Consulting Firms in Washington DC (2022)

We just love bringing you good reads, and today our spotlight turns to top consulting firms in Washington DC, one of our favorite cities in the U.S. Although historically not known for consulting services (unless you were consulting – ahem, lobbying – government officials), strategy, operations, and even tech consulting have exploded inside and outside the Beltway in the last 10 years.

The U.S. capitalis becoming ahub for major Fortune 500 companies – making the cityan obvious attraction not just because of its historic relevance but also because of the people and the growth it has experienced in the last decade or so.

Plus, DC is a very walkable city – Washington’s transit options include Metrorail and Metrobus – and it is much more green than New York or even Boston. If you are a sports fan, Washington D.C. is home to the Washington Nationals, the D.C. United Soccer Team, the Washington Capitals, the Washington Wizards, the Washington Mystics and the Washington Commanders. For fun, there are several beaches and ski resorts located within two hours of D.C. – plus, for the big kid in all of us, DC is close to King’s Dominion Theme Park and Six Flags Great America.

Without further ado, keep reading for our top 10 list of consulting firms in Washington DC. Read to the end for an Honorable Mention list of boutique firms!

Download our complete 2022 Consulting Salary Report

Consulting Firms Washington DC:

  1. McKinsey

It probably comes as no surprise that McKinsey ranks #1 in our list of top consulting firms in Washington DC. Located at 1200 Nineteenth Street NW, McKinsey is tops in terms of employee strength in the region. McKinsey has legacy – the first mover in the DC area – and power in its camp. The McKinsey office is positioned around the exciting and colorful DuPont Circle District. Close to the Capitol, its office serves dynamic clients in a mix of industries including healthcare, aerospace, defense, and consumer products. This office is also home of McKinsey’s global Public Sector Practice, Social Sector Practice, and Recovery & Transformation Services.

The McKinsey Washington, DC office attracts people from all walks of life: business, law, medicine, industry, academia, and public service. If you are looking for a place to intellectually stimulate you, or you enjoy having very good analytically-driven conversations with loads of energy, this is the office you need to go to – stat!

McKinsey has550 employees across itsMid-Atlantic offices in Washington, DC, New Jersey, and Philadelphia. This diverse group of employees spans at least 50 nationalities. The partners in theDC office – in contrast to more suitcase offices like New York – are very engaging and take the time to assist, advise, and direct employees in a personalizedcareer path.

The Washington, DC office’s recruitment team hires highly intelligent people who start as great communicatorsbutare trainable. The DC consultancy office management pushes training programs and the culture is all about grooming employees into McKinsey-bred consultants; they do everything they can to stay on top.

However, the news on the ground floor in DC is that if you are looking to escape the Northeast to get a better work-life balance, you need to stop looking – it reallydoesn’t exist at McKinsey!

  1. BCG

BCG opened itsDC office two decades ago, in 1996. At4800 Hampden Lane in Bethesda, BCG‘s Washington, DC office is located in a prime spot where the Kennedy Center, the National Gallery, and the Smithsonian are all just minutes away (yet you’re not in the core of DC). In the DC office, consultants work on diverse projects for clients – industrial goods, consumer goods, retail, technology and communications, healthcare, and financial services companies. The work – vs. McKinsey – is notably skewed more private sector. BCG’s strength in the industry firm puts it in the top consulting firms in Washington DC.

The range of services this office provides includes general strategy, post-merger integration, organizational change, and corporate development. BCGersare active in their local community and participate in the National Race for the Cure cancer fundraiser and a variety of community projects through the office’s affiliation with Greater DC Cares.

(Video) Meet Matt, a Consultant in DC

In addition, Boston Consulting Group (especially in Washington, DC) is active on TED. Many of their leaders share the stage on TED and engage in transformative thinking. The consultants in the DC office have amazing opportunities to work with clients in numerous locations throughout the country, as well as in Europe, Asia, Australia, and South America.

Bain is located at 1717 K Street, in close proximity to ~30 Fortune 500 companies. Although Bain has been serving clients in the DC area for 40 years now, the office is new. Bain came late to the Capital City party. The office is 23,000 square feet – that’s one palatial place for all those great consultants to hang out. With an office like that, of course it’s going to rank high in our list of top consulting firms in Washington DC.

