Which Big 4 Consulting Firm is the Best Choice? A Comprehensive Guide

The big four accounting firms - Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY) and KPMG - are renowned professional services firms that are recognized around the world for their prestige and reputation. But how do they compare to the top three management consulting firms - McKinsey, Bain, and BCG, also known as MBB firms? To help you decide which one is the best choice for you, let's take a closer look at the differences between these two types of consulting firms. The big four accounting firms are primarily known for their auditing and tax services. However, they all have a consulting or advisory branch that can compete with MBB firms in terms of strategy. The four big consultants who work in their consulting practice usually spend more than 6 to 12 months working for the same client and are therefore integrated into the client's organization, just like their employees.

On the other hand, the three best consultants usually spend 2 to 4 months or less working for a client and rarely specialize in an industry until much later in their career. Deloitte was the only one of the big four firms that maintained its consulting practice after the Enron scandal. Since then, they have expanded to markets adjacent to accounting, such as strategy consulting, operations, human resources, technology, and financial services. Consulting work at 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. Most of the work that McKinsey, BCG and Bain consultants do for their clients focuses on major strategic issues related to overall strategy, organization, marketing, operations, the digital world, and issues related to M&A. However, the Big Four do some strategy work, especially at the management consulting firms they have acquired.

Consequently, Big Four Company consultants tend to work with the client's middle management, rather than with senior management. In conclusion, when it comes to choosing between the top three consulting firms versus the big four accounting firms, it's important to understand the nuances so you can successfully apply to the firm that suits you best. The big four accounting firms offer implementation services while MBB firms focus on major strategic issues. Deloitte is the only one of the big four that has maintained its consulting practice after the Enron scandal. The course material has helped more than 6000 students from more than 13 countries to get offers from top-tier consulting firms such as McKinsey, BCG and Bain.

When making your decision between these two types of consulting firms, it's important to consider your own goals and objectives. If you're looking for a long-term career in consulting with a focus on implementation and integration into a client's organization, then one of the big four accounting firms may be your best choice. On the other hand, if you're looking for a shorter-term project with a focus on major strategic issues such as overall strategy or marketing operations then one of MBB firms may be your best bet. No matter which type of firm you choose to pursue your career in consulting with, it's important to remember that both types of firms offer great opportunities for growth and success. With hard work and dedication you can make your mark in either type of firm.

Leave Message

All fileds with * are required