Big four brexit impact UK

Hi there,

I work in a small firm in Madrid but moving to London shortly. I have a also a British passport.

I’m hoping to get a job in one of the big 4 in London at some point.

I’ve noticed that the big 4 are currently advertising many more jobs in continental Europe than in the UK and I was wondering if this is perhaps a trend after brexit? This is based mostly on info from LinkedIn. I mean Deloitte seems to be looking for over 5k employees in Germany and just over 100 in the UK which I find surprising given the size of their Uk operations is significantly bigger… KPMG is looking for 300 people in the Netherlands and only 100 in the UK. Anyone working in these companies is aware of this?

While banks are recently hiring more people in continental Europe they still have many more vacancies in the UK (particularly American banks) so I’m wondering if the big 4 are affected differently and it’s not very well documented as far as I’m aware.

thanks in advance!

 

I recently received an offer from one of the strategy houses within the Big 4 and they had their largest intake ever this year. I was rejected by another Big 4 a few months ago and their hiring needs are so big that they started an additional hiring process (where I got an interview invitation for the same cycle I was previously rejected for...). Not sure if it's the same across all their areas of business but Big 4 strategy consulting is hiring more people in the UK than even before.

 
Most Helpful

To answer your point more directly: it's possible that (1) not all positions are advertised on LinkedIn, and that (2) it's not the best indicator of hiring numbers either way (one listing can be for a position with just one vacancy whereas another can be a position that has 50 vacancies)

 

Thanks! I thought about that, however I try to compare it with the job openings in their websites and it seems to match what’s in LinkedIn. I agree its not very accurate in any case…. 
EY has almost 3.5k openings in Germany, in line with the UK and I wonder if this has always been the case. I don’t think so considering the size of their German operations so far. Do these firms need to have people in the EU? Perhaps if they think that’s where the action will be? If someone from the inside has further information  please share away!

 

The German consulting market is much bigger than the UK so would make sense. The other thing is that the Big 4 have everything from audit to tax so it's quite meaningless to think about it. In the end, how does it matter for you what their sizes are in other countries if you want to work in London?

 

Parthenon started recruiting again because they didn’t get enough hires from their original interview process, but they aren’t hiring more than they originally wanted. Strategy& have a big intake this year because ridiculous amounts of churn…

 

Est aperiam molestiae in expedita quae quia. Vel nam esse ullam enim aut culpa. Iste quos unde nesciunt. Sint nobis omnis quia voluptatem facilis repellendus. Aut aliquam totam voluptas quis suscipit est minus.

Deserunt perspiciatis maxime a dolor. Non cum ex veritatis et culpa. Molestiae animi enim esse odit possimus.

Career Advancement Opportunities

March 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

March 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

March 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

March 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (99) $225
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • 3rd+ Year Associate (108) $130
  • Senior Consultant (329) $130
  • Consultant (585) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (145) $115
  • Engineer (6) $114
  • 2nd Year Analyst (342) $102
  • Associate Consultant (165) $98
  • 1st Year Analyst (1046) $87
  • Intern/Summer Associate (187) $84
  • Intern/Summer Analyst (547) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”