The Big Four is the nickname of the four largest accounting firms in the United States, based on revenues. Deloitte Touche Tohmatsu (Deloitte), KPMG International (KPMG), PricewaterhouseCoopers (PwC) and Ernst & Young (EY) are the four firms that make up the Big Four. Comparing the top 3 consulting firms, known as MBB firms (McKinsey, Bain and BCG), to the Big Four is an interesting topic. The three main management consulting firms, also known as MBB firms, are McKinsey, Bain and BCG. These companies are not necessarily the biggest, but they are the most prestigious and can charge high fees from their clients.
The Big Four, on the other hand, refer to the top 4 accounting firms. These organizations may have branches of strategy that compete with MBB firms, but most of their businesses are related to accounting. Let's make a comparison between the top 3 and the top 4 consulting firms and see what some of the differences are. Deloitte has a tax consulting division, for example, which is basically a tax advice service for large companies. The Big Four have also invested heavily in management consulting and have acquired many management consulting firms. The three MBB firms are also known as the Big Three Consulting Firms because they are the largest and most prestigious management consulting companies.
These groups perform the type of consulting work that is most similar to traditional management consulting. In some countries, Big 4 Consulting offers some of the best opportunities in this field. Consulting work in the big four accounting firms tends to focus on implementation, such as helping a company establish a new process or technology or helping a company implement recommendations that other management consulting firms had already made. In general, very few consultants would put a job offer from the four big companies above another of the top ten strategy consultancies. When it comes to deciding which firm to apply to, it's important to consider both MBB and Big Four Consulting Firms. Each has its own advantages and disadvantages, so it's important to weigh them carefully before making a decision.
The Big Four offer great opportunities for those looking for a career in accounting or finance, while MBB firms offer more prestige and higher salaries for those looking for a career in strategy.