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13 successful founders who launched their careers at consulting firms

Warby Parker, David Gilboa and Neil Blumenthal
David Gilboa and Neil Blumenthal.

Sarah Jacobs

  • Consulting attracts young professionals for prestige, pay, and flashy exit opportunities.
  • Many consultants go on to found hugely successful companies.
  • DoorDash, Warby Parker, and Faire were all founded by former consultants.

Young professionals are drawn to consulting for its prestige, competitive pay, and breadth of on-the-job experience — but also for its exit opportunities.

It's why many young consultants say they don't plan to stay in the industry for the long haul. Instead, they plan to put in a few years for the doors it will open when they leave, as well as the wide range of skills they expect to pick up very quickly.

Consultants often end up in the C-suite at the world's biggest companies, or launching businesses that go on to become hugely successful.

A LinkedIn career history analysis conducted by the small business-lending platform OnDeck in 2023 found consulting firms were the most common places for founders to begin their careers. The analysis found the companies that produced the most founders were Bain & Co., Oliver Wyman, and McKinsey & Co — all of which are considered leading management consulting firms.

From eyewear to healthcare and travel to e-commerce, here are 11 successful companies founded by former consultants.

Warby Parker
warby parker founders
From top left going clockwise, Andrew Hunt, Jeffrey Raider, Dave Gilboa, and Neil Blumenthal, cofounders of Warby Parker.

Wharton Magazine

Founders: Dave Gilboa, Neil Blumenthal, Jeffrey Raider

Three of the cofounders of Warby Parker worked in consulting before starting the popular glasses brand in 2010.

Jeffrey Raider spent two years at Bain & Company from 2004 to 2006, according to his LinkedIn, before going on to business school at the University of Pennsylvania's Wharton School. Going back to school to get an MBA, especially from a prestigious program, is common for young consultants.

Dave Gilboa also worked at Bain from 2003 to 2006 before attending Wharton, and Neil Blumenthal had a brief stint as a summer associate at McKinsey while he was attending Wharton.

Raider, Gilboa, Blumenthal, and Andrew Hunt, another cofounder, launched Warby Parker while they were still students at Wharton.

Warby Park went public in 2021. The company reported a net revenue of $771.3 million in the 2024 fiscal year, a 15% increase from the year prior, with a market value of $1.8 billion, according to CNBC.

Harry's
harry's founders
Andy Katz-Mayfield and Jeffrey Raider, cofounders of Harry's.

Harry's

Founders: Jeffrey Raider and Andy Katz-Mayfield

Raider, the Warby Parker cofounder who formerly worked at Bain, also founded the popular shaving brand Harry's in 2012 along with Andy Katz-Mayfield, another former Bainie. Katz-Mayfield worked at Bain from 2004 to 2007 and later got an MBA at Stanford University, according to his LinkedIn.

Harry's was valued at $1.7 billion during its Series E funding round in 2021, making it a "unicorn startup," or a privately owned company valued at over a billion. Reuters reported last year that the company filed for an IPO. In 2020, Harry's was set to be acquired by the shaving and skincare conglomerate Edgewell in a $1.4 billion deal, but it fell through after the Federal Trade Commission sued to block it.

DoorDash
DoorDash CEO Tony Xu
Xu of DoorDash.

DoorDash

Founder: Tony Xu

Before founding the massively popular food-delivery service Doordash in 2013, Tony Xu worked as a consultant at McKinsey from 2007 to 2009, his LinkedIn said. He went on to work at eBay and get an MBA from Stanford before starting Doordash with Andy Fang, Stanley Tang, and Evan Moore.

DoorDash had its IPO in 2020. The company reported a 24% revenue increase year over year in 2024, generating around $10.7 billion.

Kayak
steve hafner opentable kayak ceo
Hafner of Kayak.

Kayak

Founder: Steve Hafner

Kayak founder and CEO Steve Hafner worked a couple consulting jobs early in his career before founding the travel search engine with Paul English in 2004, according to his LinkedIn. Hafner spent three years at Boston Consulting Group from 1997 to 2000.

"One of the best powerpoint monkeys on their staff," he wrote under the job history on his LinkedIn. "I quickly realized that producing one good slide a day kept me on the payroll."

After its IPO in 2012, Kayak was bought by Priceline.com, now called Booking Holdings, in 2013 for $2.1 billion.

Hafner also served as the CEO of OpenTable from 2018 to 2025.

Bonobos
andy dunn bonobos walmart
Dunn of Bonobos.