Bainserves a variety of industries in the mid-Atlantic region – including aerospace and defense, financial services, retail, healthcare, and technology; clients cover the private and public sectors but definitely skew private sector. Bain’s Washington, DC team is full of smart, down-to-earth consultants thatare taking the region by storm – the office is one of the fastest-growing in the Bain network, driven by major gains inaerospace, health care, and defense, which are allimportant sectors in theregion. The population in DC has grown rapidly in the past decade, and thisgrowth has brought in aninflux of companies to take advantage of the area’s central strategic location.

Bain is committed to and passionate about serving in the local community. Every year, Bain organizes an auction that benefits United Way. Each spring, Bain also has an “Impact Day” like Deloitte’s– branded“Community Impact Day,” everyone leaves the office to spend the day supporting local nonprofits, which most recently included the Anacostia Watershed Society, KIPP DC, the Rock Creek Conservancy, and the Father McKenna Center. For those interested in outdoor activities, Bain consultants frequently arrange group activities outside of work, such as cooking classes, whitewater rafting, and trips to Wizards and Nationals games.

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  1. Booz Allen Hamilton

One of the world’s oldest consulting firms, BAH is located at 901 15th Street NW. That’s not all, though – BAH has 10 offices in Northern Virginia as well. (Make sure you specify where you should show up when you’re reporting for duty on the first day of work!). In fact, it’s a Top 10 employer in the Washington, DC region, included in a list of peers such as Northrop Grumman and Lockheed Martin. With a presence like that, and the pedigree of the company, it comes in at #4 on our top consulting firms in Washington DC list.

Booz Allen Hamilton serves every federal executive department and most independent agencies, as well as some of the world’s leading non-governmental organizations and nonprofits. What’s so cool (and different, and so DC) about Booz’s work in Washington, DC is that they partner with clients working on the front lines of national policy issues and programs that affect the nation’s highest priorities.Plus, Booz Allen Hamilton employees are able toconsult for federal agencies by offering rich insights that no other consulting strategic firm can give,like being able to take what the Navy has done and apply to similar ideas and programsin the Army.

The BAH office culture is a happy one marked by flexibility and managers who are very supportive and collaborate with the team. Working from home is an option – a constant delight when faced with daily DC traffic.The leadership set you up for success. BAH is also known for having great people to work with – in general, they are hard-working, responsive, generous with their time, and supportive of teamwork.

Increasing size has led to more focus on numbers, process, and increasing administration – however, with growth,benefits have actually diminishedin recent years. Booz Allen Hamilton is very large and at times the matrix can be difficult to manage – plus, the pay can be all over the place. Training opportunities are plentiful,but you willneed to show personal interest in order to take advantage of them. If you have a passion for government, good – your focus at BAH will be onfederal work withfew opportunities for commercial work.

  1. Accenture Consulting

Found at 800 North Glebe Road in Arlington, the Accenture Washington, DCoffice has close to 4000 employees. When Accenture recruiters were hiring across various locations a couple of years ago, they were asked a few common questions which they found extremely interesting – so theybrought themto top management. Overall, prospective employeeswanted to know most about environmental stewardship and flexible work arrangements. Therefore, the 90,000-square-foot office on North Glebe Road in Arlington is built around thesekey core values: flexibility, mobility, and connectivity.

(Video) Salaries in Top Consulting Firms - McKinsey, BCG, Bain

The space makes use of a set-up known as “hoteling,” in which staffers aren’t assigned a designated work space. They reserve one only on days when they plan to come to the office. Cool, or not? In one way, you’re permanently homeless. In another, you’re truly a member of a global firm.At Accenture in Washington, DC, thereare no high-wall cubicles, but open spaces to increase and encourage collaboration of teams and provides a more relaxed, friendly and airy atmosphere. You canwork virtually from anywhere in the building because of its state of the art technology.The hoteling system in the building is also a great help for new mothers in the firm as they can schedule aroom for privacy when pumping or even breastfeeding.

