New York — Aug. 25
Vault.com released its annual Top 50 Consulting Prestige Rankings, with McKinsey & Co. voted the No. 1 consulting firm by its peers for the 10th year in a row.
From March through July, nearly 5,000 consultants of all levels were asked to rate consulting firms on a scale of 1 to 10 based on prestige. (They were unable to rate their own firm, and were asked to rate only firms with which they were familiar).
The 2011 Top 10 Most Prestigious Consulting Firms according to the ranking are McKinsey & Co., the Boston Consulting Group, Bain & Co., Booz & Co., Deloitte Consulting, PricewaterhouseCoopers, Monitor Group, Ernst & Young, Mercer LLC and Accenture.
“McKinsey is the consulting industry’s gold standard,” said Brian Dalton, director of research and consulting at Vault.com. “They’ve been on top of our rankings for a decade and it’s hard to see anyone overtaking them.”
Survey respondents called the consultant “innovative,” “top notch,” “strategy kings,” “the smartest guys in the room,” the “pinnacle,” and the “Goldman Sachs of consulting.” McKinsey was also heralded for its “extremely prestigious management consulting,” and for employing “well respected, top talent.”
This year's prestige ranking did not show significant change in the Top 10, with the Top 5 exactly as it appeared last year. There was some movement in the bottom 10, as PricewaterhouseCoopers jumped two spots to No. 6; Ernst & Young moved a spot to No. 8 and Mercer LLC tumbled three spots to No. 9. In addition, Accenture found its way into the Top 10, as Oliver Wyman fell two spots to No. 12 this year.