The Big 4 are arguably the best-known consulting firms in the world. These companies focus on big strategic questions and C-level problems, and do not offer accounting services. While their consulting methods are excellent, many people question whether they can deliver real-world results for companies. Here’s a look at their different offerings. Which one is right for you? Read on to find out. If you’re in the market for a consulting firm, you’ll want to work with one of the Big 4.
Deloitte Touche Tohmatsu
While all of the Big 4 consulting firms are similar in size and scope, each of them possesses unique characteristics. Deloitte, for instance, is known as “the dot” and has strict branding and logo guidelines. As of 2016, it ranked first in revenue with $37.8 billion, beating out competitors like PwC and Arthur Andersen. It currently employs more than 245 thousand people worldwide.
The company’s origins date back to the 1840s, when William Deloitte started a London office that eventually became the global headquarters. Deloitte Touche Tohmatsu also implemented the first mainframe computer. Its services range from audit and tax services to financial advisory. DTTT also serves the mid-market with a full suite of financial advisory services.
PricewaterhouseCoopers
One of the biggest consulting firms in the world, PwC works across many industries and has 756 offices around the world. Their services focus on assurance, consulting, and risk. They have a global footprint and are recognized as independent, regulated firms. In addition to its audit, consulting, and assurance services, PwC also offers a range of other services to clients, including legal, deal advisory, and financial consulting.
The Big Four are the world’s largest consulting firms, with combined revenues of more than $150 billion. Deloitte and PwC are both well-known brands with a diverse client base. The firms have grown through acquisition over the last few years. PwC recently acquired Booz & Company and Deloitte acquired Monitor. The Big Four are constantly acquiring other firms, especially in the strategy consulting sector.
KPMG
If you’re interested in working for a top consulting firm, you should know that there are major differences between Big Four firms and top 3 consulting firms. These firms each receive thousands of applications per year. In fact, they receive over 100 applications for every job available. Hence, it’s imperative to know the differences between the two types of firms. In addition to that, if you’re interested in working for a top consulting firm, you should take advantage of free resume and cover letter courses.
KPMG is an American multinational accounting and consulting firm. Its consulting practice is based on tax, risk, and deal advisory. This firm is part of a network of accounting firms that offer audit, tax, and advisory services to various industries. Founded by William Deloitte in 1845, the firm has undergone several mergers and acquisitions in recent years to become one of the world’s leading consulting firms.
Ernst & Young
In its own right, Ernst & Young is a top-tier consulting firm that provides services similar to those offered by PwC. While the firm focuses on core competencies, it decentralizes the implementation of its policies and services to member firms. While all member firms are required to adhere to the same auditing standards, this helps make the firm more flexible and responsive to client needs. Currently, Ernst & Young employs over 7,700 people in its U.S. office. It is also planning to open a new office in San Antonio, Texas. The firm is providing a tax incentive for these employees to move their operations to the Texas city.
KPMG is another top consulting firm, with roots in Europe and the U.S. Its staff describes a slightly less European environment as an advantage, and describes a culture where there is less pressure to fit into a stereotype of city graduates. It is also known as a big supporter of learning and development, and has extensive mentoring programs for junior employees. Ernst & Young, on the other hand, is one of the smaller of the Big Four, but has revenues of $37 billion. Its revenues are also increasing, with the firm reporting growth of 4% over the past two years.
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