The Accenture Washington, DC office serves clients in the area of technology, consulting, and strategy. The office is stunning – arguably one of the best in the Accenture network. The people who work here are extremely intelligent and they challenge you to expand on your current role. The motto on the floor across the office is work hard, play harder! With a culture like that, Accenture notches the #5 spot on our list of top consulting firms in Washington DC.

  1. Deloitte Consulting

Located at 1001 G St NW, the Deloitte office in DC is home to not just the firm’s consulting arm, butmultiplefunctional areas such as tax, strategy, financial services, and audit.

In 2014, Deloitte Consulting launched a new health care division called ConvergeHEALTH, headquartered in Newton, Mass, which works closely with theDeloitte Health Informatics unit located in the DC office. This area of Deloitte has been growing rapidly, generating demand for 200 new jobs every year. in fact, Deloitte has invested a total of $150M inits health care business, including ConvergeHealth.

Deloitte also has a Federal practice in the DC Area – the office is located at 1919 N. Lynn Street in Arlington. The Federal practice is a huge differentiator – a true consulting firm (that even uses case interviews that are strategic in nature). The Deloitte Federal practice is arguably the most distinguished government consulting firm in the world. This arm of the practice is focused on transformational projects for government agencies. These include a focus on efficiency through digitization and enhanced customer service. We believe the Federal practice will be busy for many years to come. Deloitte lands at a solid #6 on our list of top consulting firms in Washington DC for this reason.

Like many other firms, Deloitteoffers two sabbatical programs: a one-month unpaid leave that you can take at any time for any reason, and a three to six-month paid sabbatical to pursue personal growth.

  1. KPMG Consulting

KPMG is located at 1801 K Street. KPMG operates from the Tysons corner area to better serve their clients in Northern Virginia. This office is less than eight blocks from the White House, and consists of approximately 145 partners and nearly 1,600 professional and administrative staff members. Most clients are a great mix of Fortune 500 companies, independent colleges and state university systems, elite high-tech firms, and international financial institutions. KPMG is squarely in their strength here, which puts them at #7 on our list of top consulting firms in Washington DC.

KPMG’s DC office performs audit, tax, and advisory services for federal, state and local government agencies. KPMG’s Advisory unit offers services in management consulting, risk consulting, deal advisory and strategy. But the government audit practice is the largest practice in the area.Founded in 1959, the Washington National Tax Practice (WNTP), a fundamental element of KPMG’s tax resources, is based out of the DC office. In fact, the WNTP is one of the largest, most experienced, and technically diverse tax knowledge centers in the world. There are 170 professionals in this practice thatcater tolocal, state, national and international taxation, and some of these 170 professionals are the nation’s leading tax authorities. The DC office offers professionals a rotation option, wherein they can opt for more than 6 months outside their respective practice areas or transferto an international office. Some of the most popular rotations at the Washington DC office include: Tax rotations for Audit professionals (or vice versa) and assignments abroad to KPMG offices in the United Kingdom, Australia, France, Russia, and Germany.

  1. Advisory Board Company

Headquartered and founded in Washington, DC, The Advisory Board Company is a research, technology, and consulting firm to organizations primarily in the healthcare and education sectors. The Washington, DC office houses Clinovations; a team of clinicians and consultants who share the goal of using technology to transform the way health care is delivered. Pretty rad! Advisory Board employees enjoy free soda in their Common Room, happy hours in public spaces, and proximity to Starbucks. Um, yeah, ok, they get #8 on our list of top consulting firms in Washington DC, just for those perks! (Ok, not just that.) Centrally located and in the heart of downtown, just a few minutes away from Metro Center, the White House, and the National Mall, employees can easily access favorite lunch spots located in the nearby area.

Some of the most soughtafter positions in the Washington, DC office include strategy, Clinovations, advisory, healthcare, and revenue roles. As far as impact goes:An internal team at Advisory board recognized that the overall four-year graduation rate in District of Columbia Public Schools is 58.3%—one of the lowest in the nation. Of those students who do graduate, a significant percentage either don’t attend college at all or drop out before graduation. Therefore a team at ADC put together a tool called MyCollege Factfinder (MCFF), an online application that shows how District students have fared at colleges and universities across the country, and provides data on SAT/ACT ranges for enrolled students, graduation rates, and transfer behavior. Pretty cool.

