Revenue of Boston Consulting Group worldwide 2015-2023

The global revenue of Boston Consulting Group increased annually between 2015 and 2023. In 2023, the U.S. management consulting firm reported roughly 12 billion U.S. dollars in revenue worldwide, up from 11.7 billion U.S. dollars in the previous year.

The Big Three consulting firms

The Big Three consulting firms, also abbreviated to the acronym MBB, are McKinsey & Company, Boston Consulting Group, and Bain & Company. These three firms have been consistently ranked in the top three management consulting firms by revenue in an industry with a global market size predicted to reach over 1.3 trillion U.S. dollars by 2026. Furthermore, they have frequently landed as the top three best-rated consulting firms to work for in the United States. This has translated to high job retention, with the number of employees working for the Boston Consulting Group increasing significantly year-on-year since 2015.

Management consulting industry

In the United States alone, the total number of employees involved in management consulting businesses reached over two million people in 2022. The industry has remained an attractive prospect for university graduates, with the annual salary at any of the Big Three consulting firms not falling below 110,000 U.S. dollars for this demographic. This was significantly higher than the average annual wage in the United States amongst all full-time equivalent employees.