Is Deloitte A Tier 1 Company?

Is Deloitte A Tier 1 Company
Tier 1 is the MBB – McKinsey, BCG, Bain. Big 4 – PwC, KPMG, EY, Deloitte.

Is Deloitte a Tier 1?

Tier 2 consulting firms include Deloitte, Strategy& (PwC), LEK, Oliver Wyman, EY-Parthenon, Accenture, AT Kearney, and Roland Berger. While these firms have strong brand recognition and prestige, their reputation is a step below the top three management consulting firms of McKinsey, Bain, and BCG.

McKinsey, Bain, and BCG are the most prestigious and well-known management consulting firms and are collectively known as MBB, Many tier 2 consulting firms do the same type of strategy and operations work that MBB does. However, MBB typically does more of the high-level strategy work. Additionally, the price of a consulting project from a tier 2 consulting firm is typically much less than MBB.

In terms of professional development, tier 2 consulting firms invest a lot in developing their employees’ soft skills and hard skills, just like MBB does. However, because tier 2 consulting firms are not able to attract the same top-caliber talent as MBB, you might learn a bit less at a tier 2 firm.


Strategy& (PwC)


Oliver Wyman



AT Kearney

Roland Berger

Is KPMG a Tier 1?

KPMG awarded Tier 1 ranking in World Tax 2022 – KPMG Luxembourg.

Is McKinsey a Tier 1?

The 11 Most Prestigious Consulting Firms in the World What are the most prestigious consulting firms in the world? While prestige should not be the only factor in deciding which consulting firm to work for, working for a prestigious consulting firm can provide you with a strong network and attractive exit opportunities.

  • To do this, we analyzed over 75 different consulting firms that were ranked by and,
  • We excluded consulting firms that are not management consulting firms, do not have a global presence, and do not serve a wide range of industries and functions.
  • Of the remaining management consulting firms, we grouped them into three different tiers:

Tier One: MBB (McKinsey, BCG, Bain)

Tier Two: Well Known Management Consulting Firms

The Rest: Lesser Known Management Consulting Firms

Tier 1: MBB (McKinsey, BCG, Bain) The top-tier consulting firms are collectively known as, which stands for McKinsey, BCG, and Bain. These three companies are the most prestigious management consulting firms to work for. MBB hires the smartest people, pays the highest compensation, and has the best exit opportunities.

These firms have the biggest name clients and charge the highest billing rates. McKinsey & Company : The oldest and largest firm out of MBB has over 30,000 employees, 130+ offices around the world, and $10.5B in annual revenue. McKinsey is known as the “gold standard” in management consulting and is the most recognized management consulting firm in the world.

McKinsey hires the smartest and most talented people and has generated the greatest number of Fortune 500 CEOs. McKinsey has knowledge and expertise in all industries, but is the clear leader in healthcare, government, education, and public sector work.

Boston Consulting Group (BCG) : The second oldest and largest firm out of MBB has 21,000 employees, 90+ offices around the world, and $8.5B in annual revenue. BCG has knowledge and expertise in all industries. They are known for being academic thought leaders. Bain & Company : The smallest, but newest firm in MBB, Bain has 8,000 employees, 59 offices around the world, and $4.5B in annual revenue.

Bain has knowledge and expertise in all industries, but is the clear leader in private equity work. Bain is known for its amazing culture with an emphasis on being fun and collegial. Tier 2: Well Known Management Consulting Firms The next tier of consulting firms are all well-known, but do not have the same prestige as MBB.

Nevertheless, they are still management consulting firms that serve clients in a variety of industries and functions. Deloitte Strategy & Operations : Although part of the Big Four Accounting Firms, Deloitte does have consulting services, which is comprised of Strategy & Operations, Technology, and Human Capital.

Collectively, these generate $11.5B in annual revenues. Their management consulting division is known as the Strategy and Operations practice area. Oliver Wyman : A global management consulting firm that has a stronger presence in Europe and Asia. They have experience working in many different industries, but are best known for their expertise in the financial services sector.

  1. They have over 5,000 employees, 60+ offices around the world, and annual revenues of $2.1B.
  2. Strategy& (part of PwC) : PwC acquired Booz & Company in 2014, eventually rebranding it as Strategy&.
  3. They have over 3,800 employees, 75 offices around the world, and over $1.3B in annual revenues.
  4. EY-Parthenon : Parthenon was originally founded by two ex-Bain consultants.

They were acquired by Ernst & Young in 2014 to become EY-Parthenon. They have over 3,000 employees and 50+ offices worldwide. Accenture Strategy : While Accenture is primarily a technology consulting firm, it has a strategy consulting group and a management consulting group.

