, it employs over 280,000 people who operate in more than 150 countries around the world. The firm, which has been ranked the #1 HR Consulting Firm by Vault for several years running, is arguably the top global consulting leader in talent, health, retirement, and asset management. Large logistics companies . The Keystone Group If we had to choose a "one-stop-shop" category, this would be it. EY Parthenon ZS has been awarded for its firm culture by Consulting magazine several years in a row and was chosen by Forbes magazine as one of Americas best management and consulting firms in 2019. McKinsey, Boston Consulting Group and Bain & Company dominate the consulting industry, most notably the field of strategy as Forbes highlights in its annual US consulting ranking. The firms clients include a broad range of operating companies in the life sciences, from medical device and pharmaceutical companies to investors in the life sciences fields. 1 consulting service provider worldwide by revenue. It is one of the largest professional services networks in the world, with annual aggregated revenue nearing $50 billion, and the firm is highly respected for its forecasts regarding the world of technology and work. Putnam has strong leadership and empowers its consultants to operate and succeed. This company was founded specifically to address this market, and have been leaders in life science consulting since. Animals and Pets Anime Art Cars and Motor Vehicles Crafts and DIY Culture, Race, and Ethnicity Ethics and Philosophy Fashion Food and Drink History Hobbies Law Learning and Education Military Movies Music Place Podcasts and Streamers Politics Programming Reading, Writing, and Literature Religion and Spirituality Science Tabletop Games . Cornerstone boasts a workforce of more than 700 professionals across eight offices in the United States and United Kingdom. According to an article in Supply Management, a study conducted by Transparency Market Research suggests that the logistics market will be worth US$15.5 trillion by 2023. These women leaders represent some of the most prominent IT organizations that provide clients across the public and private sectors with ongoing cybersecurity services Microsoft recently announced a multi-year collaboration with IT services company Accenture and healthcare industry leader Kaiser Permanente to enhance its hosted cloud environment infrastructure that supports its 12.4 million members and more than 85,000 care providers. It was created in 2017 from the merger of INC Research and inVentiv Health the parent company of a subsidiary, Syneos. Headquarters: New York, NY. 10. This year, IBM teamed up with the USTA to deliver all-new, all-virtual signature experiences for the U.S. Open, leveraging both IBM Watson and IBM Cloud. Founded in 1973, Bain is one of the "Big Three" management consultancies (along with McKinsey & Co. and Boston Consulting Group). While L.E.K. Furthermore, the RPS segment provides tailored solutions for customers commercial, government, and military who are not just based in the U.S., but rather located across the globe. Putnams clients are very diverse, from small start-ups to fortune 500 companies. The firm categorizes its consulting methodology into four areas: reveal, unhook, invent, and implement. The T2/T3 offer pays me 25% higher but working hours go up to 60 per week. #8 in best overall business outlook. At the time, the firm was known as Marsh & McLennan. Featuring a visionary startup mindset and the engineering prowess of an industry veteran, Publicis Sapient is a unique, creative digital transformation firm thats upping the game for IT services. The Chartis Group consists of more than 550 talented professionals across four offices in Boston, Chicago, New York, and San Francisco with the experience and capabilities required to transform healthcare. Raytheon Technologies Since 1983, when NERA was acquired, it has remained a part of the Oliver Wyman Group, a subsidiary of Marsh & McLennan Companies, Inc. Cornerstone Research works with attorneys on commercial litigation cases. Since being founded in 1983 by three Bain & Company partners James Lawrence, Iain Evans, and Richard Koch L.E.K. 49. The main industries it focuses on is consumer products, retail, and life sciences. L.E.K. Crowe LLP is a public accounting, consulting, and technology firm headquartered in Chicago and with offices around the world. The firm is also committed to sharing its diversity and equity values, as well as its environmental, social, and governance practices. As one of the top-rated boutique consulting firms, Clarkston Consulting has a solid and well-defined history of success in terms of service and clients served. Clarkston is a business and technology consulting firm based in North Carolina. The Brattle Group provides consulting services and expert testimony in economics, finance, and regulation to corporations, law firms, and public agencies. 39. Headquarters: Boston, MA. Stax is a global management consulting firm serving corporate and private equity clients across a broad range of industries including software/technology, healthcare, business services, industrial, consumer & retail, and education. Furthermore, Mercer is not a stand-alone firm. Often times boutique consulting firms wont have the same type of training and development programs available.