The top 25 management consulting firms in Denmark

New research among graduates and young professionals in Denmark has revealed the country’s 25 most attractive management consulting firms to work for.

With an industry value of €2.9 billion, Denmark is home to Scandinavia’s second largest consulting market, trailing just Sweden. The country’s mature consulting market means that nearly all major international consulting groups have a presence in the country, including over half of the world’s ten largest strategy consulting firms and all four of the Big Four accounting and consulting giants. Denmark is also home to a number of home grown international consultancies and dozens of local boutiques.

According to ADMCF, the Association of Danish management consulting firms, the country’s industry employs some 19,500 employees, of which 18,000 are consultants (fee-earners), with 1,500 in staff roles. An estimated 15% of the consultant population – some 2,700 consultants – are hired to meet growing demand (+8% in 2018) and cover attrition, with one third of these roles filled at the entry-level.

In a survey filled in by students following a degree at many of Denmark’s top universities, including the University of Copenhagen, Aarhus University, the Technical University of Denmark, Aalborg University, Copenhagen Business School and Roskilde University, graduates were asked to identify which management consulting firms they would be most keen to join after completing their studies. The survey, conducted by Graduateships, asked students to assess the reputation, career attractiveness and overall popularity of consulting firms with a Danish operation.The trio of the globe’s largest strategy consulting firms – McKinsey, BCG and Bain – are in the eyes of graduates the top consultancies to work for. Global rivals A.T. Kearney ranks fifth and Strategy& twelfth, with other traditional competitors such as OC&C Strategy Consultants, L.E.K. Consulting, Oliver Wyman and Roland Berger not listed as they don’t have a base in Denmark – the latter two firms serve the region through their Stockholm offices.

Qvartz, a local Danish-origin management consulting firm with over 500 employees internationally ranks fourth, with Accenture, PA Consulting and Simon-Kucher & Partners completing the top ten, alongside two in-house consulting firms. Novo Nordisk Consulting is the advisory arm of pharmaceutical giant Novo Nordisk, while the slightly larger Maersk Management Consulting is the in-house consultancy wing of the globe’s largest container ship and supply vessel operator.

An overview of the 25 best management consulting firms to work for in Denmark:

1. McKinsey & Company
Office in Denmark: Copenhagen
Founded in Denmark: 1972
Number of employees: 120 consultants and 30 support staff

2. Boston Consulting Group
Office in Denmark: Copenhagen
Founded in Denmark: 1998
Number of employees: 100 – 200

3. Bain & Company
Office in Denmark: Copenhagen
Founded in Denmark: 2007
Number of employees: 100 – 200

4. Qvartz
Office in Denmark: Copenhagen
Founded in Denmark: 2002
Number of employees: 100 – 200

5. A.T. Kearney
Office in Denmark: Copenhagen
Number of employees: 100 – 200

6. Accenture
Office in Denmark: Copenhagen and Aarhus
Number of employees: 600

7. Novo Nordisk Consulting
Office in Denmark: Copenhagen and Aarhus
Founded in Denmark: 2012
Number of employees: 20

8. Maersk Management Consulting
Office in Denmark: Copenhagen
Number of employees: 35

9. PA Consulting Group
Office in Denmark: Copenhagen
Number of employees: Unknown

10. Simon-Kucher & Partners
Office in Denmark: Copenhagen
Number of employees: Unknown

11. Monitor Deloitte
Office in Denmark: Copenhagen
Founded in Denmark: 2012 (as part of Deloitte’s acquisition of Monitor Group)
Number of employees: 30

12. PwC Advisory
Office in Denmark: Hellerup, Copenhagen
Number of employees: 130

13. Implement
Office in Denmark: Hellerup, Copenhagen
Founded in Denmark: 1996
Number of employees: 750 across Europe

14. Deloitte Consulting
Office in Denmark: Copenhagen
Founded in Denmark: 1996
Number of employees: 600

15. Copenhagen Economics
Office in Denmark: Copenhagen
Founded in Denmark: 2000
Number of employees: 40 (85 across Europe)

16. EY
Office in Denmark: Copenhagen
Number of employees: 1,700 across Assurance, Tax, and Advisory

17. Valcon
Office in Denmark: Copenhagen
Founded in Denmark: 2000
Number of employees: 200 across Scandinavia

18. ReD Associates
Office in Denmark: Copenhagen
Founded in Denmark: 2005
Number of employees: 80 in Denmark and the US

19. Netcompany
Office in Denmark: Copenhagen
Founded in Denmark: 2000
Number of employees: 1,700 in five countries

20. IBM Global Business Services
Office in Denmark: Copenhagen and Aarhus
Number of employees: 210

21. Vertical Consulting
Office in Denmark: Copenhagen
Founded in Denmark: 2015
Number of employees: 45

22. KPMG
Office in Denmark: Copenhagen
Founded in Denmark: 2015
Number of employees: 600 across Assurance, Tax, and Advisory

23. Prokura
Office in Denmark: Copenhagen
Founded in Denmark: 2008
Number of employees: 50

24. Cognizant
Office in Denmark: Copenhagen
Founded in Denmark: 2015
Number of employees: Unknown

25. BCG Platinion
Office in Denmark: Copenhagen
Founded in Denmark: 2000
Number of employees: 20

Consulting firms that rank just outside the top 25 include large global players such as Capgemini Invent, Gartner Consulting and Tata Consultancy Services, mid-sized international groups such as European-origin BearingPoint and Efficio Consulting (a specialist in operations and procurement), as well as local players including Kopenhagen Konsulting, Oleto Associates and Struensee & Co.