Insider Insights: Consulting Firms With The Highest Pay & Happiest Employees

consulting industry career advancement

Source: Wall Street Oasis 2022 Consulting Industry Report

WHICH CONSULTING FIRMS ARE BEST FOR CAREER ADVANCEMENT?

The Company Reviews section of the WSO report provides employee perspectives on a host of metrics linked to company culture and what it’s like to actually work there. Insights are based on 30,131 user submissions about experiences and their particular firm.

For career advancement, we’ll highlight employee perceptions of four metrics: (1) their company’s professional growth opportunities, (2) overall satisfaction, (3) advancement opportunities, and (4) fairness in promotions and how people are treated. There are other metrics you can explore here

The same five to six companies stand out at the top of each of these metrics. Sure, the MBBs are all there (McKinsey, Bain, and BCG), but delving down into these types of metrics can help find other firms with great career potential. 

  • Overall Employee Satisfaction (see chart top left): Bain & Company employees report being most satisfied with their company with a percentile score 99.4%. Bain is followed by Cornerstone Research (98.8%), BCG (98.1), McKinsey & Company (97.5%), and Oliver Wyman (96.9%). 
  • Professional Growth Opportunities (see chart top right): It’s Bain again at top with 99.4%, followed by McKinsey (98.8%), BCG (98.1%), Oliver Wyman (97.5%) and Alvarez Marsal (96.9%)
  • Career Advancement Opportunities (see chart bottom left): For employees feeling like their company offers advancement opportunities, The Big Three lead the pack with McKinsey at 99.4%, Bain at 98.8%, and BCG at 98.1%. Oliver Wyman is the fourth highest with 97.5% and West More Partners follows at 96.9%.

Most fair in promotions and treatment (see chart bottom right): There’s a bit movement here with Cornerstone Research leading at 99.4%, followed by Bain (98.8%), Oliver Wyman (98.1%), BCG (97.5%) and NERA Economic Consulting (96.9%). McKinsey comes in at No. 6 with 96.3%.

consulting industry career advancement

Source: Wall Street Oasis 2022 Consulting Industry Report

NEXT PAGE: Consulting firms with the best work-life balance

 

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