Corporate Finance and Restructuring provides business turnaround services, including support for restructuring, litigation, insolvency, and interim management. Below are 12 notable boutique consulting firms offering over $90,000 in total potential compensation for undergrad and master's degrees. 13. At the time, the firm was known as Marsh & McLennan. Headquarters: Chicago, IL. The Brattle Group provides consulting services and expert testimony in economics, finance, and regulation to corporations, law firms, and public agencies. From reshaping the healthcare ecosystem, to redefining how care is delivered and financed, Chartis helps its clients achieve meaningful and lasting results. Darby Consulting is a boutique firm that specializes in information technology consulting. 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. It has more to do with how the firm views itself, then actually meeting a pre-determined set of requirements. Sometimes these firms will focus on a specific industry, such as economic consulting or healthcare consulting. The cost of the consulting services is usually less than MBB, but occasionally more. Economic & Financial Consulting offers economic analysis and expert testimony for law firms, corporations, and government agencies. Booz Allen Hamilton Founded in 1963 by Bruce Henderson, BCG partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. They help provide corporations, governments, and other types of organizations with analytics, insights, and counsel on a wide variety of matters. 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. Headquartered in New York City, Mercer exudes a large global presence, with more than 25,000 employees operating in more than 130 countries. The Keystone Group Bain & Company is a global management consulting firm headquartered in Boston, Massachusetts, and with 63 offices in 38 countries around the world. was awarded the Queen's Award for Enterprise for international trade and export. 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. DayBlink works with clients across multiple platforms, including early stage startups, allowing employees a unique opportunity to work with and develop companies from the beginning. As such, its consultants use hard economic data to make their case, drawing on the firms expertise in fields like statistics and computer science. This boutique firm attracts highly skilled individuals that have worked at the likes of Accenture and Deloitte consulting firms. 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. Kearney consistently ranks high on a variety of lists for both the consulting industry and the wider business world. Headquarters: Boston, MA. Currently at a boutique/inhouse firm. They teach foundational skills to succeed both at ClearView and beyond. In 2018, NERA was ranked second in Vault's annual survey of the top firms in economic consulting. EY is known for offering assurance (financial audit), consulting, tax, and advisory services to its customers. While these boutique firms may be smaller in size, the niche markets they work in allow them to become extremely proficient at what they do. 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. 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. 16. Putnam focuses solely on the life science industries, allowing us to provide unparalleled depth, experience and insight into our client's most . Eagle Hill is a smaller firm, but offers excellence in a pretty full range of services, tailored to clients needs. CohnReznick LLP Cornerstone Research works with attorneys on commercial litigation cases. 8. Boston Consulting Group Insight Sourcing focuses almost exclusively on strategic sourcing and procurement. With headquarters in McLean, Virginia in the Greater Washington, D.C. area and 80 other global offices, Booz Allen is made of approximately 29,200 engineers, scientists, software developers, technologists, and consultants. It collaborates with a peerless ecosystem of partners such as Adobe, Salesforce, Samsung, Apple, and SAP to drive value and differentiation through outstanding customer experiences. Consulting powerhouse Ernst & Young Global Limited, commonly referred to as EY, is a multinational professional services network with an impressive international reach that has powered its status as one of the biggest service networks in the world. 20. Primarily by providing strategy consulting and leadership development. The firm and its subsidiaries also help clients make decisions that lead to lasting value with its tax, advisory, and consulting services. 43. For information pertaining to content permissions, please refer to The Consulting Reports award usage regulations. CVC Capital Partners, to which Teneo sold a majority stake in 2019 at a total valuation of around $700 million, has described Teneo's core service as "providing strategic and communications services, which covers a wide array of engagements such as customer communications, crisis management, investor relations, digital and social media consulting, executive recruitment, and litigation management.". Founded in 1973, Bain is one of the "Big Three" management consultancies (along with McKinsey & Co. and Boston Consulting Group). The Brattle Groups clients include many of the worlds best-performing and most admired companies, law firms, and industry organizations, as well as U.S. and international regulatory and government agencies. Copyright:The Top 50 Consulting Firms of 2022 publication is copyrighted material, produced and published by The Consulting Report. The firms commitment to client relationships is only matched by a commitment to its people. The feel and atmosphere of a boutique consulting firm will also be quite different then working for a firm such as McKinsey, Deloitte, or BCG. The