Accenture management consulting has over 8,000 employees and annual revenues of over $2.6B. Kearney : Formerly known as A.T. Kearney, Kearney is a global management consulting firm founded by a former partner at McKinsey. They have over 3,500 employees, 60 offices around the world, and annual revenues of $1.3B.

Roland Berger : A strategy consulting firm based in Germany. They have experience working in many different industries, but are best known for their expertise in serving industrial clients. They have over 2,700 employees, 40+ offices around the world, and annual revenues of $1.2B.L.E.K.

  1. The Rest: Lesser Known Management Consulting Firms
  2. This tier includes consulting firms that focus on management consulting, but do not have the global name or brand recognition that Tier Two management consulting firms have.
  3. A few of these firms include the following:

Arthur D. Little : The oldest management consulting firm that was founded in 1886. They have 1,200 employees in 40 offices around the world. They have a stronger presence in Europe. Simon-Kutcher & Partners : A global strategy consulting firm based in Germany with 1,200 employees and 38 different offices.

Altran : Engineering consulting firm

AlixPartners : Focused on company turnarounds, litigation consulting, and forensic accounting services

Alvarez & Marsal : Focused on bankruptcy, turnaround, and restructuring

Analysis Group : Economic consulting firm

Aon Hewitt : Focused on human capital consulting

Bates White : Economic consulting firm

BDO Consulting : Focused on public accounting, tax, and advisory

Berkeley Research Group : Focused on disputes and investigations and corporate finance

Booz Allen Hamilton : Focused on technology consulting services for the U.S. Federal Government

Brattle Group : Economic consulting firm

Bridgespan : Nonprofit consulting firm

Cambridge Group : A boutique consulting firm with less than 100 employees

Capgemini : Focused on technology, outsourcing, and other professional services

Censeo Consulting Group: Focused on government work

CGI Group : Technology consulting firm

Charles River Associates : Economic consulting firm

Cisco Systems Consulting : Technology consulting firm

Clearview Healthcare : Focused on life sciences consulting

Cognizant Technology Solutions : Technology consulting firm

Cornerstone Research : Economic consulting firm

FTI Consulting : Economic consulting firm

Gallup Consulting : Analytics and advisory company

Grant Thornton : Focused on assurance, tax, and advisory services

Hitachi Consulting : Technology consulting firm

HP Enterprise Technology Services : Technology consulting firm

Huron Consulting Group : Focused on healthcare consulting

IBM Global Services : Technology consulting firm

Infosys Consulting : Technology consulting firm

Insight Sourcing Group : Focused on procurement and sourcing

Jabian Consulting : Local consultancy with offices only in a few U.S. cities

Mercer : Focused on human resources consulting

NERA : Economic consulting firm

Novantas : Focused on analytic advisory services and technology solutions

Oracle Consulting : Technology consulting firm

Perficient : Focused on creative services, marketing, and platform implementations

Point B : Focused on venture investment, advisory, and property development

Protiviti : Focused on internal audit, risk and compliance, technology, and business processes

Putnam Associates : Focused on healthcare consulting

SAP Services Consulting : Technology consulting firm

Sapient Corporation : Digital business transformation firm

Slalom Consulting : Focused on technology consulting

Stroud Consulting : Operations consulting firm

Tata Consultancy : Technology consulting firm

The Advisory Board Company : Focused on researching best practices

ZS Associates : Consulting firm focused on software and technology

Land your Dream Consulting Job If you found this article helpful, you’ll love our comprehensive case interview course. The material in the course has helped 6,000+ students across 13+ countries land offers at top-tier consulting firms such as McKinsey, BCG, and Bain., : The 11 Most Prestigious Consulting Firms in the World

Is Big 4 a Tier 2?

Big4 is a subset of Tier 2! So, Tier 1 is only The Big Three (MBB).

Is Deloitte in the top 4?

The Bottom Line – The Big Four refers to the four largest accounting firms in the U.S. While they employ a great number of people, these firms also have their critics. Primarily, people criticize them for not asking clients the tough questions necessary to uncover fraud.

Is Deloitte one of the top 4?

Big Four Explained – Big four, also known as the final 4, comprises the four largest accounting and professional services firms with an international presence. For the majority of publicly traded companies, auditing work is being performed by these big four firms.

These include Deloitte, PricewaterhouseCoopers, KPMG, and Ernst & young. Apart from these, several other firms provide a similar types of services but are small compared to them. Moving into the big four history brings one to the big eight firms that existed in the past and got reduced to the big four firms when the consolidations happened between the 1990s and the early 2000s.

