BIG 4

BIG 4 ???

• Audit Firms• Consists of Four big Firms, namely; ---> Deloitte & Touche ---> Ernst & Young ---> KPMG ---> PWC (Pricewaterhousecoopers)

Company Profile

• Big Four are the four largest integrated international professional services network.

• These Four firms have entered into an agreements with other member firms to share a common name, brand and quality standards.

• They do extend their services for Public and Private companies.

• They created an oligopoly market in auditing large companies.

Services offered

• Audit• Assurance• Tax• Consulting• Advisory• Corporate Finance • Legal services

Aspiring to work for… Deloitte

• Largest Multinational professional services company.• Founded in 1845 by William Deloitte.• Headquartered at New York, USA.• Has 150+ offices worldwide.• Has total of 2,00,000 professionals.

Reported Fee Income

According to survey from (IAB)International Accounting BulletinSource:

http://economia.icaew.com/news/january-2014/deloitte-replaces-pwc-as-biggest-firm#content

Share in the Market

26%

26%21%

19%

4%5%0%0%

Turnover

Delloitte PwC EY KPMGGrant Thornton BDO RSM Tenon Smith & Williamson

Man Power

Total Employees Revenue per Employee

• Deloitte ------------------ 2,00,000 $1,62,000• PWC ------------------ 1,84,000 $1,74,456• Ernst & Young ---------- 1,75,000 $1,47,428• KPMG -------------------- 1,55,000 $1,50,968

Source: Wikipedia.org

Labour Vs Turnover

Deloitte KPMG Ernst & Young PWC0

20000

40000

60000

80000

100000

120000

140000

160000

180000

200000

Turnover in crores

Man power

Turnover in crores Man power

COMPANIES TURNOVER IN CRORES

MAN POWER

DELOITTE 194400 200000

KPMG 192600 184000

ERNST&YOUNG 140520 175000

PWC 154800 155000

Labour-capital

Delloitte PwC EY KPMG Grant Thornton BDO RSM Tenon

Labour capital ratio 0.6172 0.5607 0.7364 0.641 0.8444 0.1782 0.8

0.05

0.15

0.25

0.35

0.45

0.55

0.65

0.75

0.85

Professionals capital ratio

Labour capital ratio

Source: deloitte.com

Deloitte Company

Source: http://ir.theice.com/investors-and-media/stock-information/default.aspx

Career Path

• Knowledge of Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)

• Macro knowledge is a plus.

• Accountable for work accuracy.

• Recruits- brightest and the best – whatever

their specialisation.

Source: www.fresherupdate.com

Continued..• Undergrads come in as Analysts while MBA will usually come in as Consultant.• After that, you progress to Senior Consultant, Manager, Senior Manager, and finally Principal/Director.• Offers one month MBA Internship – consisting of 1 week of training and 3 weeks working on a project.

Deloitte offices in India• Present in 13 cities with a total strength of more than 5,000 employees.

Chennai office

Old No.37, New no 52,7th Floor, Asv N Ramana Tower,Venkatnarayana Road, T Nagar,Chennai- 600017TamilNadu

Source: Deloitte.com

•

THANK YOU ALL AND TO PROF. DR. JAMES DANIEL PAUL

HAYAGREEVAN GP14MBA1093FIRST MBA, BATCH IIVITBS CHENNAIHAYAGREEVA8@GMAIL.COM