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February 08, 2023 | Tom Ballard

Consulting background serves as launchpad for founders

New report from OnDeck finds that nearly one in 12 former Bain & Company employees go on to launch a start-up.

CNBC reports that a new study from small-business lending platform OnDeck examined large U.S. companies with high rates of former employees launching their own businesses.

According to analysis, the top four companies on the list all hail from the consulting world. Topping the rankings was Bain & Company where 8.13 percent of former employees have gone on to found their own business. The others in the top 5 are, in order:

  • Oliver Wyman (7.93 percent);
  • McKinsey & Company (7.75 percent);
  • Strategy& (7.44 percent); and
  • Universal Music Group (7.39 percent).

To determine its rankings, OnDeck started with a list of the 100 biggest employers in each state, based on data from job-search website Zippia. OnDeck then analyzed the LinkedIn profiles of more than 228,000 employees who had previously worked at those companies across the U.S. to determine how many had gone on to launch their own businesses as either a sole founder or co-founder.

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