Connect with us

International

The Best Consulting Firms To Work For In Europe And Asia-Pacific

Vault releases European & Asia-Pacific consulting firm rankings for 2021 – McKinsey is no. 1 in both regions Q3 2020 hedge fund letters, conferences and more Bain employees are the most satisfied in Asia; newcomer Blue Matter Consulting ranks no….

Published

on

Consulting Firms

Vault releases European & Asia-Pacific consulting firm rankings for 2021 – McKinsey is no. 1 in both regions

Get The Full Ray Dalio Series in PDF

Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

Q3 2020 hedge fund letters, conferences and more

Bain employees are the most satisfied in Asia; newcomer Blue Matter Consulting ranks no. 1 in Europe for compensation, satisfaction, work/life balance, and more

The Best Consulting Firms To Work For

New York, NY (Tuesday, January 19, 2021) Vault.com, the top career intelligence platform, has released its annual ranking of the Best Consulting Firms to Work For in Europe and Asia-Pacific. The Consulting Rankings highlight the best firms in these regions across 39 categories and include the overall Top Consulting Firms in Europe and Asia-Pacific, as well as the Most Prestigious Consulting Firms, the Best Consulting Firms in Each Practice Area, and the Best Consulting Firms to Work For in key employment factors, including compensation, work/life balance, corporate culture, and more for each region.

Over the course of this past year, beginning at the onset of the coronavirus pandemic and extending into the fall, Vault worked closely with more than 130 of the world’s top consulting firms to coordinate the distribution of our annual survey to employees around the world. Despite the unprecedented global upheaval, more than 16,000 consulting professionals participated in our survey across North America; Europe, the Middle East, and Africa (EMEA); Asia-Pacific (APAC); and Latin America. Almost 5,000 consultants participated in EMEA and APAC. Their responses form the basis of our Europe and Asia-Pacific rankings.

These consultants’ invaluable insights give jobseekers an insider’s perspective when researching their next career move. Every year, we ask employees to rate their own firms on a scale of 1 to 10 based on firm culture, compensation, work/life balance, overall business outlook, satisfaction, and other employment factors. We also asked consultants to rate the prestige of peer firms and to select the strongest firms in more than a dozen specific practice areas; for the prestige and practice area rankings, consultants were unable to rate or vote for their own firms. The Vault Consulting 25 Europe and Consulting 15 Asia-Pacific rankings are based on a weighted formula that combines each firm’s prestige rating with its scores in several key employment factors to come up with an overall list of the Best Consulting Firms to Work For.

The Top 5 Consulting Firms in Europe are:

  1. McKinsey & Company
  2. Bain & Company
  3. Roland Berger
  4. Oliver Wyman
  5. Strategy&

The Top 5 Consulting Firms in Asia-Pacific are:

  1. McKinsey & Company
  2. Bain & Company
  3. Roland Berger
  4. Oliver Wyman
  5. Kearney

McKinsey & Company Tops The List

McKinsey & Company is No. 1 this year in both Europe and Asia-Pacific. The firm also ranks No. 1 in both regions for multiple employment factors, including Firm Leadership, Firm Culture, Exit Opportunities, International Opportunities, and Overall Business Outlook. Says one employee in one of McKinsey’s European offices, “Come with a vision of what you want to get out of McKinsey: the skills you want to acquire, the clients you want to serve, the geographies you want to experience, the people you want to help develop as leaders. The opportunities afforded by the firm are effectively limitless.”

Bain & Company ranks No. 2 in Europe and Asia-Pacific. It is No. 1 in Europe for Promotion Policies and takes the top spot in Asia-Pacific for Training (both Formal and Informal) and overall Satisfaction. One employee in the Asia-Pacific region praises Bain’s “excellent training programs and strong mentorship culture” as well as the firm’s “very diverse and inclusive workplace.” Another employee in the region cites an “outstanding apprenticeship model [where] people are given all the opportunities and responsibilities that they can handle.”

Roland Berger rounds out the Top 3 in both Europe and Asia-Pacific rankings. In Europe, the firm performs well in several practice areas, including Energy Consulting (No. 4) and Strategy Consulting (No. 5). As one employee in the region told us, “At Roland Berger, you have the chance to work in a fast-paced, challenging environment with continuous learning opportunities…you work with people of diverse backgrounds and from different offices…Employees are rewarded based on merit (i.e. high performers are promoted faster).” The firm’s Asia-Pacific presence is distinguished by strong performance in various employment factors, including Innovation (No. 2), Satisfaction (No. 2), Exit Opportunities (No. 3), and Benefits (No. 3).

