Top 20 in-house consultancies in Denmark

18/08/2020 Graduateships Min.

In our recently launched "Top 50 Consulting" guide we saw an increasing trend that the large companies have created their own in-house consulting firms with former top tier consultants to work on the companies largest issues. We have therefore created a similar list of the top in-house consulting companies in Denmark.


The top 20 list below is in randomised order but consists of the best in-house strategy consulting teams in Denmark according to our research. The purpose of the list is to create transparency into this nascent industry and provide students and young consultants with the overview of what alternatives there might be to the traditional consulting companies. We believe that these companies offer similar learning experiences to consulting firms.

 

We also want to highlight that the internal training and mentoring programme differs from firm to firm. Some of them such as Novo Nordisk Consulting and Maersk Management Consulting are large and mature in-house consultancies with structured training programmes that will help you develop a toolbox similar to what you will get from top tier consulting firms. Some of the smaller and less mature companies might not offer as structured a programme, but will have similar caliber people to learn from.

Definition: In-house Consultancies 

We have defined in-house consultancies as:

  • A function which is a standalone unit in the company
  • Working on key internal projects such as: Strategy projects, Transformation projects, IT & Digitalisation projects
  • Consists of former consultants

List of in-house consultancies in Denmark:

  1. Novo Nordisk Consulting
  2. Maersk Management Consulting (MMC)
  3. DFDS Strategy
  4. Nordea
  5. TrackMan
  6. 3Shape
  7. LEGO Group
  8. Carlsberg Group
  9. ISS
  10. Ørsted
  11. Pandora
  12. Vestas
  13. Tryg
  14. GN
  15. Coloplast
  16. LB Forsikring
  17. Nets
  18. Milestone Systems
  19. Egmont
  20. KMD

 

Novo Nordisk Consulting

The highest ranked internal consulting house on the Top 50 Consulting list. One of the most mature departments with a long history of attracting and developing consulting talents to venture further out in Novo Nordisk.

  • #Employees: 25
  • Experience: Bain, Roland Berger, Novo Nordisk, BCG, McKinsey, Kearney, PwC
  • Example Projects: Business development/due diligence, business unit strategy, offshoring, finance strategy, commercial strategy, transformation program
  • Hire graduates: Yes
  • Hire Interns? Yes
  • Hire Student Assistants? No
  • Hiring right now? No

Maersk Management Consulting (MMC)

The second highest ranked internal consulting house on the Top 50 Consulting list. One of the largest internal consulting teams in Denmark. Very global in nature and split between offices in Copenhagen and Singapore.

  • #Employees: 40
  • Experience: BCG, Bain, McK, Roland Berger, Maersk, Deloitte
  • Example Projects: Strategy project in China, global organisational transformation project in CPH, Global Transformation Programme (various locations), Strategy project in North America
  • Hire graduates: Yes
  • Hire Interns? Yes
  • Hire Student Assistants? Yes
  • Hiring right now? No

 

DFDS Strategy

The third highest ranked internal consulting house on the Top 50 Consulting list. A relatively new department in DFDS, but with a clear focus on aiming to attract and develop top consultants to help the shipping and logistics company.

  • #Employees: 10
  • Experience: BCG, McKinsey, Bain (QVARTZ)
  • Example Projects: Group Strategy, M&A integration, Digitalization of terminals, Reorg of Finance department, Implementation of Agile operating model in IT/Digital
  • Hire graduates: Yes
  • Hire Interns? No
  • Hire Student Assistants? Yes
  • Hiring right now? Yes, consultants with 1-3 years experience

 

Nordea

A team of strong individuals focused on solving various problems in the nordic bank. Focused primarily on banking and customer strategy.

  • #Employees: 10
  • Experience: Primarily within banking
  • Example Projects: Banking strategy and Customer strategy
  • Hire graduates: Yes
  • Hire Interns? No (but potentially at some point)
  • Hire Student Assistants? Yes
  • Hiring right now? Yes, graduates

 

 

TrackMan

An up and coming Danish company focusing on enhancing athletes performance. Have recently attracted a strong team of former consultants and industry professionals to tackle their biggest strategic challenges.