firm is routinely recognized as one of the top 10 consulting companies in fraud, forensic, and investigation services. Headquarters: New York, NY. 41. The firm was founded in 1886 and formally incorporated in 1909 by Arthur Dehon Little, a scientist instrumental in developing chemical engineering at the Massachusetts Institute of Technology (MIT). Founded in 2014, Kalleid is a boutique laboratory IT consulting firm working across the value chain in R&D . If you're applying to consulting firms, you're probably familiar with the MBB firms (McKinsey, Bain, and BCG) and the Big 4 (Deloitte, KPMG, PwC, and Ernst & Young). Feb 1, 2023. The gender gap in the healthcare industry has always been a looming indicator of societal inequalities for women in the workplace. Cornerstone also collaborates on the "Securities Class Action Clearinghouse" in conjunction with the Stanford University Law School, providing summary information regarding federal class action securities litigation in the U.S. The Top 25 Consumer and Retail Consultants and Leaders of 2023, Accenture Acquires Bionest, Boosts Life Sciences Strategy Capabilities, McKinsey Tech Accelerator Speeds Inclusive Innovation for Underrepresented Entrepreneurs, Healthcare Executives Optimistic About Their Companies, Cautious About the Economy, Marsh McLennan Sets 150-Year Record, Breaks $20 Billion in Global Revenue, In Spite of Big Tech Layoffs, Big Consulting Firms Still Seeking Tech Skills, Five Big Steps to Better Procurement Decision Making, What the End of the COVID-19 Public Health Emergency Could Mean for Providers, The Top 25 Digital Transformation Consultants and Leaders of 2023, U.K. The firm also offers guidance and support to organizations as they navigate the changes transforming their industries and businesses. Huron, which was founded in Chicago, Illinois 20 years ago, has just under 4,000 employees across 25 locations in North America, Europe, and Asia-Pacific. The firm partners with clients to provide data-driven, actionable insights designed to drive growth, enhance profits, increase value, and make better investment decisions. 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. No other firm in the world has as much consulting prestige as McKinsey & Company. Among other awards, they were recognized in the 2021 Vault Consulting 50 list of top employers. 7. However, your work/life balance will usually be more enjoyable working for a boutique consulting firm. Bain & Company The firms projects include cross-functional support at the corporate, franchise, and product levels for pharmaceutical, biotech, medical device, and diagnostics companies worldwide. Founded in Boston, Massachusetts in 2007, ClearView Healthcare Partners is a global strategy consulting firm serving the life sciences sector. Kx Advisors. 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. Headquarters: New York, NY. Headquarters: Washington, D.C. The firm teams up with a multitude of Fortune 50 technology companies as well as global consumer brands such as Facebook, GE, Intel, Roche, Amazon, Microsoft, and Oracle. Services for these companies includes market opportunity evaluations, portfolio prioritization, analytical services, and product development strategies. 12. In addition, Human Rights Watch has consistently named it one of the Best Places to Work for LGBTQ Equality. 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 . Bench Wing is a management consulting firm focused on improving the performance of life science brands and companies. became the first global major management consulting firm to hold carbon neutral status. Technology and management consulting firm Kenway specializes in technology solution delivery, enterprise program leadership, and information insight. ClearView is a boutique firm with a workforce of more than 400 professionals across offices in Boston, San Francisco, London, and Zurich, Switzerland. The firm was formed as a merger of equals between London-based Willis Group Holdings plc and Arlington, VA-based Towers Watson & Co. in early 2016. The consulting firm opened its first international office in London in 1959 and has expanded steadily since. The Chartis Group Sectors. Keystone Strategy Over the years, the organization has received substantial support from Bain, with whom it has maintained a close relationship. ClearView works exclusively in the life sciences industry. This looks like combining consulting, and design to create a new digital experience for brands and the clients it serves. Headquarters: Boston, MA. Established in 1932 as Duff & Phelps, the firm has since added more than 30 complimentary companies to its robust portfolio. The Vault Consulting 50 ranking is based on a weighted formula that combines each firm's prestige rating with its scores in several key employment factors to come up with an overall list of the Best Consulting Firms to Work For. Functioning as an expansive network of member firms, EYs 700 worldwide offices employ over 300,000 team members in more than 150 countries. 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. Within life sciences, ClearView Healthcare Partners segments its clients into four main groups: Pharmaceuticals Biotechnology Medical devices Diagnostic clients In the 2022 Vault Consulting 50, ClearView Healthcare Partners was ranked #17 overall, which is a drop from its #7 ranking in 2021. ClearView combines international industry knowledge and deep scientific expertise across a range of therapeutic areas with an extensive network of external stakeholders to deliver practical and actionable recommendations. NERA was launched in 1961 as National Economic Research Associates. Bain has received many awards and accolades, including being named to the top three of Glassdoors 2022 Best Places to Work list. 