McKinsey & Company. These boutique consulting firms can be great opportunities to develop an expertise in a specific sector. This merger was a bold gambit from a Big Four contender to step up its value chain efforts, moving beyond audit services to embark on new business ventures and give its clients various new points of entry. It is often the first firm mentioned when industry experts discuss the Big Four accounting firms, keeping competitive pace with its rivals Deloitte, KPMG, and PwC. Cornerstone boasts a workforce of more than 700 professionals across eight offices in the United States and United Kingdom. With an entry deadline of June 30, 2022 and winners announced in the fall, the program provides a platform for organizations to communicate their ESG stories and be recognized for their accomplishments whether they are just starting their ESG journey or are well on their way. Often times boutique consulting firms wont have the same type of training and development programs available. Top firms in this area of consulting are: ZS Associates, Mckinsey & Company, Deloitte, Bain and Company, QuintilesIMS, Huron, Capgemini Consulting, etc. In 2018, NERA was ranked second in Vault's annual survey of the top firms in economic consulting. Its clients include a significant number of the Fortune 100 and FTSE 100, as well as other corporations, financial institutions, and organizations. Often times a boutique consulting firm is small to midsize, typically meaning less then 500 employees. The firm has also made a 10-year commitment to invest more than $1 billion in pro bono services to bring its expertise and insight to organizations tackling todays urgent challenges in education, racial equity, social justice, economic development, and the environment. The firm has held a leadership position in community investment for more than 35 years and a 15-year commitment to the cleantech and renewable energy industries. By the latest reckonings, Tata Consultancy Services (TCS) is the largest and most valuable IT services provider in the world. Ignyte is a boutique firm that specializes in management and digital experience consulting. The Top 10 Consulting Firms in North America for 2021 are: Bain & Company. The firms current name is intended to communicate the value of helping customers on both the clinical and commercial side. This helps to ensure that all breakthrough, innovation, and transformation initiatives are truly led by client leadership and their employees, making it clear that capabilities and competencies are to be developed in tandem within the organization. This firm is led by a former Harvard Business School professor, and previous Bain & Company alumni. 29. Along with Deloitte, EY, and KPMG, PwC is recognized for being one of the Big Four accounting firms. "The ethos at Back Bay has always been about the nurturing of clients and teammates with equal . Since 2009, Global Competition Review has included Bates White in its annual "Economics 20" for top antitrust and competition economics consultancies every year. Keystone combines the strategic insights of leading academic experts from Harvard, Stanford, MIT, Wharton, and other top universities with the practical industry expertise of its accomplished network of professionals to deliver extraordinary impact. Arthur D. Little As a boutique consulting firm, Clarkston does a fantastic job of working to keep employee relations healthy and strong. Rolfe founded Keystone with the goal of creating a firm that placed service to its clients above its own interests. Major project achievements include assisting the U.K. government on the privatization of passenger train operating companies in the mid-1990s, providing strategic and commercial advice on the world's largest airline merger in 2007, and opening its fifth European office in Madrid, Spain in 2021. In addition, Human Rights Watch has consistently named it one of the Best Places to Work for LGBTQ Equality. The Chartis Group is at the vanguard of healthcare, helping leading healthcare organizations navigate the future of care delivery. Digital transformation and consulting firm Capgemini works to bring innovative solutions to corporate clients around the world. The smaller firms are often referred to as boutique consulting firms. With next-level solutions in IT modernization and engineering on offer, SAIC is a critical supplier of IT expertise to the space, defense, and intelligence industries. 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. The Poirier Group (TPG) is a boutique management consulting firm based in Toronto that delivers sustainable process and performance improvements to medium-to-large businesses. CohnReznicks history of social advocacy has helped strengthen housing policies and paved the way for emerging industries like cannabis. Following the merger, more than 27,000 talented Syneos Health individuals now form one unique brand that offers a mix of research and advisory services. While this years awardees offer their services across a wide variety of sectors and geographies, and often have very different methods of approaching the problems they solve, what they do have in common is the ability to produce results for their clients. With over 6,000 people across four continents, A&M delivers tangible results for corporations, private equity