Vault Consulting 50
When it comes to choosing an employer, there is no question that
prestige is important. However, our survey data indicates time and
again that many other factors come into play when weighing a
choice--and even more affect employee satisfaction in the months
and years after the decision has been made.
Did you know that for more than 40% of consulting firm
candidates, firm culture was the most important factor in selecting
an employer? Other top factors include practice strength and
work-life balance, in addition to prestige and compensation.
But choosing an employer is only part of the equation--staying
there over a period of time is something else entirely. And while
elements like compensation and work-life balance remain important
as part of that picture, other factors such as satisfaction and the
ability to make career progress also emerge as critical
differentiators of top employers--and these factors change over
time as generations shift.
We continually monitor responses from the consultants we survey
to ensure that our ranking methodology accurately reflects the
concerns of the people currently employed in the industry.
In order to properly reflect a company's status as an employer
within the consulting industry, the Vault Consulting 50 for 2016 is
based on the following weighted formula:
30 percent prestige
15 percent satisfaction
15 percent compensation
10 percent firm culture
10 percent work-life balance
10 percent overall business outlook
5 percent promotion policies
5 percent ability to challenge
As ever, our survey is only open to consultants who are currently
employed at reputable firms in the industry. When rating quality of
life issues, consultants are only permitted to rate their own firm.
For prestige and practice area rankings, however, consultants are
only allowed to rate competitors, and NOT their own firms.