The management consulting industry is known for its diversity and the wide range of opportunities it offers to both entry-level and experienced professionals. Besides the well-known "Big Three" consulting firms (McKinsey & Company, Bain & Company, and The Boston Consulting Group), there are also several so-called tier 2 consulting firms that are highly regarded and provide exciting career prospects. Let’s take a closer look at what tier 2 means and get to know six notable firms as examples. 🔎
Before we start, it's important to know that there is no official classification into tier 1, 2 or 3. These categories depend on factors such as revenue or the specific market being considered. Keep in mind that this overview is meant to give a general orientation rather than a strict ranking.
Tier 2 consulting firms are companies that aren’t part of the “Big Three,” but they are still large, successful, and operate on an international scale. These firms hold a strong market position, though their reach and visibility may not be as extensive as the top players in certain areas. Despite this, they are known for providing high-quality consulting services and are in high demand by clients for their expertise and deep knowledge.
We’ve brought along a graphic that shows the top consulting firms by revenue in 2023 (in millions):
The six well-known tier 2 consulting firms that we will look at in more detail below are:
Oliver Wyman is a global management consulting firm headquartered in New York. The company has over 6,700 employees in 2025 and is known for its expertise in financial services, energy, retail, and healthcare. Oliver Wyman emphasizes analytical skills and innovative approaches to help its clients overcome complex challenges. In German-speaking countries, the company has offices in Berlin, Frankfurt (am Main), Munich, Hamburg, Düsseldorf, and Zurich, among others.
👉 In our Oliver Wyman Interview Guide, you can find out more.
Roland Berger was founded in Munich in 1967 and is one of the largest independent consulting firms in the world. The market leader in Germany is active in various industries, including automotive, aviation, telecommunications, and energy. Roland Berger is known for its strong strategic capabilities and international presence. A specially established Roland Berger Foundation is active in promoting education and thus demonstrates social commitment, including by taking on numerous pro bono projects. The company has offices in Berlin, Düsseldorf, Frankfurt (am Main), Hamburg and Stuttgart.
👉 For more insights, check out our Roland Berger Interview Guide.
Strategy&, the strategy consulting arm of PwC, advises organizations on strategy, digital transformation, and organizational change. With a focus on enhancing innovation capabilities and securing long-term competitive advantage, Strategy& supports clients from strategic formulation through to effective execution.
👉 Check out our Strategy& Interview Guide for more information.
Kearney was founded in 1926 and is now a global consulting firm with a focus on strategic management consulting. The company works across a range of industries, including consumer goods, automotive, energy and healthcare. Kearney stands out for its analytical skills and close collaboration with clients. In 2016, the salaries paid were among the highest in the USA. In Germany, they have offices in Berlin, Munich, and Düsseldorf.
👉 Find out more about this firm in our Kearney Interview Guide.
LEK Consulting is a global management consulting firm focused on strategy and performance improvement. The company works in a variety of sectors including technology, healthcare, retail and private equity. LEK Consulting is distinguished by its data-driven solutions approach and its focus on measurable results. The German office is located in Munich, and other locations include Melbourne, São Paulo, Singapore, Paris, and Tokyo.
Deloitte Consulting is the consulting arm of Deloitte, one of the world's largest accounting and consulting firms. Deloitte Consulting offers a wide range of consulting services in the areas of strategy, technology, economics, and transformation. The company is known for its industry-specific expertise and its ability to develop innovative solutions. Deloitte Consulting has several offices in German-speaking countries, including in addition to major cities, for example, in Nuremberg, Aschaffenburg, Mannheim, Hanover, and Leipzig.
Salaries in tier 2 consulting firms vary depending on the company, experience level, and location. When looking at the earning potential and salary structures in tier 2 firms, it’s clear that, in the long run, salaries at leading consulting firms tend to be higher. However, tier 2 firms still offer competitive salaries and appealing benefits, often linked to individual performance and the company’s success. Additionally, tier 2 firms sometimes offer attractive starting salaries or performance-based bonuses.
Working at a tier 2 consulting firm can be a great way to gain experience and grow professionally. Many consultants start their careers at a tier 2 firm and later transition to top firms like McKinsey, Bain, or BCG. However, there are also plenty of opportunities within tier 2 firms, where you can rise to senior positions and work on exciting projects.
Making the move to an MBB firm often requires outstanding performance, strong skills, and a solid network. It’s important to continuously develop your abilities, earn additional qualifications, and deliver excellent project results. Networking events and connections with MBB consultants can also help smooth your path.
Commuting can be exhausting, so the location of your office matters. While many big firms are based in large cities, tier 2 firms often offer a more relaxed environment in smaller cities like Augsburg, Hanover, or Wattwil. This can give you a better work-life balance, especially if you prefer to stay close to home. Location matters internationally too. Some tier 2 firms have a stronger presence in certain regions or smaller cities, which can offer a more peaceful lifestyle.
Many tier 2 firms also specialize in niche areas, so if you have unique personal interests, you can find exciting projects where your specific expertise is highly valued. It’s also refreshing to bring your personal skills into your work and see them make an impact.
Tier 2 consulting firms are looking for consultants with a diverse skill set. Here are five key skills that are highly valued:
Tier 2 consulting firms offer exciting career opportunities and top-quality consulting services. Companies like Oliver Wyman, Roland Berger, Strategy&, Kearney, LEK Consulting, and Deloitte Consulting have built strong reputations across various industries, offering challenging projects and attractive salaries. Working at a tier 2 firm can be a great stepping stone for your career, whether that means moving to a top-tier consulting firm or climbing the ladder within your current company.
That said, making the leap from a tier 2 firm to an MBB (McKinsey, Bain, BCG) usually requires exceptional performance, strong skills, and a solid network. The key is to keep developing your abilities, gaining new qualifications, and always pushing yourself to take the next step in your career. It’s all about growth and grabbing those opportunities when they come! 🚀
