Top 8 Financial Consulting Firms In the World

It can be challenging to choose a career path for financial professionals because there are so many various types of them. These include fiduciaries, wealth managers, investment advisors, financial consultants, and financial planners. There are numerous titles and credentials in finance, but you know you want to work with money and help people make more of it. To help people and businesses manage a wide range of complex financial problems, you must first understand what they all mean and what kind of knowledge you’ll need. The financial services industry is one of the most competitive and dynamic industries in the world. The top financial consulting firms in the world play a vital role in this landscape by providing clients with cutting-edge advisory, strategy development, and implementation, risk management, and compliance services.  We looked at several factors when evaluating each firm including revenue growth (expected), the percentage of new clients acquired by that firm in that 12-month period (overall performance), the average number of employees per office location (efficiency), average salary paid per employee (cost structure) – plus much more!

Financial Consulting Firms In the World

What Does a Financial Consultant Do and How to Become One?

Certified Financial Consultants offer financial advice to big businesses, governmental organizations, and private clients. A financial consultant’s job is to offer an unbiased assessment of a suggested business strategy or choice. Financial consulting comes in two primary flavors: business and personal.

A business financial consultant is retained by businesses that need assistance with accounting, finance, insurance, and other financial matters. Financial consultants handle investments, real estate holdings, and long-term financial goals for individual clients. The client expectations as well as the abilities needed for these two professions vary slightly.

Upon passing a test and an educational program, one can get the professional designation of Certified Financial Consultant (CFC) from The Institute of Financial Consultants. A position in this industry requires this internationally recognized qualification, which also serves as a crucial professional credential. To stay current on the most recent theories and business practices, CFCs are obliged to undergo professional development courses annually.

A specific idea or notion that the customer wants an unbiased opinion about is what drives a business financial consulting contract. The consultant’s job is to evaluate the suggested plan and point out its advantages and disadvantages. Additionally, they are anticipated to offer guidance on risk management, upcoming legislative changes, market trends, and long-term viability.

Experience in accounting, finance, insurance, and business management are prerequisite for this kind of work. Prior to becoming consultants, individuals typically had ten to fifteen years of relevant work experience in a variety of similar roles. These encounters enrich and broaden our perspectives.

People with substantial financial resources and a sophisticated investment portfolio typically need personal financial consulting services. These services include long-term planning, risk assessment, income management, tax planning, and investment advising. To get the most advantage with the least amount of risk, these concerns need to be actively addressed by a professional.

Financial planning and accounting are typical backgrounds for consultants in this field. It’s crucial to have a transparent assessment and communication procedure, as well as at least five years of expertise in managing personal finances. Even though some businesses provide estate planning services, you should always speak with a lawyer to avoid any concerns for your beneficiaries. There are many prospects for employment, career progression, and professional development in financial consulting. Investigate consulting as a career option if you’re interested in a career in finance.

What Distinctions Exist between Financial Advisors and Consultants?

The response varies depending on who you ask. Financial advisers and consultants both do things extremely differently, according to some sources, while others contend there isn’t any difference at all between these experts’ methods of financial planning.

In particular, according to some experts, the duration of the ties that financial consultants and financial advisers have with their clients is a key distinction between them. Once the challenges have been resolved, clients and consultants part ways. Clients work with consultants to handle extremely specific, time-limited issues. On the other hand, advisors work with individuals and families over a long period of time, managing their finances in the present and assisting them with future planning. In this strategy, advisors examine customers’ finances more thoroughly than consultants do.

The focus and strategy used by financial consultants and advisors likely differ more amongst professionals than between professions in actuality. Both long-term wealth-building consultants and advisers as well as consultants and advisors that assist clients in achieving more narrow financial objectives, such as saving for a down payment or creating an investing plan, are available.

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The Top Financial Consulting Firms in the World:

1. McKinsey & Company

McKinsey & Company is a global management consulting firm and one of the top financial consulting firms in the world. It was founded in 1926, and today has more than 90 offices in 60 countries around the world. The company has more than 100,000 employees worldwide who work on behalf of its clients to help them solve business problems and improve their performance.

McKinsey’s approach to finance is known for its thorough analysis and objective advice on how to make better decisions about your finances (or how to get out of debt). This can be especially helpful if you’re looking for advice from someone who knows what they’re doing when it comes to personal finance issues like investing or taking care of your home loan repayments

Among the Many Services the Business Provides Are the Following:

  • Financial strategy and business transformation.
  • Innovation and change management.
  • Sales and marketing effectiveness.
  • Information technology strategy, architecture, development, and operations.
  • Human capital practices.

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2. Ernst & Young:

  • Ernst & Young is a global professional services firm and one of the top financial consulting firms in the world with operations in more than 150 countries. The firm provides audit, tax, and advisory services to public and private clients spanning multiple industries.
  • Ernst & Young was founded in 1849 by William Welch and James Spedding in London for the purpose of auditing the financial statements of companies within its group. In those days, there were few avenues for accountants to provide such services—so they started their own businesses instead!
  • Today, Ernst & Young continues to be one of the world’s most respected accounting firms—and it has been an official member since 1916 (when it became an affiliate member).