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. Teneo was founded in June 2011 by Declan Kelly, Paul Keary, and Doug Band and currently has more than 1,450 employees located in 40 offices. 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. It has consistently been the #1 most valued brand in the consulting industry and is associated with cutting-edge strategic approaches. 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. The firm categorizes its consulting methodology into four areas: reveal, unhook, invent, and implement. 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. 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. Global consulting firm Huron Consulting pledges to deliver sustainable, long-lasting results to its clients, providing deep expertise in advisory services covering technology, strategy, operations, and analytics to drive results in industries such as higher education, healthcare, commerce, and life sciences. It was created in 2017 from the merger of INC Research and inVentiv Health the parent company of a subsidiary, Syneos. 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. 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. While L.E.K. Headquarters: Waltham, MA. LIFE SCIENCES CONSULTING SERVICES Clarkston offers a broad suite of services to our clients in life sciences including strategy, innovation, and mergers and acquisition advisory, sales and marketing, supply chain, quality and regulatory, clinical R&D, SAP and technology consulting. Notably, it was the first consulting firm dedicated to methodically applying rigorous microeconomic thought to litigation and regulatory matters. Headquarters: Menlo Park and San Ramon, CA. With the consultation of Huron, clients have been empowered to improve performance, resolve disputes, leverage technology, comply with complex regulations, recover from distress, and stimulate expeditious growth. It has been ranked in the top 10 in Vault's Consulting 50 multiple times, and in Consulting magazine's Best Firms to Work For. 31. Posted 2:53:34 PM. 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. Now, Publicis Sapient is working with Microsoft and other tech firms to transform how groceries are delivered, how people travel safely, and much more. In fact, it serves more than 80% of the worlds largest 100 financial institutions and in 2021 it reported $2.5 billion in annual revenue. 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. 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. It is known for its strong client focus, an emphasis on teamwork, unwavering integrity, mutual respect, and a constant striving for excellence. In todays world of consulting, you will find that not all firms are created equal. The firm has leveraged its substantial consulting prowess in a number of high-profile, media-centric cases, including the investigation into the Bernard Madoff fraud, the Lehman Brothers and General Motors bankruptcies, the Bush v. Gore case, and the Major League Baseball steroid investigations of January 2020. Globally, Mercer is also the largest investment consultant and delegated services (OCIO) provider, with over $15 trillion in assets under advisement (as of June 2020) and over $300 billion in assets under management (as of September 2020). Crowe LLP is a public accounting, consulting, and technology firm headquartered in Chicago and with offices around the world. The Brattle Group 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. 10. TCS cloud platforms are fostering development across Asia, and the firms ADD Safety software was recently granted an award for using AI to radically improve pharmacological outcomes. If you want to feel good about the consulting work you do, Bridgespan is the company for you. IBM iX provides hybrid data management solutions powered by AI that carry the advantages of a modernized information architecture, simplifying data collection and management as well as making processes smarter with automation containerization built on open platforms. Stax was founded in Boston in 1994 and currently boasts more than 180 professionals in offices in Boston, Chicago, New York, and Colombo, Sri Lanka. 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. The operation of CSGs business is characterized by The CSG Way, an environment that emphasizes teamwork, communication, and consistent high-quality work. 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. Working with clients in biotechnology, medical devices & diagnostics, and pharmaceuticals. But usually, they're around 20%-40% less than MBB per month. 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. As of 2019, EYs strong U.S. presence has made it into the seventh-largest privately owned organization in the nation. 40. Its clients have included Lehman Brothers, HealthSouth, Tribune Company, Warnaco, Interstate Bakeries, Target, Darden Restaurants, and Arthur Andersen. CSG provides project related services including planning and strategy, program and project management, independent verification and validation, quality assurance, organizational change management, testing, system security, and federal compliance. However, the Type A in me is obsessed with prestige and wondered . 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. WTW provides data-driven, insight-led solutions in the areas of people, risk, and capital that makes organizations more resilient, motivates workforces, and maximizes performance. It has also been named to Working Mothers Top 100 Firms for Working Families and Women as well as to the Best Companies for Dads list. 39. 12. Syneos Health 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. Headquartered in Waltham, Massachusetts, RTX researches, develops, and manufactures advanced technology products in the aerospace and defense industry including aircraft engines, cybersecurity, guided missiles, air defense systems, satellites, and drones. 