Heres our list of the top 10 boutique consulting firms in the US for you to check out. In 2018, NERA was ranked second in Vault's annual survey of the top firms in economic consulting. With nearly 300,000 employees working from home since March 2020, Cognizant continues to expand its reputation for quality digital solutions and workplace innovation, with particular focus on its Work Ahead AI action and research initiative. Insights clients are often in the private equity industry, and also Fortune 1000 companies looking to improve their sourcing and procurement performances. Frequently named among the top management firms in the world, Oliver Wyman has served more than 1,000 global clients over the past 50 years. This year, IBM teamed up with the USTA to deliver all-new, all-virtual signature experiences for the U.S. Open, leveraging both IBM Watson and IBM Cloud. The firms extensive client base spans an impressive 16 different industry sectors: banking and capital markets; insurance; investment management; building, construction, and real estate; alternative investments; industrial manufacturing; retail; food, drink, and consumer goods; energy, natural resources, and chemicals; government and public sector; healthcare and pharmaceuticals; technology; high growth mid-market and venture capital; media and telecommunications; private equity; and high growth emerging markets. Founded in 1999 by Charles Bates and Halbert White, the firm currently has one office in Washington, D.C., with nearly 300 employees. L.E.K. TPG hires consultants with backgrounds in industrial engineering, commerce, and general business. ADL is also an innovator of business strategy and operations research, which it has honed during its more than 130-year history. The firm was founded in 1886 and formally incorporated in 1909 by Arthur Dehon Little, a scientist instrumental in developing chemical engineering at the Massachusetts Institute of Technology (MIT). Liked by Brittany Warren. Headquarters: Chicago, IL. 9. 26. The firm has followed the trends of the sector by augmenting its service portfolio to include markets adjacent to accounting, adding strategy, operations, HR, technology, and financial services consulting. Booz Allen has been consistently recognized as an industry-leader in corporate citizenship, employee empowerment, and executive leadership. These women leaders represent some of the most prominent IT organizations that provide clients across the public and private sectors with ongoing cybersecurity services Microsoft recently announced a multi-year collaboration with IT services company Accenture and healthcare industry leader Kaiser Permanente to enhance its hosted cloud environment infrastructure that supports its 12.4 million members and more than 85,000 care providers. Over the years, the organization has received substantial support from Bain, with whom it has maintained a close relationship. Bridgespan was founded by Thomas Tierney, formerly Managing Director of Bain & Company; Harvard Business School professor Jeffrey Bradach; and Paul Carttar, formerly a Vice President at Bain & Company. This includes strategy development for biopharmaceutical, biotechnology, diagnostics, and related fields. Bain & Company is a global management consulting firm headquartered in Boston, Massachusetts, and with 63 offices in 38 countries around the world. The firm has a 97 percent client satisfaction rating, marking one of the highest ratings on our list of boutique consultancy firms. Syneos Health Teneo works exclusively with the CEOs and senior executives of the worlds leading companies, providing strategic counsel across their full range of key objectives and issues. Back Bay Life Science Advisors Ranked Among Top Five Best Boutique Consulting Firms Nationwide. CohnReznick recently launched its Gamechangers in ESG Awards program to recognize U.S. businesses that are changing the game through their commitment to environmental, social, and governance (ESG) strategies and practices. 16. Putnams clients are very diverse, from small start-ups to fortune 500 companies. Regardless of location or rank, our consultants are down to earth, approachable, and have a shared passion for doing innovative client work that provides clear benefits to the organizations we work with in both the short and long term. A complete listing of our offerings can be found under the Services tab. Working with clients in biotechnology, medical devices & diagnostics, and pharmaceuticals. Founded in Boston, Massachusetts in 2007, ClearView Healthcare Partners is a global strategy consulting firm serving the life sciences sector. In recent history, FTI is known to have had the biggest restructuring business in the U.S. FTIs five business segments cover a broad range of services. Now, more than 50 years into its history, Capgemini boasts more than 270,000 employees in dozens of countries. Crowe LLP is a public accounting, consulting, and technology firm headquartered in Chicago and with offices around the world. Consulting Headquarters: Menlo Park and San Ramon, CA. PricewaterhouseCoopers TCS cloud platforms are fostering development across Asia, and the firms ADD Safety software was recently granted an award for using AI to radically improve pharmacological outcomes. Headquarters: Washington, D.C. The Bridgespan Group Furthermore, the RPS segment provides tailored solutions for customers commercial, government, and military who are not just based in the U.S., but rather located across the globe. Included in its wide range of expertise are achievements in the fields of AI, cybersecurity, cloud infrastructure development, and business operations. The Keystone Group. The Poirier Group (TPG) is a boutique management consulting firm based in Toronto that delivers sustainable process and performance improvements to medium-to-large businesses. West Monroe. 