The Most Prestigious Consulting Firms

There aren’t often surprises in the ranking of the most prestigious consulting firms, and understandably so. This held true in this year’s North American rankings, and it holds true for both the European and Asia-Pacific rankings, which saw only one firm move into the Top 5 in one region (Roland Berger Europe).

Consultants who participate in our survey are not allowed to rate the prestige of their own firms; they can only rate their peers. The firms that rank are often the standard-bearers of the consulting industry—those global juggernauts whose influence and renown all but ensure near-universal name recognition.

The 5 Most Prestigious Consulting Firms in Europe are:

  1. McKinsey & Company
  2. Boston Consulting Group
  3. Bain & Company
  4. Oliver Wyman
  5. Roland Berger

The 5 Most Prestigious Consulting Firms in Asia-Pacific are:

  1. McKinsey & Company
  2. Boston Consulting Group
  3. Bain & Company
  4. Kearney
  5. Deloitte (Consulting Practice)

Below are the rest of our Consulting Rankings for Europe and Asia-Pacific, along with the firms that rank No. 1 in each (categories marked with an asterisk are new to this year’s rankings).

Vault Ranks the Best Consulting Firms in Each Practice Area for Europe and Asia-Pacific

Practice Area No. 1 in Europe No. 1 in Asia-Pacific
Data Analytics* Accenture IQVIA
Economic McKinsey & Company NERA Economic Consulting
Energy Boston Consulting Group McKinsey & Company
Environmental Sustainability* Boston Consulting Group Sia Partners
Financial McKinsey & Company McKinsey & Company
Health Care Boston Consulting Group Kx Advisors
Human Resources Korn Ferry Aon
IT Operations Accenture Accenture
IT Strategy Accenture Accenture
Management Boston Consulting Group Boston Consulting Group
Operations Boston Consulting Group Boston Consulting Group
Pricing, Sales & Marketing Simon-Kucher & Partners Simon-Kucher & Partners
Retail Boston Consulting Group Boston Consulting Group
Strategy Boston Consulting Group McKinsey & Company
Technology, Media & Telecommunications McKinsey & Company Boston Consulting Group | McKinsey & Company (tie)

 

Vault Ranks the Best Consulting Firms to Work For by Employment Factor for Europe and Asia-Pacific

Employment Factor No. 1 in Europe No. 1 in Asia-Pacific
Benefits McKinsey & Company McKinsey & Company
Compensation Blue Matter Consulting McKinsey & Company
Diversity McKinsey & Company McKinsey & Company
Exit Opportunities McKinsey & Company McKinsey & Company
Firm Culture McKinsey & Company McKinsey & Company
Firm Leadership McKinsey & Company McKinsey & Company
Formal Training McKinsey & Company Bain & Company
Health & Wellness* Blue Matter Consulting McKinsey & Company
Hours in the Office Blue Matter Consulting McKinsey & Company
Informal Training Kearney Bain & Company
Innovation Whiteshield Partners McKinsey & Company
Interaction with Clients McKinsey & Company McKinsey & Company
Internal Mobility McKinsey & Company McKinsey & Company
International Opportunities McKinsey & Company McKinsey & Company
Level of Challenge McKinsey & Company McKinsey & Company
Overall Business Outlook McKinsey & Company McKinsey & Company
Promotion Policies Bain & Company McKinsey & Company
Relationships with Supervisors McKinsey & Company McKinsey & Company
Satisfaction Blue Matter Consulting Bain & Company
Selectivity McKinsey & Company McKinsey & Company
Travel Requirements Blue Matter Consulting McKinsey & Company
Work/Life Balance Blue Matter Consulting McKinsey & Company

Vault Expands Its Footprint to Latin America and the Caribbean

This year, for the first time, we also surveyed professionals at the top consulting firms with a presence in Latin America and the Caribbean so that we can continue delivering the invaluable insights that experienced and aspiring consultants have come to rely on—on a truly global scale. Almost 600 employees at McKinsey & Company, Bain & Company, Alvarez & Marsal, Oliver Wyman, and more participated in the region. Our hope in the coming years is to grow engagement enough to release rankings of the Best Consulting Firms to Work For in Latin America and the Caribbean.

View the complete Vault Consulting Rankings for North America, Europe, and Asia-Pacific.

