Deloitte, EY, PwC, KPMG - Which Big 4 Firm Is Right For You?

deoe PWC ey and KPMG if you have a chance at working at one of these firms which one should you choose which of these firms is the best one to work at you'll find out by the end of this video deoe PWC ey and KPMG are collectively known as the big four they get their name the big four because they're the four biggest professional service companies in the world in fact together last year they produced over $200 billion in Revenue while employing over 1.1 million people to put it in another way if the big four were its own country they would be the 25th wealthiest country in the world and on a per capita basis they would be the third wealthiest country in the world a career at any of these companies would not only change your career but also change your life so let's dive in we'll start off with deoe which was the oldest of the big four being established in 1845 but not only is deoe the oldest of the big four it's also the largest in terms of employee count in terms of presence and in terms of Revenue deoy has over 700 offices across more than 150 countries and employs over 450,000 people and last year deoy made over over $64 billion making it the largest by revenue of the big four like the other members of the big four which we'll go into later on Theo makes his money through his Consulting practice his auditing practice as advisory practice and his tax and legal practices we'll go into a little bit more detail later but one thing you should know is deoe stands out when it comes to its technology practice as well as its implementation practice the second largest of the big four is PwC which came as a result of a merger in 1998 in similar deoy PWC also has over 700 offices across more than 150 countries and employ currently more than 360,000 people and last year PWC made over $53 billion across its Consulting practice advisory practice auditing practice and legal and tax services one of the things that makes PWC stand out though is its transaction advisory service next we have ey which came as a merder in 1989 and as you can guess from the name the merger came from the e which is Ernest and Whitney and Y young company in similar to deoe and PWC eyi also has over 700 offices across more than 150 countries and they employ over 300,000 people last year ey made over $49 billion finally you have KPMG which is the smallest of big four but it's not small by any means KPMG was also established as a series of mergers in 1987 and currently right now it has over 650 offices across 147 countries and employs over 200,000 people last year KPMG made over $36 billion across his multiple practices with a growing practice in Consulting especially within its digital transformation practice now you know more about the size of the big four I want you to look at where the revenue comes from so I made this chart for you to explain where you can see the revenue here as you can see I want you to notice that two things stands out which is that regardless of the big four the two big practices that among all of them is their Consulting advisory practice as well as their audit and Assurance this is like the bread and butter for all of these I want you to see where do they make this money from besides where the revenue comes from there's a lot of similarities when it comes to working at these firms so let's talk about what they are so first off no matter which one you pick they all have a global presence and a global name in fact all of the Fortune 500 companies are served by at least one of these big four company so no matter which one you come to having a name like KPMG deoe PWC y on your resume is going to stay with you for the rest of your life second the work life balance is quite similar you're going to be expected to work anywhere between 45 to 55 hours on average but some projects might be higher than 70 hours it depends on the project but the work life balance is very similar third is that each of these big four really invests in your people so no matter which firm you pick you're going to get access to training materials from the day you start so for example deoe has something called deoe University which is this library of online courses that you can take anytime you want in fact when I was going through the deoe university you can see that there's over 6 million hours of material in there that you can learn but just from personal experience though this should not be the only reason why you want to work at a big four because while it is 6 million hours of footage let's be honest you're not going to go through all of them and you're really just going to focus on the ones that are relevant to your case or just a personal interest so it should not be the only one but just know that there are libraries like these among all big four companies and you can tell that the career development and it's how development works because it opens up a lot of exit opportunities for all the people who go through but before you have all the benefits of working at a big four you actually have to get in and so the recruiting process luckily is very similar there are three phases for each of these firms there's the application Phase where you submit your resume and cou letter there's the online assessment phase where you take a series of online assessments and a third is when you're called into interviews I won't cover it in this video because I actually have videos that outline each of these three phases in for each of the firms so in total there's a lot of videos that cover this I'll link that in the description so if you're for example going to KPMG and take the online assessment you can go to that video so now we talked a lot about these firms you're probably thinking wow there's a lot of similarities so Davis what actually makes them different and it comes down to one word culture which is the collective attitudes of every single person who works at a firm but what does that actually mean for these firms and how do we find out about the culture luckily for you I've spent over 40 hours talking to current and former big four employees to find out what makes their firm so different I'm sharing with you what I learned talking one-on-one with employees and ex-employees at these firms and also reading through hundreds and thousands of glass door reviews all right so this is what I found out so we'll start with what makes the culture very similar and then we'll talk about the nuances of each of the four so collectively across the three things you're going to find three positives when it comes to working at any of the big four the first is that you get to work with really great people and colleagues second is that you get professional growth that you're rarely going to find anywhere else and third you get really great benefits but with these Pros also comes two common cons across all four the first is that you're going to be working a lot of hours compared to your friends who aren't working into big four or aren't working in Consulting and second