The consolidations which took place and led to the rise of the big four are as follows:

  • Arthur, young with Ernst & Whinney.
  • Price Waterhouse with the Coopers & Lybrand.
  • Deloitte Haskins sells with the touché Ross Tohmatsu.
  • On Arthur Andersen, many lawsuits for audit malfeasance were put due to which it went out of business forcibly.

For many large public companies, auditing work is being performed by these top firms.

Is monitor Deloitte Tier 2?

Best answer Hi there, Thank you for this question! It’s not stupid at all. Everyone starts somewhere and I believe the answers by our case coaches have helped a lot of candidates to get a feeling of the industry. If you have already decided to give your career in management consulting a chance, we have some valuable resources you should definitely check out before applying and during your preparation.

I will try to give you a chronological timeline: 1. Before applying Make sure to read our consulting resume guide ! Since the CV in consulting looks quite different from the CV when applying in other industries, it is important to be aware of these differences and make an instant good impression ! 2.

Initial tests If your CV convinced the recruiters, you will probably receive an invitation. Sometimes this hurdle comes in form of an online test, Consulting firms conduct different tests such as the Problem Solving Game by McKinsey or the BCG Online Case by BCG.

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It is important that you inform yourself about the different processes within the company and, if needed, practice for these kinds of assessments.3. The actual case interview The probably most feared part of the recruitment process in management consulting is the case interview, Make sure to read through our case interview guide to learn the process and important skills that are needed for the interview.4.

Personal Fit You might have already heard of the personal fit interview. We already offer some articles that help you answer such questions during the interview:

Consulting Interview Questions – Example Questions and Answers for Your Interview in Management Consulting Tell Me About Yourself – Interview Questions: Why Me? Why Consulting? Why Company? McKinsey PEI (Personal Experience Interview) – How to Prepare and Ace PEI Questions in the Best Way Possible Behavioral Interview Questions and Answers – How You Should Prepare and Respond” Why Consulting ?” – How to Deliver an Answer That Will Impress Your Interviewer

I hope I could give you some helpful insights and resources with this answer. Don’t hesitate to reach out if you have any further questions. I am happy to help! 🙂 All the best for your case interview preparation. Christine PrepLounge Community Management Hey there, Most consulting firms hire PhDs and all have a generalist track. These two are not mutually exclusive and PhDs are hired as generalists all the time. If you want to be sure and discuss your specific situation, reach out to HR of the firms you are interested in and clarify.

Siemens Consulting, as an engineering company, for sure is also looking for PhDs! Cheers, Florian Hello, I believe that most consulting firms are interested in hiring PhDs – generally you should be able to apply for Associate-level positions that are aimed at MBAs, and there is often a particular track for candidates coming from an academic background (ie.

you work with different recruiters, have a specific training program upon hiring, etc.). It seems like you are interested in the generalist track, but if you would also be interested in something closer to your specialty, you could take a look at expert tracks, applying to specific practice groups, and/or boutique consultancies that specialize in a particular industry.

  1. I’d recommend doing some research and reaching out to HR at any particular companies you would like to apply to where you aren’t sure which position you should apply for given your experience.
  2. Edited) Hi there, The definition of Tier 2 for strategy consulting is pretty “fluid”.
  3. Different people consider different companies as Tier 2.

In general, I would consider “clear” Tier 2: Oliver Wyman, Strategy&, Kearney and Roland Berger, However, that also depends on the country, In some geographies, some so-called Tier 2 are stronger than even MBB (eg, Strategy& in the Middle East is stronger than Bain).

Moreover, the same Tier 2 may have a very different penetration in different countries (eg Roland Berger in Germany has a very strong presence compared to the one they have in the United States). Brand management and marketing is not a clear focus for strategy consulting companies – that’s a very specific niche.

Usually you join as a generalist and may cover a variety of sectors. If you want to focus specifically on marketing from the beginning, you may want to look for a boutique (however exit opportunities with that will be more limited). Best, Francesco Hi, you already have exhaustive answers.

Let me just add as en example the “Tier1/Tier2/Tier 3” hiearchy in a specific country – Italy (best of my knowledge) This is “perception based” and not “set in stone” hierarchy. Moreover 1) hanging over time 2) Strongly dependent on PRACTICES/INDUSTRIES especially in Tier 2 / Tier 3 3) Not entirely fact-based / quality-based 🙂 Tier-1 1) McK → “oldest” Tier-1 presence in country.

