Consulting is considered to be one of the most advanced areas in the professional services industry and continues to grow. The industry is largely dominated by internationally established players. Statista estimates that the top 100 global consulting firms generated revenues of approximately $47 billion and employed approximately 400,000 people in 2022). The number of large companies in the management & consulting industry is an indicator of the overall economic performance of that sector. Not only do these companies provide jobs for the local markets, but they are also able to achieve success in global markets, thus generating greater value.
In order to provide a better overview of this large market with numerous different players and to provide guidance for potential clients, Forbes and Statista have joint forces to create a top list featuring the best globally active management consulting firms. The top list is sorted by 13 industries and 15 functional areas. On top of that, Statista and Forbes recognize the best consulting networks. A total of 227 management consultancies and 9 consulting networks are awarded. The top list is based on the results of national surveys conducted by Statista among consultants (partners and managers of consulting firms) and clients (executives) in Germany, the United Kingdom and the United States, as well as on a global survey conducted in 29 countries covering all continents.