Nordic Consulting Layoffs (2024)

FAQs

Is Nordic Consulting a good company to work for? ›

Nordic Consulting Partners has an overall rating of 3.0 out of 5, based on over 296 reviews left anonymously by employees. 47% of employees would recommend working at Nordic Consulting Partners to a friend and 31% have a positive outlook for the business. This rating has decreased by 3% over the last 12 months.

The estimated total pay range for a Senior Consultant at Nordic Consulting Partners is $54–$78 per hour, which includes base salary and additional pay. The average Senior Consultant base salary at Nordic Consulting Partners is $60 per hour.

Firms across the consulting space have been working to navigate an ongoing slowdown in the industry, after a hiring spree during the pandemic. For instance, Accenture announced it was going to slash 19,000 jobs last year, after having hired 39,000 people in the year prior.

Accrete Health Partners, a recently launched holding company of the Bon Secours Mercy Health system, has acquired health IT consulting firm Nordic Consulting Partners from SV Health Investors.

MADISON, Wis., April 17, 2024 /PRNewswire/ -- Nordic Consulting, a global health and technology consulting company, announced today CEO Jim Costanzo will retire this summer. Nordic's current US president, Don Hodgson, will serve as the next leader of the organization.

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The company is consistently ranked as the #1 most valued brand in the consulting industry, making it the most prestigious company on the list. Since its founding in 1926, the company has grown to over 38,000 employees across more than 120 offices around the world.

Work-life balance is the most common reason for leaving consulting. Work at top management consulting firms is typically stressful and very intensive, with 60-80-hour work weeks – more than most positions in the market.

First, getting fired in management consulting doesn't happen often. There are many reasons for this (eg, the rigorous recruiting process, the supportive development-focused culture). However, in tough economic times select firms will significantly tighten hiring and raise the bar on promotions.

One reason firms have cut staff is that corporate employers—including client companies' executive teams—have slowed white-collar hiring and continue to announce plans to trim jobs. That means consultants hoping to leave the field have struggled to do so voluntarily, and so firms must lean on cuts to thin the ranks.

Nordic Consulting Group has 3,300 total employees.

Who are Nordic Consulting competitors? ›

Nordic Consulting Partners competitors include Bluetree Network, Deloitte (US) and Accenture.

Cincinnati-based Bon Secours Mercy Health's digital holding company, Accrete Partners, acquired Nordic on June 1. Accrete Partners has allegedly acquired Nordic for more than $400 million, according to Axios.

Alvarez & Marsal is the top-paying consulting firm in America, best known for its capital restructuring team that consistently lands some of the largest bankruptcy consulting deals year after year.

Nordic Consulting Group has 3,300 total employees.

Consultants are paid well compared to jobs in the industry with similar years of experience. You may experience a decline in your disposable income once you leave consulting. However, you likely will get more time back in your personal life.