Historically and still strongest in Banking, largest alumni network 2) BCG → strong contender to #1 with fast expansion. More balanced in terms of Practice/industry Strength 3) Bain → Very effective also in “mid-market” (e.g. smaller firms, PMIs, ) and constantly expanding.

  • Currently full part of Bain & company (historically run a bit “independently”.
  • Strongest in Luxury/Fashion historically and Consumers but present across the board Tier-2 1) Strategy&, Kearney – generalist with strongholds (e.g.
  • Earney in Procurement/Ops) 2) Alix Partners – strongholds in restructuring Tier 2/Tier-3 1) Lot of specialized “boutiques” (e.g.

Altman Solon for Telco, ZS for Pharma, ) can either be Tier 3 or 2 depending in which industry you are analyzing them: Altman Solon, ZS, OC&C, LEK,,2) Big-4 Consulting Arms: EY-Parthenon, Monitor Deloitte, Accenture Strategy → growing and poaching MBB talent with price points very different from Tier 1-2 Hope this helps Happy to deep dive here.

If anyone interested in Italy’s market Hi there, Big4 is a subset of Tier 2 ! So, Tier 1 is only The Big Three (MBB). Tier 2 is Big4 AND a bunch of others (you mentioned a few i.e. OW, LEK). The best way to check all os this and understand relative rankings is to simply google rankings 🙂 If you’d like to focus on brand management/marketing, you generally will need to go more boutique (i.e.

not Tier 1 OR Tier 2) Hi there, I am not sure any of those firms (MBB, tier2, Big4) focuses on marketing/ brand management. Regarding PE, Bain and EY-Parthenon are particularly strong in that area, quite above all other competitors. Regarding your question on tier2, Parthenon was able to retain its core values, practices and talent even after being acquired by EY (probably because the founder Bill Achtmeyer remained leading EY-P).

  1. Also because there was a well managed integration and no relevant overlap on how it was done.
  2. So definitely a Tier2 for EYP.
  3. Not sure whether this was the case for the other Big4 acquisitions/strategy arms in the US.
  4. Edited) I do agree with Sara’s sentiment on focusing on culture/people and the business focus alignment to your area of interest, but I am not sure how I feel about the segmentation.

I do agree there is not a hard line, but below is a different approach to how the industry might be segmented (read how folks describe the industry or folks in industry might perceive themselves): Strategy Consulting Firms: Main focus is to provide high level strategic advice to companies leadership (C-level and Board).

  1. They partake in other things, not limited to, but including implementation, operation etc.
  2. These companies would include: Tier 1- which typical refers to MBB Big 4 – Which refers to the Strategy side of Deloitte (Monitor), KPMG, PWC (Strategy&), EY (Parthenon) Tier 2- Typical Non Tier 1 or Big 4, could be called “Other Boutiques”- example could be Oliver Wyman, A.T.K, Accenture strategy, Z.S Associate and a host of others.

Management Consulting Firms: Now this includes everything including strategy consulting, IT, Supply Chain, Operations, Finance, Deals or M&A etc. again the companies above mostly offer such services, but the industry has its way of branding MBB as Strategy, Accenture as IT, A.T.K as operation and Big 4 as financial services based.

  • The irony is that they are all management consulting firms that do a bit of everything, so do more than the others do, but you can do strategy work or IT implementation work at most of those firms.
  • That being said, it is true that MBB gets a lot of strategy projects, but so does Monitor, Strategy& and Accenture Strategy, just like its true Accenture gets a ton of IT projects, but so does MBB and Deloitte.

I don’t have exact data to tell you who have what share, but point is you can end up doing what you want at any firm, if they offer/ sell the service you have interest in. More specific to your question on if they are the same globally, for the companies described above they operate globally, but sometimes with a slight change in focus (read what the business opportunity might be in that region – Houston firms focus on Energy, San Francisco’s would focus on Tech, Middle East- Oil and Gas and maybe Retail etc.) Obviously there is more to this, but hopefully this is sufficient to get you a sense of the current industry position.

Oliver Wyman Roland Berger Kearney Strategy&

Tier 3:

ZEB Simon Kucher Horvath Porsche Consulting Accenture Strategy + Big 4 strategy arms (although they are getting more and more integrated)

Hello, Great question. They do vary per country. However, as a general rule of thumb, top-tier refers to McKinsey, Bain and BCG. Tier 2: Here’s where things get a little geographically different and subjective. Typically firms like Roland Berger, Oliver Wyman, Kearney fall under T2.

