We're thrilled to announce the next set of rankings in our rankings of the Best Consulting Firms to Work For: The 2020 Top Consulting Firms in Asia-Pacific. McKinsey & Company is No. 1 again after ranking in the second spot last year. Rounding out the top three are Bain & Company at No. 2 and Boston Consulting Group at No. 3.
The Top Consulting Firms in Asia-Pacific consists of the 15 best consulting firms with a presence in the region. New to the ranking this year are Gartner, Inc. (No. 12), Avalon Consulting (No. 13), Mercer Limited (No. 14), and Incapsulate (No. 15).
The Top Consulting Firms in Asia-Pacific for 2020 are:
This year’s Most Prestigious Consulting Firms in Asia-Pacific sees the Top 5 maintain their same positions as last year’s prestige rankings: McKinsey, BCG, Bain, A.T. Kearney, and Deloitte.
Please visit The Best Consulting Firms for all of our 2020 consulting rankings—including those for North America, as well as the Asia-Pacific rankings for the Top Consulting Firms, Most Prestigious Consulting Firms, the Best Firms by Practice Area, and the Best Firms to Work For in key quality of life factors.
Oliver Wyman Ranks in New Practice Areas
We see some movement in our practice area rankings, which rank the Top 10 consulting firms in Asia-Pacific across 13 practice areas. Oliver Wyman enters the Top 10 for Financial Consulting (No. 4), Management Consulting and Pricing, Sales & Marketing Consulting (No. 7 for each), and Strategy Consulting (No. 9). The firm also jumps to No. 4 for Financial Consulting, up from last year’s No. 8.
Other impressive jumps in the practice area rankings include NERA Economic Consulting, which moves to No. 3 for—you guessed it—Economic Consulting (from No. 8). Simon-Kucher & Partners leaps to No. 4 for Pricing, Sales & Marketing, up from last year’s No. 9 spot, and OC&C Strategy Consultants ranks No. 4 for Retail Consulting (from No. 7).
New TMT Rankings for Asia-Pacific Echo Global Trends
As with North America, we’ve introduced a new practice area ranking for Asia-Pacific consulting firms: Technology, Media, and Telecommunications (TMT) Consulting. TMT encompasses the world’s most exciting and rapidly evolving industries, and its relevance to the Asia-Pacific region demonstrates this sector’s global importance.
Vault’s Top Five Consulting Firms for TMT Consulting in Asia-Pacific are:
McKinsey, BCG, and Accenture also lead the Top 3 Consulting Firms for TMT Consulting in North America. One McKinsey employee in the Asia-Pacific region expressed excitement for the work the firm is doing: “We are [making] some groundbreaking advancements in digital and advanced analytics, merging the power of AI, Design, and Agile to help clients achieve great outcomes. The demand is high and our portfolio of successful work is encouraging and promising.”
About the Vault Consulting Survey
The 2020 Vault Consulting rankings are based on responses from more than 17,000 consulting firm employees surveyed earlier this year across three regions (North America, Asia-Pacific, and Europe), who were asked to rate their own firms on a scale of 1 to 10 based on firm culture, compensation, work/life balance, the outlook for the firm, overall satisfaction, and other key quality of life factors. We also asked consultants to rate the prestige of peer firms and to select the strongest firms in more than a dozen specific practice areas; for the prestige and practice area rankings, consultants were unable to rate or vote for their own firms.
The Vault Top Consulting Firms in Asia-Pacific ranking is based on a combination of internal and external scores: the scores consultants gave their own firms on a variety of quality of life factors and the prestige scores from consultants at peer firms. We used a weighted formula to compile the ranking: 30% prestige; 15% satisfaction; 15% firm culture; 10% compensation; 10% work-life balance; 10% level of challenge; 5% business outlook; 5% promotion policies.
From this data, we also produced rankings of the Best Firms to Work For in Asia-Pacific based on 21 separate quality of life factors—including Compensation, Culture, Promotion Policies, and Training. Consultants’ scores of peer firms informed the Most Prestigious Consulting Firms in Asia-Pacific ranking as well as 13 practice area rankings—including Management Consulting, Strategy Consulting, Energy Consulting, and Technology, Media & Telecommunications Consulting.
Back in January, Deloitte released the findings of their second annual Industry 4.0 Readiness Report, which surveys technology, media, and telecommunications (TMT) organizations to assess how prepared industry leaders are to embrace the “new era of globalization” promised by emerging trends in digitization and data exchange.
Industry 4.0 is the catalyst of the Fourth Industrial Revolution, a period in which new technologies, increased emphasis on big data and analytics, and erosion of the boundaries between the physical and the digital drive innovation.
Today, I am thrilled to announce the release of the 2019 Vault Top Consulting Asia-Pacific ranking.
As with our North American rankings, the Asia-Pacific list is based on our annual survey of leading employers within the consulting industry, and take into account everything from a firm's reputation (its prestige score) to individual quality of life factors.
“New hire’s remorse”—at least under this name—is a recent phenomenon that we broached last week. Also called “shift shock,” it arises when an employee regrets taking a job because it isn’t the right fit or is completely different from what was expected.