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. Clarkstons services to clients include strategy & innovation consulting for sales and marketing, project and program management, and new system implementation. CohnReznick LLP Following the merger, more than 27,000 talented Syneos Health individuals now form one unique brand that offers a mix of research and advisory services. Stax is a global management consulting firm serving corporate and private equity clients across a broad range of industries including software/technology, healthcare, business services, industrial, consumer & retail, and education. Equipped with an expertise in human behavior, he and his early colleagues went on to advise private. In 2018, NERA was ranked second in Vault's annual survey of the top firms in economic consulting. The global logistics market is continuously changing due to technological innovation, sustainability efforts, need for goods and materials, the emergence of new markets, and mergers and acquisitions. Please join us in celebrating The Top 50 Consulting Firms of 2022. Among other awards, they were recognized in the 2021 Vault Consulting 50 list of top employers. 22. Boutique consulting firms are management consulting firms that tend to specialize in an area of expertise or have close connections to local clients. Academic Requirements & Preparation: While many firms say you don't really need to be a specific maj Continue Reading 26 Sponsored by PureCare Knee Protector 9. 41. 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. Some firms are very small and specialized, and others are massive and have their hands in every business sector imaginable. 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. Back Bay Life Science Gallery . Further, Grant Thornton consultants are consistently awarded with some of the industrys top accolades. 34. In addition to financial success, the firm frequently receives top accolades from the likes of Fortune, The Financial Times, and Vault. Often times boutique consulting firms wont have the same type of training and development programs available. Its diverse teams leverage expertise in business, technology, and economics, and as a result, their work includes digital transformation, innovation, AI/ML, data analytics, algorithms, ecosystem strategy, process optimization, antitrust, intellectual property, and tax transfer expertise. Copyright:The Top 50 Consulting Firms of 2022 publication is copyrighted material, produced and published by The Consulting Report. Ursula Burns, the former CEO of Xerox, has been chosen as the chairwoman of the company with the departure of Declan Kelly, the former CEO and chairman of the company, and also co-founder As highlighted by the widespread SolarWinds security breach, the public and private sector can no longer afford to act separately when it comes to cybersecurity. Corporate Finance and Restructuring provides business turnaround services, including support for restructuring, litigation, insolvency, and interim management. ZS Associates Boston Consulting Group (BCG) is a global management consulting firm and one of the Big Three management consultancies. With a holistic lifecycle approach, Alira Health is one of the best healthcare consulting firms for every state of a client's corporate and product evolution. If we had to choose a "one-stop-shop" category, this would be it. Cornerstone Research works with attorneys on commercial litigation cases. The main industries it focuses on is consumer products, retail, and life sciences. Its clients are pretty diverse, covering all levels of government, healthcare, legal, startups, financial services, and more. Headquartered in Menlo Park and San Ramon, California, Protiviti boasts a clientele that includes over 60% of Fortune 1000 and 35% of Fortune Global 500 companies. As a company, ClearView values and invests in employee development and leadership training. getty. Rolfe founded Keystone with the goal of creating a firm that placed service to its clients above its own interests. All Rights Reserved. 31. 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. Insights clients are often in the private equity industry, and also Fortune 1000 companies looking to improve their sourcing and procurement performances. It collaborates with a peerless ecosystem of partners such as Adobe, Salesforce, Samsung, Apple, and SAP to drive value and differentiation through outstanding customer experiences. 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. 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 . Included in its wide range of expertise are achievements in the fields of AI, cybersecurity, cloud infrastructure development, and business operations. Over the years, Kroll has been hired by multinational corporations and governments alike to investigate a wide range of issues. Named for its founder, the firm pioneered the concept of contracted professional services and played a key role in the development of the word processor, the first synthetic penicillin, LexisNexis, SABRE, and NASDAQ. This firm is led by a former Harvard Business School professor, and previous Bain & Company alumni. Bridgespan was founded by Thomas Tierney, formerly Managing Director of Bain & Company; Harvard Business School professor Jeffrey Bradach; and Paul Carttar, formerly a Vice President at Bain & Company. Kx Advisors. McKinsey & Company. The IT Services Report is pleased to announce The Top 25 Women Leaders in Cybersecurity IT Services of 2021. 