80% of AmLaw 100 firms, 50% of Fortune 100 companies, and 25% of Fortune 500 companies use The Brattle Groups expert services. Headquartered in Brussels, Belgium, Arthur D. Little (ADL) is an international management consulting firm with over a century of heritage. The firm invests deeply in training and fostering entrepreneurship in its own employees so they can bring the most impactful solutions to clients. 46. Cornerstone Research But usually, they're around 20%-40% less than MBB per month. This means there is room for career growth and development in the firm. Back Bay Life Science Gallery . Booz Allen Hamilton Headquarters: Washington, D.C. FTI Consulting, headquartered in Washington, D.C., is counted among the largest financial consulting firms in the world, typically ranking highly in consulting firm industry listings. However, the Type A in me is obsessed with prestige and wondered . Headquarters: Mumbai, India. That's why the globally acclaimed multinational firm provides data driven risk advisory services and insurance solutions to its clients. Ignyte was recently named among the citys best companies to work for, and was founded by previous Big Four consultants. Their focus is to plan and deliver new IT methods, designed specifically for each client to grow and maximize the value of their projects. I work only 40 hours on average per week at my current firm. Recognized as the fourth-largest privately owned firm in the U.S., PwC's global revenues were a whopping $42.4 billion for the 2019 fiscal year. Cornerstone boasts a workforce of more than 700 professionals across eight offices in the United States and United Kingdom. As an industry leader in business consulting, outsourcing, and information technology solutions, Cognizant has long been hailed for its results and resilience. Certain industries require especially high degrees of accuracy and security, and the Science Applications International Corporation (SAIC) is the firm trusted most by governments and other entities with IT support for sensitive, high-end missions. The Vault Consulting 50 ranking is based on a weighted formula that combines each firm's prestige rating with its scores in several key employment factors to come up with an overall list of the Best Consulting Firms to Work For. Primarily by providing strategy consulting and leadership development. And Technology, a latent source of boosted revenue for the firm, provides specialized software to manage ediscovery risks. Ignyte is a boutique firm that specializes in management and digital experience consulting. Cornerstone Research provides economic and financial analysis and expert testimony to attorneys, corporations, and government agencies involved in complex litigation and regulatory proceedings. Kroll advises clients in the key areas of valuation, corporate finance, disputes and investigations, cyber security, and regulatory issues but the firm is arguably best known for its work in administration processes. 90% of the hospitals on the "Best Hospitals Honor Roll by U.S. News & World Report work with the firm, and it serves more than 600 healthcare organizations annually. In addition, Human Rights Watch has consistently named it one of the Best Places to Work for LGBTQ Equality. Today, it's known simply as Marsh, a subsidiary of Marsh McLennan. Following the merger, more than 27,000 talented Syneos Health individuals now form one unique brand that offers a mix of research and advisory services. 2023 Best Boutique Consulting Firms # 1 SCORE 9.757 2022 Rank 1 ghSMART ghSMART Founder Dr. Geoff Smart's Psychology PhD dissertation found that those private equity firms best at choosing teams made the most money. Featuring an unparalleled 360 research capability as well as rigorous analytic capabilities, the firm has earned a stellar reputation due to its benchmarking, competitive analysis, ability to listen to the voice of the customer, commercial diligence, work supporting investment decisions, and other externally driven strategic development work. Based on nominations and our further proprietary research, we have selected the 50 best firms. Its clients have included Lehman Brothers, HealthSouth, Tribune Company, Warnaco, Interstate Bakeries, Target, Darden Restaurants, and Arthur Andersen. 22. British-Dutch multinational professional services network KPMG International Limited, often shortened to KPMG, is well known as one of the Big Four accounting organizations. The Accounting, Finance & Technology category consists of Accenture, Booz Allen, Deloitte, KPMG, EY, PwC, and Wavestone. 31. With active partner engagement, Keystones teams develop and implement recommendations to address its clients most complex business challenges. The gender gap in the healthcare industry has always been a looming indicator of societal inequalities for women in the workplace. Boston Consulting Group Some firms are very small and specialized, and others are massive and have their hands in every business sector imaginable. Headquarters: New York, NY. Named for its founder, the firm pioneered the concept of contracted professional services and played a key role in the development of the word processor, the first synthetic penicillin, LexisNexis, SABRE, and NASDAQ. Kearney consistently ranks high on a variety of lists for both the consulting industry and the wider business world. Founded in 1973, Bain is one of the Big Three management consultancies (along with McKinsey & Co. and Boston Consulting Group). I rejected T2/T3 offer. Founded in 1973, Bain is one of the "Big Three" management consultancies (along with McKinsey & Co. and Boston Consulting Group). Capgeminis revolutionary Platform AI and analytics portfolio is a standout example of how the firm has been