In every job sector there are always key companies that the more ambitious among us aim to work for, and for good reason. They are usually the most successful in their field and can therefore offer various perks, such as high salaries and travel opportunities, to attract the best staff. When it comes to accountancy, the most attractive employers are known as the ‘Big Four’ and they are Deloitte, PwC, Ernst & Young, and KPMG. Here, we take a look at what makes these companies so impressive.
Deloitte and PwC
Commonly known as Deloitte but actually called Deloitte Touche Tohnatsu, thanks to a number of mergers, has been around since 1845 and owes its name to its founder William Deloitte. Deloitte takes care of a vast majority of public and private companies’ finances, as well as offering management consultancy and legal services. They have clients in 150 countries, and in 2017 alone their takings almost hit 40 billion dollars.
Pricewaterhouse Cooper, otherwise known as PwC, follows closely behind when it comes to earnings, and have a work force of over 230,000 employees. Like most of the members of the Big Four, Pricewaterhouse Cooper resulted from the merging of accounting companies Price Waterhouse and Coppers & Lybrand in 1998. They also pride themselves on their company values which include excellent customer service standards and quality of accounting.
Ernst & Young and KPMG
Ernst & Young are the result of a collaboration between Ernst & Whinney and Arthur Young in 1989. Ernst & Young are known for their excellent trainee programmes as well as being one of the most reputable accountancy firms in the world, making them a favourite of graduates the world over. They bring in closer to 30 billion dollars every year from their worldwide client base.
KPMG, or Klynveld Peat Marwick Goerdeler, is a global network of companies formed in 1987 as the result of the merging of Peat Marwick International and Klynveld Main Goerdeler. They earn close to 26 billion every year, making them the least profitable of the Big Four but still a formidable opponent to anyone hoping to make it big in the field.
How to Be Considered by The Big Four
The path to becoming a chartered accountant is extensive, and if you’d like to work for one of the Big Four it’s going to be even more complex. Firstly, you need top grades at school level in order to be accepted onto one of the best accountancy degree courses in the country, as the Big Four look for certain institutions in applications from prospective employees.
Next, a master’s degree could put you ahead of your competition, as could a work experience placement in a reputable firm where you prove yourself above and beyond what is expected. The CPA exams need to be passed but the better your score the better you will appear to potential employers. Check out the next CPA exam dates if you think you might be ready. Lastly, top employers look for a well-rounded individual, so as well as having all of the relevant qualifications, you need to be able to show that you have interests outside of academia. You should also have some working experience with Ramon Ortega CPA firm or any other accounting agency.
As you can see, accountancy is home to some of the most impressive employment opportunities in the world but working for the Big Four is no easy feat. That’s not to say you shouldn’t give it your best shot though as determination can take you a long way. If you are interested in doing a CPA to help you with your career in accountancy, then you might be interested in checking out this article here for some tips when studying for your CPA.