Best strategy firm for healthcare ?

Hey Omer,

Glad to hear your nobel interests :)

Yes, there are indeed firms that are aligned to your goals. So you have two options broadly speaking:

1) Firms that specialize purely in Healthcare: ZS Consulting and LEK Consulting are the two firms that come to mind. These firms started out as experts in the life sciences space and dominate life sciences, med-tech and other healthcare consulting spaces. They have eventually also branched out to other industries, but are very much still market leaders in Healthcare.

2) General consulting firms with a healthcare practice: These are all other major consulting firms like MBB, Strategy&, Kearney, Roland Berger, Oliver Wyman, etc. These have their spread over a bunch of industries, including healthcare. Keep in mind that the extent of expertise and client exposure that you will get at these firms in healthcare will be lesser than those in category 1, however, these firms will also expose you to different industries, should you want to try them out!

Feel free to reach out to me if you need some more advice specifically with these firms!

All the best!

Rushabh

Hello!

As someone who also comes from a different background, I can tell you that consulting can add a ton to your medical background, and precisely the skills to you need for your long term goal. 

I would aim for MBB first, 100%. 

Hope it helps!

Cheers, 

Clara

Hi there, 

MBBs should always be the 1st choice when choosing your career move into consulting as all of these have a good healthcare practice but also provide the right learnings and mentorship. 
 

Other companies like accenture and PWC have emerging healthcare arms as well. 
 

Mario

Hi Omer,

With your NHS background in UK,  consider Accenture Industry X. They are very active in Healthcare space and making huge investments.

Feel free to send me a direct message and I am happy to have an informal chat (free).

Hi there,

All big firms are very active in the healthcare sector and I am regularly working with and placing medical doctors at MBB (and most are driven by a similar thought process as you are).

Similarly, during my time at McKinsey, I met quite a few medical doctors as well (more than you would expect).

Two observations:

1. They perform generally very well during the interviews (above average).

2. They don't stay very long and go back either to practice medicine or enter healthcare leadership positions (for various reasons).

In short, if you are looking for the right firm, I would aim for MBB (McKinsey, BCG, Bain) to fulfill your aspirations.

Cheers,

Florian

Just wanted to add that you can get a sense of the work BCG does on healthcare (albeit being a while back) from this talk by James Kent (who has since left BCG and has stepped into a leadership role in the sector).

(editiert)

Hi there,

The big companies are all going to have a strong healthcare practice (that said, it does vary by region…as in, it's office specific). Other firms particularly focusing in healthcare are Clearview, Merck, and LEK.

Remember, networking is your friend here! Get talking to people on the phone to get a better lay of the land.

BCG is the firm with the largest project portfolio among the top 3. 
Then there are some boutiques, listed by other coaches. 
I would go for BCG with conviction.

Hi Omer,

Welcome to PrepLounge! In terms of your questions:

Q: Are there any particular firms that are known for their strategy consulting in healthcare?

Most candidates I helped targeting healthcare applied to the following:

• MBB (they have a strong healthcare practice in most countries)
• ZS Associates
• LEK
• IQVIA
• ClearView
• Putnam

If you need more help please feel free to PM me, I helped several healthcare professionals to move to consulting.

Best,

Francesco

Hi Omer , 

Rushabh gave quite a rounded answer to your question . 

To add, most consulting firms in order to better serve their clients in any sector (Healthcare in your case) look for candidates with deep knowledge in that industry vertical. So you should be able to find some good matches from your interest pov.