  • Tier 3: Typically the management consulting arms of Big4 i.e.
  • Strategy& of PwC, Monitor Deloitte, EY Parthenon fall here.
  • Some even argue that boutique firms sit in Tier 3.
  • Best, Rushabh Germany: Tier 1: McKinsey BCG Strategy& (due to pay and prestige of the people they are hiring atm) Bain (depends – strong name, but a strong focus on PE here) Tier 2: Roland Berger Oliver Wyman AT Kearney SSCO (even though small pretty prestigious in Germany) Tier 3 EY Parthenon (took over OC&C) Simon Kucher Monitor Deloitte Accenture Strategy Zeb Hovarth LEK United States Tier 1: McKinsey BCG Bain The rest not so sure.

Hi Akshay, Tier-2 * Roland Berger *Oliver Wyman * Startegy& * Kearney Tier-3 *Big4 * Accenture * Boutique firms * Inhouse consulting Best, André Tier 1, 2 etc. is not an official neither a good definition. Therefore, if I were you, I would not take it into account too much.

  • When choosing a company to apply to, the most important thing to focus on is understanding which firm is right for you based on its culture and its business focus.
  • A very good way to differentiate consulting firms is their business focus.
  • To make a very simple distinction: – Some firms provide clients with a very high level strategic advice (here there are the so called MBB and other smaller firms); – After the high level guidelines are defined, other consultants must help the client at executing the initiative in the day to day business (there are here some big names such as Accenture, pwc and other firms).
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Of course the line that differentiate the two groups is not rigid. In addition, within each of these two groups, subgroups by the dimension “industry focus” can be identified. However, these largely vary from country to country. Don’t spend too much time looking at informal sayings and classifications.

You should look for the business culture you feel more confortable with. Having said this, the industry can indeed be classified in three groups, according to salary, type of work and exit: 1) Tier 1: MBB (McKinsey, BCG, Bain) 2) Tier 2: Accenture Strategy, AT Kearney, Oliver Wyman 3) Big Four: Monitor, Booz, Pantheon Tier 1 (global leaders): BCG, McKinsey, Bain Tier 2 (global players but not strong/present in every geography) : Roland Berger, Kearney, L.E.K., etc.

Tier 3 : Local boutique firms Hopefully this helps. Hi! To add on top what´s been said, the geography is a key thing here. What is not so relevant in one market, can be industry leader in another one. Clara Coming from Monitor Deloitte, one important aspect in considering Big4 vs.

MBB/ Boutiques in the breath of topics and size of project, you as well as the firm will work on / offer. Consulting units of Big 4 firms tend to offer a wider range of services. Therefore, even as a consultant in their strategy arm (such as Monitor) you can offer your clients specilized insights into almost every business problem by bringing the right expert to the table.

My personal benefits from that are constantly learning about areas outside my focus as well as resting assured that you’ll be covered whatever the client is asking for. For further questions feel free to reach out. Hi, Tier 1 are mainly the 3 top strategy firms, the MBB – McKinsey, Bain, BCG Tier 2 are e.g.

  1. Roland Berger, Oliver Wyman, Accenture strategy, strategy divisions of Big4 like Strategy&, Monitor, EY Parthenon, Tier 3 are the Big4 (KPMG, PWC, EY, Deloitte) and other consultancies like Capgemini etc.
  2. Cheers In addition to what other coaches have said, if you are keen on Marketing check out Accenture (Accenture Interactive).

Hi, At least in South East Asia there are several categorization but again this only a broad generalisatin and not rigid at all:

Tier 1 is the MBB – McKinsey, BCG, Bain Big 4 – PwC, KPMG, EY, Deloitte Tier 2 – Strategy&, Oliver Wayman, Kearney, Roland Berger, LEK

Best, Iman Hi there, I have been director in strategy consulting – for anybody new to the industry: If you seek to work in Germany/ Austria/ Switzerland: Please go and check the rankings of Brand Eins/ Statista where clients evaluate consulting firms into tier 1/2/3 by type of work and industry sector, not the HR marketing departments of the consulting firms.

  • Think out loud where you want to be in 5 – 10 years, and research which firm has the strongest footprint in this specific sector / field.
  • You will be surprised that some so called “tier 1 powerhouses” will not be your top pick after this excercise.
  • Well, the chart of top ten management consulting firms are available in almost every business journal and the top-notch players like Accenture, Deloitte and MC Kingsley are well-known names.

We have the list of top ten management consulting firms check here – But, many companies want to hire services of different companies who are no less than the above-mentioned names for obvious reasons.

What is a Tier 1 firm?