  1. Oliver Wyman

If you find yourself working OW‘s DC office, you will besurrounded by driven and intelligent people. The firm has some of the best workplace flexibility programs of any of the top-tier firms (including non-profit fellowships and paid leaves of absence).

The culture of the firm differs greatly by office – with that said, the Boston and NY offices are very entrepreneurial and seem to keep the “fun” atmosphere that the firm sells through the recruiting team, while the DC office is a little more relaxed and family-oriented.

Oliver Wyman is not as hierarchal as other top firms – with no formal 2-year analyst program and no requirement for an MBA to reach Associate, the DC office, in particular, is known as a flat, come-as-you-are, do-as-you-will, office. If you want to move up the ranks quickly without a required time frame or demand for a new degree, then Oliver Wyman DC is a great fit for you.

(Video) Management Consulting in Washington DC and Beyond (KWAC - Virtual Career Day)

Oliver Wyman has a great brand name in the financial services domain. Yet, many times you have to refer to Mercer Management Consulting (the big brother of Oliver Wyman under the Marsh & McLennon family of companies) to get recognition in the management consulting arena. This could be an uphill battle, especially inside the Beltway.

Don’t write Oliver Wyman off, however – there are many career opportunities once you leave. This includes a newly launched alumni networking website that shows job postings from well-placed alums. Be prepared for lots of travel and very little flexibility or work life balance. 60-70 hours a week is the status quo for most project managers. For the lack of work-life balance, OW slips down to #9 on our list of top consulting firms in Washington DC.

  1. Brattle Group

Located at1850 M Street NW, the Brattle Group Washington office was opened in 1996 to focus on regulation, antitrust, and public policy projects. The office continues to grow and is one of the busiest and most important officesinside the firm.

There is a total of 250 Brattle staff and principals who work from 8 offices in the United States, Canada, Spain, Italy, and the United Kingdom. They serve a number of industries, including electric power, financial institutions, natural gas and petroleum, telecommunications and media, and healthcare. The work they perform for clients is high profile, extremely niche, and includes sensitive government work. Hence, a key strategic focus on Washington, DC. This focus allows them to nab the last spot at #10 on our list of top consulting firms in Washington DC.

The type of work you will get to do at the Brattle Group in DC involves offering sophisticated capabilities in economic modeling, econometrics, and financial analysis. Brattle Groupteams appear before courts, governments, and arbitration panels around the world. The DC office offers a great company culture, and management is very supportive of personal goals – consistentlyfinding ways to help consultants identify and reach them.

The projects are extremely interesting, and even though the firm is small, itis highly respected. Brattle consultants have shared their insights in countless academic papers, books, articles, and reports, which have appeared in magazines, newspapers, and journals all over the world. It is a great place to start a career – most consultants who work here are offered jobs from big consulting firms.Some comparable firms includeAnalysis Group, Inc.,Charles River Associates, and NERA Economic Consulting.

Honorable Mention: Boutique Firms in Washington, DC

  1. Avascent

Headquartered in Washington, DC, Avascentis astrategy and management consulting firm serving clients operating in government-driven markets – either private contractors or government organizations.

  1. Edgeworth Economics

Headquartered in Washington, DC, Edgeworth Economics is aboutique economic, financial and quantitative consulting firm, serving clients in a wide range of industries and sectors, including government.

  1. Censeo Consulting Group

Headquartered in Washington, Censeoworks with public, private, and non-profit organizations to improve operations. The firmspecializes in technology, higher education, sourcing and procurement, and workforce development.

  1. Point B

Headquartered in Seattle, Point Bspecializes in a number of management consulting services, with venture investment and advisory being the primary foci.

  1. Health Advances

The firmhas an office in Washington, DC, and has only one practice area: health care.

Conclusion

There’s no doubt that Washington DC is the center of the action. Consulting firms in Washington DC are influencing some of the top businesses and people. Are you interviewing at a DC firm and need help fine-tuning your resume or prepping for your case interview? Check out our resume editing services and our premium case interview prep program!