is that because you're working long hours you have to make comp Rises when it comes to your personal life so just be prepared for that I'm going to share with you what makes each culture unique so that you can consider which one to take for example when it comes to deoe you can actually expect longer hours working at deoe compared to the other big four but the benefit of this is that deoy invests a lot more per capita compared to the other big four when it comes to staff development so you can get a lot more training a lot of more career development at Deo but it comes at a cost of working longer hours at PWC one of things you're going to find from PWC employees and former employees is how connected the PWC network is no matter if you're working across different offices different countries or different projects there's just something about PWC and bringing people together even if they're working on different projects different countries and different offices but one of the cons that I saw of working at PWC compared to others is that they can often times move a lot slower so there is a little bit of bureaucracy when it comes to getting new ideas implemented and making changes when it comes to ey one of the benefits is that they offer a rotational program that allows you to see different parts of the company work with different projects different clients different offices so that's a huge perk for for people who work at eyi however one note is that compared to the other firms the project selection could sometimes feel limited depending on when you're up for Staffing at KPMG the project selection feels the smallest because it is also the smallest of the big four but because of that though there are two benefits which is the work life balance here at KPMG is a lot better compared to the other big four and then second is that KPMG actively works on reducing its turn rate so you can expect to see a lot of efforts and initiatives to make sure that you're there long term hence the better work life balance compared to the other big four so now you know a bit about what makes each of the cultures is different which one is the right fit for you when I think about this when I work with clients who manage to land multiple offers across the big four company the question I always like to ask the people I work with is this what do you want to do after your time into big four and your answer will help you decide which offer to take and which place to apply to and the best way to know that and for me to share that with you is to share with you what happens afterwards so let's go through and actually look at where do people go after the firm I spent over 20 hours going through Linkedin to figure out what exit opportunities exist for the Big Four so you don't have to so here's my summary of what you can expect on average again these are just averages for example if you don't see a certain job on the list doesn't mean you can't get it it just means that it's not as common so this is what I found at deoy it was very common for people to go into roles in corporate strategy within especially Fortune 500 companies a lot of them went into entrepreneurship and many of them went into private equity and venture capital for PWC a lot of alums went into finance and advisory roles especially within mergers and acquisition teams many held leadership roles within government and public sector and many went into technology companies e had a diverse set of exit opportunities many people went into corporate strategy teams others went into marketing operations or product teams and many went into Finance especially within private Equity while for KPMG the exit opportunities I saw the most common were people exiting into Healthcare life sciences and even policymaking the lot of people also went on to technology companies including cyber security and even being consultants and in financial services largely within Banking and insurance was also another common exit opportunity so as you go through I want you to think about what do you want to do after Consulting and if there's a common exit opportunity among those then there's probably the right one for you but if you're unsure about what you want to do and you want to keep your options open then I recommend that you think about the culture that we covered earlier which is as you're going through the hiring process the recruiting process which person do you resonate with the most because if you want to get the most learning to decide what you want to do afterwards cuz you're undecided it's super important and this is probably the advice that I wish Evers had given me is to think about the culture of the people there because if you enjoy a culture when you come to work you're not going to feel like it's drudgery but you're actually going to learn and this is going to set you up for your longer term term careers so there you have it now you know the differences between working at each of the four companies and what happens when you accept the job offer so I'm curious after you watch this video which big four stands out to you in fact if you comment below the firm that you want to apply to I'll send you additional resources to help you land the interview and also pass interview there for example if you type in deot below I'll send you some free resources to help you land your deot interviews and also prepare you for your de interviews as well and if you're 100% serious about becoming a Management Consultant at one of the big fours or another firm I'd love to help you even more here are my Consultants offer we're a team of former recruiters interviewers and Consultants who help people land jobs in management consulting firms like the big four and recently my team and I have put together a training that I want to give you access to for free all you have to do is click the link below and in the training you're going to learn how to L an interview at a big four as well as how to pass the interview at a big four or another major consulting firm I want to provide this resource for free because I want to help you get closer to Ling your job in Consulting we've helped over 800 people laying their Consulting offers and we've done it at a 90% success rate but you have to take my word for it actually hear from Wilson who used the same process Landing multiple big four offers before choosing one I'm actually going to link to his video next to my head so you can actually see his process going through Landing these offers and ultimately which are the big fours he actually took I'll see you in the next video

Channel: My Consulting Offer

Views: 4,964

Keywords: big 4, big 4 accounting firms, kpmg, #Big4Career, #ProfessionalServices, #CareerGuide, #JobSearch, #WorkAtBig4, #DeloittePwCEYKPMG, #JobOpportunities, #CareerDecision, #SuccessTips, #CorporateWorld, #JobSeekers, #CareerInsights, #EmploymentTips, #JobHunt, #CareerAdvice, Deloitte, EY, PwC, Consulting, ManagementConsultant, consultant

Id: B_rEFNQ2oKc

Length: 10min 13sec (613 seconds)

Published: Fri Feb 09 2024