BrazilMcKinsey sweeps Vault rankings as best consulting firm in Asia
Global powerhouse McKinsey has swept the 2020 Vault consulting rankings for APAC, deemed the most prestigious firm as well as number one in a range of employment categories.
Employment research and advisory platform Vault.com has released its latest APAC consulting rankings, with McKinsey & Company claiming back the number one spot from rival BCG. Based on scores from thousands of industry survey respondents on a range of employer factors, McKinsey was also ranked as the top firm for benefits, innovation, exit opportunities, level of challenge, and internal mobility among numerous other quality of life categories.
“McKinsey attracts and supports the best talent. We strive to help our people grow and deliver tremendous impact for our clients, so we are especially encouraged by earning the #1 spot on this ranking in Asia-Pacific,” commented Warren Teichner, senior partner and global sponsor of McKinsey Recruiting. “I am continually impressed by the passion of our people and their dedication to our clients and the challenging issues we help solve every day.”
In addition to internal employment conditions, the survey questions consultants on their perception of competing firms, with McKinsey here claiming the title as the most prestigious firm as well as the leader for both management and strategy consulting. Outside of operations and IT strategy (Accenture) and human resources (Mercer), McKinsey in fact ranked number one in every practice area, including TMT, energy, economic, financial, retail and healthcare.
“McKinsey’s historic reputation for concentrating hiring efforts on recent MBAs from top schools still persists, though it does not reflect the realities of the firm's modern composition,” notes Vault.com, "because McKinsey seeks exceptional people, regardless of where that talent may be. As McKinsey's client needs have evolved, it also hires more specialised and experienced profiles such as people with change management expertise or digital design and development experience."
Despite a challenging year – including accusations surrounding the firm’s activities in various parts of Asia – McKinsey has bounced back to the top of the overall APAC list after slipping behind Boston Consulting Group in the previous rankings, with BCG this year also falling behind Bain & Company this year into third. Bain, like McKinsey, scored as swag of number ones across various employment categories, including culture, leadership, diversity and training.
Beyond the MBB, fourth place on the list was occupied by German-origin management consultancy Roland Berger, which notably scored well in categories concerning work-life balance (such as travel requirements and contact hours, notorious industry killers), followed by Oliver Wyman, A.T. Kearney, OC&C Strategy, Arthur D. Little and another German-origin firm Simon-Kucher & Partners, which, perhaps not coincidentally, also ranked especially well for work-life balance. ZS Associates rounds out the top ten.
A review of McKinsey’s Singapore office on employer review site Glassdoor – where McKinsey is considered the most attractive consulting employer among local graduates – shows the firm to hold a 4.4 rating out of five, with one recent recruit stating; “Some of the smartest people you will ever work with. Always dynamic, always new challenges to be working on. Be prepared to learn a lot almost every day. One cannot be stagnant and expect to continue in McKinsey.”
