“We’re seeing heavy emphasis in the type of work a consulting firm offers being weighed as heavily as other decision factors like firm culture – if not more so – when consultants are accepting a job offer, says Stephan Maldonado. The accelerated pace is one advantage that boutiques will continue to hold over larger do-it-all consulting firms. There is transparency on earnings bands by level, and bonuses are all but guaranteed.” Though the entry-level starts at market rates, the quick timelines to promotions means your salary rises substantially in short period of time – in-line with your development. This approach also leads to higher payouts sooner, adds another survey respondent. This is excellent for our firm, and also great for each individual’s personal and professional development.” “We have a number of very young principals in the leadership and manager cohort. “ClearView truly promotes based on merit, often pushing people who are strong through the ranks very quickly,” writes one consultant. According to survey respondents, the firm’s biggest attraction is a fast-track career pathing. That can be tough on a firm like Clearview Healthcare Partners, where consultants thrive in a home-based environment with limited travel obligations. In other words, boutiques will remain the perennial outsiders with Prestige’s 30% weight acting as an albatross. Simple: It doesn’t even rank among the Top 50 firms for Prestige, an oversight that also tamps down the ranking of the remaining Top 5 boutiques (ghSMART, Insight Sourcing, Putnam, and The Keystone Group). Why is Clearview Healthcare Partners competing more with Putnam than McKinsey. Chiefly, it ranked #2 in four categories (Innovation, Interaction with Clients, Promotion Policies, and Relationships with Supervisors) and #3 in five categories (Exit Opportunities, Formal Training, Internal Mobility, Satisfaction, and Travel Requirements). Sure enough, the firm’s rankings in Quality of Life and Work set it apart. These include Culture (Keystone Group), Formal Training (Health Advances), Hours (Eagle Hill), Client Interaction (ghSMART), Ability to Challenge (ghSMART), Overall Satisfaction (ghSMART), Travel (Putnam), and Work-Life Balance (Insight Sourcing Group).Īmong boutiques, Clearview Healthcare Partners led the pack, surging from 15th to 1st (along with climbing from 24th to 13th in the overall ranking). This is particularly true in Quality of Life and Work measures, where a boutique tops the list in eight categories. Boutique firms have increasingly gone toe-to-toe with large firms in recent years.
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