The Chartis Group Since 1983, when NERA was acquired, it has remained a part of the Oliver Wyman Group, a subsidiary of Marsh & McLennan Companies, Inc. Barrett, The Honors College . Headquarters: Boston, MA. The Keystone Group. The Bridgespan Group is a U.S. nonprofit organization launched in 1999 and based in Boston, Massachusetts that provides management consulting to nonprofits and philanthropists. The good news for you is that there are quite a few top-notch boutique consulting firms across the country. Headquarters: New York, NY. 48. 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. 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. 2023 Best Boutique Consulting Firms # 1 SCORE 9.757 2022 Rank 1 ghSMART ghSMART Founder Dr. Geoff Smart's Psychology PhD dissertation found that those private equity firms best at choosing teams made the most money. Among its clients, CRA counts a large number of Fortune 500 companies and Am Law 100 firms. 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. EY is known for offering assurance (financial audit), consulting, tax, and advisory services to its customers. The Consulting Report is pleased to announce The Top 100 IT Consulting and Services Companies of 2021. 8. 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 . 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. Insights clients are often in the private equity industry, and also Fortune 1000 companies looking to improve their sourcing and procurement performances. Insight Sourcing focuses almost exclusively on strategic sourcing and procurement. Furthermore, the RPS segment provides tailored solutions for customers commercial, government, and military who are not just based in the U.S., but rather located across the globe. CohnReznicks history of social advocacy has helped strengthen housing policies and paved the way for emerging industries like cannabis. The firms Nexia International affiliation expands its reach to more than 128 countries. Bates White Economic Consulting The firm has followed the trends of the sector by augmenting its service portfolio to include markets adjacent to accounting, adding strategy, operations, HR, technology, and financial services consulting. Because your small firm may not take on as many different types of projects, your learning opportunities may be more limited. 12. Headquarters: Chicago, IL. KPMGs three primary lines of services cover financial audit, tax, and advisory concerns, with its tax and advisory services further divided into a number of specific service groups. The firm, which gets a significant portion of its revenue from the U.S. government, is the result of the 2020 merger between the aerospace subsidiaries of United Technologies Corporation and the Raytheon Company. The Chartis Group consists of more than 550 talented professionals across four offices in Boston, Chicago, New York, and San Francisco with the experience and capabilities required to transform healthcare. Kenway Consulting Founded in 1999 by Charles Bates and Halbert White, the firm currently has one office in Washington, D.C., with nearly 300 employees. Back Bay Life Science Advisors. It is the nations leading healthcare advisory firm and has an unparalleled breadth of capabilities and depth of experience. 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. This includes designing strategy and implementing plans and performance measures for multi-million-dollar donations. Headquarters: San Francisco, CA. Founded in 1973, Bain is one of the "Big Three" management consultancies (along with McKinsey & Co. and Boston Consulting Group). Featuring an unparalleled 360 research capability as well as rigorous analytic capabilities, the firm has earned a stellar reputation due to its benchmarking, competitive analysis, ability to listen to the voice of the customer, commercial diligence, work supporting investment decisions, and other externally driven strategic development work. 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. Headquarters: New York, NY. Animals and Pets Anime Art Cars and Motor Vehicles Crafts and DIY Culture, Race, and Ethnicity Ethics and Philosophy Fashion Food and Drink History Hobbies Law Learning and Education Military Movies Music Place Podcasts and Streamers Politics Programming Reading, Writing, and Literature Religion and Spirituality Science Tabletop Games . CRA provides a wide range of solutions to organizations in communications, retail and distribution, life sciences, energy, and other industries, and its services include analytics, forensic accounting, mergers and acquisitions, and more. The IT Services Report is pleased to announce The Top 25 Women Leaders in Cybersecurity IT Services of 2021. It provides services to 420 out of 500 Fortune 500 companies, making it the second largest professional services firm in the world. As such, its consultants use hard economic data to make their case, drawing on the firms expertise in fields like statistics and computer science. The firm partners with clients to provide data-driven, actionable insights designed to drive growth, enhance profits, increase value, and make better investment decisions. Please join us in celebrating The Top 50 Consulting Firms of 2022. Back Bay Life Science Advisors is ranked among the Best Boutique Consulting Firms, according to the Vault 2022 rankings. Headquarters: Boston, MA. Headquarters: Chicago, IL. Its clients include a significant number of the Fortune 100 and FTSE 100, as well as other corporations, financial institutions, and organizations. While the firm offers a wide range of consulting services, it is best known for its work within banking and financial services. The firm has a 97 percent client satisfaction rating, marking one of the highest ratings on our list of boutique consultancy firms. Among its numerous awards, in 2007 L.E.K. 