Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
The newspaper wrote that Goldman's executive are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its...US Marketsread more
The Fed is not likely to make a move on interest rates when it meets next week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
With uncertainty keeping a lid on U.S. stocks, Ed Clissold of Ned Davis Research says the rest of 2019 is likely to be a "choppy," but somewhat opportunistic, ride for...Futures Nowread more
Bain & Company has regained its position as the top consulting firm to work for in Asia-Pacific, ending rival McKinsey's two-year reign, according to a new survey by career information site Vault.com, which attributes Bain's climb back up the rankings to its focus on the quality of life of its employees.
"This year Bain edged back into the top spot due to the firm's commitment to firm culture, training, compensation and work-life balance. It will be interesting to see how McKinsey responds next year," said Phil Stott, consulting editor at Vault.
The survey, published on Tuesday, polled more than 500 consulting professionals across the APAC region. Respondents were asked to assess their firm as well as their peer firms on a variety of factors including prestige, practice area strength, firm culture, compensation, overall satisfaction and hours, among other factors.
McKinsey, which edged down to second place, was trailed by A.T. Kearney, Oliver Wyman and Roland Berger Strategy Consulting, in the third, fourth and fifth spots.
PricewaterhouseCoopers, Sia Partners, Arthur D. Little, L.E.K. Consulting and OC&C Strategy Consultants rounded out the top ten.
The consulting industry, known for its gruelling hours and incessant traveling but also healthy compensation, has been losing some of its shine among job seekers in recent times, says Stott, because of the comparative attractiveness of other industries—especially technology.
"The top consulting firms know that, and so have been increasingly focusing on quality of life as a means to attract and retain top talent," he said.
Bain took the top spot in 15 quality of life categories - including internal mobility, international opportunities, promotion policies, vacation policies and work-life balance – and also swept the diversity rankings. "There was no other firm that even came close," Vault said.
While McKinsey is still regarded the most "prestigious" firm in the industry, according to the poll, it did not perform as well on the quality-of-life front.
Discussing why this may be the case, Vault quoted one unnamed McKinsey consultant: "I think that the firm leadership is the strongest in the industry, especially in the region. But innovation is difficult, as the business model requires corporations to change their cultures to fully recognize value of consulting."
McKinsey's did dominate practice area rankings, outshining competition in seven practice areas: economic consulting, energy consulting, financial consulting, healthcare consulting, management consulting, strategy consulting and retail consulting.