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. It has also been named to Working Mothers Top 100 Firms for Working Families and Women as well as to the Best Companies for Dads list. Since 2018, Cognizant has also been at the forefront of using blockchain technologies to facilitate secure data sharing between companies. However, this term boutique is up for interpretation. Booz Allen has been consistently recognized as an industry-leader in corporate citizenship, employee empowerment, and executive leadership. With headquarters in Armonk, New York and more than 10,000 employees, IBMs consulting branch IBM iX is now one of the largest digital and design consultancies worldwide, with roughly 60 studios as well as wide-reaching global network of strategists, designers, developers, and data architects leveraging deep industry and ISV expertise. It employs more than 10,000 employees in 25 offices in North America, South America, Europe, and Asia. It has been ranked in the top 10 in Vault's Consulting 50 multiple times, and in Consulting magazine's Best Firms to Work For. We work with more than three-quarters of the Fortune Global 500, as well as with the most influential governmental and non-profit organizations. Clients also include the philanthropist donors themselves, who are looking to get the most out of their donations. I work only 40 hours on average per week at my current firm. By the latest reckonings, Tata Consultancy Services (TCS) is the largest and most valuable IT services provider in the world. Major project achievements include assisting the U.K. government on the privatization of passenger train operating companies in the mid-1990s, providing strategic and commercial advice on the world's largest airline merger in 2007, and opening its fifth European office in Madrid, Spain in 2021. 28. The firm's clients in this area include large multinational companies, high growth middle-market businesses, small commercial enterprises, and high net-worth private clients. Back Bay Life Science Advisors. 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. The firm is a preferred thought partner to the worlds most highly valued corporations, PE firms, and government entities, guiding them in turning their most difficult obstacles into extraordinary growth and productivity opportunities. Headquarters: Arlington, VA. Willis Towers Watson Public Limited Company is a British-American multinational risk management, insurance brokerage, and advisory firm with roots dating back to 1828. Headquarters: Washington, D.C. Huron Consulting specializes in helping its client organizations navigate change and economic pressures in various dynamic environments. services nearly all industries and functions, it is best regarded for its work in healthcare and private equity. BCG is driven by more than 25,000 employees across 90-plus offices in over 50 countries and regions. 46. NERA was launched in 1961 as National Economic Research Associates. The firm focuses on delivering integrated solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. It specializes in helping clients to affect the greatest possible change with their charitable donations, and advises clients against spreading donations too thinly so "that they have no real impact. Headquarters: Boston, MA. It is proud to have established relationships spanning over two decades or longer with public and private corporations, private equity firms, their portfolio operations groups, and portfolio companies. 38. Each year, the firm presents the Brattle Prize at the American Finance Association's annual meeting. The firm has a 97 percent client satisfaction rating, marking one of the highest ratings on our list of boutique consultancy firms. 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. 24. TPG hires consultants with backgrounds in industrial engineering, commerce, and general business. 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. The firm has leveraged its substantial consulting prowess in a number of high-profile, media-centric cases, including the investigation into the Bernard Madoff fraud, the Lehman Brothers and General Motors bankruptcies, the Bush v. Gore case, and the Major League Baseball steroid investigations of January 2020. Headquarters: New York, NY. McKinsey & Company The cost of the consulting services is usually less than MBB, but occasionally more. In June 2021, Capgemini partnered with Sanofi, Orange & Generali to launch Future4care, a European start-up accelerator focused on digital healthcare. The Chartis Group is at the vanguard of healthcare, helping leading healthcare organizations navigate the future of care delivery. In serving its many stakeholders, CohnReznick is committed to its role as a value creator and force for change in promoting sustainability, social justice, and proactive corporate governance. The attorneys on these cases often times need expert consultants to help breakdown and understand complex economic or financial issues. The firm additionally gives its clients authentic end-to-end capabilities at scale, from experience strategy to the design, delivery, and optimization of employee/customer experiences. Its hard to find something at which this star of professional advising is less than excellent, from business strategy and data analytics to risk assessment and enterprise technology, with the firms AI Institute being a standout in the world of artificial intelligence research and development. 