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. L.E.K. The firm is committed to a culture of inclusion and diversity and a focus on community engagement. Among other awards, they were recognized in the 2021 Vault Consulting 50 list of top employers. Sometimes these firms will focus on a specific industry, such as economic consulting or healthcare consulting. Working with clients in biotechnology, medical devices & diagnostics, and pharmaceuticals. The ranking is based on employee participation in an anonymous, open-ended survey that covers topics ranging from workplace culture to quality of life, and more. 11. While the firm in its present form was created in 1998 (by a merger between two accounting firms: Coopers & Lybrand and Price Waterhouse), its legacy can be traced back to the middle of the nineteenth century, when it was founded in the U.K. Today, it employs over 280,000 people who operate in more than 150 countries around the world. 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. We strive to bring a new approach to consulting with original ideas that deliver a meaningful impact. Kaiser Associates was founded as a spin-off from Strategic Planning Associates (now Oliver Wyman) by Michael Kaiser and is now based both in Washington D.C., and London, with a third office in So Paulo. However, the Type A in me is obsessed with prestige and wondered . 16. Often times boutique consulting firms wont have the same type of training and development programs available. Pharma consultancy Putnam Associates rebranded Putnam last year made headlines in 2019 when it was acquired by healthcare giant UDG in an $88 million deal, which has allowed Putnam to strengthen its foothold in the rapidly expanding life sciences industry. 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. Rolfe founded Keystone with the goal of creating a firm that placed service to its clients above its own interests. With nearly 300,000 employees working from home since March 2020, Cognizant continues to expand its reputation for quality digital solutions and workplace innovation, with particular focus on its Work Ahead AI action and research initiative. Some of its clients have included the Department of the Treasury, Department of Justice, NASA, and more. Headquarters: Chicago, IL. Clarkstons services to clients include strategy & innovation consulting for sales and marketing, project and program management, and new system implementation. 34. 12. From the firms outset, it has specialized in and set the operational standard for steering fact-based strategy and implementation. Headquarters: Boston, MA. Along with Deloitte, EY, and KPMG, PwC is recognized for being one of the Big Four accounting firms. 45. The analyst pay commensurate with that is usually less than for MBB firms. At the time, the firm was known as Marsh & McLennan. Headquarters: Boston, MA. Insigniams belief is that culture fuels strategy. 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. This boutique firm strives to provide key insights and resources to help its clients overcome challenges, and accelerate business growth. Based on nominations and our further proprietary research, we have selected the 50 best firms. Canadian Venture Capital-Funded Biotech Companies to Watch in 2023. The firm has held a leadership position in community investment for more than 35 years and a 15-year commitment to the cleantech and renewable energy industries. Copyright:The Top 50 Consulting Firms of 2022 publication is copyrighted material, produced and published by The Consulting Report. With over 6,000 people across four continents, A&M delivers tangible results for corporations, private equity firms, law firms, and government agencies facing complex challenges. This includes placing in Best Places To Work In Chicago in 2020 and 2021 and being honored as one of the Best and Brightest Companies to Work For by the National Association for Business Resources for four consecutive years. In its 20-plus-year history, Bates White has received a number of awards and accolades from industry experts celebrating the firm as a top place to work or internship at. Boston Consulting Group For the past 20+ years, Fortune magazine has consistently included the firm in its list of the 100 Best Companies to Work For, beating out the streaks of other leading accounting firms. There are many reasons to consider joining a boutique, including work/life balance, firm culture, local staffing, and the ability to specialize. Bain & Company is a global management consulting firm headquartered in Boston, Massachusetts, and with 63 offices in 38 countries around the world. It has consistently been the #1 most valued brand in the consulting industry and is associated with cutting-edge strategic approaches. Headquarters: Chicago, IL. Services for these companies includes market opportunity evaluations, portfolio prioritization, analytical services, and product development strategies. Cornerstone Research The pitch seems to be working, as Syneos Health continues to grow and currently boasts customers in more than 110 countries. Career paths are also not as defined at the smaller boutique consulting firms. The Brattle Group 