Is McKinsey better than Big 4?
The Big 4 firms are much larger than MBB, in terms of revenue and employee number. As of 2019, the four largest consulting firms in terms of revenue are the consulting branches of the Big 4 firms. They surpass the more prestigious MBB firms (McKinsey, BCG.
In 2021, McKinsey & Company was rated as the most prestigious consulting firm in the United States with a 8.98 rating. Of all the consultancy firms, the best known are the Big Four, accounting for almost 40 percent of the global market - Deloitte, PwC (Pricewaterhouse Coopers) , EY ( Ernst & Young) and KPMG.
Bain is the best consulting firm to work for
McKinsey and BCG both have 15 top-five rankings. Along with the expected strong performances in areas like compensation—Bain pays new MBA hires more than $170k—it outperforms the other Big Three consultancies for firm culture, satisfaction, and formal training.
The Big Four are the world's largest consulting firms, accounting for nearly 40% of the industry's $150 billion global market. PwC, Deloitte, EY and KPMG are followed by US strategy giants McKinsey & Company and The Boston Consulting Group.
- #1. McKinsey & Company. ...
- #2. Boston Consulting Group. ...
- #3. Bain & Company. ...
- #4. Deloitte Consulting LLP. ...
- #5. PwC Advisory/Strategy& ...
- #6. EY-Parthenon. ...
- #7. Accenture. ...
- #8.
PwC is the most prestigious of the four and people working there know it. The firm's reputation and solid audit business means there's a sense of stability you might not find at Deloitte for example. Deloitte is smaller than PwC in the UK and keen to catch up.
McKinsey & Company employees rated their CEO Approval 5% higher than EY employees rated theirs. McKinsey & Company employees rated their % Recommend to a friend 11% higher than EY employees rated theirs. McKinsey & Company employees rated their Positive Business Outlook 11% higher than EY employees rated theirs.
Within MBB firms, McKinsey is the most prestigious and well-known, both inside and outside the industry. This is the result of their early and continuing success in maintaining extremely high standards in recruitment and project deliverables.
It will be harder to get into McKinsey after Google than into Google after McKinsey. Once working for Google, it will be hard to work in a different industry, whereas McKinsey will offer a wider choice of industries.
Deloitte scored higher in 1 area: Work-life balance. McKinsey & Company scored higher in 7 areas: Overall Rating, Career Opportunities, Compensation & Benefits, Senior Management, Culture & Values, % Recommend to a friend and Positive Business Outlook. Both tied in 1 area: CEO Approval.
Is McKinsey better than Deloitte?
Deloitte scored higher in 1 area: Work-life balance. McKinsey & Company scored higher in 7 areas: Overall Rating, Career Opportunities, Compensation & Benefits, Senior Management, Culture & Values, % Recommend to a friend and Positive Business Outlook. Both tied in 1 area: CEO Approval.
Accenture's brand is ranked #124 in the list of Global Top 1000 Brands, as rated by customers of Accenture. Their current market cap is $168.12B. PwC's brand is ranked #184 in the list of Global Top 1000 Brands, as rated by customers of PwC. Their current valuation is $129.97M.
Deloitte gives you the opportunity to learn and develop through working with the best and exploring the paths that are best for you. We provide a globally connected network that offers cross-geography mobility opportunities and approachable leadership to foster your growth and development.
Like Goldman or J.P. Morgan in banking, the Big Four are prestigious firms that look good on any accountant's resume. They are climbing the ranks with their consulting businesses, too.