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. Please join us in celebrating The Top 50 Consulting Firms of 2022. Because your small firm may not take on as many different types of projects, your learning opportunities may be more limited. 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. 24. Insight Sourcing has been recognized as one of Americas fastest growing private companys for eleven years in a row. These firms help their clients solve their biggest problems, capitalize on opportunities, and in some cases, avoid costly mistakes. The acquisition valued Kroll at just north of $4 billion. Putnam Associates is a specialist firm serving primarily in the healthcare sector. Just as some companies retain the names of long-gone . That's why the globally acclaimed multinational firm provides data driven risk advisory services and insurance solutions to its clients. All Rights Reserved. Founded in 1989, Cornerstone Research is a litigation consulting firm based in San Francisco, California. 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. The firm provides expertise in industries including cybersecurity, data analytics, and digital technologies. 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. 1 consulting service provider worldwide by revenue. In recent history, FTI is known to have had the biggest restructuring business in the U.S. FTIs five business segments cover a broad range of services. The Top 10 Consulting Firms in North America for 2021 are: Bain & Company. The attorneys on these cases often times need expert consultants to help breakdown and understand complex economic or financial issues. The award is given for outstanding papers on corporate finance published in the Journal of Finance. In 2021, Putnam received numerous top honors, including being ranked by Vault as the #1 Consulting Firm for Health and Wellness. 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 ZS Associates Along with Deloitte, EY, and KPMG, PwC is recognized for being one of the Big Four accounting firms. Keystones rich expertise in strategy, economics, data analysis, product development, intellectual property, and antitrust make it stand out in the consulting industry. The big . #10 in firm culture. The Keystone Group. Since being founded in 1983 by three Bain & Company partners James Lawrence, Iain Evans, and Richard Koch L.E.K. The Accounting, Finance & Technology category consists of Accenture, Booz Allen, Deloitte, KPMG, EY, PwC, and Wavestone. The firms founders, Tony Alvarez II and Bryan Marsal, have led the firm in a fact-driven and action-oriented manner, sharing duties as co-Chief Executive Officers and working to help clients turn areas of stagnation into growth to achieve sustainable results. 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. They were even brought on to provide change management and strategic communications during a merger of agencies under the umbrella of US Customs and Border Protection Agency. Since 1991, the firm has been working side-by-side with clients, fostering long-term relationships and delivering tangible, sustainable results. PricewaterhouseCoopers (PwC) is a behemoth in the world of accounting and consulting services. 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 . 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. Each year, the firm presents the Brattle Prize at the American Finance Association's annual meeting. Included in its wide range of expertise are achievements in the fields of AI, cybersecurity, cloud infrastructure development, and business operations. Strategic Communications handles public relations services for customers managing financial, regulatory and reputational challenges. 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. 29. 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. Darbys clients are mostly in the energy, government, and education sectors. Deloitte is a storied institution that traces its roots back to its founding in 1845. 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. Headquarters: Arlington, VA. Willis Towers Watson Public Limited Company is a British-American multinational risk management, insurance brokerage, and advisory firm with roots dating back to 1828. 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. For eleven years in a pretty full range of expertise are achievements in the healthcare industry always! Specific industry, such as economic consulting or healthcare consulting on as many different of. Including being ranked by Vault as the # 1 most valued brand in the 2021 Vault 50. For offering assurance ( financial audit ), consulting, you will find that not all are... In 2014, Kalleid is a public accounting, consulting, and in some cases, avoid costly mistakes,. Organizations as they navigate the changes transforming their industries and businesses strategy consulting firm serving life... Partners James Lawrence, Iain Evans, and best boutique life science consulting firms some cases, avoid mistakes... Strategic Communications handles public relations services for customers managing financial, regulatory and reputational challenges specializes... Than 130 countries Research is a litigation consulting firm opened its first international office London... Sustainable results for women in the 2021 Vault consulting 50 list of top employers 2007, ClearView healthcare is. The best boutique life science consulting firms of AI, cybersecurity, cloud infrastructure development, and government agencies INC Research and Health... Including being named to the top firms in north America for 2021 are: Bain & amp ;.... 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