(Video) A Week In The Life Of A Consultant - Travel Edition

Additional Reading:

  • Top 10 Consulting Firms in Boston
  • 5 Surprising Secrets of a Killer McKinsey Resume
  • Bain Case Interview: 3 Tips For Success
  • Consulting Firms – Top US Locations
  • No Case Interview Experience? Start Here

FAQs

What percentage of people get interviews at McKinsey? ›

Indeed you normally have an initial screening before the Imbellus. In some cases it may be sent to everyone but it's usually when there is an agreement with a business school. The rumored number of applicants getting offers from McKinsey is 1% out of the total applicants.

What is the #1 consulting firm? ›

McKinsey & Company

The company is consistently ranked as the #1 most valued brand in the consulting industry, making it the most prestigious company on the list. Since its founding in 1926, the company has grown to over 30,000 employees across more than 120 offices around the world.

Is it hard to get a job at a consulting firm? ›

However, consulting also happens to be one of the most competitive careers in the world. For example, McKinsey (one of the Big 3 consulting firms) only accepts around 1% of the candidates who apply, which is a lower acceptance rate than Harvard's prestigious MBA programme.

Is it hard to land a job at McKinsey? ›

How Selective are Bain, BCG and McKinsey Through the Application Process. McKinsey reportedly receives more than a million applications per year and hires less than 1% of them. The Top 3 consulting firms are among the ten most selective employers in the world and it is notoriously difficult to receive a job offer.

How many people pass McKinsey first round? ›

Once you get to the 1st round it is on your to deliver during the interview. 20% - 30% success rate at 1st rounds is usual. Some factors that affect it are the role you are applying for, whether it is part of college recruiting or experienced hire, your past specializations etc.

What is starting salary at McKinsey? ›

At McKinsey, the salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000.

Which consultancy is best in USA? ›

Leading consulting firms in the United States in 2021, by prestige rating
Consulting firmAverage prestige score
McKinsey & Company8.98
Boston Consulting Group Inc.8.77
Bain & Company8.63
Deloitte Consulting LLP7.28
9 more rows
6 Jul 2022

What is the highest paid consultant? ›

Top 15 highest-paying consulting jobs
  • Software consultant.
  • Business consultant.
  • Consultant.
  • Security consultant.
  • Management consultant.
  • Financial consultant.
  • Systems consultant.
  • Senior consultant.

Who are the big 4 in consulting? ›

They are Deloitte, Ernst & Young (EY), PricewaterhouseCoopers (PwC), and Klynveld Peat Marwick Goerdeler (KPMG). Aside from auditing services, the Big Four offer tax, strategy and management consulting, valuation, market research, assurance, and legal advisory services.

What is the easiest consulting firm to get into? ›

  • Cornerstone Research 99.4%
  • Bain & Company 98.8%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.1%
2 Jan 2020

Is consulting a stressful job? ›

Their routine is stressful, and even when they have reached home, their mind is still occupied by work. Consultants spend so much time at office that often their coworkers are their only friends.

Why are consultants paid so much? ›

Why are consultants so expensive? Consultants are more expensive than full time employees (comparing hourly bill rates to straight salaries) due to the costs which consultants must cover for their services and the profit margin that is established for their value/expertise.

Which company is hardest to get into? ›

Here's Glassdoor's list of the 25 Companies That Give the Toughest Job Interviews:
  • Sapient.
  • Citrix.
  • Nvidia.
  • Informatica.
  • Facebook.
  • Guidewire.
  • Caterpillar.
  • Rackspace.
9 Aug 2013

What majors does McKinsey hire? ›

McKinsey is a top destination for people with master's degrees in business administration. Typically, nearly half of our incoming consultants have MBAs, and we're fully committed to finding top talent from business-school programs around the world.

What is McKinsey acceptance rate? ›

And the McKinsey recruitment process is one of the most selective as well: only 1% of the 200,000 applicants receive an offer.

Does everyone get invited to solve McKinsey? ›

No, indeed no. There are some candidates who skip it, those who come from specific recruting events. In any case, Imbellus is the 1st cut.

Does McKinsey send rejection emails? ›

This is a pretty standard rejection email and I would not expect that they will call spontaneously in the future. However you will be able to apply again after the ban period.

