Who are the Big 4 in finance?
The Big Four are the four largest global accounting firms—Deloitte, Ernst & Young (EY), PricewaterhouseCoopers (PwC), and Klynveld Peat Marwick Goerdeler (KPMG), as measured by revenue.
The financial sector is one of the largest portions of the S&P 500. The largest companies within the financial sector are some of the most recognizable banking institutions in the world, including the following: JPMorgan Chase (JPM) Wells Fargo (WFC)
The Big Four accounting firms
The leading accounting firms in the world are Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), and Klynveld Peat Marwick Goerdeler (KPMG). The firms provide their clients with various professional services that include auditing, corporate finance, and legal advice.
The Big 4 are the four largest international accounting and professional services firms. They are Deloitte, EY, KPMG and PwC.
The “big four banks” in the United States are JPMorgan Chase, Bank of America, Wells Fargo, and Citibank.
Culture and Values: KPMG places a strong emphasis on its core values of integrity, excellence, and teamwork. The firm aims to foster a collaborative and inclusive work environment where employees are encouraged to uphold these values in their interactions with clients and colleagues.
PwC is the largest by revenue and the most prestigious of the Big Four with a strong and established audit client base. Deloitte is just a fraction smaller than PwC. It gets significantly less of its revenue from audit services and more from consulting.
Deloitte scored higher in 7 areas: Overall Rating, Work-life balance, Senior Management, Compensation & Benefits, Career Opportunities, Recommend to a friend and Positive Business Outlook.
As of Feb 26, 2024, the average hourly pay for a Big Four Accounting in California is $34.43 an hour. While ZipRecruiter is seeing salaries as high as $94.42 and as low as $10.44, the majority of Big Four Accounting salaries currently range between $20.87 (25th percentile) to $36.06 (75th percentile) in California.
Deloitte Consulting is a brand name owned by Deloitte Touche Tohmatsu Ltd (DTTL), which is a UK limited company. DTTL has a network of member firms (which it doesn't own) that are independent of each other in terms of capital structure and liabilities, and are typically limited liability partnerships.
Which is the oldest Big 4?
Klynveld Peat Marwick Goerdeler (KPMG)
Among the Big 4, KPMG is the oldest firm, with its earliest parent company founded in 1818.
- Deloitte LLP is the number one firm in the United States (and in the world). ...
- PWC (PricewaterhouseCoopers) is ranked as the number two accounting firm in the world. ...
- Ernst & Young is rated number three out of the top 100 accounting firms in the world.
The Big 4 Accounting Firms - The Complete Guide
BlackRock, Vanguard, Fidelity, State Street Global Advisors, and J.P. Morgan Asset Management are the five largest financial advisory firms in the United States, ranked by assets under management (AUM). The size of these firms allows them to offer a multitude of services to their clients.
What is the No. 1 bank in America? J.P. Morgan Chase is the number one bank in America in terms of total assets held, according to the Federal Reserve.
When it comes to the most controversial tax-avoiding US technology companies, one common thread appears: the accountancy giant Ernst & Young (EY). The firm serves as auditor and tax adviser to Google, Apple, Facebook and Amazon – the businesses which have come under the most fire for avoiding taxes.
KPMG was fined 14.4 million pounds last year after providing false and misleading information to the FRC during spot checks on audits of Carillion and outsourcing firm Regenersis.
Burnout: Many people who work at the Big Four firms report high levels of stress and long hours, which can lead to burnout and a desire to leave the firm. Better opportunities elsewhere: Some people may leave the Big Four firms in search of better opportunities or more favorable working conditions at other companies.
You're Tired of Working Late
The Big Four are notorious for their late nights. When it comes to work-life balance, they typically score low on employee satisfaction surveys. This is because their hours are long, and they tend to demand a lot. While a good job is a challenging one, there is a limit.
The highest-paying job at Big 4 Accounting Firms is a Director with a salary of ₹53.2 Lakhs per year. The top 10% of employees earn more than ₹40 lakhs per year. The top 1% earn more than a whopping ₹100.36 lakhs per year.
Therefore, KPMG and Deloitte are two of the Big 4 consulting firms. While they are both considered prestigious firms, Deloitte is more known for its strategy work other than KPMG.
Is it hard to get a job at Deloitte?
Deloitte is a hard company to get a job at, so it is crucial to have an impressive resume. Connect with your school's career counselors, or hire a professional career adviser that will help you apply with an excellent resume.
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).
PwC/Strategy& consulting Partner salary 2023 (Partner-level)
A PwC Partner makes between $299,000 and $542,000 a year. Meanwhile, a Strategy& partner's yearly earning ranges from $375,000 to $700,000.
Unless it's a busy period, I usually work a seven or eight-hour day and no more than 60 hours a week, with the occasional weekend. This is a lot less than people work in investment banking jobs. Even in really busy periods, we don't work more than 70 hours a week.
How hard is the CPA Exam, really? Very. The overall CPA Exam pass rates hover slightly below 50%. This makes passing the CPA Exam a difficult, but achievable, goal.