Sophistication of Work / Profile of Clients –

Tier 1 firms tend to be the most powerful and well-known firms nationally and in a given market. A Tier 1 firm will be regularly called upon to represent the largest companies, government entities, and others in the most important and high-profile legal matters in that market. Tier 1 law firms are more likely to have long-standing institutional relationships with well-known, national clients than Tier 2 and Tier 3 law firms. Tier 1 law firms have “top of mind” awareness among clients and other attorneys, especially for high stakes, complex “bet-the-business” legal matters. A Tier 1 law firm will regularly turn work down and refer it to other law firms—including work for its own clients. A Tier 1 law firm is less threatened about losing clients than Tier 1 or Tier 2 law firms.

What is Deloitte consulting ranked?

Deloitte ranked #4 ; also, ranked #1 best consulting firm for Operations Consulting and #2 for Public Sector Consulting, with top 5 rankings in almost every other category.

Which big4 is best for consulting?

The Big 4 Consulting Firms are PwC, Deloitte, EY, and KPMG. They are the top 4 Consulting firms in the world. They are well known for being the top audit firms in the world. The big four consulting firms are the largest professional service firms in the world.

The reason they have this designation is because of the number of employees they have to offer professional services to clients. The professional services they offer are audit services, tax services, and advisory services. For each firm, audit services provide their largest source of revenue. The Big 4 consulting & accounting firms are hiring a huge number of accounting graduates for their Indian as well as offshore functions in varied fields.

But getting into Big 4 accounting firms is not an easy task. Big Four firms have a variety of different divisions, including audit, consulting, tax, technology, and advisory. Before applying you need to be clear about where you want to work and why. At PWC, 50% of applicants go into audit/assurance.

The next biggest area of junior recruitment at the firm is consulting, followed by tax, advisory, actuarial, and technology. The Big Four are big on psychometric tests. You should expect them at the initial stages of your application process. PWC runs a selection of numerical tests, logical reasoning tests, and personality tests at the first stage of its selection process.

The professional services firm operates numerical and verbal reasoning tests along with a situational judgment test to assess how candidates will react in different scenarios. If you perform badly on the tests you’ll be out. Around 50% of the applicants are rejected following online tests.

Initial HR interview- In this round, HR would ask questions about the background of the candidate, career objectives as well as their strengths and weakness. First Technical round- Here the Manager/ Team Leader under which the candidate would be working takes the technical round of interviews. Partner/Director round- This round is taken by Partner/ Director. The interview may or may not happen for entry-level candidates. Final HR Round- Once all the above rounds are completed, a candidate has to appear for the final round of interviews with senior HR personal to finalize the candidate.

Big 4 accounting firms provide a very good career opportunity. Working in Big 4 also helps in overall personality development and monetary growth in the later stage of a career. So it’s important for all aspiring candidates desirous of making a career in the Big 4.

Is BCG or McKinsey more prestigious?

Acceptance rates – In terms of exclusivity and acceptance rates, McKinsey has a slight edge. The competition for getting hired at McKinsey is cutthroat, with about 200,000 applicants applying each year, and the acceptance rate is around 1.1%. McKinsey is considered to be the most prestigious of all consulting firms, so candidates who are lucky enough to have an offer from both firms generally select McKinsey. Is Deloitte A Tier 1 Company You can find more information about BCG on their recruitment page. Source: BCG

Is BCG Big 4?

A 6 min read Consulting is one of the most highly sought-after post-MBA careers. Consistently outpacing finance and other evergreen industries at Columbia, Chicago Booth, and MIT Sloan, Moreover, consulting firms continue to hire over 30% of MBA graduates consistently at several M7 and other top business schools,

The big four consulting firms that account for nearly 40% of the industry are PwC, Deloitte, EY, and KPMG. These are followed by McKinsey & Company and the BCG – US strategy giants. There are several reasons for an MBA graduate’s fascination with consulting careers. Be it the breakneck pace of learning on the job or being surrounded by extremely intelligent and accomplished peers, or the high salaries and bonuses a management consulting career offers.

The allure of consulting still pervades throughout and across the business school and MBA world. But how do employees of these top consulting firms rank their firms? That’s exactly the question which Vault’s annual ranking of the best consulting firms to work for aims to answer.

In this article, we take a deep dive into the rankings and present the Top consulting firms in 2023. Before that take a look at what Consulting firms look for in a candidate: Here is an outline of the article: Begin your GMAT preparation with the only prep company that has delivered more 700+ scores than any other GMAT club partner.

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Is BCG better than Deloitte?