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. Publicis Sapient has a fascinating history of collaboration and cross-pollination with its French parent company, Publicis, and its fellow subsidiary Sapient Razorfish. Further down are the "tier-2" consulting firms - Accenture, Oliver Wyman, LEK, etc. 9. Its a subsidiary of parent company Marsh & McLennan the consulting giant that earns annual revenue of nearly $20 billion. This merger was a bold gambit from a Big Four contender to step up its value chain efforts, moving beyond audit services to embark on new business ventures and give its clients various new points of entry. That's why the globally acclaimed multinational firm provides data driven risk advisory services and insurance solutions to its clients. Back Bay Life Science Gallery . If we had to choose a "one-stop-shop" category, this would be it. Founded in Boston, Massachusetts in 2007, ClearView Healthcare Partners is a global strategy consulting firm serving the life sciences sector. Crowe is driven by a workforce of more than 4,400 professionals and experts, and has been recognized by Fortunes 100 Best Companies To Work For list. With active partner engagement, Keystones teams develop and implement recommendations to address its clients most complex business challenges. They help provide corporations, governments, and other types of organizations with analytics, insights, and counsel on a wide variety of matters. 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. Willis Towers Watson Headquarters: San Francisco, CA. Booz Allen Hamilton has evolved from its humble beginnings 107 years ago when it was started by Edwin G. Booz as a service offering impartial advice to then-nascent organizations such as Goodyear, Canadian Pacific Railway, and the like. 9. The firm has received many awards for its workplace equality, global culture, and environmental records, including the Human Rights Campaign Award for Workplace Equality Innovation. Alvarez & Marsal In pursuit of Grant Thorntons purpose to make business more personal and build trust into every result, Grant Thornton consultants focus on relationships, quality and comprehensive service. Founded in 1991 by Andy Rolfe, who formerly worked for Andersen Consulting, The Keystone Group is a results-oriented management consulting firm serving mid-market manufacturing and distribution clients and their stakeholders. The firm and its subsidiaries also help clients make decisions that lead to lasting value with its tax, advisory, and consulting services. This is a consulting firm that found its niche, and has excelled in its field ever since opening its doors. Liked by Brittany Warren. Founded in 1990, Insigniam handles enterprise-scale transformation, transformational leadership, and managing change as a leading management consulting firm. 49. 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. Bain has received many awards and accolades, including being named to the top three of Glassdoors 2022 Best Places to Work list. It has more to do with how the firm views itself, then actually meeting a pre-determined set of requirements. Kroll advises clients in the key areas of valuation, corporate finance, disputes and investigations, cyber security, and regulatory issues but the firm is arguably best known for its work in administration processes. 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. Whether massive global firms or small boutiques, clients rely on these firms for revenue growth, operational improvements, human capital management, and digital transformation, among many other services. 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. Protiviti The main industries it focuses on is consumer products, retail, and life sciences. The top firms in this category are: Advancy, EY-Parthenon, Strategy&, Kearney, LEK, OC&C, Oliver Wyman, Roland Berger, and PwC Strategy&. Ignyte is a boutique firm that specializes in management and digital experience consulting. Insigniam partners with its clients to blend inherent business insights with its expert, unique methods for alternative thinking, sculpting behavior, and execution of results. The services offered include helping companies identify, measure, and manage operational and technology-related risks as well as providing internal audit services, technologies, and skills for business risk management throughout the world. Notably, it was the first consulting firm dedicated to methodically applying rigorous microeconomic thought to litigation and regulatory matters. I work only 40 hours on average per week at my current firm. For information pertaining to content permissions, please refer to The Consulting Reports award usage regulations. As one of the top-rated boutique consulting firms, Clarkston Consulting has a solid and well-defined history of success in terms of service and clients served. This includes strategy development for biopharmaceutical, biotechnology, diagnostics, and related fields. As for exit opportunities, I do not see much differentiation. Syneos Health West Monroe. A complete listing of our offerings can be found under the Services tab. Teneo works exclusively with the CEOs and senior executives of the worlds leading companies, providing strategic counsel across their full range of key objectives and issues. 10. The Consulting Report is your comprehensive source for business news, leadership dynamics and corporate actions related to the consulting, professional services and tech services industries. 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