Harvard | Mr. MacGruber
GRE 313, GPA 3.7
Kellogg | Mr. Real Estate Finance
GMAT 710, GPA 3.0
Emory Goizueta | Mr. Multimedia
GRE 308, GPA 3.4
Berkeley Haas | Mr. Poet At Heart
GMAT 740, GPA 3.7
Yale | Mr. Ukrainian Biz Man
GRE 310, GPA 4.75 out of 5
Darden | Mr. Former Scientist
GMAT 680, GPA 3.65
Stanford GSB | Mr. Sustainable Business
GRE 331, GPA 3.86
Wharton | Mr. Microsoft Consultant
GMAT N/A, GPA 2.31
Yale | Ms. Impact Investing
GRE 323, GPA 3.8
Cornell Johnson | Ms. Food Waste Warrior
GMAT Not written yet (around 680), GPA 3.27
Stanford GSB | Ms. Future Tech Exec
GMAT 750, GPA 3.4
Georgetown McDonough | Ms. Air Force
GMAT 610, GPA 3.8
Harvard | Mr. Healthcare Fanatic
GMAT 770, GPA 3.46
Kellogg | Mr. Finance To Education
GMAT 730, GPA 3.4
Rice Jones | Mr. Back To School
GRE 315, GPA 3.0
Columbia | Mr. Aussie Military Man
GMAT 710, GPA 3.0 (rough conversion from Weighted Average Mark)
Harvard | Mr. Hopeful Philanthropist
GMAT 710, GPA 3.74
Stanford GSB | Mr. FinTech
GMAT Not Taken Yet, GPA 3.5
UCLA Anderson | Mr. Analytics Man
GMAT 740, GPA 3.1
Cornell Johnson | Mr. FinTech Startup
GMAT 570, GPA 3.4
Darden | Ms. Teaching-To-Tech
GRE 326, GPA 3.47
Chicago Booth | Mr. Future Angel Investor
GMAT 620, GPA 3.1
Wharton | Ms. Software Engineer
GMAT 760, GPA 3.84
Harvard | Mr. PE Strategist
GRE 326, GPA 3.6
Harvard | Mr. FBI To MBB
GMAT 710, GPA 3.85
Harvard | Mr. MBB Consultant
GMAT 730, GPA 3.9
Chicago Booth | Mr. Cal Poly
GRE 317, GPA 3.2

Top 50 Consulting Firms To Work For In 2020

McKinseyites at the 2019 SXSW booth

FINDING A NEEDLE…IN A STACK OF NEEDLES

What can the consulting industry expect in the coming year? Looking over his 23 years in consulting, Bain & Company’s Keith Bevans remembers when the big challenge was finding data that could unlock game-changing insights. Now, Bevans notes, clients can supply all of that data on a thumb drive. In other words, says Bevans, the industry has changed from finding a needle in a haystack to “finding the right needle in a stack of needles.” Translation: the job has evolved so consultants are now looking for the right data, figuring out what it means, and turning it into encompassing and lasting solutions.

“Data availability and proliferation is actually what I consider both an opportunity and a threat,” Bevans shares. “There is more data being created than ever before – and the firms that will win are ones like Bain that can digest that and make sense of it, even though it can be overwhelming to most people. Being able to digest that amount of data and still get the insights to drive action and results for clients is harder than ever. That is something that I’ve witnessed over time.”

For Vault’s Stephan Maldonado, another change to watch is increasing client demand for integrating new methods and technologies into their services. “Firms are feeling the pressure to innovate in “hot” industries, not only to remain competitive when vying for clients but also to attract and retain talent,” he explains. Firms are investing more than ever in digitally upskilling their employees and expanding capabilities in big data, cloud computing, AI, etc. Most firms, be they a life sciences firm or an economic consulting firm, wants to position itself as a tech firm. More than ever, in the responses to our Outlook-related questions, consultants cited a firm’s efforts to not only invest in new technologies but also to train employees in those technologies as a key indicator of innovation and potential success in the future.”

‘FOR THE TIMES, THEY ARE A-CHANGING’

Bain had studied the implications of this transition long ago. As a consultant in the 1990s, Keith Bevans recalls how a supply chain solution might involve a “well-designed, well-formatted” Excel model. Now, clients often receive “a slick app with an intuitive user interface” for their phone, iPad, or desktop. To deliver this, a Bain case team will now include a member of their Advanced Analytics Team on the front end and a member of the Advanced Digital and Product Team (ADAPT) on the back end to produce an easy-to-use solution that truly adds value. The challenge now, Bevans asserts, is orchestrating all of these extra parts.

“As a partner and manager on a case team, I have to integrate all of these disciplines in a way that I didn’t have to do 20 years ago,” he says.

IMAGINING THE WORK OF TOMORROW

Keith Bevans, Bain Partner and Global Head of Consulting Recruiting

Increased demands aside, Bevans believes that failing to keep pace is one of the biggest threats to consulting firms. “It is no longer enough to just be a brilliant spreadsheet jockey and deliver all of your value in Excel or PowerPoint. We’re using Tableau to have real-time, interactive scenario models with our clients in meetings. Whereas before, you would run the model and cut-and-paste screenshots onto a PowerPoint slide and call it a day. Now, it is a more interactive meeting. You’re going to plug the laptop into the screen and you’re going to run scenarios in the meeting. As questions arise, we’re going to run those scenarios.”

That requires consultants to invest more in themselves. At Bain, Bevans points out that the firm provides regular, deep-dive training in areas like advanced analytics tools and digital integration. Similarly, the firm offers certifications, for example, to seasoned data scientists to help them stay current with cutting edge developments in the market. By upgrading such skills, Bevans adds, firms are laying the groundwork for long-term success.

“The threat is you take your eye off the ball and you’re not investing in your talent…These are the kind of investments that don’t just teach people how to do the work they need to do today, but it is preparing them for the kind of work they’re going to need to do tomorrow. The threat for any consulting firm is they lose sight of that and focus on the road directly in front of them that’s trailing off over the horizon.”

DON’T MISS:

MEET McKINSEY‘s MBA CLASS OF 2018

MEET BAIN & COMPANY’S MBA CLASS OF 2018

Q&A: WHAT McKINSEY SEEKS IN MBA HIRES

Q&A: WHAT BAIN SEEKS IN MBA HIRES

Q&A: WHAT THE BOSTON CONSULTING GROUP SEEKS IN MBA HIRES

Q&A: WHAT DELOITTE SEEKS IN MBA HIRES

Q&A: WHAT PwC SEEKS IN MBA HIRES

 

Go to next page to see how McKinsey, Bain, and BCG compared head-to-head in the 2020 Vault Consulting 50.