Bain named top consultancy across Vault’s 2023 rankings

09 March 2023 2 min. read
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Bain & Company was the number one firm in each of Vault’s rankings of the top 50 consulting firms in the North America, EMEA, and APAC regions.

Vault’s annual Top 50 list is based on current employee responses. Ranking is based on a weighted formula, with 30% given to prestige; 15% for firm culture; 15% for satisfaction; 10% for compensation; 10% for work/life balance; 10% for level of challenge; 5% for overall business outlook; and 5% for promotion policies.

The Boston-based strategy firm was particularly lauded for its employee quality of life and its diversity initiatives. Bain employees cited collaborative teams, professional development, transparency, and diversity recruiting efforts as some of the drivers of firm culture and success.

“Dedicated, hard working individuals who sincerely care about their colleagues, both professionally and personally,” said one Bainee of the firm’s positive attributes, while another commented, “Intellectual challenge, affiliation, client impact, lifetime learning and teaching.”

Bain is named top consultancy among Vaults 2023 rankings

As a drawback, one employee noted the hard work-life balance of the consulting industry: “The hours and intensity (this is not specific to Bain).”

Bain’s Big Three rivals followed the firm in the North American ranking, with BCG at #2 and McKinsey at #3.

“We're truly honored by this recognition, especially since it is based on direct feedback from our people about the impact of our client work, our culture of close teaming and mentorship, the ability to create a meaningful career path, and more," said Manny Maceda, Bain & Company's worldwide managing partner. "I'm grateful to our global team for the passion, creativity, and dedication that they bring every day, making Bain such a special place to work."

Other notable firms in the 2023 Vault Top 50 in North America were EY-Parthenon (4), Kearney (7), L.E.K. Consulting (8), Alvarez & Marsal (10), Strategy& (12), Roland Berger (13), Deloitte Consulting (14), Simon-Kucher (19), Arthur D. Little (23), OC&C Strategy Consultants (25), and Charles River Associates (30).