Marcus Ingram/Getty Images for Bonobos

Founder: Andy Dunn

Dunn, cofounder and the first CEO of the clothing company, worked at Bain for three years early in his career, according to his LinkedIn. His profile on the social networking site refers to Bonobos as "a remarkable brand, team and culture."

Dunn cofounded Bonobos in 2007 along with fellow Stanford Business School student Brian Spaly. The company was bought by Walmart for $310 million in 2017. It was acquired from Walmart by Express and management firm WHP Global in 2023 for $75 million.

Betterment
Betterment Jon Stein
Stein of Betterment.

Betterment

Founder: Jonathan Stein

Stein was the founder and board member of the financial robo-adviser Betterment and served as the company's CEO for 13 years, according to his LinkedIn. Stein remains on Betterment's board and has gone on to found Warmer, which focuses on client relationship intelligence.

Stein worked at First Manhattan Consulting Group for four years early in his career.

Ginger
Ginger CEO Karan Singh
Singh of Ginger.

Ginger

Founder: Karan Singh

Singh, cofounder and COO at Ginger, which provides mental health services through an app, spent several years as a consultant at the management consulting firm ZS.

Singh was also appointed COO at Headspace, which also focuses on mental health, in 2021.

Wellhub
Cesar Carvalho, CEO and Co-Founder, Wellhub
Carvalho of Wellhub.

Wellhub

Founder: Cesar Carvalho

Cesar Carvalho is the CEO and cofounder of Wellhub, which was formerly called Gympass, a corporate wellness platform that serves more than 15,000 companies in 11 countries. Carvalho spent two years as a business analyst at McKinsey — from 2008 to 2010.

"During my time at McKinsey, I learned something fundamental that shapes everything we do at Wellhub: people matter," Carvalho told BI in an email. "The most successful leaders weren't just technically skilled — they genuinely cared about their people. This lesson has been the cornerstone of my approach at Wellhub. Being a good leader and being a good person should never be mutually exclusive. When you treat employees like actual people, not just resources, and give them the tools they need to be well, they naturally do well."

Komodo Health
Komodo Health's cofounders Dr. Arif Nathoo and Web Sun.
Nathoo and Sun of Komodo Health.

Komodo Health

Founder: Arif Nathoo

Nathoo, the CEO and cofounder of Komodo Health, spent seven years at McKinsey & Company before turning to entrepreneurship. He was a leader in McKinsey's medical affairs practice, where he focused on developing analytics products and services.

He cofounded Komodo with Web Sun, who previously worked at companies including Merck and Campbell Alliance, in 2014.

Komodo, which was worth over $3 billion at its Series E round in 2021, uses data, analytics, and machine learning to map patient insights.

"A lot of the inspiration for Komodo came out of a world where I was doing analytics on de-indentified data ten years ago and being constantly frustrated with the quality of it," Nathoo said in an interview with Axial in 2022. "The quality of the data that has existed in the market to date is massively inferior to solve problems that require, or that are, ones of machine learning — and where we kind of want to take the world."

Hippo Insurance
Assaf Wand, CEO and co founder, Hippo
Wand of Hippo.

Hippo

Founder: Assaf Wand

The founder and executive chair of Hippo Insurance, Assaf Wand, worked at McKinsey in the summer of 2004 and from 2005 to 2006.

Hippo went public through an SPAC merger in 2021 and now has a market capitalization of $720 million, according to Yahoo Finance.

Before launching Hippo in 2015, Wand founded Sabi, a company that sought to improve the functionality and design of everyday products. Sabi was acquired in 2015.

Faire
Faire cofounders Rhodes, Kolovson, Cortes, and Perito.
Rhodes, Kolovson, Cortes, and Perito of Faire.

Faire

Founder: Jeffrey Kolovson

Jeffrey Kolovson, one of four cofounders of online wholesale marketplace Faire, worked at McKinsey in his early career from 2009 to 2011.

According to Kolovson's LinkedIn, he worked across industries from tech to retail during his time at the firm. He also noted that he was a member of the "SF office social committee" in which he was "responsible for officewide Friday Lunch entertainment" and "pioneered innovative gameshows such as 'Are you Smarter than an Intern?' and '2 Truths and a Pie,' a tepidly received program in which a contestant reveals two truths about themselves and is subsequently pied in the face."

From McKinsey he moved on to mobile payment company, Square where he overlapped with Faire cofounders Daniele Perito, Marcelo Cortes, and Max Rhodes.

Faire, which was last valued at $12.6 billion at its Series G funding round in 2022, connects small independent brands with retailers that can stock their products in their stores.