Boston Consulting Group scored higher in 5 areas: Compensation & Benefits, Career Opportunities, CEO Approval, Recommend to a friend and Positive Business Outlook. Both tied in 2 areas: Overall Rating and Diversity & Inclusion.

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What is the acceptance rate for Deloitte?

Very hard indeed. A recent article in The Time exploring the Big Four (and KPMG, especially) revealed that PwC had an acceptance rate in 2022 of approximately 2.5%, based on the 304,000 applications it received to its 7,500 roles (including 2,000 entry level ones).

  1. That rate that isn’t quite as competitive as Goldman Sachs’ 1.5% or Blackstone’s 0.6%, but still damn tight – and tougher in fact than both Harvard and Oxford university’s acceptance rates (3.2% and 14%, respectively).
  2. Parsing exact application numbers for the Big Four is very difficult – they are rather secretive about it all (not surprisingly, given that they’re private companies).

We can estimate that based on job openings for students, Deloitte’s acceptance rate is around 3.7% (which makes sense, considering it’s also the biggest of the Big Four), based on 2,500 entry level job openings and 250,000 total applicants (which includes applicants to non-entry level roles).

  • EY and PwC are harder to estimate.
  • EY is the second biggest of the Big Four in terms of headcount, which lends credence to this claim in 2019 that their acceptance rate was approximately 3.5%, based on 69,000 global hires from 2,000,000 global applicants.
  • PMG, it is believed, had 50,000 internship applications in the United States alone for 3,900 roles, which suggests that 8% of applicants received an offer.

This might be related to the fact that KPMG has a smaller consulting arm (consulting being harder to get into than accounting) than the other Big Four. Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for jobs in finance and technology.

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Is Deloitte a big 5?

The Big Five at this point in time were: Arthur Andersen. Deloitte & Touche. Ernst & Young.

Is Deloitte one of the Big 5?

The Big 4 refers to the four biggest accounting firms globally, as measured by revenue. It used to be the Big 8 before a series of mergers and one spectacular collapse saw the number reduced by half. The accountancy firms currently making up the Big 4 are Deloitte, EY (Ernst & Young), PwC (PricewaterhouseCoopers), and KPMG (Klynveld Peat Marwick Goerdeler).

  • All four of them offer the usual auditing services provided by smaller accounting firms, although usually on a much larger scale.
  • They also provide a wide range of tax, strategy and management consulting, as well as valuation, market research, assurance and legal advisory services.
  • They are able to offer this wide range of services because technically none of the Big Four are a single firm.

Instead each is a professional network of firms that are owned and managed independently. However, each firm within each network has entered into agreements with the other firms in that network to operate under the same banner and brand. Each network comprising the Big 4 also shares intellectual property and quality standards.

What is the Deloitte hierarchy?

The following is the typical Deloitte career path: Analyst (Undergraduate) Consultant (MBA or advanced degree) Senior Consultant. Manager. Senior Manager.

How much are Deloitte bonuses?

Deloitte salary table

Role Title Base Salary Bonus
Consultant $89,650 $8,500
Senior Consultant $129,720 $20,000
Manager $165,400 $20,750
Senior Manager $204,500 $39,800

Is Big 4 or Top 3 Consulting?

  • Revenue : $8bn+
  • Employees : 21,000+
  • Offices : 90+
  • Countries : 50
  1. Revenue : $8bn+
  2. Employees : 21,000+
  3. Offices : 90+
  4. Countries : 50

The Boston Consulting Group was founded in 1963 initially as the consulting arm of The Boston Safe Deposit and Trust Company in order to provide strategic advice to the bank’s clients. Eventually, the employees purchased full ownership of the consulting practice and became BCG as it is known today. The Big 4 consists of PwC, Deloitte, EY, and KPMG, They are historically accounting firms and have broadened into other professional services but there is little difference between each of them.

Which Big 4 pays the most?

– A commonly-asked question by the public is which firm pays the best. Unfortunately, this answer is somewhat subjective due to the many moving parts, including which country, region, city, sub-industry (e.g., consulting vs. audit), and position one refer to. Is Deloitte A Tier 1 Company According to, the firms are ranked Deloitte, PwC, EY, and KPMG in terms of revenue and size. Therefore, it can be understood that the higher up one is in the hierarchy (e.g., associate versus partner), the more substantial one’s pay will be. Similarly, your salary can range from $250,000 to low seven-figure pay when you reach a partner position.