Vault.com also features a web portal to help consulting professionals research hundreds of firms through employee reviews, firm perspectives, Q&As, and more at https://www.vault.com/best-consulting-firms. We recently published the Vault Guide to Case Interviews, Ninth Edition, which provides an inside perspective on what recruiters and interviewers expect from candidates as well as key business frameworks and more than 50 sample cases, guesstimates, and brainteasers likely to come up in an interview.


About Vault Career Intelligence

Vault, an Infobase Company, is the most comprehensive resource for employer, university, and firm program rankings, ratings, and insights. Vault’s influential rankings and reviews are sourced from directed surveys of professionals and students, and evaluate companies, schools, and internships in terms of prestige, best place to work, diversity, quality of life, compensation, and other categories. Vault offers strategic content and digital tools to help career searchers research employers, industries, interviews, and available jobs and firms. In addition, Vault partners with employers to help build their brands and assist with recruiting efforts, as well as with universities to help their students with employment placement and career selection.

The post The Best Consulting Firms To Work For In Europe And Asia-Pacific appeared first on ValueWalk.

Read More

Continue Reading

International

Analyst reviews Apple stock price target amid challenges

Here’s what could happen to Apple shares next.

Published

on

They said it was bound to happen.

It was Jan. 11, 2024 when software giant Microsoft  (MSFT)  briefly passed Apple  (AAPL)  as the most valuable company in the world.

Microsoft's stock closed 0.5% higher, giving it a market valuation of $2.859 trillion. 

It rose as much as 2% during the session and the company was briefly worth $2.903 trillion. Apple closed 0.3% lower, giving the company a market capitalization of $2.886 trillion. 

"It was inevitable that Microsoft would overtake Apple since Microsoft is growing faster and has more to benefit from the generative AI revolution," D.A. Davidson analyst Gil Luria said at the time, according to Reuters.

The two tech titans have jostled for top spot over the years and Microsoft was ahead at last check, with a market cap of $3.085 trillion, compared with Apple's value of $2.684 trillion.

Analysts noted that Apple had been dealing with weakening demand, including for the iPhone, the company’s main source of revenue. 

Demand in China, a major market, has slumped as the country's economy makes a slow recovery from the pandemic and competition from Huawei.

Sales in China of Apple's iPhone fell by 24% in the first six weeks of 2024 compared with a year earlier, according to research firm Counterpoint, as the company contended with stiff competition from a resurgent Huawei "while getting squeezed in the middle on aggressive pricing from the likes of OPPO, vivo and Xiaomi," said senior Analyst Mengmeng Zhang.

“Although the iPhone 15 is a great device, it has no significant upgrades from the previous version, so consumers feel fine holding on to the older-generation iPhones for now," he said.

A man scrolling through Netflix on an Apple iPad Pro. Photo by Phil Barker/Future Publishing via Getty Images.

Future Publishing/Getty Images

Big plans for China

Counterpoint said that the first six weeks of 2023 saw abnormally high numbers with significant unit sales being deferred from December 2022 due to production issues.

Apple is planning to open its eighth store in Shanghai – and its 47th across China – on March 21.

Related: Tech News Now: OpenAI says Musk contract 'never existed', Xiaomi's EV, and more

The company also plans to expand its research centre in Shanghai to support all of its product lines and open a new lab in southern tech hub Shenzhen later this year, according to the South China Morning Post.

Meanwhile, over in Europe, Apple announced changes to comply with the European Union's Digital Markets Act (DMA), which went into effect last week, Reuters reported on March 12.

Beginning this spring, software developers operating in Europe will be able to distribute apps to EU customers directly from their own websites instead of through the App Store.

"To reflect the DMA’s changes, users in the EU can install apps from alternative app marketplaces in iOS 17.4 and later," Apple said on its website, referring to the software platform that runs iPhones and iPads. 

"Users will be able to download an alternative marketplace app from the marketplace developer’s website," the company said.

Apple has also said it will appeal a $2 billion EU antitrust fine for thwarting competition from Spotify  (SPOT)  and other music streaming rivals via restrictions on the App Store.

The company's shares have suffered amid all this upheaval, but some analysts still see good things in Apple's future.

Bank of America Securities confirmed its positive stance on Apple, maintaining a buy rating with a steady price target of $225, according to Investing.com

The firm's analysis highlighted Apple's pricing strategy evolution since the introduction of the first iPhone in 2007, with initial prices set at $499 for the 4GB model and $599 for the 8GB model.