firms, law firms, and government agencies facing complex challenges. Further down are the "tier-2" consulting firms - Accenture, Oliver Wyman, LEK, etc. 47. And Technology, a latent source of boosted revenue for the firm, provides specialized software to manage ediscovery risks. Founded in 1973, Bain is one of the Big Three management consultancies (along with McKinsey & Co. and Boston Consulting Group). services nearly all industries and functions, it is best regarded for its work in healthcare and private equity. Since 1983, when NERA was acquired, it has remained a part of the Oliver Wyman Group, a subsidiary of Marsh & McLennan Companies, Inc. Founded in June of 2004 on the core principles of being good and being truthful, the firm has a resolute vision "to transform business by doing what is right," with a critical stated focus on helping businesses achieve their objectives through the enablement and enhancement of both process and technology. Its diverse teams leverage expertise in business, technology, and economics, and as a result, their work includes digital transformation, innovation, AI/ML, data analytics, algorithms, ecosystem strategy, process optimization, antitrust, intellectual property, and tax transfer expertise. We strive to bring a new approach to consulting with original ideas that deliver a meaningful impact. #10 in firm leadership. Established in 1932 as Duff & Phelps, the firm has since added more than 30 complimentary companies to its robust portfolio. Founded in 1989, Cornerstone Research is a litigation consulting firm based in San Francisco, California. With more than 5,000 employees across 85+ offices in over 25 countries, global consulting firm Protiviti has made tremendous progress during the past two decades. The more specific and things that MBB doesn't do, then you might find those things outside of it. It specializes in helping clients by improving the most important asset for every organization: its people. TPG hires consultants with backgrounds in industrial engineering, commerce, and general business. The gender gap in the healthcare industry has always been a looming indicator of societal inequalities for women in the workplace. 13. Included in its wide range of expertise are achievements in the fields of AI, cybersecurity, cloud infrastructure development, and business operations. Bain & Company is a global management consulting firm headquartered in Boston, Massachusetts, and with 63 offices in 38 countries around the world. Seroquel prices Archaeological Consulting Services - A Commonwealth Heritage Group, Inc. Company, a 40-year-old corporation of the State of Arizona, providing a wide range of cultural resource, environmental planning, and Geographic Information Systems (GIS) services. Boutique strategy consulting firm Kaiser Associates was founded in 1981 with a basic but perceptive mission of helping executives follow through on informed strategic and operational decisions by incorporating external insight and analysis. Among its services, PwC offers its clients tax, audit, insurance, and consulting services in the fields of aerospace, defense, automotive, banking, health, insurance, and technology, among others. Its no understatement to say that the Mumbai-based firm possesses top-level talent on a wide variety of IT services, but it is perhaps best known for its work in application development and management as well as its work in enterprise solutions and outsourcing particularly its lauded enterprise application TCS Crystallus. 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. No other firm in the world has as much consulting prestige as McKinsey & Company. Headquarters: Boston, MA. The big . In 2021, the firm reported annual revenue of $5.21 billion, a roughly 18.1% increase over the $4.42 billion it reported in 2020. Founded in 1990, Insigniam handles enterprise-scale transformation, transformational leadership, and managing change as a leading management consulting firm. It now boasts over 30,000 employees, 130+ offices around the globe, and more than $10 billion in annual revenue, making it the biggest pure consulting firm in the world. ZS Associates In 2021, Keystone was recognized as a top consulting firm to work for in Vault's 2021 Consulting Firm Rankings. It was named the #13 Best Consulting Firm, #4 Best Boutique Consulting Firm, and #1 for Best Firm Culture. Serving a bevy of global brands and leading law firms from its offices in Boston, San Francisco, New York City, and Seattle, Keystone Strategy provides strategy and economics consulting fueled by an entrepreneurial spirit as well as dedication to collaborating with clients and peers. 