able to offer scaled data transformation at an unmatched level. Now, it is a major management consulting and professional services firm focusing on consulting, software, and technology and provides services for clients in healthcare, private equity, and technology. In addition to consulting, Bridgespan makes case studies freely available on its website and publications. With over 1,400 employees and 21 offices worldwide, the firm brings in roughly $500 million in annual revenue. Crowe uses its deep industry expertise to provide audit services to public and private entities. This includes placing in Best Places To Work In Chicago in 2020 and 2021 and being honored as one of the Best and Brightest Companies to Work For by the National Association for Business Resources for four consecutive years. Spun off in 2013 from an earlier corporation, SAIC has spent the better part of the last decade leading the charge to bring the benefits of deep engineering expertise to government and civilian clients. Serving a bevy of global brands and leading law firms from its offices in Boston, San Francisco, New York City, and Seattle, Keystone Strategy provides strategy and economics consulting fueled by an entrepreneurial spirit as well as dedication to collaborating with clients and peers. A TEAM P.A., INC. is a Land Surveying company with over 60 years of surveying experience and have a proven reputation for integrity and value and has solidified its market position with business . Crowe is driven by a workforce of more than 4,400 professionals and experts, and has been recognized by Fortunes 100 Best Companies To Work For list. Sometimes the firms services will extend throughout the entirety of a case in court. Notably, it was the first consulting firm dedicated to methodically applying rigorous microeconomic thought to litigation and regulatory matters. The firm is widely known for solving for the most complex business challenges and opportunities by integrating a wide variety of disciplines. The firm has held a leadership position in community investment for more than 35 years and a 15-year commitment to the cleantech and renewable energy industries. The firm is specifically a titan in the fields of corporate finance and restructuring, economic consulting, forensic and litigation consulting, strategic communications, and technology. It operates as an extensive network of firms in 145 countries with an employee base of more than 236,000. The firms current name is intended to communicate the value of helping customers on both the clinical and commercial side. The firm boasts a workforce of more than 14,000 professionals who provide guidance to public, private, and non-profit organizations of all sizes. CSG works with its clients collaboratively to deliver results. Headquarters: San Francisco, CA. Clarkston is a business and technology consulting firm based in North Carolina. Publicis Sapient This includes IT project & portfolio management, systems design, and software/hardware deployment. ClearView works exclusively in the life sciences industry. Headquarters: Boston, MA. With an entry deadline of June 30, 2022 and winners announced in the fall, the program provides a platform for organizations to communicate their ESG stories and be recognized for their accomplishments whether they are just starting their ESG journey or are well on their way. It has been ranked in the top 10 in Vault's Consulting 50 multiple times, and in Consulting magazine's Best Firms to Work For. These firms help their clients solve their biggest problems, capitalize on opportunities, and in some cases, avoid costly mistakes. It has also been the recipient of numerous awards and recognitions, including being named one of Modern Healthcares Best Places to Work 2021 and Best in KLAS in four different categories in 2022: Healthcare Management Consulting, Digital Transformation Consulting, HIT Advisory Services, and Financial Improvement Consulting. Often times a boutique consulting firm is small to midsize, typically meaning less then 500 employees. Crowe is recognized by many organizations as one of the best places to work in the U.S. As an independent member of Crowe Global, one of the largest global accounting networks in the world, Crowe serves clients worldwide. 13. The firms banner Technology Solution Delivery capability is how it enables people and processes via strength of technology. Globally, Mercer is also the largest investment consultant and delegated services (OCIO) provider, with over $15 trillion in assets under advisement (as of June 2020) and over $300 billion in assets under management (as of September 2020). The firm is fueled by a combination of cutting-edge research, state-of-the-art methods, and proven experience, and includes a diverse team of more than 800 professionals from over 50 countries. The Top 10 Consulting Firms in North America for 2021 are: Bain & Company. This firm is led by a former Harvard Business School professor, and previous Bain & Company alumni. Founded in New York City during the mid-1980s (by former Booz Allen Hamilton partners Alex Oliver and Bill Wyman), the firm has since become the fastest-growing management consulting firm today. Technology and management consulting firm Kenway specializes in technology solution delivery, enterprise program leadership, and information insight. Back Bay Life Science Advisors. Headquartered in New York City, the firm now has nearly 5,000 employees across 30 countries and territories. Willis Towers Watson It is known for its strong client focus, an emphasis on teamwork, unwavering integrity, mutual respect, and a constant striving for excellence. 