Global consulting firms make Fortune best places to work list

20 February 2020 Consultancy.asia

A number of the world’s leading consultancies have made Fortune’s latest list of best employers – with diversity and inclusion playing a key role.

For aspiring Asian consultants looking to land a job in the more than $60 billion American market, (subject to all the applicable visa and migration laws of course), Fortune Magazine’s latest 100 Best Companies to Work for List has also revealed the ethnic diversity profile at top US firms – with Accenture and the Big Four all listed at one third or above for minorities. Bain & Company meanwhile was the only MBB management consultancy to make the overall list.

Compiled in association with employment and workplace culture consultancy Great Place to Work, the list takes in the views of more than 4 million US workers at companies with greater than 1,000 employees, along with 200 data-points describing their HR programmes and practices at these firms. Respondents are quizzed on 60 survey questions, with 85 percent of the final evaluation based employee experiences around personal development, trust and equality.

Topped by upmarket hotel chain Hilton, Ernst & Young was the first of the big professional services firms on the overall list, landing at 25th, followed by KPMG and PwC at 32nd and 36th respectively – the latter pair split by management consultancy Protiviti in 34th. Accenture came in at 40th, with Deloitte slotting in at 45th and mid-tier accounting and consulting firm Crowe listed in 81st place. In 69th, Bain & Company was the only MBB management firm to rank.

Global consulting firms make Fortune best places to work list

“We are incredibly proud of this recognition,” said Russ Hagey, Bain’s long-time and lauded Chief Talent Officer. “Our people continually reaffirm Bain & Company’s remarkable culture, built on collaborating with and delivering results for our clients while investing in our employees’ professional and personal development.  This award recognises those distinctive qualities of our culture and our commitment to attracting and retaining the best talent.”

While the absence of fellow big-time consultancy BCG from this year’s list was conspicuous, given its top-ten rankings over the past six years, it should be noted that firms must first submit themselves for evaluation to be considered for the list. Still, for Bain, the latest recognition continues a long string of such accolades, including perennial top-four placings on Glassdoor’s annual Best Places to Work list, and another recent nod by Fortune for workplace diversity.

Accenture and the Big Four also all made this earlier list within the top 20 – which along with gender and minorities also took in disabilities and LGBTQ and age profiles – with percentages of employees given for each category. In terms of the minority category on the most recent list, Accenture led the way among professional services firms with a rate of 51 percent followed by Deloitte with 44 percent – with both firms likely boosted by high H1 Visa acceptance rates.

In addition to the primary list, Fortune also released an attendant Best Big Companies to Work For list, which considers the workplace culture of companies with more than 10,000 employees worldwide. Here, EY ranked in second place overall, with KPMG, PwC, Accenture and Deloitte all making the top ten. Another advisory, Tata Consultancy Services, also made the list at 18th. Combined, these six firms have a global headcount of more than 2 million employees.


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