Management consulting is the practice of providing consulting services to organizations to improve their performance or in any way to assist in achieving organizational objectives. Organizations may draw upon the services of management consultants for a number of reasons, including gaining external advice and accessing consultants' specialized expertise regarding concerns that call for additional oversight.
A consultant is a professional who provides advice or services in an area of specialization. Consulting services generally fall under the domain of professional services, as contingent work.
McKinsey & Company is an American multinational strategy and management consulting firm that offers professional services to corporations, governments, and other organizations. Founded in 1926 by James O. McKinsey, McKinsey is the oldest and largest of the "Big Three" management consultancies (MBB). The firm mainly focuses on the finances and operations of their clients.
Kearney is an American global management consulting firm with offices in more than 40 countries worldwide. Kearney's predecessor firm was founded in Chicago by James O. McKinsey in 1926; he hired Andrew Thomas "Tom" Kearney as his first partner in 1929. After James McKinsey died in 1937, the Chicago office split into its own company, led by Tom Kearney and called McKinsey, A.T. Kearney, and Company. In 1947, it was renamed A.T. Kearney and Company.
Roland Berger is an international management consultancy headquartered in Munich. With 2,400 employees and 52 offices in 35 countries, it has a presence in all major industrialized and emerging markets. As the market leader in Germany, Roland Berger is the only European consultancy with an international presence and is one of the leading representatives of its industry. Annual sales in 2018 were around EUR 600 million, the most successful financial year to date.
Roland Berger is a German entrepreneur, consultant and philanthropist.
Oliver Wyman is an American management consulting firm. Founded in New York City in 1984 by former Booz Allen Hamilton partners Alex Oliver and Bill Wyman, the firm has more than 60 offices in Europe, North America, the Middle East, and Asia-Pacific employing over 5,000 professionals. The firm is part of the Oliver Wyman Group, a business unit of Marsh McLennan.
Hermann Simon is a German author and businessperson. He is chairman of Simon-Kucher & Partners, a strategy and marketing consultancy. He is a strategy, marketing and pricing consultant. An ongoing online German-language survey voted him the second-most influential management thinker. Simon has authored numerous books and writes articles for international newspapers and business magazines.
Capco is a business and technology management consultancy owned by Wipro, operating primarily in the financial services and energy sectors. Capco's operational headquarters are in London, England, with 32 offices across the Americas, Europe, and Asia Pacific. The company offers services primarily in banking, capital markets, wealth and investment management, insurance, finance, risk & compliance. It also has an energy consulting practice in the US.
Boston Consulting Group, Inc. (BCG) is an American global management consulting firm founded in 1963 and headquartered in Boston, Massachusetts. It is one of the Big Three along with McKinsey & Company and Bain & Company. Since 2021, the consultancy has been led by the German executive Christoph Schweizer.
GLG is a financial and global information services company headquartered in New York City. The company provides financial information and advises investors and consultants with business clients seeking expert advice. It is the world's largest expert network, with over 1,000,000 freelance consultants. GLG's experts include asset managers, investors, consultants, physicians, scientists, engineers, lawyers, senior current and former c-level executives, and former government members. GLG's clients include strategy consulting corporations, hedge funds, private equity firms, professional service firms, and non-profit organizations.
Lufthansa Consulting is an international aviation consultancy for airlines, airports and related industries. The company is an independent subsidiary of the Lufthansa Group and provides services to the air transportation industry worldwide. The headquarters are situated at the Frankfurt Airport Center (FAC) in Frankfurt, and there are branch offices in Moscow and Rio de Janeiro. Around 100 employees from 18 countries work on projects throughout the world. The German consultancy assists aviation-specific client groups including airlines, airports and aviation authorities as well as related industries such as ground handling companies, cargo terminal operators, aircraft manufacturers and financial institutions. Safety issues and sustainable aviation have gained increasing importance for the aviation industry as particularly airlines, and airports strive to comply with new security and environmental regulations.
Bain & Company is an American management consulting company headquartered in Boston, Massachusetts. The firm provides advice to public, private, and non-profit organizations. One of the Big Three management consultancies, Bain & Company was founded in 1973 by former Group Vice President of Boston Consulting Group Bill Bain and his colleagues, including Patrick F. Graham. In the late 1970s and early 1980s, the firm grew rapidly. Bill Bain later spun off the alternative investment business into Bain Capital in 1984 and appointed Mitt Romney as its first CEO. Bain experienced several setbacks and financial troubles from 1987 to the early 1990s. Romney and Orit Gadiesh are credited with returning the firm to profitability and growth in their sequential roles as the firm's CEO and chairman respectively.
AlixPartners is a financial advisory and global consulting firm best known for its work in the turnaround space. Jay Alix founded what became AlixPartners LLP in 1981. The firm has advised on some of the largest Chapter 11 reorganizations including General Motors Co., Kmart, and Enron Corp. The firm has since moved into a more traditional consulting space, and grown to a staff of over 1000. AlixPartners is headquartered in New York, and has offices in more than 20 cities around the world. They were also involved in the Bernie Madoff scandal, identifying 13,000 investors affected by the scandal for the prosecuting team.
Cumming Group, based on the USA Cumming Corporation, is a privately held international project management and cost consulting firm with a focus on construction in the education, healthcare, themed entertainment, and hospitality sectors. In 2017, the international consultancy generated an estimated $117 million in professional fees on more than $4 billion in construction.
Richard Lesser is an American businessman who has been the chair of American management consultancy Boston Consulting Group (BCG) since 2021. He previously was CEO from 2013 to 2021.
MHP Management- und IT-Beratung (MHP) is a global consultancy based in Ludwigsburg, Germany, specializing in IT and process consulting in the automotive and manufacturing sectors. Porsche has held an equity stake in the firm since 1999, starting at 49% and increasing over time to the current 100%. MHP has experienced sustained growth since its inception in 1996.
Sia Partners is a strategy consulting firm that serves the following industries: banking, insurance, healthcare, telecommunications and media, energy, resources and utilities, transportation and logistics, industry and retail, government, and technology. The firm is totally independent from providers of software and audit firms.
EY-Parthenon is Ernst & Young's global strategy consulting arm. The firm was established as The Parthenon Group LLC in 1991 by former Bain & Company directors William "Bill" Achtmeyer and John C. Rutherford. In 2014 The Parthenon Group merged with professional services firm EY forming the new entity EY-Parthenon. The move was viewed as part of the continued efforts by the Big Four to move up the value chain from their traditional audit services into more lucrative areas of business, as well as to provide new points of entry to clients.
