The four big accounting firms are Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY) and KPMG. They are renowned professional services firms. They are professional services firms that are recognized around the world for their reputation and prestige. The comparison between the top 3 consulting firms and the 4 big ones is an interesting comparison.
The three main management consulting firms are McKinsey, Bain and BCG, known as MBB firms. They are not necessarily the biggest firms, but rather the firms with the most prestige and that can demand high fees from their clients. The big 4 refer to the top 4 accounting firms. These firms may have branches of strategy that compete with MBB firms, but most of their businesses are related to accounting.
So let's make a small comparison between the top 3 and the top 4 consulting firms and see what some of the differences are. If you're looking for which companies to apply to, this should provide you with some great facts to consider. As for the main beneficiaries of this sustained growth, the four largest accounting and consulting firms known as the Big Four (Deloitte, EY, KPMG and PwC) have a significant market share of 39%. In the big four accounting firms, professional progress is slower and it usually takes about 15 years to partner up.
Despite the influx of rapidly growing start-ups into the consulting world, experts from major analysis firms, such as ALM, IDC and Gartner, predict that this consolidation will continue. Often, people say that they go to major accounting consulting firms without knowing what they are talking about. As the firm continues to invest heavily in its strategy agency Parthenon-EY, an 11% increase in total revenues made the consultancy gain ground against its competitors. In general, if you work in one of the three major firms, you will have more project rotations than if you work in one of the four large firms.
To avoid becoming spectators in the race for digitalization, companies of all sizes are hiring consultants to help them in their technological and business transformations. In MBB firms, the three main firms, you will be paid Delta more, a little more, than you would be paid in Deloitte's around the world. And then, PwC Strategy& is still trying to decide if it operates as the same company or as a different company. These three firms are also known as the Big Three Consulting Firms because they are the largest and most prestigious management consulting firms.
There are six main differences between the consulting work carried out by the four major accounting firms and that of MBB. Analysis of the United Kingdom Based on data from a major analyst firm, the 10 largest consulting firms maintain a firm position on most of the market activity, which seems to experience constant growth over the next two years. Consulting work in the big four accounting firms tends to focus on implementation, for example, helping a company establish a new process or technology or helping a company implement recommendations that other management consulting firms had already made. Another part of the fact that PwC is the first of the best tax consulting firms in the world is the recent acquisition of GE's tax department.