How difficult is McKinsey interview? ›

Today Glassdoor released its annual list of the 25 most difficult companies to interview with, based on 80,000 interview ratings and reviews shared throughout the past year. Consulting firm McKinsey & Company tops the list, with a 3.9 difficulty rating (based on a 5.0 scale).

How many hours a week do McKinsey consultants work? ›

Those projects are really interesting to work on because you go really deep in 2 weeks on whatever you're doing but it's not a pace that you want to sustain for too long. Generally speaking though, it was usually a 60-70 hour working week.

Will McKinsey pay for MBA? ›

One more perk: McKinsey pays 50% of MBA tuition for returning interns according to Management Consulted. That's not to say you won't find inventive recruiting strategies outside the MBB. Deloitte's Strategy & Operations practice reimburses second year MBA tuition for returning interns – as does ZS Associates. L.E.K.

How much is McKinsey bonus? ›

McKinsey Consultant Salary & Bonuses

MBA graduates at McKinsey can earn performance bonuses up to $45,000, and a signing bonus of $30,000. For master's graduates, performance bonuses cap at $30,000, with a signing bonus of $5,000.

Who are the Big 3 consulting firms? ›

Bain, BCG, McKinsey: How To Get Hired By The Big Three Consulting Firms. It's hard to look past Bain, BCG, and McKinsey when it comes to consulting. Year after year, swathes of ambitious MBA graduates enter the ranks of the Big Three consulting firms, keen for career success and lucrative consultant salaries.

Which consultancy is best for job? ›

Here are the top 10 job placement consultants in India through whom candidates can find the right employment opportunity:
  • ABC Job placement consultants. ...
  • Manpower Job Placement Consultants. ...
  • Kelly Services India. ...
  • Ma Foi Randstad Placement Consultants. ...
  • Team Lease.

What is the biggest consulting firm in the US? ›

Below are the rest of our Consulting Rankings, along with the firm that ranks No. 1 in each ranking.
...
The Top 10 Consulting Firms in North America are:
  • Bain & Company.
  • McKinsey & Company.
  • Boston Consulting Group.
  • The Bridgespan Group.
  • EY-Parthenon.
  • Booz Allen Hamilton.
  • Oliver Wyman.
  • Kearney.
14 Feb 2022

How much do Big 4 consultants make? ›

Tier 2 & Big 4 Consultant Salaries
FirmBase salaryTotal Cash
Accenture Undergraduate & Masters Consultant Salary$79,500
Deloitte Undergrad & Masters Consultant Salary$80-105,000up to $125,000
PwC Undergrad & Masters Consultant Salary$75,000up to $90,000
Strategy& Undergrad & Masters Consultant Salary$85,000up to $102,000
4 more rows

Can you make millions in consulting? ›

Of course! Many successful entrepreneurs have been able to work as a consultant and grow their business to a million-dollar enterprise. It takes hard work, determination and some help along the way, but it's certainly possible.

Are consultants in demand? ›

The consulting business is booming, as more and more companies look for expert advice in diverse areas like management, technology, marketing, and more. As a consultant, you can leverage your skills and experience in a wide range of fields to provide guidance to businesses that need it.

What Big 4 firm pays the most? ›

Advisory giant Accenture consistently pays consultants the highest starting salary compared to the big four consulting firms, with PwC and Deloitte vying for second place at different experience levels.

Is EY better than Deloitte? ›

Deloitte has a rating of 4.7 stars with 88 reviews. EY has a rating of 4.7 stars with 54 reviews. See side-by-side comparisons of product capabilities, customer experience, pros and cons, and reviewer demographics to find the best fit for your organization.

How hard is it to get a job at Deloitte? ›

How Hard Is It to Land a Job at Deloitte? As one of the big four, Deloitte receives an overwhelming number of applications. With over 500,0000 applicants applying for Deloitte job positions. The high number of applicants can make it very difficult to land a job at Deloitte.

