Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC) are the four of the top accounting companies to work for. They are the best choice for the individual looking for quick growth and a lucrative salary, both in one place.
A quick overview of the firms
PwC is the largest by revenue and the most prestigious of the Big Four with a strong and established audit client base.
PwC – Best culture and work-life balance of the Big 4 | Glassdoor.
Overall Comparison and Trends: A Holistic View
|Ernst & Young
22 thg 6, 2023
Which big 4 accounting firm pays the most Well it depends on which practice you want to go into. If you want to make the most money in consulting, Deloitte pays the best. However if you want to make the most money in auditing or tax PwC is likely your best bet.
Typically, the Big 4 apply specific, predetermined tools to problems within defined subsets of the client company. This is very different from the Big 3 consulting firms, which employ more wide-ranging, free-form solution-finding processes and deal with the client company as a whole.
Deloitte partners made 889,000 in 2019. The average deloitte partner salary was as high as 1,000,000 in 2021. They make the highest partner salary out of any of the big 4 firms.
The Big Four – additional information
In 2022, Deloitte employed the largest number of people with approximately 412,000. Founded in London in 1845 and headquartered in New York today, Combined, the Big Four employed almost 1.5 million people worldwide in 2022.
Big 4 also provide new starters with skills that will be highly valuable by other employers, such as always pushing yourself to go the extra-mile whilst providing an outstanding quality of work and being efficient. Once on board, starters follow a challenging internal training programme.
EY's acceptance rate is 3.5% in 2019. Harvard received 43,330 applications for the class of 2023 and admitted only 1,950, for a rate of 4.5%.
Boston Consulting Group scored higher in 10 areas: Overall Rating, Culture & Values, Diversity and Inclusion, Work-life balance, Senior Management, Compensation & Benefits, Career Opportunities, CEO Approval, Recommend to a friend and Positive Business Outlook.
With the organisational structure being flatter within the Big 3, you will also be more likely to work alongside industry leaders, which can be very exciting. Alternatively, work at the Big 4 is directed more at middle management and the exposure to CEOs and industry heavyweights is less frequent.
BDO is most highly rated for Culture and RSM is most highly rated for Compensation and benefits.
If you do not reasonate with the work and don't see a future for yourself in an organisation, it's absolutely ok to leave at any point of time. However, one year might be too soon to make that decision as it takes time to understand, explore and get used to the work especially in a Big 4.
On Deloitte, the study said "Landing a job at Deloitte is more competitive than securing a freshman spot at Harvard. Only 2.4 percent of Deloitte's 3 million applicants received jobs last year versus Harvard's 5.4-percent acceptance rate. Deloitte is obsessed with hiring leaders — and training them to be even better.
Can be stressful at times. Great company. Business Consultant: Pros: EY is a great company to work for because it gives you the opportunity to grow, learn, and develop your skills.
Because McKinsey hires candidates early on into specific areas of expertise, they're more open to considering applications from candidates who've chosen not to go the typical MBA route. If your education and/or work experience is “outside the norm,” McKinsey is more likely to consider you than BCG or Bain.
Deloitte scored higher in 3 areas: Culture & Values, Work-life balance and Positive Business Outlook. Boston Consulting Group scored higher in 2 areas: Compensation & Benefits and Recommend to a friend. Both tied in 4 areas: Overall Rating, Diversity and Inclusion, Senior Management and Career Opportunities.
Deloitte scored higher in 10 areas: Overall Rating, Culture & Values, Diversity and Inclusion, Work-life balance, Senior Management, Compensation & Benefits, Career Opportunities, CEO Approval, Recommend to a friend and Positive Business Outlook.
RSM scored higher in 5 areas: Work-life balance, Senior Management, Compensation & Benefits, Career Opportunities and Positive Business Outlook. Both tied in 2 areas: Overall Rating and Culture & Values.
Whether you joined a Big 4 as a springboard for your career or were set on making partner, we generally advise professionals to make a move around three to six years of experience, in order not to leave either too early or too far into their Big 4 career.
Often times, staff think the partners work “all the time” when, in fact, they don't. Staff average 2,250 hours per year (remember, this includes vacation, holiday and sick time), and partners average 2,450. That's 170 overtime hours for staff, most of which is worked during the tax season.
The Big 4 are the four largest international accounting and professional services firms. They are Deloitte, EY, KPMG and PwC. Each provides audit, tax, consulting and financial advisory services to major corporations.
To be considered for a Deloitte internship, you must have completed at least two years of college or university, have a minimum grade point average of 3.0 (for most internships) and have excellent communication and problem-solving skills.
EY (Ernst & Young) pays its employees an average of $88,776 a year. Salaries at EY (Ernst & Young) range from an average of $53,920 to $154,273 a year.