BofA said that Apple has consistently launched new iPhone models, including the Pro/Pro Max versions, to target the premium market. 

Analyst says Apple selloff 'overdone'

Concurrently, prices for previous models are typically reduced by about $100 with each new release. 

This strategy, coupled with installment plans from Apple and carriers, has contributed to the iPhone's installed base reaching a record 1.2 billion in 2023, the firm said.

More Tech Stocks:

Apple has effectively shifted its sales mix toward higher-value units despite experiencing slower unit sales, BofA said.

This trend is expected to persist and could help mitigate potential unit sales weaknesses, particularly in China. 

BofA also noted Apple's dominance in the high-end market, maintaining a market share of over 90% in the $1,000 and above price band for the past three years.

The firm also cited the anticipation of a multi-year iPhone cycle propelled by next-generation AI technology, robust services growth, and the potential for margin expansion.

On Monday, Evercore ISI analysts said they believed that the sell-off in the iPhone maker’s shares may be “overdone.”

The firm said that investors' growing preference for AI-focused stocks like Nvidia  (NVDA)  has led to a reallocation of funds away from Apple. 

In addition, Evercore said concerns over weakening demand in China, where Apple may be losing market share in the smartphone segment, have affected investor sentiment.

And then ongoing regulatory issues continue to have an impact on investor confidence in the world's second-biggest company.

“We think the sell-off is rather overdone, while we suspect there is strong valuation support at current levels to down 10%, there are three distinct drivers that could unlock upside on the stock from here – a) Cap allocation, b) AI inferencing, and c) Risk-off/defensive shift," the firm said in a research note.

Related: Veteran fund manager picks favorite stocks for 2024

Read More

Continue Reading

International

Major typhoid fever surveillance study in sub-Saharan Africa indicates need for the introduction of typhoid conjugate vaccines in endemic countries

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high…

Published

on

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

Credit: IVI

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

 

The findings from this 4-year study, the Severe Typhoid in Africa (SETA) program, offers new typhoid fever burden estimates from six countries: Burkina Faso, Democratic Republic of the Congo (DRC), Ethiopia, Ghana, Madagascar, and Nigeria, with four countries recording more than 100 cases for every 100,000 person-years of observation, which is considered a high burden. The highest incidence of typhoid was found in DRC with 315 cases per 100,000 people while children between 2-14 years of age were shown to be at highest risk across all 25 study sites.

 

There are an estimated 12.5 to 16.3 million cases of typhoid every year with 140,000 deaths. However, with generic symptoms such as fever, fatigue, and abdominal pain, and the need for blood culture sampling to make a definitive diagnosis, it is difficult for governments to capture the true burden of typhoid in their countries.

 

“Our goal through SETA was to address these gaps in typhoid disease burden data,” said lead author Dr. Florian Marks, Deputy Director General of the International Vaccine Institute (IVI). “Our estimates indicate that introduction of TCV in endemic settings would go to lengths in protecting communities, especially school-aged children, against this potentially deadly—but preventable—disease.”

 

In addition to disease incidence, this study also showed that the emergence of antimicrobial resistance (AMR) in Salmonella Typhi, the bacteria that causes typhoid fever, has led to more reliance beyond the traditional first line of antibiotic treatment. If left untreated, severe cases of the disease can lead to intestinal perforation and even death. This suggests that prevention through vaccination may play a critical role in not only protecting against typhoid fever but reducing the spread of drug-resistant strains of the bacteria.

 

There are two TCVs prequalified by the World Health Organization (WHO) and available through Gavi, the Vaccine Alliance. In February 2024, IVI and SK bioscience announced that a third TCV, SKYTyphoid™, also achieved WHO PQ, paving the way for public procurement and increasing the global supply.

 

Alongside the SETA disease burden study, IVI has been working with colleagues in three African countries to show the real-world impact of TCV vaccination. These studies include a cluster-randomized trial in Agogo, Ghana and two effectiveness studies following mass vaccination in Kisantu, DRC and Imerintsiatosika, Madagascar.

 

Dr. Birkneh Tilahun Tadesse, Associate Director General at IVI and Head of the Real-World Evidence Department, explains, “Through these vaccine effectiveness studies, we aim to show the full public health value of TCV in settings that are directly impacted by a high burden of typhoid fever.” He adds, “Our final objective of course is to eliminate typhoid or to at least reduce the burden to low incidence levels, and that’s what we are attempting in Fiji with an island-wide vaccination campaign.”

