Types of Firms

Consulting firms can be categorized into these categories:

  • Elite management consulting firms: The top strategy consulting firms. Each specializes in particular industries or functions with projects in a wide range of industries. Representing firms include: Bain, Booz & Co, McKinsey & Co., Accenture, etc.
  • Big affiliated consulting firms: The big firms offering strategic business and operations advice but also offer specialized consulting services such as regulatory requirements. Representing firms include: Deloitte, Ernst & Young, KPMG, PricewaterhouseCoopers.
  • Boutique strategy firms: Small firms that do the same thing as the big firms do but with more focus in a particular industry, process, or types of consulting. Representative firms: Gartner, PRTM Management Consultants, Putnam Associates, etc.

Practice Areas

Consulting firms specialize in many practice areas. Some common ones are:

  • Financial strategy consulting: Firms providing financial models to enhance strategies and performance of financial companies. Representative firms: Deloitte Consulting LLP, IBM Global Services, Diamond Management & Technology Consultants, etc.
  • Human resources consulting: Firms specializing in providing human resources consulting, from designing an employee evaluation to conducting training in an organization. Representative firms include: Accenture, Mercer, Deloitte Consulting, etc.
  • Marketing consulting: Firms specializing in providing strategies that solve marketing problems. Representative firms: Monitor Group, Copernicus Marketing Consulting, etc.
  • Operations consulting: Firms specializing in examining client’s internal workings such as business processes and recommend strategies to streamlining the processes. Representing firms: Accenture, PRTM, A.T. Kearney, etc.
  • Strategy consulting: Firms specializing in helping company executives to face macro-level challenges in their businesses and provide new strategic directions. Representative firms: Bain & Company, McKinsey & Company, Booz Allen Hamilton, etc.
  • Technology and systems consulting: Firms specializing in designing computer systems and applications. Representative firms: Accenture, IBM Global Services, Oracle, SAP, HP Services, etc.
  • Other in-demand consultancy: Taxation, health care, and social media consulting.


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