McKinsey tops Vault’s 2014 rankings of consulting firms
According to the latest rankings from the career site Vault, McKinsey’s reputation as a great place to work just keeps growing. In Vault’s new survey, McKinsey & Company took the top spot in both Vault’s Consulting 50 (up from number two last year, surveying both internal and external respondents) and its Prestige list (external respondents only).

According to Vault’s website:
“The rankings are based on the results of Vault’s annual Management and Strategy Consulting Survey. More than 7,500 consulting professionals of all levels assessed their peer consulting firms on a scale of 1 to 10 based on prestige (respondents were unable to rate their own employers and rated only firms with which they were familiar). Consultants also rated their own firm’s quality of life in a series of “Best to Work For” categories such as firm culture, compensation and work-life balance, among others. For the Vault Consulting 50 Ranking, a weighted formula was used to combine findings from both prestige and selected best to work for categories to identify the top 50 consulting firms operating in the U.S. today.”

“McKinsey’s ranking marks a return to the top of the Consulting 50, the result of marked improvements in its Best to Work For scores including overall satisfaction and firm culture. ‘McKinsey is a place where you will get much more than you give. It is a 24/7 learning environment. You are constantly exposed to an atmosphere where you can improve as a person and a professional,” said one employee at McKinsey.’

“McKinsey took the No. 1 spot in an unprecedented 18 Best to Work For categories: Ability to Challenge, Benefits, Compensation, Firm Leadership, Informal Training, Innovation in the Industry, Interactions with Clients, Internal Mobility, International Opportunities, Overall Business Outlook, Promotion Policies, Relationships with Supervisors, Overall Satisfaction, and Selectivity, in addition to topping the rankings for Minority Diversity, Diversity for Individuals with Disabilities, Diversity for Military Veterans, and Overall Diversity.

According to respondents, the firm’s commitment to its staff is noticeable right from the onset of employment. ‘Career development is a top priority at McKinsey, with each new hire having a team of people including a designated professional development officer and a partner working to prioritize their development, through providing an optimal project mix as well as access to a variety of firm training programs,’ said one respondent.”

“McKinsey emerged as the Most Prestigious Firm for the 12th straight year while also finishing No. 1 in six categories on Vault’s Practice Area Rankings: Energy Consulting, Financial Services, Healthcare Consulting, Management Consulting, Retail Consulting and Strategy Consulting.

Peer consultants at rival firms noted McKinsey’s ‘longstanding reputation,’ calling the firm ‘incredibly impressive,’ ‘innovative,’ ‘thought leaders,’ and the ‘gold standard.’ Respondents also said McKinsey represents ‘strategy consulting at its best,’ and believe ‘they define prestige.’”

For the complete results, visit Vault’s website.