How do I get a consulting job with no experience? ›

HOW TO BREAK INTO CONSULTING
  1. Acquire the necessary skills and knowledge. ...
  2. Prepare a good cover letter and a strong resume. ...
  3. Acquaint yourself with the professional consulting job-hunting process and interviews. ...
  4. Find a good mentor in the consulting industry. ...
  5. Become a member of a consulting club.
12 Nov 2020

Does Deloitte look good on resume? ›

Great brand

Deloitte really is a strong brand on your CV and recognized world wide.

Do smaller consulting firms pay more? ›

Boutique consulting firms have a smaller number of branches, hire a limited number of employees, and usually offer services in one to three niches only. Even though they're smaller compared to MBB and Big 4, they still offer nearly the same amount of salary to employees.

Why do people quit consulting? ›

Management consultants often quit their job after 2-4 years. Some are attracted by offers with higher pay, more autonomy, or better work-life balance; others quit to get new experience and refresh their learning curve, or to pursue other long-term plans.

Are consultants happy? ›

Consultants are about average in terms of happiness. At CareerExplorer, we conduct an ongoing survey with millions of people and ask them how satisfied they are with their careers. As it turns out, consultants rate their career happiness 3.2 out of 5 stars which puts them in the top 50% of careers.

How many hours a week do consultants work? ›

Typically, both single and married consultants average 56.6 hour work weeks, but about a quarter of single consultants routinely put in between 60 and 70 hours per week. About six percent of the responding consultants say they average between 70 and 80 hours a week.

Do consultants make good money? ›

The most recent data for 2022 shows that consultants make an average of $6,954 a month. That equates to $83,448 a year. This same research indicates that monthly salaries for consultants can be as high as $16,417 (about $197,000 a year).

Can you be a consultant without a degree? ›

Because consultants work on a contract basis, there are no set qualifications to be a consultant. It comes down to what the organization needs and how well you can sell your offer. However, businesses expect consultants to give expert-level advice, and consulting jobs are competitive.

Is it good to work in consulting? ›

Pursuing a career in consulting can be tough. However, for MBA graduates with the right skillset, consulting provides a good and lucrative career path and a variety of globally renowned firms to work for.

Which industry has toughest interviews? ›

According to Glassdoor, jobs at hospitals top the list for difficult interviews, with interviews ranking 9.7 percent more harder than average, compared to other industries.

What job has the hardest interview process? ›

Consulting firm interviews are toughest

Glassdoor's analysis showed consulting firm McKinsey & Company came out on top as the toughest interview process with 39 days in the interview process.

Which company has the hardest technical interview? ›

10 IT companies with most difficult interview
  • 2/11. ThoughtWorks. ThoughtWorks is a global IT consultancy company that provides custom software, software tools, consulting, and transformation services. ...
  • 3/11. Google. ...
  • 4/11. Unisys. ...
  • 5/11. Rackspace Hosting. ...
  • 6/11. Cypress. ...
  • 7/11. Sapient. ...
  • 8/11. Bazaar Voice. ...
  • 9/11. Juniper Networks.
12 Dec 2012

Does McKinsey only hire Ivy? ›

No, MBBs actually do a lot of hiring outside of top-tier schools. In the past, it was very rare for MBBs to recruit outside of their target schools, but this has changed a lot and continues to change each year.

Which colleges do McKinsey recruit from? ›

Not surprisingly, the target schools at McKinsey include the big brand powerhouses that dominate the top of most MBA rankings. It will surprise no one to know that every M7 school is on the list: Harvard, Stanford, Wharton, MIT Sloan, Booth, Kellogg and Columbia.

Can you work at McKinsey without an MBA? ›

Some stay for two or three years before attending graduate school or gaining further work experience. Others are invited to stay at McKinsey and move directly into an associate role. People with MBAs or other advanced professional degrees (JD, MD, PhD, or nonbusiness master's degree) typically join as associates.

How many people pass McKinsey first round? ›

Once you get to the 1st round it is on your to deliver during the interview. 20% - 30% success rate at 1st rounds is usual. Some factors that affect it are the role you are applying for, whether it is part of college recruiting or experienced hire, your past specializations etc.

What is starting salary at McKinsey? ›

At McKinsey, the salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000.