Ernst & Young’s heritage has helped it to become one of the world’s most respected professional services firms. The firm has been providing audit, tax, and advisory services for more than 150 years and currently employs over 200,000 people in more than 700 offices across the globe.

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3. Bain and Company:

Bain and Company are a global management consulting firm and one of the top financial consulting firms in the world that specializes in strategy and management consulting. It was founded in 1973 by Bill Bain, who had previously worked for General Electric. It has four core services: strategy, operations, technology, and innovation. And also, the company has over 2,000 employees worldwide and offices in 40 countries.

Bain’s main areas of expertise include private equity investments, mergers & acquisitions (M&A), sales & marketing strategies, board development & succession planning; they also provide industry-specific services including healthcare services firms like hospitals or clinics as well as investment banks like Goldman Sachs Group Inc (NYSE: GS). The company has over $4 billion in revenue annually which makes it one of the largest financial consulting firms globally

4. Boston Consulting Group:

Boston Consulting Group (BCG) is a management consulting firm and one of the top financial consulting firms in the world that was founded in 1963. The firm has offices around the world, with headquarters in Boston and Los Angeles.

The company employs over 15,000 people globally and provides services such as strategy consulting, operations and technology consulting, and marketing & analytics services. It has also been ranked #1 by Vault in 2019 and 2020 respectively

In addition, BCG also offers industry-focused solutions such as health care, technology, and financial services. The company has offices in over 70 countries around the world including the United States, Europe, and Asia.


5. PricewaterhouseCoopers

PwC is the second-largest professional services firm in the world and one of the top financial consulting firms in the world and has over 700 offices in 150 countries. It was named one of Business Insider’s 100 Best Workplaces for 2019, as well as being ranked #1 on Glassdoor’s Employees’ Choice Awards for Large Companies. The company also won two different awards from Forbes magazine: #2 for best employer brand and #3 for best company culture overall.

In addition to being recognized as one of America’s most admired companies, PwC also boasts an impressive record when it comes to diversity: despite only representing about 1% of its workforce (and less than 2% globally), women makeup 40% of board members and over half these women are black or Hispanic individuals who hold leadership positions within this organization.

PwC has been at the forefront of the movement to increase diversity and inclusion, from developing its own internal programs to supporting external organizations like Women in Technology International (WITI) and Black Girls Code.It has emerged as one of the top financial consulting firms in the world. The company even gets involved with local communities by sponsoring events such as Habitat for Humanity’s Home Builders Blitz Weekend and the American Cancer Society’s Relay for Life.

In recent years, PricewaterhouseCoopers has been in negotiation with India to establish a more formal presence there. While the firm currently operates on a low-key level in the country, it’s clear that PwC would like to scale up its operations as soon as possible. The firm also wants to attract talented individuals from India who might not be interested in moving abroad for employment opportunities.

6. Mercer Investments

Mercer Investments is a global investment management firm and one of the top financial consulting firms in the world that provides investment advisory and strategic asset management services to institutional and high-net-worth clients in the United States, Canada, and Europe. It also offers financial services to individuals, institutions, and corporations. They have a long history of providing sound financial advice and helping their clients achieve their goals. Mercer Investments is committed to helping people make informed decisions about their investments, by providing the latest information on markets and trends. Their team of experienced professionals is dedicated to helping clients make the best investment decisions for their future. With Mercer Investments, you can be assured that your money is in safe hands.

Founded in New York City in 1950 by Claire A. Mercer, the company has grown to become one of the largest independent investment firms with $22 billion under management as of 2018.

7. Deloitte Consulting

Deloitte Consulting is one of the leading financial consultancy firms in the world and one of the top financial consulting firms in the world. With its extensive experience and expertise, it has been providing clients with tailored solutions to their financial challenges. It offers a wide range of services such as financial planning, risk management, strategic consulting, and portfolio management. It also provides advice on mergers and acquisitions, capital raising, corporate restructuring, and other business initiatives. Deloitte Consulting’s team of experienced professionals is dedicated to helping clients build long-term value for their businesses by providing them with timely insights into market trends and sound advice on how to best manage their finances. It is a subsidiary of Deloitte Touche Tohmatsu Limited, one of the largest professional services firms in the world. Deloitte Consulting has operations in more than 40 countries and employs over 38,000 people.

8. KPMG: (“Klynveld Peat Marwick Goerdeler”)

KPMG is a global network of professional services firms and one of the top financial consulting firms in the world providing audit, tax, and advisory services. With offices in 147 countries and over 219,000 employees worldwide, This network enables them to effectively solve the most complex problems faced by businesses of all sizes around the world. In addition, they are able to respond quickly when needed by drawing on the wide range of expertise available in their global network. There are no hard assets that would limit their ability to innovate

KPMG has a long history of providing high-quality services to its clients, from small businesses to large corporations. In this article, we will discuss some of the key features that make KPMG stand out as an industry leader in professional services.  