13. Deloitte is a storied institution that traces its roots back to its founding in 1845. Often times a boutique consulting firm is small to midsize, typically meaning less then 500 employees. Headquarters: Boston, MA. Currently, NERA employs more than 500 professionals, including 425 economists, who provide a plethora of services from creating strategies to providing expert testimony and policy recommendations for corporations, government authorities, and the worlds leading law firms. He believed that if his firm always strove to do what was best for its clients, it would in turn end up working out well for the firm. West Monroe. While L.E.K. Boston Consulting Group Headquartered in New York City, the firm now has nearly 5,000 employees across 30 countries and territories. Currently at a boutique/inhouse firm. Headquarters: New York, NY. Back Bay also ranked #24 in the Vault Consulting 50, Vault's signature list of the best consulting firms to work for and ranked in the top three pure healthcare firms included on the list. 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. As a result, McKinseys alumni pool has generated the greatest number of Fortune 500 CEOs. Below are 12 notable boutique consulting firms offering over $90,000 in total potential compensation for undergrad and master's degrees. 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. As a boutique consulting firm, Clarkston does a fantastic job of working to keep employee relations healthy and strong. It has also been the recipient of numerous awards and recognitions, including being named one of Modern Healthcares Best Places to Work 2021 and Best in KLAS in four different categories in 2022: Healthcare Management Consulting, Digital Transformation Consulting, HIT Advisory Services, and Financial Improvement Consulting. In addition to consulting, Bridgespan makes case studies freely available on its website and publications. The firm has more than 500 employees across 13 offices in North America, Europe, and Asia. 39. The following year, L.E.K. The firm specializes in risk and advisory services with an internal audit expertise that spans a variety of areas. Top firms in this area of consulting are: ZS Associates, Mckinsey & Company, Deloitte, Bain and Company, QuintilesIMS, Huron, Capgemini Consulting, etc. Grant Thornton LLP is one of Americas largest audit, tax and consulting firms. Syneos Health Darby Consulting is a boutique firm that specializes in information technology consulting. Services for these companies includes market opportunity evaluations, portfolio prioritization, analytical services, and product development strategies. Notably, it was the first consulting firm dedicated to methodically applying rigorous microeconomic thought to litigation and regulatory matters. As of 2019, EYs strong U.S. presence has made it into the seventh-largest privately owned organization in the nation. With next-level solutions in IT modernization and engineering on offer, SAIC is a critical supplier of IT expertise to the space, defense, and intelligence industries. Since then, Protiviti has expanded rapidly, reporting revenue that surpassed the $1 billion mark for the 2019 fiscal year. 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. With an entry deadline of June 30, 2022 and winners announced in the fall, the program provides a platform for organizations to communicate their ESG stories and be recognized for their accomplishments whether they are just starting their ESG journey or are well on their way. Economic & Financial Consulting offers economic analysis and expert testimony for law firms, corporations, and government agencies. CSG works with its clients collaboratively to deliver results. 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. Keystone Strategy It has more than 60 offices in Europe, North America, the Middle East, and Asia-Pacific and employs over 5,000 professionals. 26. Bench Wing is a management consulting firm focused on improving the performance of life science brands and companies. EY is known for offering assurance (financial audit), consulting, tax, and advisory services to its customers. The services provided by Ignyte include digital transformation, branding & digital marketing, analytics & information management, and training & change management. EY Parthenon, with the well-known shorthand of EY-P or EYP, is Ernst & Young's global strategy consulting division. They also usually offer fewer services, and are more specialized in what they do offer. The firms banner Technology Solution Delivery capability is how it enables people and processes via strength of technology. Oliver Wyman If you want to feel good about the consulting work you do, Bridgespan is the company for you. EY Parthenon Publicis Sapient 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. NERA Economic Consulting The "doing what is right" credo permeates its firm culture, leading Kenway to continually be included in the top ranks of best companies for work-life balance listings. I rejected T2/T3 offer. In 2021, Keystone was recognized as a top consulting firm to work for in Vault's 2021 Consulting Firm Rankings. It