Again, this takes around a decade to obtain but addresses the dispersed salary range. Moreover, in terms of salary, consultants are generally paid the most, followed by advisory, tax, and then audit/assurance. However, it is worth mentioning that salary differences can often be marginal depending on the experience and value of a particular employee.

Therefore, someone working as an associate in Deloitte’s consulting division may be making a similar salary to someone working as an associate in PwC’s advisory division. Like many jobs, salary ranges at the Big 4 paint a good picture but are not the be-all-end-all. Is Deloitte A Tier 1 Company As of 2022, PricewaterhouseCoopers has over 295,000 employees and generates over $45 billion in revenue. They are heavily involved in the consumer markets, financial services, health, technology, media, and telecommunications industries. PwC has training programs and seminars for current and potential employees online, free, and available to the general public.

  • Associate: $45,000 – $65,000
  • Senior Associate: $65,000 – $85,000
  • Manager: $100,000 – $130,000
  • Senior Manager: $150,000 – $180,000
  • Partner: $250,000+

Who are Tier 1 in a company?

What is the supply chain pyramid? – There are different levels or tiers to every industry’s supply chain, Let’s take the example of the automotive industry. Here, the original equipment manufacturer ( OEM ) is at the top of the supply chain pyramid. A tier 1 vendor is a company that is a direct supplier for an OEM.

Is Deloitte one of the Big 5?

The Big 4 refers to the four biggest accounting firms globally, as measured by revenue. It used to be the Big 8 before a series of mergers and one spectacular collapse saw the number reduced by half. The accountancy firms currently making up the Big 4 are Deloitte, EY (Ernst & Young), PwC (PricewaterhouseCoopers), and KPMG (Klynveld Peat Marwick Goerdeler).

All four of them offer the usual auditing services provided by smaller accounting firms, although usually on a much larger scale. They also provide a wide range of tax, strategy and management consulting, as well as valuation, market research, assurance and legal advisory services. They are able to offer this wide range of services because technically none of the Big Four are a single firm.

Instead each is a professional network of firms that are owned and managed independently. However, each firm within each network has entered into agreements with the other firms in that network to operate under the same banner and brand. Each network comprising the Big 4 also shares intellectual property and quality standards.

What category is Deloitte?

For the dance music group, see Deee-Lite,

Deloitte Touche Tohmatsu Limited

Trade name Deloitte
Type UK private company limited by guarantee
Industry Professional services
Founded 1845 ; 178 years ago in London, England
Founder William Welch Deloitte
Headquarters London, England
Area served Worldwide
Key people
  • Sharon Thorne ( Chairperson Deloitte Global)
  • Joseph B. Ucuzoglu ( CEO Deloitte Global)
  • Audit
  • Management consulting
  • Financial advisory
  • Risk advisory
  • Tax
  • Legal
Revenue US$59.3 billion (2022)
Number of employees 415,000 (2022)
Website www2,deloitte,com

Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of professionals in the world and is considered one of the Big Four accounting firms along with EY (Ernst & Young), KPMG and PricewaterhouseCoopers (PWC).

  1. The firm was founded by William Welch Deloitte in London in 1845 and expanded into the United States in 1890.
  2. It merged with Haskins & Sells to form Deloitte Haskins & Sells in 1972 and with Touche Ross in the US to form Deloitte & Touche in 1989.
  3. In 1993, the international firm was renamed Deloitte Touche Tohmatsu, later abbreviated to Deloitte.

In 2002, Arthur Andersen ‘s practice in the UK as well as several of that firm’s practices in Europe and North and South America agreed to merge with Deloitte. Subsequent acquisitions have included Monitor Group, a large strategy consulting business, in January 2013.

  1. The international firm is a UK private company, limited by guarantee, supported by a network of independent legal entities.
  2. Deloitte provides audit, consulting, financial advisory, risk advisory, tax, and legal services with approximately 415,000 professionals globally.
  3. In FY 2021, the network earned revenues of US$50.2 billion in aggregate.

As of 2020, Deloitte is the third-largest privately-owned company in the United States, according to Forbes, The firm has sponsored a number of activities and events including the 2012 Summer Olympics, Controversies involving the firm, in addition to litigation surrounding a few of its audits, have included its involvement in a “potentially misleading” report on illicit tobacco trading in Australia, the fact that it suffered a major cyber-attack which breached client confidentiality as well as exposing extensive employee information in September 2017, its role as internal auditor of the insolvent contractor Carillion and its role as external auditor of Autonomy which was accused of “accounting improprieties” that contributed to an £8.8 billion write-down of value following its acquisition by Hewlett-Packard in 2011.

What category does Deloitte come under?

Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax, and related services.