What does McKinsey look for in candidates? ›

Overall, we look for personal impact, entrepreneurial drive, inclusive leadership, and problem solving, and we recognize there are many ways to acquire those skills.

Does everyone get invited to solve McKinsey? ›

No, indeed no. There are some candidates who skip it, those who come from specific recruting events. In any case, Imbellus is the 1st cut.

How difficult is McKinsey interview? ›

Today Glassdoor released its annual list of the 25 most difficult companies to interview with, based on 80,000 interview ratings and reviews shared throughout the past year. Consulting firm McKinsey & Company tops the list, with a 3.9 difficulty rating (based on a 5.0 scale).

How many interview rounds at McKinsey? ›

Most McKinsey, BCG and Bain offices use two rounds of interviews before making a final hiring decision. If you've been invited to interview then you can count yourself as being in the top 10% of applicants. However, the work has just begun!

How many consultants does McKinsey hire each year? ›

Between March and December 2020, the company welcomed more than 1,500 full-time consultant hires and 1,000 interns. By the end of 2020, McKinsey had hosted 1,000 virtual recruiting events and 20,000 virtual interviews. That sets a strong precedent going into 2021.

How selective is McKinsey? ›

And the McKinsey recruitment process is one of the most selective as well: only 1% of the 200,000 applicants receive an offer.

What does McKinsey look for in candidates? ›

Overall, we look for personal impact, entrepreneurial drive, inclusive leadership, and problem solving, and we recognize there are many ways to acquire those skills.

How many times can you apply to McKinsey? ›

How Long Is the MBB Reapplication Ban Period? In most cases, the reapplication ban lasts 12 to 24 months. Here are the specific reapplication ban periods for the three MBB firms: McKinsey: it has been officially stated on their website that they do not accept reapplication within up to 2 years of the initial screening.

How long does it take to prepare for McKinsey interview? ›

Having placed over 100 candidates at McKinsey, BCG and Bain while they had a full-time job, we know a thing or two about what successful candidates have in common and what preparation it took to succeed in these interviews. The short answer to the question of 'how long will the preparation take me? ' is 50-75 hours.

Does McKinsey send rejection emails? ›

This is a pretty standard rejection email and I would not expect that they will call spontaneously in the future. However you will be able to apply again after the ban period.

What is McKinsey first round interview like? ›

McKinsey uses interviewer-led case interviews in which the interviewer will lead the direction of the case and directly ask you questions to answer. Other consulting firms, such as BCG and Bain, use candidate-led case interviews in which you'll be expected to drive the direction of the case.

What GPA do you need for McKinsey? ›

At McKinsey, BCG or Bain, a candidate should have at least 3.6 GPA to insure against any doubts about academic achievements. However, lower GPAs do not automatically disqualify a candidate; a 3.2-GPA resume can still pass to the next round if it shows outstanding achievements elsewhere.

How many candidates make it to the final interview? ›

The average is around two to four people.

As always, there is no defined structure for how hiring managers will get to this point. Most decision-makers like to meet with potential hires multiple times before they extend a job offer. It's a way to know that they're making the right decisions.

How do I get an offer from McKinsey? ›

Barring any slight variations, there are four main steps you must go through:
  1. Resume and cover letter screening.
  2. McKinsey Problem Solving Test.
  3. First round of interviews.
  4. Second round of interviews.
20 Aug 2021

Do you need an MBA to work at McKinsey? ›

If your heart is set on McKinsey and you're wondering 'Should I get an MBA? ', the short answer is no – you do not have to have an MBA to break into McKinsey. Here at Management Consulted we've known candidates, and have even coached a few, who got offers with McKinsey with no MBA.

Will McKinsey pay for my MBA? ›

One more perk: McKinsey pays 50% of MBA tuition for returning interns according to Management Consulted. That's not to say you won't find inventive recruiting strategies outside the MBB. Deloitte's Strategy & Operations practice reimburses second year MBA tuition for returning interns – as does ZS Associates.

Which is better BCG or McKinsey? ›

McKinsey & Company scored higher in 8 areas: Overall Rating, Culture & Values, Diversity & Inclusion, Senior Management, Compensation & Benefits, Career Opportunities, CEO Approval and Recommend to a friend.

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