was named the #13 Best Consulting Firm, #4 Best Boutique Consulting Firm, and #1 for Best Firm Culture. Since 1983, when NERA was acquired, it has remained a part of the Oliver Wyman Group, a subsidiary of Marsh & McLennan Companies, Inc. Going to bat against the likes of Bain, McKinsey, and BCG, as well as other strategy consulting offshoots for Big Four firms, EYP often rises above its competitors in industry rankings by honing in on its ambitious corporate strategy and private equity undertakings. Arthur D. Little The analyst pay commensurate with that is usually less than for MBB firms. Its stated mission is to build a better world by strengthening the ability of mission-driven organizations and philanthropists to achieve breakthrough results in addressing societys most important challenges and opportunities. The firms clients include a broad range of operating companies in the life sciences, from medical device and pharmaceutical companies to investors in the life sciences fields. Founded in 1973, Bain is one of the Big Three management consultancies (along with McKinsey & Co. and Boston Consulting Group). This includes the 2018 acquisition of Kroll, which was used in the firm's renaming process that was completed in 2022. Headquartered in Waltham, Massachusetts, RTX researches, develops, and manufactures advanced technology products in the aerospace and defense industry including aircraft engines, cybersecurity, guided missiles, air defense systems, satellites, and drones. The pitch seems to be working, as Syneos Health continues to grow and currently boasts customers in more than 110 countries. The IT services brought to life by this firm include top-tier cyber, cloud, and enterprise IT service delivery. Founded in Boston, Massachusetts in 2007, ClearView Healthcare Partners is a global strategy consulting firm serving the life sciences sector. Mercer LLC is the worlds largest human resources consulting firm. This includes strategy development for biopharmaceutical, biotechnology, diagnostics, and related fields. 8. A TEAM P.A., INC. is a Land Surveying company with over 60 years of surveying experience and have a proven reputation for integrity and value and has solidified its market position with business . Sometimes the firms services will extend throughout the entirety of a case in court. It has consistently been the #1 most valued brand in the consulting industry and is associated with cutting-edge strategic approaches. Heres our list of the top 10 boutique consulting firms in the US for you to check out. But usually, they're around 20%-40% less than MBB per month. Insigniam partners with its clients to blend inherent business insights with its expert, unique methods for alternative thinking, sculpting behavior, and execution of results. Its clients include a significant number of the Fortune 100 and FTSE 100, as well as other corporations, financial institutions, and organizations. It specializes in helping clients by improving the most important asset for every organization: its people. Globally, Mercer is also the largest investment consultant and delegated services (OCIO) provider, with over $15 trillion in assets under advisement (as of June 2020) and over $300 billion in assets under management (as of September 2020). A complete listing of our offerings can be found under the Services tab. 48. Headquarters: Brussels, Belgium. Crowe LLP is a public accounting, consulting, and technology firm headquartered in Chicago and with offices around the world. "The ethos at Back Bay has always been about the nurturing of clients and teammates with equal . Feb 1, 2023. . With over 1,400 employees and 21 offices worldwide, the firm brings in roughly $500 million in annual revenue. 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. This includes IT project & portfolio management, systems design, and software/hardware deployment. Ernst & Young This means there is room for career growth and development in the firm. Best Boutique Firms: . L.E.K. 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. Top 10 Pharma and Life Science Consulting/Service Companies - 2021 : Once an industry that was slow to adopt technology, the pharma and life sciences sector is now witnessing a massive revamp as it rides the tide of digital tr . Since 1991, the firm has been working side-by-side with clients, fostering long-term relationships and delivering tangible, sustainable results. Crowe uses its deep industry expertise to provide audit services to public and private entities. PricewaterhouseCoopers The Bridgespan Group Insigniams organization transformation service holds a core value proposition of enabling clients to build a bond and collaboration amongst their people. Contact Us Our Purpose We are proud to be part of an industry that is pushing the boundaries of science and technology to improve people's lives. Blue Matter is a consulting firm serving the life sciences industry. Keystones rich expertise in strategy, economics, data analysis, product development, intellectual property, and antitrust make it stand out in the consulting industry. In just about every city you look at you can find boutique consulting firms. Crowe is recognized by many organizations as one of the best places to work in the U.S. As an independent member of Crowe Global, one of the largest global accounting networks in the world, Crowe serves clients worldwide. Recognized as the fourth-largest privately owned firm in the U.S., PwC's global revenues were a whopping $42.4 billion for the 2019 fiscal year. 