  • #Employees: 6
  • Experience: McKinsey, BCG, Novo Nordisk, 3Shape, Stark Strategy, Saxo Bank
  • Example Projects:Strategy project for business unit (3-5 year strategy), growth strategy project for new product/revenue stream, subscription optimization project, finance efficiency project
  • Hire graduates: Yes
  • Hire Interns? Yes
  • Hire Student Assistants? Yes
  • Hiring right now? Yes, at many levels over the next 12 months

 

3 Shape

A Danish growth story. 3Shape are revolutionising the dental industry with new and innovative products. Another team of high caliber consulting profiles with a strong internal setup

  • #Employees: 8
  • Experience: Bain & Company, Boston Consulting Group, QVARTZ, Voluntas
  • Example Projects:Go-to-Market strategy, Regional business planning, product launch, pricing and overall corporate + business strategy
  • Hire graduates: Yes
  • Hire Interns? Yes
  • Hire Student Assistants? Yes
  • Hiring right now? Yes, consultants with 1-3 years experience

 

Lego Group

One of the most recognisable brands in the world, Lego also has one of the best internal teams of problem solvers. You get to work on very exciting projects with a blend of top tier consultants as well as home grown talents.

  • #Employees: 30
  • Experience: McKinsey, BCG, Bain, Accenture, Big 4, home-grown, other corporates
  • Example Projects: Channel Strategy, Market expansion strategy, Supply chain strategy, Tech Strategy – and implementation / orchestration of
  • Hire graduates: No
  • Hire Interns? No
  • Hire Student Assistants? Yes
  • Hiring right now? Yes, consultants with 1-3 years experience and student assistants

 

Carlsberg

Carlsberg run a lean strategy team of top notch people. The team of former consultants work on a variety of strategic projects for the brewery giant.

  • #Employees: 7
  • Experience: Bain, Strategy& (Pwc), Accenture, Investment Banking (Nordea), Kraft Heinz, Coca Cola, Procter & Gamble
  • Example Projects: Cost effectiveness programs, reorganisation, market business reviews/turn-around plans, acquisition and integration projects, digitalisation projects and general preparation, tracking and evaluation of key strategic initiatives
  • Hire graduates: Yes
  • Hire Interns? Yes
  • Hire Student Assistants? Yes
  • Hiring right now? No

 

ISS

The facilities service giant with more than 400,000 employees also has an internal strategy team making sure their business is moving in the right direction. Get to work on exciting projects with one of the largest companies in the world.

  • #Employees: 
  • Experience:
  • Example Projects: 
  • Hire graduates:
  • Hire Interns? 
  • Hire Student Assistants? 
  • Hiring right now? 

 

Orsted

The energy giant runs one of the highest performing internal consulting teams. They work on a variety of strategic projects in the complex business models they operate.

  • #Employees: 15
  • Experience: BCG, McKinsey, Accenture, WoodMac Consulting
  • Example Projects:Growth strategy, transformation, commercial excellence, M&A
  • Hire graduates: Yes
  • Hire Interns? Yes
  • Hire Student Assistants? Yes
  • Hiring right now? No

 

Pandora

The jewellery giant with most of their production in Thailand has also managed to craft one of the best internal strategy teams. Consisting of former top tier consultants they aim to create excellence to the firm

  • #Employees: 12
  • Experience: Bain, BCG, QVARTZ, McKinsey, AT Kearney, M&A background, Internal Business Development/Strategy in another company, One from CBS starting directly
  • Example Projects: Programme Now (transformation programme), Corporate strategy, Executive support, Growth projects
  • Hire graduates: Yes
  • Hire Interns? Yes
  • Hire Student Assistants? Yes
  • Hiring right now? No

 

Vestas

The wind power giant also has an internal strategy team which consists of 5 high performing individuals. They have top tier consulting experience and best in class industry knowledge.

  • #Employees: 5
  • Experience: Bain, QVARTZ, Kearney, Coloplast, ISS, Hempel
  • Example Projects: Facilitation of strategic discussions, strategy development, and engagements in high priority projects
  • Hire graduates: Yes
  • Hire Interns? Yes
  • Hire Student Assistants? Yes
  • Hiring right now? No

 

Tryg

The largest and most innovative insurance company in Denmark. As part of this strategy they have also created one of the best dedicated strategy teams in the country with a number of former top consultants

  • #Employees: 20
  • Experience:Novo Nordisk Consulting, QVARTZ(Bain), PA Consulting, Deloitte, Monitor Deloitte, McKinsey, BCG, Morgan Stanley, SEB, Danske Bank, Nordic M&A, Kammeradvokaten, DLA Pipers
  • Example Projects: Development and execution of strategies, new market and business exploration and expansion, acquisitions and integration, finance and digital transformation programmes, project management, tracking and execution of key strategic initiatives, executive support
  • Hire graduates: Yes
  • Hire Interns? No
  • Hire Student Assistants? Yes
  • Hiring right now? Yes, Student assistants, Graduates and consultants with 1-3 years of experience

 

GN

The strategy functions are divided into GN Audio and GN Hearing. Both teams consists of former top tier consultants now working on ensuring that GN stays competitive and keeps on being an innovator in the market!

