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Tamesha Clanton answered 2 years ago
The management consulting industry is very vast and global and you can trace its roots way back to the late 19th century or so. Over the years, there have been fluctuations in this industry but it has always risen. Moreover, speaking of the consulting business, there are many top-tier management consulting firms. And the industry is broken up into as many as four tiers as seen in this article.
Thus, the top tier management consulting firms are as follows:
First, you have the MBB consulting firms and they are regarded as the global leaders when it comes to management consulting. In this elite tier, you have the three main consulting firms – McKinsey & Company, Bain & Company, and The Boston Consulting Group (BCG).
Second, the next tier comprises the “Big 4” consulting firms. They are equally well-renowned but are slightly inferior to the MBB firms. In this tier, you have the 4 firms comprising – Deloitte, PricewaterhouseCoopers, Ernst & Young, and KPMG.
Third, you have the next tier of consulting firms and they are known as tier 2 firms. This section comprises large to medium-sized consulting companies such as – Accenture, Roland Berger, LEK Consulting, and Oliver Wyman.
Fourth, and lastly, we have boutique consulting firms. Such firms are comparatively smaller than the above ones, but they do the same job as any consulting firm. In this tier, you have a vast number of consulting firms, but some of them include – Emerton, Mawenzi Partners, Kline Group, and Contax Partners.
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