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. They help provide corporations, governments, and other types of organizations with analytics, insights, and counsel on a wide variety of matters. 49. We are excited to share Epsilon Life Sciences and Epsilon Economics have been named 23rd in Top 50 Boutique Consulting Firms, 41st in Top 50 Shared by Jeong Mo Yang With nearly 300 offices and 150 delivery centers worldwide, TCS has posted impressive financial gains even during the time of COVID-19, with operating income in excess of $6 billion as of 2021. As such, its consultants use hard economic data to make their case, drawing on the firms expertise in fields like statistics and computer science. Professional services network Deloitte Touche Tohmatsu Limited (commonly referred to as simply Deloitte) continues to set the bar high for services including analytics and cloud computing. ClearView works exclusively in the life sciences industry. ClearView is a boutique firm with a workforce of more than 400 professionals across offices in Boston, San Francisco, London, and Zurich, Switzerland. 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. Headquarters: New York, NY. Willis Towers Watson Founded in New York City during the mid-1980s (by former Booz Allen Hamilton partners Alex Oliver and Bill Wyman), the firm has since become the fastest-growing management consulting firm today. Now based in New York City, much of the firm's success stems from its unique culture of hard work and zealous employees. Serving a bevy of global brands and leading law firms from its offices in Boston, San Francisco, New York City, and Seattle, Keystone Strategy provides strategy and economics consulting fueled by an entrepreneurial spirit as well as dedication to collaborating with clients and peers. The firm also offers guidance and support to organizations as they navigate the changes transforming their industries and businesses. Ignyte is a boutique firm that specializes in management and digital experience consulting. 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. Liked by Brittany Warren. Putnams clients are very diverse, from small start-ups to fortune 500 companies. Darbys clients are mostly in the energy, government, and education sectors. The goals of Darby on project include reducing project backlog for clients, accelerating project completion, and reducing cost by time management. The award is given for outstanding papers on corporate finance published in the Journal of Finance. 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. 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. The firm continues to offer sales force alignment service to this day, in addition to a range of professional services, many of which are supported by advanced analytics. The gender gap in the healthcare industry has always been a looming indicator of societal inequalities for women in the workplace. Since the firms founding just after the turn of the century, it has provided guidance for more than 450 health systems, hospitals, and academic medical centers as well as approximately 400 colleges, universities, and research institutions and over 125 life sciences organizations. Their focus is to plan and deliver new IT methods, designed specifically for each client to grow and maximize the value of their projects. Bates White boasts expertise in a wide array of sectors, including antitrust, media and communication, finance, healthcare, and many others, and its clients include several Fortune 500 companies. Top Boutique Consulting Firms Putnam Associates - Boston Massachusetts Putnam Associates is a specialist firm serving primarily in the healthcare sector. Bain & Company is a global management consulting firm headquartered in Boston, Massachusetts, and with 63 offices in 38 countries around the world. Among the firms many awards, Booz Allen is a three-time honoree of the Worlds Most Ethical Companies award from the Ethisphere Institute. The firm provides expertise in industries including cybersecurity, data analytics, and digital technologies. was awarded the Queen's Award for Enterprise for international trade and export. Based on nominations and our further proprietary research, we have selected the 50 best firms. While these boutique firms may be smaller in size, the niche markets they work in allow them to become extremely proficient at what they do. Capgeminis revolutionary Platform AI and analytics portfolio is a standout example of how the firm has been able to offer scaled data transformation at an unmatched level. Recognized in the energy, government, healthcare, helping leading healthcare organizations navigate the changes their... Is driven by more than 110 countries re around 20 % -40 % less than MBB per month % %. Industry expertise to provide audit services to clients include strategy & innovation consulting for sales and marketing, analytics information!, Europe, and related fields through leading-edge management consulting firm, and corporate and digital.. Its website and publications clients include strategy & innovation consulting for sales and marketing, analytics information. 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