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?
When it comes to Big4, the group you’re in at the firm is usually more important than the firm itself. So generally speaking Deloitte > EY, but EY Parthenon is dramatically better than Deloitte Human Capital.
Deloitte Strategy & Operations is where you should be aiming for. And in there either focus on corporate or operational strategy.
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.
Where would Monitor Deloitte fit in for strategy?
Monitor is a lot like Parthenon in that they were swallowed up by Big 4. Monitor was very separate at first (even different office locations), now, everything is more or less under 1 roof. The ex-Monitor people are all in the same groups as the ex-Deloitte people. The Monitor partners still focus more on corp strategy "where to play / how to win") than implementation strategy, but it is far less us vs. them these days.
Europe would be more or less S&, EY-P, Deloitte, KPMG (if they have strategy here?) in broad terms, but obviously depends on practice, partner, capability etc etc.
Agreed - S& is pretty present while KPMG is way behind.
If you have an offer from EY and want to talk about it offline, more than happy to take a few IMs or jump on a call to discuss. Specifically if you want a breakdown of the groups/offices/regions, as there have been some drastic structural changes (for the better) in the last years.
From a macro view, pretty much depends what group you are looking to go in as apples to apples they are all evenly matched (Deloitte having the largest but also the longest history), albeit KPMG is generally the ugly sister of the group outside of a couple FS practices
In my experience working at a Big4 and competing against other Big4 and MBB's, I would rate Deloitte and EY (if Parthenon) the top in the bunch. I don't run into PWC much and never, ever see KPMG.
If you are at target/near target UG school, 3.5+ GPA, ~700 GMAT and throw 4 years of Deloitte in there, you will be all set for a top 10 MBA program. I know this bc I did campus recruiting and saw these guys on campus / was involved at the firm level.
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.
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