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. Headquarters: Chicago, IL. The ranking is based on employee participation in an anonymous, open-ended survey that covers topics ranging from workplace culture to quality of life, and more. Crowe is driven by a workforce of more than 4,400 professionals and experts, and has been recognized by Fortunes 100 Best Companies To Work For list. Bench Wing is a management consulting firm focused on improving the performance of life science brands and companies. As experts in technology integration, RPS develops and delivers solutions that use the right technologies, tools, and processes to help with a single training element or a comprehensive, enterprise-wide program. Clarkston is a business and technology consulting firm based in North Carolina. Deloitte is a storied institution that traces its roots back to its founding in 1845. Capgeminis revolutionary Platform AI and analytics portfolio is a standout example of how the firm has been able to offer scaled data transformation at an unmatched level. Headquarters: New York, NY. Hurons client base also features hundreds of Fortune 500 companies as well as small and midsize businesses. Insights clients are often in the private equity industry, and also Fortune 1000 companies looking to improve their sourcing and procurement performances. This boutique firm attracts highly skilled individuals that have worked at the likes of Accenture and Deloitte consulting firms. Putnams clients are very diverse, from small start-ups to fortune 500 companies. The firm's roots stretch back to the first decade of the twentieth century, after one of its founders studied railroad risk and insurance needs by spending 30 days riding the rails. The firm has a 97 percent client satisfaction rating, marking one of the highest ratings on our list of boutique consultancy firms. 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. First originated as The Parthenon Group, LLC in 1991 by William "Bill" Achtmeyer and John C. Rutherford, two former Bain & Company directors, it eventually merged with professional services firm Ernst & Young to create the entity EY-Parthenon. He believed that if his firm always strove to do what was best for its clients, it would in turn end up working out well for the firm. Eagle Hill Consulting. This includes placing in Best Places To Work In Chicago in 2020 and 2021 and being honored as one of the Best and Brightest Companies to Work For by the National Association for Business Resources for four consecutive years. The firm has more than 500 employees across 13 offices in North America, Europe, and Asia. Kearney is a leading global management consulting firm with more than 4,200 people working in more than 40 countries. When deciding which firms to apply for, we recommend searching for a few boutique consulting firms in your city for consideration. Today, it's known simply as Marsh, a subsidiary of Marsh McLennan. 45. Now based in New York City, much of the firm's success stems from its unique culture of hard work and zealous employees. As of 2019, EYs strong U.S. presence has made it into the seventh-largest privately owned organization in the nation. With over 1,400 employees and 21 offices worldwide, the firm brings in roughly $500 million in annual revenue. The Bridgespan Group is a U.S. nonprofit organization launched in 1999 and based in Boston, Massachusetts that provides management consulting to nonprofits and philanthropists. It is the nations leading healthcare advisory firm and has an unparalleled breadth of capabilities and depth of experience. With offices in Atlanta, Chicago, and Los Angeles, its small, experienced teams create value for clients through growth strategy, operational improvement, financial restructuring, and acquisition integration. I rejected T2/T3 offer. 31. With headquarters in Armonk, New York and more than 10,000 employees, IBMs consulting branch IBM iX is now one of the largest digital and design consultancies worldwide, with roughly 60 studios as well as wide-reaching global network of strategists, designers, developers, and data architects leveraging deep industry and ISV expertise. ClearView Healthcare Partners It has consistently been the #1 most valued brand in the consulting industry and is associated with cutting-edge strategic approaches. If you want to feel good about the consulting work you do, Bridgespan is the company for you. This means there is room for career growth and development in the firm. Since 1926 when James O. McKinsey, a University of Chicago professor, opened a consulting office in Chicago, the firm has provided strategic advice to corporations and other organizations. The IT Services Report is pleased to announce The Top 25 Women Leaders in Cybersecurity IT Services of 2021. Strategic Communications handles public relations services for customers managing financial, regulatory and reputational challenges. PricewaterhouseCoopers The firm is committed to a culture of inclusion and diversity and a focus on community engagement. 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. Among the firms many awards, Booz Allen is a three-time honoree of the Worlds Most Ethical Companies award from the Ethisphere Institute. With nearly 300,000 employees working from home since March 2020, Cognizant continues to expand its reputation for quality digital solutions and workplace innovation, with particular focus on its Work Ahead AI action and research initiative. The firms commitment to client relationships is only matched by a commitment to its people. It operates as an extensive network of firms in 145 countries with an employee base of more than 236,000. The firm is specifically a titan in the fields of corporate finance and restructuring, economic consulting, forensic and litigation consulting, strategic communications, and technology. Since 1991, the firm has been working side-by-side with clients, fostering long-term relationships and delivering tangible, sustainable