Frequently Asked Questions

Q. What is the Consulting's Fastest Growing Firms?

A. Consulting's Fastest Growing Firms recognizes the fastest-growing consulting firms in the world, of any size and from any sector. You can learn more at Consultingmag.com.
 

Q. How are firms ranked on Consulting's Fastest Growing Firms?

A. Firms are ranked by their rate of revenue growth between 2015 and 2018.
 

Q. How is the growth calculated?

A. The equation for growth percentage is:
[(2018 revenue - 2015 revenue) / 2015 revenue] x 100 = total growth percentage

As an example, if 2015 revenue was $2 million and 2018 revenue is $8 million:
$8 million - $2 million = $6 million
6 million / 2 million = 3 x 100 = 300

The growth rate is 300 percent.
 

Q. Define revenue

A. Revenues should be exclusively related to management consulting and IT consulting services.
 

Q. Does my company have to be profitable to be eligible?

A. We calculate revenue growth and don’t consider profitability.
 

Q. My company is majority or wholly owned by venture capital firm, private equity firm, or an investment bank. Is it eligible?

A. Yes.
 

Q. May I submit revenue figures based on cash accounting?

A. No. Consulting Magazine requires that all revenue figures (for both 2015 and 2018) be converted using accrual accounting. To convert cash figures to accrual figures, start with cash receipts, subtract the beginning accounts receivable, and add ending accounts receivable.
 

Q. My company is a franchisor. Should I submit the total sales of all of our franchises?

A. No. Franchisors should only report the fees that come to the parent company, plus total sales from any stores owned by the parent company.
 

Q. Why should I apply?

A. There are many benefits of being recognized as one of Consulting's Fastest Growing Firms. Some of the benefits are:

Visibility
National, local, and industry recognition
Media exposure via national, local, and industry/trade outlets
Editorial coverage in November issue of Consulting for the top growth companies
Morale
Personal validation for your employees
Public acknowledgment for company-wide success

Networking
An exclusive Consulting Magazine community of award-winning companies and their employees
Increased visibility to the Consulting Magazine editorial staff
Recognition at the Fastest Growing Firms Awards Gala
Business Opportunities
Recruiting tools
New sales and partnership opportunities through high-quality networking

Q: Do you have a Sample Application form?

A: Yes, please click here to view and download a sample application form.

If you do not have a final figure for your 2018 revenue when you apply, you may enter an estimate and provide us with the more precise figure before the August 2, 2019 deadline.

Should there be any additional questions to verify growth rates, you may be asked to submit additional documentation, such as a CPA letter or corporate tax return.
 

Q. How are companies ranked on Consulting magazine's Fastest Growing Firms?

A. Firms are ranked according to the percentage growth of their annual revenue over a 36-month period (from December 2015 to December 2018).
 

Q. Is there a fee to apply for Consulting magazine's Fastest Growing Firms?

A. Yes. The fee is $699. 
 

Q. Does Consulting Magazine require me to document the revenue figures I supply in my application?

A. Yes. To ensure the integrity and credibility of the list, we ask that all applicants certify their revenue by checking the box on the "Firm Size, Revenue and Verification" page of the application. Should there be any additional questions to verify growth rates, you may be asked to submit additional documentation, such as a CPA letter or corporate tax return.
 

Q. My firm represents other companies for matters like this. May I apply on their behalf?

A. Absolutely.
 

Q. How will winners be notified?

A. We will begin to notify winners in the late Summer/Early Fall after the nomination period closes (August 2, 2019). We will notify all firms who have made the list in advance of public recognition, but, will not disclose their respective ranking until the Awards Gala. Firms will be recognized this Fall at our Fastest Growing Firms Awards Gala. They will also be ranked online at consultingmag.com and featured in the November issue of Consulting Magazine. Consulting Magazine and ALM will also publicize and distribute the list to media channels throughout the country.
 

Q. What information will be published if my company is one of Consulting Magazine's Fastest Growing Firms?

A. Your firm will be featured editorially in the November Issue of Consulting Magazine. Additionally, we will feature your firm in the 2019 rankings on Consultingmag.com where we will publish a (brief) profile of your company along with your firm's website, social media, ranking, 3-year growth rate, firm size and location.
 

Q. Right now, I'm not sure whether I want my company to be included in Consulting's Fastest Growing Firms. Can I apply now and withdraw my application later?

A. We allow applicants to withdraw from the ranking any time before the August 2, 2019 deadline. Unfortunately, your application fee is non-refundable.
Solely in connection with the project currently entitled “Consulting’s Fastest Growing Firms” (the “Project”), [participating entrant] (the “Firm”) hereby authorizes ALM to reproduce, distribute, exhibit and otherwise use or authorize the use of any data and/or information submitted by Firm for the Project (the “Data”), or any portion thereof, an unlimited number of times in perpetuity, for educational and/or commercial purposes, at any time or in any format, print or electronic media, or in any other media now known or later developed. Firm further grants to ALM the right to use Firm’s name, logo, and/or relevant Data in connection with the Project, including, but not limited, for the purpose of advertising and promoting the Project.