Big Three (management consultancies)

The Big Three or MBB refers to the name colloquially given to the world's three largest strategy consulting firms by revenue. They are also considered to be the most prestigious employers in the industry.[1]

The firms

The three consulting firms widely regarded as constituting the Big Three are McKinsey & Company, Boston Consulting Group and Bain & Company.

McKinsey & Company

McKinsey & Co logo

This firm was originally founded under the name "McKinsey & Company" in Chicago by James McKinsey in 1926. The firm has grown significantly since then, establishing 104 offices located in 60 different countries as of 2014.[2] McKinsey & Company has been voted number one in the "The Best Consulting Firms: Prestige" list of the Vault.com career intelligence website consecutively for 14 years since the year 2002.[3][4] The firm currently serves two-thirds of the Fortune 1000. Their areas of expertise include management, organisation, operations and IT.[5]

The Boston Consulting Group

BCG logo

BCG was founded in 1963 by Bruce D. Henderson, a former Bible salesman and a Vanderbilt University and Harvard Business School alumnus. Starting out with only two consultants, the firm quickly grew. It currently employs 9,200 people over 87 offices in 45 different countries.[6] BCG also has been consistently featured in Consulting Magazine’s "Best Firms to Work For" lists since the year 2001.[7] BCG is said to be a pioneer in Asian consulting, with more than 50% of their business coming from South East Asia. They set up their first SEA office in Kuala Lumpur in 1992 and have since then established four other offices in Bangkok, Singapore, Jakarta and Ho Chi Minh City.[8] Their areas of expertise include corporate development, growth and innovation.[9]

Bain & Company

Bain & Co logo

Bain is the smallest and youngest consulting firm out of the Big Three firms. The firm was founded by a group of ten employees from The Boston Consulting Group in 1973, led by Bill Bain. It currently has 53 offices in 34 different countries.[10] The firm pioneered Private Equity consulting and the fund Bain Capital was founded by partners from Bain & Company and led by Mitt Romney. Their areas of expertise include private equity, mergers and acquisitions and retail.[11] Bain has been ranked #1 "Best Place to Work" by Glassdoor and leads the Vault Consulting 50 ranking, as well as Vault's "Best Consulting Firms to Work For" ranking.[12]

These three firms have stood out from other competitors, and have consolidated as the top-tier of management consulting business. Their latest publicly available data is summarised in the table below:[13]

Firm Employees FY14 Revenue FY14 Revenue/employee Revenue FY13 Change Locations Headquarters
McKinsey & Company 17,000 $8.30 B $488,235 $8.00 B 3.8% 100+ New York, NY
Boston Consulting Group 10,500 $4.55 B $433,333 $3.95 B 15.2% 80+Boston, MA
Bain & Company 5,700 $2.10 B $380,702 $2.09 B 3.6% 50+ Boston, MA

See also

References

  1. ↑ Szczerba, Marta (5 March 2014). "The Big Three: meet the world's top consulting firms" (72). The Gateway. Retrieved 18 October 2014.
  2. ↑ "McKinsey & Co History". Retrieved 18 October 2014.
  3. ↑ "The Best Consulting Firms: Prestige". www.vault.com. Retrieved 18 October 2014.
  4. ↑ Greiner, Larry; Olson, Thomas (25 June 2004). Contemporary consultant casebook: educating today's consultants. Thomson/South-Western. p. 68. ISBN 978-0-324-29019-6.
  5. ↑ "McKinsey Client Expertise". www.mckinsey.com. Retrieved 18 October 2014.
  6. ↑ "BCG History". www.bcg.com. Retrieved 18 October 2014.
  7. ↑ "Best Firms to Work For Ranking". www.consultingmag.com. Retrieved 18 October 2014.
  8. ↑ Heng, Russell H.K.; Sen, Rahul (2005). Regional Outlook: Southeast Asia. Singapore: Institute of Southeast Asian Studies Singapore. pp. 61–63. ISBN 981-230-245-X.
  9. ↑ "BCG Expertise". www.bcg.com. Retrieved 18 October 2014.
  10. ↑ http://www.bain.com/about/worldwide-offices/index.aspx
  11. ↑ "Bain Worldwide Offices". www.bain/com. Retrieved 14 October 2014.
  12. ↑ "Awards & Recognitions - Bain".
  13. ↑ Chin, Eric. "The MBB Trio In Management Consulting". www.beatoncapital.com. Retrieved 18 October 2014.
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