Consultants work with a variety of clients to reshape industries and institutions
From Forbes: “For companies around the world, 2024 has been marked by unpredictability, many opportunities and many challenges,” says Tamzen Isacsson, CEO of the Management Consultancies Association, a trade organization in the UK. “And that’s probably a natural reflection of the times we live in.” The list of economic disruptions, according to Isacsson, includes the climate crisis, economies still recovering from the pandemic, global conflicts, cybersecurity threats, increased supply chain demands and a new wave of AI innovations. And since many companies don’t always employ specialists with the exact expertise needed to tackle each challenge, “the consulting industry has stepped up its efforts to support and provide these services.” The numbers bear this out. Companies have been turning to management consultants for help more and more in recent years. The global consulting firm market, valued at $343.47 billion in 2022, is expected to grow at a CAGR of 7.56% to reach $494.57 billion by 2027, according to research platform GlobalData Intelligence Center.
Still, finding the ideal consultant or team to meet a specific need is no easy task. To make this task easier, Forbes has compiled a ranking of the world’s best management consulting firms for 2024. The list was compiled in collaboration with market research firm Statista and is based on three national surveys of consultants (partners and managers of consulting firms) and clients (executives) in the United States, United Kingdom and Germany, and a global survey of 8,500 consultants and clients in 29 countries on all continents. Survey respondents were asked which consulting firms they would recommend; firms were eligible if they had active offices in at least three of the following regions: Africa, Asia, Australia and Oceania, Europe, Middle East, North America and South America.
Firms were recommended across 13 industries (such as technology, financial services and healthcare) and 14 functional areas (such as M&A, marketing and sustainability); those with the most recommendations were included in our list and given a star rating. Firms in the top 10% (very frequently recommended) received 5 stars, firms between the top 10% and 40% (frequently recommended) received 4 stars, and everyone else with a sufficient number of recommendations received 3 stars.”
Five-star consulting firms in strategy consulting:
Accenture
Bain & Company
Boston Consulting Group
Deloitte
Ernst & Young
KPMG
McKinsey & Company
Five-star consulting company in organizational management:
Accenture
Boston Consulting Group
Deloitte
McKinsey & Company
PwC
To continue reading the article and access industry and functional area ratings, Click here.
To access the methodology, Click here.
DON’T MISS: THE 50 BEST CONSULTING FIRMS TO WORK FOR IN 2024
From CNBC: “An MBA course can be expensive, so many people resort to student loans to pay the costs.
Federal graduate student loans are a good place to start. Direct Unsubsidized Loans let you borrow up to $20,500 per year of study, and Direct PLUS Loans let you borrow up to the full cost of tuition. However, if you need more money to bridge the gap after federal loans, or if you have good credit and can get a lower interest rate through private financing, a lender that offers MBA student loans may be a good second option.
To find the best MBA student loans, we compared lenders’ interest rates, looking at whether they offer both fixed and variable interest rates, whether there are interest discounts with automatic payment, as well as the lenders’ credit score requirements and eligibility, repayment terms and fees.”
Best from an online lender: College Ave
Best at a branch bank: Citizens’ Bank
Best for applying with a co-signer: Sallie Mae
Best for applying without a co-signer: Rise
Best for refinancing: SoFi
To learn more about the terms of these loans and understand the methodology behind the evaluation, Click here.
DON’T MISS: DEBT BURDEN AT THE 50 BEST US BUSINESS SCHOOLS: HOW MUCH CAN YOU EXPECT TO PAY FOR YOUR MBA?
Downtown Los Angeles
From USA Today: “Starting a successful business is challenging in any way, no matter where you are. According to figures from the Bureau of Labor Statistics, just over one-fifth of businesses do not survive at the end of the second year, an average that goes back to at least 1994.
However, certain locations offer advantages over others. Factors such as the prevalence of self-employment and employment in startups, LLCs, and other small businesses serve as useful indicators of which part of the country is best for entrepreneurship.
Our team examined the key metrics of 46 of the most popular cities in the U.S., from Miami to Washington and many cities in between, to find out which cities are best for starting a business.
Here are some of the standout statistics and key findings from our analysis of the best cities to start a business:
* Austin, Texas, is the best city in the U.S. to start a business, ranking in the top 10 on five of the eight factors we identified using data from reputable sources. These include startup employment share (5.03%) and GDP growth (14.3%).
* New York City ranks 42nd out of 46 cities studied: it lands outside the top 20 in every category examined. Although more companies were founded in the city than anywhere else, even more companies failed there, giving New York the lowest turnover rate of any city on our list.
* Los Angeles, California, ranks highest for entrepreneurs: This is based on percentage of total employment (15.63%). However, the city has the third lowest net business opening rate.”
To view the ranking and get detailed data on entry and exit rates, job creation, start-up employment and GDP growth in nearly 50 U.S. metropolitan areas, Click here.
DON’T MISS: DON’T MISS: RANKING: THE WORLD’S BEST MBA PROGRAMS FOR ENTREPRENEURSHIP IN 2024
