A consultancy provides solutions and advice to a company so that the firm or organization can improve its efficiency and provide better services and products to its customers. These advisers are professionals and have vast knowledge in a specific field. When a consultant is hired the clients get a deeper level of expertise, and this reduces the cost and time spent on a project.
Some of the most significant consulting firms in the world are:
McKinsey & Co:
McKinsey and Company provide qualitative and quantitative analysis to companies that want to improve their management decisions. McKinsey has contributed to the success of many businesses. The company is considered to one of the prestigious management consultancies in the world. James O. McKinsey founded McKinsey in the year 1926. It was one of the first companies to hire college graduates rather than experienced managers; the firm also follows a policy where if you are not promoted you will be asked to leave.
Boston Consulting Group:
The Boston Consulting Group has over 85 offices in about 48 countries. It was founded in the year 1963 by Bruce Henderson. The group provides advice to clients in the public, private, and not-for-profit sectors around the world. The firm was considered to be one of the most prestigious management consulting firms. They provide an excellent client impact and offer a unique professional development.
Deloitte is a UK incorporated firm and has its headquarters in New York City, United States. It is one of the largest professional service networks and has two hundred thousand employees and revenue of $38.8 billion in the year 2017. As per the reports in the United Kingdom, Deloitte had the largest number of clients amongst FTSE 250 companies in the year 2012. Gartner reports ranked Deloitte as number one by market share. The top-performing in the consultancy is recognized and rewarded, and the firm focuses on providing intense training to the employees to provide better results.
Ernst & Young:
Ernst & Young is one of the big four accounting firms, and also it is one of the largest professional service firms in the world. Ernst & Young has its headquarters in London, England. It has over 700 offices in 150 countries, and there are about 231,000 employees as of the year 2016. It was founded by merging Ernst & Whinney and Arthur Young & Co in the year 1989. EY was ranked 29th in the top 100 companies to work for list by the Fortune Magazine.
Bain & Co.:
Bain & Company provides solutions and advice on issues like corporate strategy, restructuring, finance, mergers & acquisitions and operations. The firm was founded in the year 1973 by VP William Bain. The company has some of the best-talented consultants, and they are very supportive. The consultancy also provides some of the best solutions to the problems faced by the clients.