results. In todays world of consulting, you will find that not all firms are created equal. CSG works with its clients collaboratively to deliver results. It is distinguished by the clarity of its insights and the credibility of its experts, which include leading international academics and industry specialists. This features the establishment and alignment of overall IT strategy with a clients business strategy, and further delves into formation of solution architecture, design, and development for custom-built or enterprise package solutions. The firm is widely known for solving for the most complex business challenges and opportunities by integrating a wide variety of disciplines. The firm focuses on delivering integrated solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. Barrett, The Honors College . Insigniam partners with its clients to blend inherent business insights with its expert, unique methods for alternative thinking, sculpting behavior, and execution of results. Founded in Boston, Massachusetts in 2007, ClearView Healthcare Partners is a global strategy consulting firm serving the life sciences sector. 46. 12. McKinsey & Company 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 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 firm continues to offer sales force alignment service to this day, in addition to a range of professional services, many of which are supported by advanced analytics. The global logistics market is continuously changing due to technological innovation, sustainability efforts, need for goods and materials, the emergence of new markets, and mergers and acquisitions. 41. The Bridgespan Group They also usually offer fewer services, and are more specialized in what they do offer. 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 Bridgespan Group is a consulting firm that works with nonprofit groups, NGOs and philanthropy organizations. Ignyte was recently named among the citys best companies to work for, and was founded by previous Big Four consultants. Headquarters: McLean, VA. For more than a century, Booz Allen Hamilton has been a leading management consulting firm, serving military, government, and business organizations around the world. Spun off in 2013 from an earlier corporation, SAIC has spent the better part of the last decade leading the charge to bring the benefits of deep engineering expertise to government and civilian clients. The firm offers tailored solutions to a broad range of publicly- and privately-held organizations across a wide range of industries, government agencies, financial institutions, and civic and religious organizations. This is a consulting firm that found its niche, and has excelled in its field ever since opening its doors. Since then, Protiviti has expanded rapidly, reporting revenue that surpassed the $1 billion mark for the 2019 fiscal year. Cornerstone Research provides economic and financial analysis and expert testimony to attorneys, corporations, and government agencies involved in complex litigation and regulatory proceedings. 20. The operation of CSGs business is characterized by The CSG Way, an environment that emphasizes teamwork, communication, and consistent high-quality work. 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 . But usually, they're around 20%-40% less than MBB per month. With nearly 300 offices and 150 delivery centers worldwide, TCS has posted impressive financial gains even during the time of COVID-19, with operating income in excess of $6 billion as of 2021. Its stated mission is to build a better world by strengthening the ability of mission-driven organizations and philanthropists to achieve breakthrough results in addressing societys most important challenges and opportunities. 39. This includes the 2018 acquisition of Kroll, which was used in the firm's renaming process that was completed in 2022. 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. Back Bay also ranked #24 in the Vault Consulting 50, Vault's signature list of the best consulting firms to work for and ranked in the top three pure healthcare firms included on the list. Mercer LLC is the worlds largest human resources consulting firm. The firm specializes in risk and advisory services with an internal audit expertise that spans a variety of areas. Headquartered in New York City, the firm now has nearly 5,000 employees across 30 countries and territories. The firm's clients in this area include large multinational companies, high growth middle-market businesses, small commercial enterprises, and high net-worth private clients. Headquarters: San Francisco, CA. Regardless of location or rank, our consultants are down to earth, approachable, and have a shared passion for doing innovative client work that provides clear benefits to the organizations we work with in both the short and long term. Protiviti Kaiser Associates was founded as a spin-off from Strategic Planning Associates (now Oliver Wyman) by Michael Kaiser and is now based both in Washington D.C., and London, with a third office in So Paulo. 2023 Best Boutique Consulting Firms # 1 SCORE 9.757 2022 Rank 1 ghSMART ghSMART Founder Dr. Geoff Smart's Psychology PhD dissertation found that those private equity firms best at choosing teams made the most money. Keystones rich expertise in strategy, economics, data analysis, product development, intellectual property, and antitrust make it stand out in the consulting industry. The Chartis Group Kearney is a partner-owned firm with a distinctive, collegial culture that transcends organizational and geographic boundariesand it shows. 