10 Top Rated Consulting Firms in NYC with Rankings
Businesses today must continuously evolve to maintain their competitive edge, whether they are market leaders or early disruptors. Business executives are facing new and complicated challenges that must be navigated thoughtfully and decisively due to the record-breaking pace of technological and organizational change.
Consulting firms assist clients in transforming their organizational, operational, and business technology transformations. A workable solution that demystifies the transformation path offers the strategic planning, implementation, and continuing operational support needed across and within business functions.
This article will list the 8 top-rated consulting firms in NYC. The article is solely based on our research and does not depict the rankings of the firms respectively.
What are the types of consulting firms in NYC?
Almost every business and corporation wants to hire consulting firms suitable for their business. For this reason, it's beneficial to put together a framework for thinking about the various classifications of consulting firms available when you're ramping up on consulting recruiting.
These classifications are not perfect, and as we will discuss, some businesses, especially in the past five years, have begun to cut across categories. But like other frameworks, its significance lies in serving as an initial anchor for how to approach the world.
Consulting firms like Strategy consulting is one of the most well-known types of business consulting, in which a consultant serves as an advisor to a firm by assisting it in developing and implementing a long-term strategic plan; here are the well-known "elite" and "tier 1" firms such as McKinsey, BCG and Bain under this category. These firms are also considered top-notch in management consultancy, human resources strategy consulting, operations consulting, and others.
While these companies fall into the category of "micro firms," compared to MBB firms, examples of such companies include Strategy& (a division of PwC), Oliver Wyman, L.E.K., Roland Berger, EY, and others. Don't assume that just because these companies are referred to as "micro-firms" or you can say "tier 2", they are little. By revenue, companies like Deloitte and Accenture are larger than tier 1.
However, other types of consulting firms that the top-rated firms also offer are business advisory, Corporate and Business Strategy, Business Transformation consulting, Digital Transformation Consulting, Corporate Finance and Strategy, Digital Technology Consulting, Manufacturing Consulting, Supply Chain and Warehousing Consulting, Sales and Marketing Consulting, Risk Management and Compliance, Data Analytics and Science Consulting, small business consulting services, Startup Consulting, Customer Experience and Learning and Development.
How to identify the best Consulting Firm for services?
You should always get information about who they worked with and how successful the project was. A few consultants might be perfect at pitching you yet have no history of progress. For that reason, it is vital to talk about the company's related involvements with an issue like yours or with an organization of your size.
Also, ensure that the organizations you're meeting can refer you to past clients who can attest to a successful project. Genuine client references will assist you with figuring out which consulting firm can resolve your issues productively.
8 top-rated consulting firms in New York
The consulting industry of New York City is home to hundreds of consulting firms. Here is an overview of leading consulting firms in NYC and some facts to support our selection of the firms.
1. McKinsey & Company
McKinsey & Company has employed more than 38,000 people worldwide across more than 130 offices since its establishment in 1926. The business brings in over $16B in revenue per year.
It is said that one of the most challenging hiring processes in the world is at McKinsey. The firm frequently hires candidates with Ivy League educations and illustrious professional histories.
In addition, McKinsey is renowned for being the first to hire a sophisticated consultant with a degree outside of business. Given their reputation for being among the toughest workers in the business, McKinsey consultants frequently have excellent exit chances.
The financial services, healthcare, advanced electronics, aerospace and defense, and TMT industries are the main clients of McKinsey New York. The Human Rights Campaign's Corporate Equality Index has awarded McKinsey’s New York office a perfect score for 18 consecutive years.
2. The Boston Consulting Group (BCG)
Boston Consulting Group is an international management consulting company that aims to unleash the potential of leaders in business and society by using intuition and creativity to solve the world's largest problems.
BCG is well represented in the New York, Boston, and New Jersey regions, almost as strong as McKinsey. Corporate development, corporate finance, the digital economy, globalization, growth, information technology, sales and marketing operations, risk management, strategy, and transformation are some of the big projects that the NYC office works on.
BCG employs nearly 30,000 people globally and generates over $12B in annual revenue.
3. Bain & Company
One of the largest companies in the world is Bain & Company. They have operations in 37 different countries and more than 15,000 employees. The company may be too big for startups and small enterprises, but they do offer advisory services across a range of industries, and its ecosystem of digital innovators produces results more quickly and precisely.
Even though Bain generates significant amounts of revenue, they offer nonprofit groups free consulting services.
In NYC, Bain helps their clients in almost every sector and at all levels. The teams are made up of energetic, bright, outgoing, and dynamic people from all over the world.
Bain generates annual revenue of approximately $6.5B.
4. Cognitute
Cognitute believes that every organization has a better version of itself, and Cognitute has the ability to spot them and accelerate actual business breakthroughs with a 360-degree view of strategy execution.
