How Accenture Was Excluded From Vault’s 2021 Top 50 Rankings (2024)

FAQs

How Accenture Was Excluded From Vault’s 2021 Top 50 Rankings? ›

Some sources suggest that Accenture requested to be removed from the rankings. There has been no official statement from Vault or Accenture on the issue.

Though Bain and BCG took the top two spots, McKinsey was missing from the 2024 list. According to Vault's participation policy, “Some years, firms choose not to participate, for whatever reason, which may explain why they don't appear in the Consulting 50 or Quality of Life Rankings.”

In 2022, Ethisphere Institute recognized Accenture for the 15th time. Fortune magazine named Accenture one of the 100 Best Companies to Work For from 2009 to 2022; rating it sixth in 2022. In 2021, Accenture was ranked No. 258 on the Fortune Global 500 list.

Accenture ranked highest in both Vision & Capability and Market Impact. The evaluation covers Digital Consulting, Application, Infrastructure, Digital and platform services.

Deloitte was ranked the #1 Most Prestigious Accounting Firm and #2 overall on the list of Top Accounting Firms on the 2024 Vault Accounting 25 list.

McKinsey is under criminal investigation in the United States over allegations that the consulting firm played a key role in fueling the opioid epidemic, with federal prosecutors homing in on its work advising the OxyContin maker Purdue Pharma and other drugmakers, three people familiar with the matter said.

MBB firms have much higher prestige scores (vault 2023)

While McKinsey reaches the score of 9, Bain and BCG are both above the score of 8.9; the highest score of the Big 4 group is only above 7.1.

The highest-paying job at Accenture is a Team Lead-HR with a salary of ₹1,00,01,000 per year (estimate). What is the lowest salary at Accenture? The lowest-paying job at Accenture is a Commercial Loan Review Manager with a salary of ₹20,006 per year (estimate).

By all accounts, Accenture is a prestigious firm that offers interesting work and a notable brand name – not at the level of the MBB firms, but in the tier below nonetheless.

Is Accenture as good as McKinsey? ›

McKinsey & Company scored higher in 4 areas: Overall Rating, Senior Management, Compensation & Benefits and Career Opportunities. Accenture scored higher in 6 areas: Culture & Values, Diversity & Inclusion, Work-life balance, CEO Approval, Recommend to a friend and Positive Business Outlook.

Tier 2 consulting firms include Deloitte, Strategy& (PwC), LEK, Oliver Wyman, EY-Parthenon, Accenture, Kearney, and Roland Berger.

Deloitte scored higher in 6 areas: Overall Rating, Senior Management, Compensation & Benefits, Career Opportunities, CEO Approval and Positive Business Outlook. Accenture scored higher in 2 areas: Diversity & Inclusion and Work-life balance. Both tied in 2 areas: Culture & Values and Recommend to a friend.

Deloitte ended PwC's 14-year streak of being the most prestigious firm in Vault's 2024 ranking, which was released in April of last year.

NEW YORK, NY, USA, 22 July 2024—For the seventh consecutive year and the twelfth time in total, Deloitte has been ranked No. 1 by revenue according to Gartner in its report, Gartner Market Share Analysis: Consulting Services, Worldwide, 2023.

“McKinsey had long profited from government contracts without accepting the responsibility to account for how it spent the public's money. In the United States, its prestige and political connections, as well as the country's favorable regulatory laws, often insulated the firm from questions about those contracts.

McKinsey's reputation has taken a hit in recent years.

Sneader had to apologize for the consulting firm's work with a state-owned power provider in South Africa, which was enmeshed in a corruption scandal that brought down the country's president.

McKinsey, a major management consulting firm, is planning to lay off hundreds of staff as the consulting industry faces weaker demand for its services.

McKinsey's survey showed that the top reason for quitting a previous job is a lack of career development and advancement. Having bad managers also drives people away, with 34% of more than 13,000 respondents stating that having uncaring and uninspiring leaders was why they left.