 

As more countries in typhoid endemic countries, namely in sub-Saharan Africa and South Asia, consider TCV in national immunization programs, these data will help inform evidence-based policy decisions around typhoid prevention and control.

 

###

 

About the International Vaccine Institute (IVI)
The International Vaccine Institute (IVI) is a non-profit international organization established in 1997 at the initiative of the United Nations Development Programme with a mission to discover, develop, and deliver safe, effective, and affordable vaccines for global health.

IVI’s current portfolio includes vaccines at all stages of pre-clinical and clinical development for infectious diseases that disproportionately affect low- and middle-income countries, such as cholera, typhoid, chikungunya, shigella, salmonella, schistosomiasis, hepatitis E, HPV, COVID-19, and more. IVI developed the world’s first low-cost oral cholera vaccine, pre-qualified by the World Health Organization (WHO) and developed a new-generation typhoid conjugate vaccine that is recently pre-qualified by WHO.

IVI is headquartered in Seoul, Republic of Korea with a Europe Regional Office in Sweden, a Country Office in Austria, and Collaborating Centers in Ghana, Ethiopia, and Madagascar. 39 countries and the WHO are members of IVI, and the governments of the Republic of Korea, Sweden, India, Finland, and Thailand provide state funding. For more information, please visit https://www.ivi.int.

 

CONTACT

Aerie Em, Global Communications & Advocacy Manager
+82 2 881 1386 | aerie.em@ivi.int


Read More

Continue Reading

International

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

Earlier today, CNBC’s…

Published

on

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever... And Debt Explodes

Earlier today, CNBC's Brian Sullivan took a horse dose of Red Pills when, about six months after our readers, he learned that the US is issuing $1 trillion in debt every 100 days, which prompted him to rage tweet, (or rageX, not sure what the proper term is here) the following:

We’ve added 60% to national debt since 2018. Germany - a country with major economic woes - added ‘just’ 32%.   

Maybe it will never matter.   Maybe MMT is real.   Maybe we just cancel or inflate it out. Maybe career real estate borrowers or career politicians aren’t the answer.

I have no idea.  Only time will tell.   But it’s going to be fascinating to watch it play out.

He is right: it will be fascinating, and the latest budget deficit data simply confirmed that the day of reckoning will come very soon, certainly sooner than the two years that One River's Eric Peters predicted this weekend for the coming "US debt sustainability crisis."

According to the US Treasury, in February, the US collected $271 billion in various tax receipts, and spent $567 billion, more than double what it collected.

The two charts below show the divergence in US tax receipts which have flatlined (on a trailing 6M basis) since the covid pandemic in 2020 (with occasional stimmy-driven surges)...

... and spending which is about 50% higher compared to where it was in 2020.

The end result is that in February, the budget deficit rose to $296.3 billion, up 12.9% from a year prior, and the second highest February deficit on record.

And the punchline: on a cumulative basis, the budget deficit in fiscal 2024 which began on October 1, 2023 is now $828 billion, the second largest cumulative deficit through February on record, surpassed only by the peak covid year of 2021.

But wait there's more: because in a world where the US is spending more than twice what it is collecting, the endgame is clear: debt collapse, and while it won't be tomorrow, or the week after, it is coming... and it's also why the US is now selling $1 trillion in debt every 100 days just to keep operating (and absorbing all those millions of illegal immigrants who will keep voting democrat to preserve the socialist system of the US, so beloved by the Soros clan).

And it gets even worse, because we are now in the ponzi finance stage of the Minsky cycle, with total interest on the debt annualizing well above $1 trillion, and rising every day

... having already surpassed total US defense spending and soon to surpass total health spending and, finally all social security spending, the largest spending category of all, which means that US debt will now rise exponentially higher until the inevitable moment when the US dollar loses its reserve status and it all comes crashing down.

We conclude with another observation by CNBC's Brian Sullivan, who quotes an email by a DC strategist...

.. which lays out the proposed Biden budget as follows:

The budget deficit will growth another $16 TRILLION over next 10 years. Thats *with* the proposed massive tax hikes.

Without them the deficit will grow $19 trillion.

That's why you will hear the "deficit is being reduced by $3 trillion" over the decade.

No family budget or business could exist with this kind of math.

Of course, in the long run, neither can the US... and since neither party will ever cut the spending which everyone by now is so addicted to, the best anyone can do is start planning for the endgame.

Tyler Durden Tue, 03/12/2024 - 18:40

Read More

Continue Reading

Trending