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How to Determine the Best Financial Consulting Firm for Your Business Needs?

When it comes to finding the best financial consulting firm for your business needs, it is essential to assess multiple factors. With the right financial advisor, you can make sound decisions on important issues such as budgeting, taxation, and investments. It is important to consider the experience and expertise of potential corporate finance advisors in order to identify which one is best suited for your specific needs. You should also look into their track record and research their credentials before making a decision. Additionally, you should also take into account their fee structure and customer service policies. By taking all these factors into consideration, you can ensure that you are selecting the right financial consultant for your business goals.

The Following Are Some of the Key Factors to Consider When Choosing a Financial Consulting Firm

Experience and Expertise  

One of the key factors that you should consider is their experience and expertise. You want someone with a lot of experience in their field, who has been through many situations, and who has done well for other companies. The consultants that you pick need to have an extensive background in accounting, finance, tax planning, investment planning, or similar fields before they can be considered for your business organization.

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Client Satisfaction 

Another factor that clients typically consider is whether or not the company provides excellent customer service and satisfaction. You want a business that is going to provide quality service, one that will answer all of your questions and concerns promptly, and one that will be friendly and helpful with anything you need.


The reputation of the company is something else to consider when you are looking for an accountant. A good reputation can show that the company has met its client’s expectations in the past by providing high-quality services, as well as keeping clients happy.

Good Price 

If a business provides a good price for their services, it is usually because they are offering lower commissions on their products which can add up to significant savings for you. Always ask about the cost of services before committing to them and find out if they have any discounts as well so you can see what your total cost will be.


 Quality is always an important factor when looking into accountants, but it depends on how much you value your time. If you want to make sure that your accountant is worth every penny, compare their quality against others in the area and find one that is recommended.

Different Types of Services Offered by Financial Consultants:

Financial consultants are invaluable assets when it comes to making sound financial decisions. They offer a range of services that can help individuals and businesses alike make the right financial choices. From providing advice on investments and retirement planning to helping with tax planning, they can provide a comprehensive suite of services that can help you reach your financial goals.

There are a number of different types of financial consulting services to choose from. All of these types offer solid advice and can help you reach your personal or business goals.

Tax Planning 

A tax consultant will work with you to develop an overall strategy to help lower your taxes while allowing you to maximize the amount of money put away for retirement. They will review the current state of your investments, payroll, and company structure in order to determine what parts can be changed or removed to lower taxes and increase savings for the future.

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Financial Review 

 A financial consultant can provide you with valuable insights into your current financial situation and suggest strategies to improve it. They can also help you set realistic goals, create a budget, and manage debt. With their guidance, you can make smarter decisions about how to use your money and make sure that it works for you in the long run.

Frequently Asked Questions

Q1. What are the benefits of working with top financial consulting firms in the world? 

Working with a top financial consulting firm can provide access to experienced and knowledgeable financial advisors, access to tailored financial strategies, and access to cutting-edge technology and tools.

Q2. What services do top financial consulting firms in the world typically offer?

Top financial consulting firms typically offer a range of services, including financial planning, investments, retirement planning, tax planning, estate planning, and business succession planning. 

Q3. How can a top financial consulting firm help me reach my financial goals?

A top financial consulting firm can provide tailored advice and guidance to help you reach your financial goals. They can provide advice on investments, retirement planning, tax planning, and more.

Q4. How do I know if a top financial consulting firm is reputable?

It is important to do your research when selecting a financial consulting firm. Look for firms that have been in business for a long time, have a good reputation, and are properly licensed. 

Q5. What are the fees associated with working with a top financial consulting firm?

Most top financial consulting firms will charge a fee for their services, which can be an hourly fee, a flat fee, or a percentage of assets under management. It is important to discuss fees before engaging with a firm.

Q6. How often will I be able to meet with my financial consultant?

The frequency of meetings with your financial consultant will depend on the services you require. Generally, you should be able to meet with your financial consultant at least once per quarter.

Q7. What should I expect from my initial consultation with a financial consulting firm?

During your initial consultation with a financial consulting firm, you should expect to discuss your financial goals and objectives, review your current financial situation, and discuss potential strategies.


Choosing the right financial consulting firm is essential for any business. With the right advice and guidance, companies can make informed decisions to ensure their success. There are several factors that must be taken into consideration when choosing a consultant firm, such as experience, reputation, cost, and specialization. It is important to understand the different types of consultants available and their respective areas of expertise in order to choose the best one for your needs. Additionally, it is important to research and compares different firms in order to select one that best meets your requirements. By taking these steps, you can be sure that you have access to the top financial consulting firms in the world and have chosen a consultant firm that will offer you the best guidance and services available. 

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