The Top 50 Consulting Firms In 2022
Ranked By Revenue, Prestige, Growth & Employee Satisfaction
There are thousands of consulting firms worldwide, serving numerous industries and specializing in every conceivable niche and expertise.
But only a select handful can claim to be the best in the business. Which consulting firms make the top of the list in 2022?
In this guide, we’ll break down the world’s top consulting firms by revenue, prestige, growth, and employee satisfaction.
Here are the Top 50 Consulting Firms In 2022.
Top 50 Consulting Firms By Revenue In 2022
When it comes to measuring the top businesses in an industry, revenue is king.
Interestingly enough, we couldn’t find any other organizations tracking consulting revenue across industries and countries. There is no existing “Fortune 500” type list that tracks top consulting firms by revenue.
There have been several attempts to track the top management consulting firms, but this is only a narrow slice of the consulting industry and completely leaves out IT consulting, which is becoming the largest slice in the modern consulting pie.
So we compiled our own list.
Our goal here was to measure actual consulting revenues, not the overall revenue of any company that hosts a consulting division.
This was fairly difficult to do and impossible to do with 100% accuracy. We had to dig through annual reports, private estimates, and numerous sources to try and estimate a company’s consulting revenue while leaving out stuff like accounting services, technology infrastructure, cloud services, etc.
We’ve given it our best shot, however, because we believe a list of the top 50 consulting firms by revenue in 2022 is something worth having.
Here are our findings below.
|3||Tata Consultancy Services||$14,930,000,000|
|4||Cognizant Technology Solutions||$14,810,000,000|
|7||Cisco Systems Consulting||$12,000,000,000|
|8||Ernst & Young Advisory||$11,600,000,000|
|11||McKinsey & Company||$8,800,000,000|
|13||HP Enterprise Technology Services||$7,882,000,000|
|14||The Boston Consulting Group, Inc.||$6,300,000,000|
|15||Booz Allen Hamilton||$6,100,000,000|
|17||IBM Global Services||$4,200,000,000|
|18||Bain & Company||$3,870,000,000|
|19||SAP Services Consulting||$3,566,000,000|
|25||FTI Consulting, Inc.||$1,800,000,000|
|30||Strategy&, part of the PwC network||$1,300,000,000|
|33||Navigant Consulting, Inc.||$1,000,000,000|
|38||The Advisory Board Company||$781,800,000|
|40||Alvarez & Marsal||$600,000,000|
|41||Berkeley Research Group, LLC||$600,000,000|
|42||PA Consulting Group||$556,000,000|
|46||Simon-Kucher & Partners||$311,000,000|
|47||Arthur D. Little||$239,200,000|
|48||Analysis Group, Inc.||$200,000,000|
|49||Horváth & Partners||$162,000,000|
|50||West Monroe Partners||$160,000,000|
Top 50 Consulting Firms By Prestige In 2022
Prestige is defined as “widespread respect and admiration felt for someone or something on the basis of a perception of their achievements or quality.”
As a metric, it is relatively vague, yet it remains a prominent consideration when businesses are deliberating on which consulting firm to hire.
Business want to hire firms that have been around the block, who have worked with prominent business in their industry, and who have a reputation for excellent work, all of which factors into the concept of prestige.
So which consulting firms are the most prestigious in 2022?
To answer that question, we turned to Firsthand.co who surveyed more than 17,000 practicing consultants to determine which firms were considered the most prestigious by those in the industry.
“Survey respondents where asked to rate each consulting firm in the survey on a scale from 1 to 10 based on prestige, with 10 being the most prestigious. Consultants were unable to rate their own firm, and they were asked to rate only those firms with which they were familiar.”
Here is the resulting list of the 50 most prestigious consulting firms in 2022.
|1||McKinsey & Company|
|2||The Boston Consulting Group, Inc.|
|3||Bain & Company|
|4||Deloitte Consulting LLP|
|6||Booz Allen Hamilton|
|7||EY (Ernst & Young) LLP|
|12||IBM Global Services|
|15||Strategy&, part of the PwC network|
|18||Lockheed Martin Corp (IT Consulting)|
|19||GE Healthcare Partners|
|22||Cisco Systems, Inc. (IT Consulting)|
|23||SAP Services (IT Consulting)|
|26||Navigant Consulting, Inc.|
|28||The Bridgespan Group|
|29||Northrop Grumman Corporation|
|31||Willis Towers Watson|
|33||Charles River Associates|
|34||FTI Consulting, Inc.|
|35||Alvarez & Marsal|
|37||NERA Economic Consulting|
|38||The Advisory Board Company|
|42||Analysis Group, Inc.|
|45||The Brattle Group|
|46||Arthur D. Little|
|47||The Cambridge Group|
Top 50 Consulting Firms By Growth In 2022
While revenue is king, there is another big metric that all businesses care about.