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. Headquarters: Boston, MA. Bain & Company By some estimates, there are thousands of consulting firms around the world. Huron Consulting specializes in helping its client organizations navigate change and economic pressures in various dynamic environments. That's why the globally acclaimed multinational firm provides data driven risk advisory services and insurance solutions to its clients. Forensic and Litigation Consulting covers investigative data analysis and forensic accounting services as well as construction solutions services. The firm is a preferred thought partner to the worlds most highly valued corporations, PE firms, and government entities, guiding them in turning their most difficult obstacles into extraordinary growth and productivity opportunities. The acquisition valued Kroll at just north of $4 billion. Alvarez & Marsal Posted 2:53:34 PM. Corporate Finance and Restructuring provides business turnaround services, including support for restructuring, litigation, insolvency, and interim management. With revenues of $1.97 billion, 51 offices, and more than 9,000 problem-solvers across the U.S., the firm is also the largest member of the Grant Thornton International Ltd global network. Economic & Financial Consulting offers economic analysis and expert testimony for law firms, corporations, and government agencies. 43. This years awardees comprise some of the most trusted and influential professional services firms in the world. BCG boasts expertise in a wide array of industries, including aerospace and defense, automotive, oil and gas, consumer products, and more. 12. Technology and management consulting firm Kenway specializes in technology solution delivery, enterprise program leadership, and information insight. Founded in 1965, CRA offers economic, financial, and strategic expertise to major law firms, corporations, accounting firms, and governments around the world. The firm prides itself on its creative and energetic staff, cutting-edge technology and research, and its work with academic and industry experts. This includes strategy development for biopharmaceutical, biotechnology, diagnostics, and related fields. 42. The services provided by Ignyte include digital transformation, branding & digital marketing, analytics & information management, and training & change management. Headquarters: New York, NY. From the firms outset, it has specialized in and set the operational standard for steering fact-based strategy and implementation. With an eye toward innovating for the next generation of tech, Publicis Sapient brings to the table a comprehensive array of IT services in enterprise platforms, digital product management, customer experience, and more. CSG Government Solutions (CSG) is a national leader in IT management consulting for complex projects that modernize the technology and business processes of large government programs. Willis Towers Watson (now called WTW) is the third largest insurance broker in the world, operates in more than 140 countries, and has a workforce of more than 45,000 employees. 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. They offer training opportunities both in class format, and on-the-job training. In just about every city you look at you can find boutique consulting firms. Clarkstons services to clients include strategy & innovation consulting for sales and marketing, project and program management, and new system implementation. Now, Publicis Sapient is working with Microsoft and other tech firms to transform how groceries are delivered, how people travel safely, and much more. 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. Functioning as an expansive network of member firms, EYs 700 worldwide offices employ over 300,000 team members in more than 150 countries. SINGAPORE and CHICAGO, Feb. 22, 2023 /PRNewswire/ -- EVERSANA , a pioneer of next-generation commercial services to the global life sciences industry, today announced its strategic consulting . 22. The firms extensive client base spans an impressive 16 different industry sectors: banking and capital markets; insurance; investment management; building, construction, and real estate; alternative investments; industrial manufacturing; retail; food, drink, and consumer goods; energy, natural resources, and chemicals; government and public sector; healthcare and pharmaceuticals; technology; high growth mid-market and venture capital; media and telecommunications; private equity; and high growth emerging markets. Crowe is recognized by many organizations as one of the best places to work in the U.S. As an independent member of Crowe Global, one of the largest global accounting networks in the world, Crowe serves clients worldwide. Copyright:The Top 50 Consulting Firms of 2022 publication is copyrighted material, produced and published by The Consulting Report. Clients also include the philanthropist donors themselves, who are looking to get the most out of their donations. 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