Best big 4 consulting dept?
I have to decide between big 4s for management consulting. I have offers(associate) from 2 big 4s and soon i'll ace the other 2 too but i still cant decide which one to join. I value work culture and entrepreneurship. Also, im aiming for a top 10 mba in future. I've heard deloitte and pwc are better. Views?
Strategy Consulting
Deloitte S&O > EY-Parthenon > Strategy& > KPMG Strategy
Management Consulting
Deloitte >= PwC > EY > KPMG
This is the trend I've seen (quality of candidates, reputation, what people are choosing over other similar offers, etc). Feel free to correct me if I'm off base with MC; the pecking order for strategy is pretty concrete and generally known.
Varies by region, but broadly correct and applicable to the US, as far as I know. Europe can work a bit differently, so reaching out to people with experience there might be a good second source.
Deloitte S&O recently got re-org'd with the rest of Deloitte Consulting -- there's effectively no difference in pay anymore between them and the rest of Deloitte, and talent has taken a nosedive as well.
Similar brand dilution happening in EY Parthenon -- EY TAS is now being branded as Parthenon, and some of those guys are dumb as rocks.
I'd be very skeptical of this ranking, and would make absolutely certain that you'd not be grouped in with the respective wider firms, before joining.
There might not be a difference in pay but the talent is still without a doubt on a different scale at Deloitte.
EY only merged one business unit in TAS with Parthenon. The OTS group. OTS was already doing operational work on M&A projects, so I'm not sure what you mean by dumb as rocks.. OTS is stuffed out the ass with Penn/Mich/Stanford/Cornell grads and was already arguably the most difficult group in vanilla EY TAS to get into.
You really think the organizational changes at those two firms will result in a change of the hierarchy in the consulting space? I don't think so. The client relationships and engagements are still there. Deloitte S&O/S&A with all of their big name clients and EY-P with their strong connections to financial sponsors will still take the cake in the B4 strategy space.
Never said anything about PwC or KPMG moving up.
I'm saying that because of their respective restructurings, from an external perspective, it's hard to discern which groups within Deloitte/Parthenon are good. S&O is now called S&A, and for anyone who isn't really in-tune with the happenings within Deloitte (i.e. headhunters and recruiters for exit opps), there's functionally no difference (in salary/titles) between someone from legacy Monitor and some Analytics dude who's lucked into the group via the re-org.
There are plenty of smart folks I know in both S&O and Parthenon -- they're just frustrated that there's less distinction between themselves and the rest of the firm now, which has hurt their future prospects. I'm saying these things to warn anyone looking to join these firms, not to debate over any petty ranking.
^ This, the top performers & distinguished groups will continue to reap the exit ops and MBA placements so it really shouldn't matter to those guys.
They just want something to whine about.
Previously B4, and currently at a boutique that hires a lot of ex-B4. With a few MBB/T2 hires now and then.
Strategy:
S&/EY-P >> Deloitte S&A > KPMG Strategy
Disagree that Deloitte is top dog here. They just aren't competitive when S&/EY-P pays a solid 40-60% at most levels. If you have a choice, definitely pick EY-P/S&, otherwise you'll regret making significantly less. At my current firm it's easy to recruit Deloitte S&A and ACN Strat but extremely difficult for EY-P/S& because we'd have to pay so much more.
General B4:
Deloitte Consulting > PwC > EY > KPMG > Deloitte Advisory (Deloitte Advisory =/= Deloitte Consulting)
There is not much difference between the 4, although in recent years Deloitte and PwC seem to be pulling away from EY and KPMG. Also, Deloitte is a much more consultant friendly organization with their former CEO a consultant himself. It makes Deloitte a much more consulting friendly organization compared to an audit run B4.