In business, you are either growing or you are failing, and recurring growth is one of the most critical performance metrics for both privately owned and publicly owned businesses.
Accordingly, we wanted to look at the top consulting firms by growth over the last year. Which firms are growing the fastest?
For this information, we looked to data compiled by Consulting Magazine. The following firms are ranked based on growth from 2013 to 2016. Since the three-year mark is considered the initial milestone for building a successful business, only firms that had started generating revenue by 2013 were included.
Here are the top 50 consulting companies by growth in 2022.
|1||Blueprint Consulting Services, LLC||Washington||2538%|
|2||OnPrem Solution Partners||California||1412%|
|7||Summus Group||North Carolina||554%|
|8||CSI Specialty Group||Florida||543%|
|9||Press Ganey Strategic Consulting||Indiana||531%|
|10||The Spur Group||Washington||502%|
|11||COPE Health Solutions||California||471%|
|13||DeciBio Consulting, LLC||California||420%|
|15||BlueLine Associates||North Carolina||377%|
|18||Triangle Insights Group, LLC||North Carolina||352%|
|19||Pivot Point Consulting||Tennessee||328%|
|22||HRpepper Management Consultants||Berlin||236%|
|24||The HCI Group||Florida||225%|
|30||Focal Point Data Risk, LLC||Florida||174%|
|35||AG Consulting Partners, Inc.||Washington||157%|
|36||Efficio Consulting||New York||151%|
|38||Lorven Technologies, Inc||New Jersey||142%|
|39||Acquis Consulting Group||New York||137%|
|41||Lyons Consulting Group||Illinois||132%|
|44||TITAN TECHNOLOGIES, INC.||Pennsylvania||117%|
|46||M2 Strategy, Inc.||Virginia||113%|
|47||TCG Consulting||North Carolina||113%|
|48||Strativity Group, Inc.||New Jersey||104%|
|49||Cumberland Consulting Group||Tennessee||100%|
Top 50 Consulting Firms By Employee Satisfaction
While our focus here is helping consultants launch their own consulting businesses, we take great interest in tracking employee satisfaction across the consulting industry.
Entrepreneurship isn’t for everyone, and being able to recommend great firms to those wishing to pursue in-house positions is something we value. It’s also why we monitor consulting salaries.
There are a number of great organizations gathering this type of data and regularly interviewing consultants in the industry, but our go-to source remains Firsthand.co. Their annual survey of 17,000+ working consultants provides unparalleled qualitative data on a wide range of firm attributes.
Here are the 50 best consulting firms to work for in 2022.
|Rank||Firm Name||2022 Score|
|1||McKinsey & Company||9.296|
|2||The Boston Consulting Group, Inc.||9.218|
|3||Bain & Company||9.192|
|4||Deloitte Consulting LLP||8.258|
|6||The Bridgespan Group||7.689|
|8||The Parthenon Group||7.589|
|10||The Brattle Group||7.487|
|11||PricewaterhouseCoopers Advisory Services LLC||7.455|
|13||Insight Sourcing Group||7.379|
|15||Clearview Healthcare Partners||7.316|
|16||KPMG LLP (Consulting Practice)||7.275|
|17||Roland Berger Strategy Consultants||7.189|
|18||Strategy&, part of the PwC network||7.143|
|19||Alvarez & Marsal||7.106|
|21||Health Advances, LLC||6.993|
|22||Simon-Kucher & Partners||6.991|
|24||The Cambridge Group||6.924|
|25||Eagle Hill Consulting LLC||6.894|
|28||The Chartis Group||6.832|
|32||Charles River Associates||6.774|
|33||Bates White Economic Consulting||6.77|
|36||Trinity Partners, LLC||6.728|
|37||NERA Economic Consulting||6.697|
|40||Huron Consulting Group||6.674|
|43||Arthur D. Little||6.598|
|45||Keystone Strategy, LLC||6.577|
|46||FTI Consulting, Inc.||6.528|
|49||Crowe Horwath LLP (Consulting Practice)||6.506|
Now, of course, there are a lot of factors that go into employee satisfaction, and what makes one person satisfied at their current job might not do anything to satisfy another employee with a different set of goals or values.