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What is a Tier 2 Consulting Firm?
Tier 2 consulting firms include Deloitte, Strategy& (PwC), LEK, Oliver Wyman, EY-Parthenon, Accenture, AT Kearney, and Roland Berger. While these firms have strong brand recognition and prestige, their reputation is a step below the top three management consulting firms of McKinsey, Bain, and BCG.
What are the tiers of consulting?
The four key types of consulting firms
- #1: Strategy. ex: BCG.
- #2: Implementation. ex: Accenture.
- #3: Functional specialist. ex: FTI.
- #4: Industry specialist. ex: Chartis Group.
Is Accenture a Tier 1 consulting firm?
At the highest level, if you’re talking strategy, MBB is the top tier. If you’re talking implementation, it’s probably Accenture, Deloitte and IBM. Traditionally people put MBB as tier 1 for their strategy and… Deloitte plus whatever firms they don’t hate for tier 2.
What is a Tier 1 management consulting firm?
Tier 1: MBB (McKinsey, BCG, Bain) The top-tier consulting firms are collectively known as MBB, which stands for McKinsey, BCG, and Bain. These three companies are the most prestigious management consulting firms to work for.
Is AT Kearney prestigious?
A.T. Kearney and Bain are two of the top consulting firms in the world. They are elite organizations that offer employees a blend of prestige, high compensation, and exciting opportunities. So, it should be no surprise that they are highly sought-after employers for MBA graduates.
Is McKinsey a big 4?
The big four consulting firms that account for nearly 40\% of the industry are PwC, Deloitte, EY, and KPMG. These are followed by McKinsey & Company and the BCG – US strategy giants. The allure of consulting still pervades throughout and across the business school and MBA world.
Why is Accenture not a big 4?
But you’re entirely right in that Accenture isn’t considered a part of the Big Four accounting firms precisely because its skillset is advisory rather than accounting. Accenture used to be a part of the “Big 5” with Andersen, but they had to re-brand because of the Enron scandal. They no longer do accounting.
What are the best consulting firms in the US?
McKinsey&Company. It’s no surprise that McKinsey&Company tops the list — they are without a doubt the most well-known consulting firm in the entire world.
What are Tier 2 accounting firms?
• The tier two accounting firms: These firms are right below the BIG 4 accounting firms. Some tier two accounting firms include: Grant Thornton LLP, BDO Seidman LLP, and RSM McGladrey LLP. These firms are similar to the BIG 4, but have a smaller client base focus of middle market companies.
What are the best strategy consulting firms?
Accenture
What are the largest consulting companies in the world?
Deloitte Consulting, PwC / Strategy& and EY Advisory are the largest consulting firms of the globe, reveals new research by Gartner. The Big Four accounting and consulting giants together hold 40\% of the market, with the top 200 firms globally distributing nearly 80\% of the $125 billion advisory market.