Their management consulting services concentrate on the most important problems and opportunities that are present in the operations, strategy, technology, digital, marketing, transformation, and customer experience strategy of their client's enterprises.
The business plan of an organization can only reach its full potential if it can remain profitable while meeting the changing needs of its clients. Cognitute understanding of the demands of the market and clients ensures programmatic execution through an integrated, flexible strategic plan.
Cognitute technology consulting services propel businesses through intelligent automation, advanced data analytics, robotic process transformation, IoT, and blockchain.
Cognitute digital experts create a holistic foundation by mastering technological capabilities and attracting skilled individuals to build resilient ecosystems.
5. Deloitte
Deloitte employs nearly 6,000 experts in New York and more than 470,000 globally. They work in audit, advisory, financial services, tax, and consulting.
BusinessWeek ranked Deloitte as the top company to start a career at. Deloitte Consulting was named one of the most in-demand employers in the world by LinkedIn. Additionally, Fortune listed Deloitte Consulting as one of the Best Workplaces for Women.
Deloitte generates over $65B in annual global revenue.
6. PwC
PwC is a global professional services network of companies that offers services across trust and consulting solutions. PwC has a network of 83 locations in the U.S.
Projects including cybersecurity, financial services, fashion and retail, and other topics are the main focus of the New York office.
PwC generates over $53B in global annual revenue.
7. IBM Global Business Services
The largest provider of business and technology services worldwide is IBM Global Services, a part of IBM. More than 160,000 individuals are employed by it in more than 160 nations.
Through their consulting services, they find, create, and build cutting-edge information technology that adds value to their clients.
IBM operates through an open style of working by combining diverse voices and technology to deliver innovation.
8. Accenture
Accenture is a multinational professional services firm with leading capabilities in digital, cloud, and security. Accenture employs more than 742,000 people globally.
Accenture is ranked number one in its category on Fortune's World's Most Admired Companies list.
Analytics, high-end IT, BPO, healthcare, marketing and sales, media and communication, finance and risk, cybersecurity, and financial services are some of their functional areas.
Accenture generates over $64B in annual revenue.
Top boutique consulting firms in New York
Frog.co
Frog imagines the future using a creative approach to strategy and delivers scalable tactics that help companies bring innovative ideas to life.
Frog prioritizes customer needs, utilizing data and creating unmatched experiences.
Frog integrates design, strategy, and delivery to build new ventures and digital ecosystems.
The Brattle Group
The Brattle Group has a flat organizational structure, enabling analysts to work directly with leading economists.
Its practice areas include antitrust and competition, commercial damages, forensic economics, intellectual property, environmental litigation, international arbitration, international trade, product liability, and regulatory finance.
The Brattle Group operates from more than 10 offices including New York, Chicago, San Francisco, and London.
Centric Consulting
Centric Consulting started as a virtual company in 1999. It offers cloud computing, artificial intelligence, and modern data architectures that help clients become data nimble.
Its digital strategy helps clients sort through choices and align leadership with digital enablement.
Its important practices are business consulting, technology, and digital across healthcare, insurance, the public sector, and energy.
Top small business consulting firms in NYC
Centric Consulting
Centric Consulting also falls under the category of small business consulting firms. They believe that it's no longer enough to only use design to solve client problems when developing experiential solutions.
Modern businesses thrive when they prioritize understanding their clients while making decisions.
Their operations and organizations create and carry out daily business using customer intelligence.
Frog.co
Frog has collaborated with bold entrepreneurs and innovative leaders from a variety of fields for more than 50 years.
Frog is known for creating flexible marketing campaigns with ROI tracking to help clients keep up with shifting consumer expectations.
Frog develops design skills and innovative culture within client companies using digital technologies and data.
ghSMART
ghSMART is a well-known small business consulting company. It is a 100% employee-owned organization.
It refrains from offering executive search services to avoid conflicts of interest.
ghSMART recruits top performers from leading consultancies, psychology practices, and high-performing businesses.
The Top Management Consulting Firms in the US
McKinsey & Company
An international powerhouse that continues to set the bar high for the consulting sector.
McKinsey invests more than $200M annually in professional development.
McKinsey offers strong career opportunities, extensive global access, and industry-leading compensation and benefits.
Cognitute
Cognitute is one of the best management consulting firms in the US. Its strategic and creative approach helps clients attract and engage the target audience.
Cognitute transforms brands into experience-led ecosystems that perform consistently.
Its digital consultants help businesses deploy game-changing digital interventions using KPIs and operational excellence.
Bain & Company
Bain provides outstanding training, coaching, and career development opportunities.
Bain’s visibility in DEI work is unmatched and contributes to its strong culture.
Bain is widely recognized for creating leaders who excel both within and outside the firm.
Also explore our list of the top consulting firms in Singapore for regional comparison.