More significant changes were seen further down the rankings. Bain in 2017 appointed a new global managing partner, Manny Maceda. Its strength is in how positive employees feel about its leadership, as well as its good training opportunities and flexible travel requirements. Vault used a weighted formula to compile the ranking: 30% prestige 15% satisfaction 15% firm culture 10% compensation 10% work-life balance 10% level of challenge 5% business outlook 5% promotion policies.īain fell because of a worse performance in many quality of life and career measures.

BCG’s prestige increased by just 0.12% year-over-year. But BCG is unlikely to top McKinsey unless it can improve its rank for prestige, which carries the most weight in the methodology. They also praised BCG’s transparency around compensation and promotion. This includes for compensation, with salary raises noted by survey respondents. McKinsey also came first for diversity, global opportunities, selectivity, and supervisor relationships, though it performed worse on the quality of life and work metrics than previous years.īCG leapfrogged Bain into second for its higher scores on the quality of life and work metrics. One survey respondent said: “I feel like I can go to any company in the US looking for a job and be able to credibly say I can do the work they’ll ask me to do, and they’ll believe it.” McKinsey ranked top for ‘exit opportunities’. It has also produced many of their CEOs, including Google’s Sundar Pichai, a Wharton MBA alumnus. McKinsey came out on top because of its score for prestige-the firm has a stellar brand, working with top Fortune 100 firms around the world. The respondents also rated the prestige of peer firms and picked the strongest firms in specific practice areas, such as strategy consulting. They were asked to rate their own firms on a scale of one-to-10 based on firm culture, compensation, work/life balance, the outlook for the firm, overall satisfaction, and other key quality of life factors. The ranking is based on confidential surveys of more than 17,000 consulting firm employees. The Consulting 50 is a snapshot of worker sentiment at consulting firms.

HEC Paris MBAs have landed jobs at McKinsey and AT Kearney in the past, and the China Europe International Business School lists Bain and Deloitte Consulting among their top MBA hirers. Duke’s Fuqua School of Business lists McKinsey, Bain, and BCG among its top MBA recruiters. They have a penchant for hiring MBAs from Harvard Business School and Stanford Graduate School of Business. The Boston Consulting Group (BCG) and Bain & Company-who complete the Big Three-switched places, ranking second and third, respectively. McKinsey & Company beat all competitors to claim the number one spot for the third straight year. The ‘Big Three’ firms all held the top three spots. So, it’s surprising that there’s so little change at the top of the Vault Consulting 50 ranking for the best consulting firms to work for in 2020.

Mckinsey work life balance