  • #Employees: 6
  • Experience: McKinsey, Kearney, Monitor Deloitte, Implement Consulting Group, Strategy& (part of the PwC network), Ramboll Management Consulting, Copenhagen Economics, Novo Nordisk
  • Example Projects: Corporate strategy development and execution, commercial strategy, go to market strategy, growth strategies for key markets, organizational design and COVID-19 response programs
  • Hire graduates: Yes
  • Hire Interns? No
  • Hire Student Assistants? Yes
  • Hiring right now? Yes, student assistants and within 12 months consultants with 1-3 years of experience

 

Coloplast

The successful medical device supplier, Coloplast, is Denmark’s third largest company measured on market cap. The Group Development & Strategy team reports to the CEO and is involved in all key strategy and M&A activities for the group. The team consists of two sub-teams: Corporate Development & Strategy (M&A and group strategy) and Commercial Development (in-house consulting projects).

  • #Employees: 10
  • Experience:McKinsey, QVARTZ, A.T. Kearney, A.P. Moller – Maersk, Ambu, Velux, KMD, Deloitte
  • Example Projects: Corporate strategy development, M&A projects incl. due diligence, post-merger integrations, business development, turnaround strategies and annual business planning
  • Hire graduates: Yes
  • Hire Interns? No
  • Hire Student Assistants? No
  • Hiring right now? Yes, graduates and 1-3 years of experience

 

LB Forsikring

Not the largest insurance company in Denmark, but the one with the happiest customers. They have been able to maintain the customer satisfaction by hiring an internal team that ensures the strategy for the firm stays on track.

  • #Employees: 5
  • Experience: Deloitte, PA Consulting, Alm. Brand, KMD
  • Example Projects:Corporate Strategy Development and Execution, Strategic Partnership Agreements
  • Hire graduates: Yes
  • Hire Interns? No
  • Hire Student Assistants? Yes
  • Hiring right now? No

 

Nets

One of the leading financial services providers in the Nordics. They were quick to develop a team of top tier consultants to help them ensure the business developed as planned

  • #Employees: 10
  • Experience: McKinsey, BCG, Oliver Wyman
  • Example Projects: Country growth strategy, Sales force effectiveness, GTM strategy, target operating model
  • Hire graduates: Yes
  • Hire Interns? Yes
  • Hire Student Assistants? Yes
  • Hiring right now? Yes, Student assistants, Graduates and consultants with 1-3 years of experience

 

Milestone Systems

The smallest in-house strategy team on the list, however nevertheless a high performing one. The two former QVARTZ consultants are helping the top management with a multitude of projects ranging from Corporate Strategy to M&A and Exploring new business models.

  • #Employees: 2
  • Experience: QVARTZ
  • Example Projects: Corporate Strategy, Product Strategy, M&A, New business models, ComEx
  • Hire graduates: Yes
  • Hire Interns? Yes
  • Hire Student Assistants? Yes
  • Hiring right now? No

 

Egmont

The leading Nordic media group has managed to build one of the most exciting internal strategy functions. The team drives strategic projects across their portfolio of companies and advices CXO on strategic decisions.

  • #Employees: 10
  • Experience: McKinsey, QVARTZ, Deloitte, TDC, MTG, Skat, Devoteam
  • Example Projects: Corporate and business strategy reviews, M&A screening and due diligence for video games and e-commerce companies, business case for new product launch, strategic partnership negotiations with leading telecom, developing AI solutions for our e-commerce companies through our Advanced Analytics team (same department), developing board material, top management workshops and events
  • Hire graduates: Yes
  • Hire Interns? Yes
  • Hire Student Assistants? Yes
  • Hiring right now? No

 

KMD

The leading Danish based IT company is responsible for ensuring that more than 20% of the Danish GDP is transferred safely through their systems. They also have a team of former consultants working on all kinds of strategic projects to ensure the firm keep their leading position.

  • #Employees: 5
  • Experience: McKinsey, QVARTZ, PwC, Tofte & Co
  • Example Projects: Corporate strategy International strategy, Product strategies, segment strategies, customer and market analysis, M&A (3 transactions within last 12 months), Other executive ad-hoc analysis
  • Hire graduates: Yes
  • Hire Interns? Yes
  • Hire Student Assistants? Yes
  • Hiring right now?Yes (currently in process with new graduate). Typically we hire 1-2 persons per year as we have a good track record of getting people into line jobs.