Read the original article on Business Insider

MBB explained: How hard it is to get hired and what it's like to work for the prestigious strategy consulting firms, McKinsey, Bain, and BCG

McKinsey logo on building.
MBB refers to the top three strategy consulting firms, McKinsey, Bain, and BCG.

FABRICE COFFRINI/AFP/Getty Images

  • McKinsey, Bain, and BCG are top strategy consulting firms with low acceptance rates.
  • These firms, known as MBB, serve Fortune 500 companies and offer competitive salaries.
  • MBB firms provide prestigious exit opportunities, often leading to senior roles in various sectors.

McKinsey & Company, Bain & Company, and Boston Consulting Group — collectively referred to as MBB — are widely considered the top three strategy consulting firms in the world.

Sometimes referred to as the Big Three, MBB firms are among the most prestigious consulting firms and their clients include many Fortune 500 companies as well as government agencies.

CEOs often turn to these firms for their expertise in business strategy and solving complex problems, whether it's handling mergers and acquisitions or budgeting and cutting costs.

Jobs at MBB firms are famously difficult to land and are among the most sought-after positions for MBA students at top schools. The acceptance rates for these firms is less than 1%. Applicants to top business schools are also far more likely to be accepted into MBA programs if they come from an MBB.

MBB firms typically offer highly competitive salaries, generally paying more than other consulting firms, and often come with demanding work responsibilities and expectations.

MBB firms are also well known for the exit opportunities they provide — employees at these firms are highly sought after for other jobs and often end up with senior positions at Fortune 500 companies, startups, hedge funds, and private equity firms, or start their own companies.

The Big Three is sometimes confused with the Big Four, which refers to the professional services firms Deloitte, EY, KPMG, and PwC. The Big Four are the largest accounting firms in the world though they also offer consulting and other services.

The MBB firms are strategy and management consulting firms. Here's how they compare.

McKinsey & Company

McKinsey is typically considered the most prestigious of the Big Three. It's also the oldest and was founded in 1926.

Headquartered in New York City, McKinsey is also the largest of the MBBs, with more than 45,000 employees across 130 offices worldwide.

McKinsey generated around $16 billion in revenue in 2023 and is led by Bob Sternfels, who serves as the firm's global managing partner and chair of the board of directors.

McKinsey told Business Insider it receives more than one million job applications each year and that the company planned to hire about 6,000 people in 2024, about the same as the year prior.

That would mean McKinsey hires around 0.6% of applicants.

McKinsey's average base salary for new hires out of undergrad is $112,000 and for MBAs $192,000, according to the company Management Consulted, which provides students with coaching for consulting interviews.

McKinsey is notorious for its demanding workload, with even entry-level analysts working 12 to 15 hours a day. One former employee told BI that the experience took a toll on her mental health but she came away with confidence and a Rolodex of contacts.

Boston Consulting Group

BCG was founded in Boston, where it is still headquartered, in 1963. The company had 32,000 employees as of 2023 and 128 offices worldwide.

BCG had a global revenue of about $12 billion in 2023.

BCG is led by Christoph Schweizer, who has served as CEO since 2021, and Rich Lesser, the Global Chair of the firm.

BCG's head of talent, Amber Grewal, told BI more than one million people apply to work at the company each year and that only 1% make the cut.

Amid the boom in generative AI the firm is hiring for a wider mix of roles than it did in years past. "It's going to change the mix of people and expertise that we need," Alicia Pittman, BCG's global people team chair previously told BI.

The average base salary at BCG for hires out of undergrad was $110,000 in 2023 and about $190,000 for MBAs and PhDs, according to Management Consulted.

Bain & Company

Bain was founded in 1973 and is also headquartered in Boston.

The smallest of the Big Three, Bain has around 19,000 employees with offices in 65 cities around the world.

Bain's revenue in 2023 reached $6 billion, according to the Financial Times.

Bain is helmed by Christophe De Vusser, who serves as the worldwide managing partner and CEO.

Bain's average base salary for undergrads in the US is around $90,000, while for new hires with an MBA or PhD it was around $165,000, according to Management Consulted.

Despite the grueling hours and high expectations, Bain is known for a collaborative culture.

"We have a motto, 'A Bainie never lets another Bainie fail,'" Davis Nguyen, a former consultant at the firm, previously told BI. "We all work together from entry-level associate consultants to senior partners. I think that is what makes Bain's culture what it is — that we all work together to achieve a goal and make everyone around us better."

Bain is also considered the "frattiest" of the top firms and is known for a "work hard, play hard" culture, according to Management Consulted.

Read the original article on Business Insider

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