29. Stax is a global management consulting firm serving corporate and private equity clients across a broad range of industries including software/technology, healthcare, business services, industrial, consumer & retail, and education. Established in 1997, CSG recently celebrated 25 years serving as a trusted advisor to the public sector. Keystone Strategy Clarkstons services to clients include strategy & innovation consulting for sales and marketing, project and program management, and new system implementation. Headquartered in Waltham, Massachusetts, RTX researches, develops, and manufactures advanced technology products in the aerospace and defense industry including aircraft engines, cybersecurity, guided missiles, air defense systems, satellites, and drones. Sectors. The more specific and things that MBB doesn't do, then you might find those things outside of it. The "doing what is right" credo permeates its firm culture, leading Kenway to continually be included in the top ranks of best companies for work-life balance listings. The Brattle Group The firm boasts 40 offices globally and more than 1,500 experts and professionals; its also regularly recognized as one of "America's Best Management Consulting Firms" by Forbes, among other accolades. FTI Consulting This boutique firm strives to provide key insights and resources to help its clients overcome challenges, and accelerate business growth. BCG is driven by more than 25,000 employees across 90-plus offices in over 50 countries and regions. The firm is routinely recognized as one of the top 10 consulting companies in fraud, forensic, and investigation services. Canadian Venture Capital-Funded Biotech Companies to Watch in 2023. Its stated mission is to build a better world by strengthening the ability of mission-driven organizations and philanthropists to achieve breakthrough results in addressing societys most important challenges and opportunities. Eagle Hill prides themselves in being a community of consultants, rather then being a traditional agency. 47. It specializes in helping clients by improving the most important asset for every organization: its people. They were even brought on to provide change management and strategic communications during a merger of agencies under the umbrella of US Customs and Border Protection Agency. The Keystone Group Pharma consultancy Putnam Associates rebranded Putnam last year made headlines in 2019 when it was acquired by healthcare giant UDG in an $88 million deal, which has allowed Putnam to strengthen its foothold in the rapidly expanding life sciences industry. Among its services, PwC offers its clients tax, audit, insurance, and consulting services in the fields of aerospace, defense, automotive, banking, health, insurance, and technology, among others. Headquarters: Boston, MA. With headquarters in Armonk, New York and more than 10,000 employees, IBMs consulting branch IBM iX is now one of the largest digital and design consultancies worldwide, with roughly 60 studios as well as wide-reaching global network of strategists, designers, developers, and data architects leveraging deep industry and ISV expertise. The firm and its subsidiaries also help clients make decisions that lead to lasting value with its tax, advisory, and consulting services. Since 2018, Cognizant has also been at the forefront of using blockchain technologies to facilitate secure data sharing between companies. Headquarters: Boston, MA. Since being founded in 1983 by three Bain & Company partners James Lawrence, Iain Evans, and Richard Koch L.E.K. "The ethos at Back Bay has always been about the nurturing of clients and teammates with equal . He believed that if his firm always strove to do what was best for its clients, it would in turn end up working out well for the firm. 10. In addition, as of 2020, PwC US has been on Fortune's 100 Best Companies to Work For in the US for 16 years. Blue Matter is a consulting firm serving the life sciences industry. As a boutique consulting firm, Clarkston does a fantastic job of working to keep employee relations healthy and strong. 28. With revenues of $1.97 billion, 51 offices, and more than 9,000 problem-solvers across the U.S., the firm is also the largest member of the Grant Thornton International Ltd global network. All Rights Reserved. Back Bay also ranked #24 in the Vault Consulting 50, Vault's signature list of the best consulting firms to work for and ranked in the top three pure healthcare firms included on the list. They teach foundational skills to succeed both at ClearView and beyond. Huron Consulting specializes in helping its client organizations navigate change and economic pressures in various dynamic environments. Headquarters: Boston, MA. was awarded the Queen's Award for Enterprise for international trade and export. They help provide corporations, governments, and other types of organizations with analytics, insights, and counsel on a wide variety of matters. Stax was founded in Boston in 1994 and currently boasts more than 180 professionals in offices in Boston, Chicago, New York, and Colombo, Sri Lanka. It is one of the largest professional services networks in the world, with annual aggregated revenue nearing $50 billion, and the firm is highly respected for its forecasts regarding the world of technology and work. Since the firms founding just after the turn of the century, it has provided guidance for more than 450 health systems, hospitals, and academic medical centers as well as approximately 400 colleges, universities, and research institutions and over 125 life sciences organizations. This includes strategy development for biopharmaceutical, biotechnology, diagnostics, and related fields. In todays world of consulting, you will find that not all firms are created equal. It has more to do with how the firm views itself, then actually meeting a pre-determined set of requirements. 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