The firms. The three consulting firms widely regarded as constituting the Big Three or MBB are McKinsey & Company, Boston Consulting Group, and Bain & Company.The term “Big 4” refers to the 4 largest professional services firms by revenue: Deloitte Touche Tohmatsu (Deloitte), KPMG International (KPMG), PricewaterhouseCoopers (PwC), and Ernst & Young (EY).The Big 4 firms in management consulting are Deloitte Touche Tohmatsu (Deloitte), KPMG International (KPMG), PricewaterhouseCoopers (PwC), and Ernst & Young (EY).

Is it hard to get into McKinsey : Depending on your academic background and set of experiences, passing the resume and cover letter screen may be the hardest round for you. McKinsey is extremely selective during this phase due to the large number of applicants (over 200,000 each year). Read on for the steps to take in order to get past Round 1.

What is Big 5 consulting

The term ''Big 5'' first emerged in the early 1990s, as a way to describe the five largest accounting firms that provided consulting services to clients. The five firms initially included Price Waterhouse, Deloitte, Touche Tohmatsu, Ernst & Young, and Arthur Andersen.

Is Bain a Big 4 : The Big Three is one of the names given to the three largest strategy consulting firms by revenue: McKinsey, Boston Consulting Group (BCG), and Bain & Company. They are also referred to as MBB. The Big Four consists of the four largest accounting firms by revenue: PwC, Deloitte, EY, and KPMG.

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 38,000 employees across more than 120 offices around the world.

The most prestigious firms are McKinsey, Bain, and BCG. Next most prestigious are "Tier 2" firms such as Kearney, Accenture, and LEK. This tier also includes the strategy consulting arms of the Big 4 firms, including Deloitte Monitor, EY Parthenon, and PwC's Strategy&.

Is Big 3 better than Big 4

Typically, the Big 4 apply specific, predetermined tools to problems within defined subsets of the client company. This is very different from the Big 3 consulting firms, which employ more wide-ranging, free-form solution-finding processes and deal with the client company as a whole.McKinsey's salary for entry-level consultants in the United States likely ranges from $100,000 to $140,000 per year, while the figure for MBA-level/experienced Associates can be over $200,000.McKinsey, Bain, and BCG don't have a strict GPA cutoff, but they do typically consider anything from 3.6 up as a strong GPA.

History of the Big 4 accounting firms

In the late 1990s, the Big 6 became the Big 5 when Price Waterhouse merged with Coopers and Lybrand to form PricewaterhouseCoopers (later stylised as PwC). Five became four in 2001 after the insolvency of Arthur Andersen due to the firm's involvement in the Enron scandal.

Is McKinsey or Bain better : Bain gives a lot more ideas away in the sales process than would McKinsey or BCG, relying heavily on its quantitative prowess and willingness to go the extra mile. A partner at Bain might give away what would normally be the first month of work to a potential client – a tactic that often sways clients in their favor.

Is McKinsey better than EY : EY scored higher in 3 areas: Work-life balance, CEO approval and Positive Business Outlook. McKinsey & Company scored higher in 7 areas: Overall rating, Culture and values, Diversity and inclusion, Senior management, Compensation & Benefits, Career opportunities and Recommend to a friend.

What are the top 10 consulting firms in the world

1. MCKINSEY. Prestige. McKinsey is the world leader in consulting prestige.
2. BOSTON CONSULTING GROUP. Prestige.
3. BAIN & COMPANY. Prestige.
4. ACCENTURE. Prestige.
5. OLIVER WYMAN. Prestige.
6. BOOZ ALLEN HAMILTON. Prestige.
7. DELOITTE CONSULTING. Prestige.
8. PRICEWATERHOUSECOOPERS (STRATEGY&) Prestige.

In head to head recruiting, Bain often beats out BCG because of culture but loses to McKinsey based on prestige or brand-name.Exit Opportunities

Of course, there's going to be just slightly more prestige attached to a McKinsey alum than someone coming from BCG or Bain.

Is Bain or McKinsey better : For example, if you have a strong interest in private equity consulting, Bain might be more appealing to you. If you want to specialize in improving clients' operations, McKinsey's operations practice may be better.