For accounting scholars, the Big Four is no stranger to the ear. Four well-known companies that are in great demand and targeted by young accountants.
Get career opportunities at the company, by getting to know the history, to apply career tips. Here is the complete summary for you!
What is the Big Four?
As the name implies, Big Four means four companies. In this case, the company in question is a company that is active in the field of accounting and audits.
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These four are the largest companies in the world. No wonder many people aspire to join the company.
The companies that are embraced in the Big Four are Pricewaterhousecoopers,
Deloitte Touche Tohmatsu, Ernst & Young, and also Klynveld Peat Marwick goerdeler.
These four companies are public and certified accounting firms.
Various services are provided, ranging from auditing, consulting, tax, finance of a company and so on. So, the Big Four are not individual companies.
The four companies have professional and compact cooperation. They agreed on the use of names, brands and the setting of the same standards.
Big Four company info at a glance
In 1979, the largest public accountant in the world, initially there were 8.
However, due to mergers and other problems, there are only 4 of them and are known as the Big Four.
Please note, four related companies have opened branches in various countries, one of which is Indonesia. So, you also have the opportunity to make a career in the Big Four.
Both in terms of penetration, revenue and reputation, the Big Four cannot be replaced.
The four companies originally came from different firms.
It’s just that they fly the same flag. Thus collected in one container which is none other than the Big Four.
The complete information of the four companies is as follows:
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1. Price waterhouse Coopers (PwC)
First, let’s get acquainted with PwC. One of the companies belonging to the Big Four.
PwC is one of the public accountants that has quite a large revenue. In fact, the revenue could reach $ 41.3 billion, equivalent to 580 trillion rupiah.
Tracing its history, PwC was founded in 1998. This company is the result of a merger between Price Waterhouse Coopers and Lybrand.
Furthermore, it is known as Price Waterhouse Coopers or PwC. Its network reaches 158 from various countries in the world. Headquartered in the city of London, England.
2. Ernst & Young (EY)
Furthermore, another company that is part of the Big Four is EY. The company has its headquarters in England.
Similar to PwC, EY also has a very large revenue. The income can reach $ 34.8, if converted to 489 trillion rupiah.
For EYs located in the Indonesian region, partners with KAPs.
You can find EY partners with Public Accounting Firms, Surja, Purwanto, and also Suherman.
3. Deloitte
The next company is Deloitte. The revenue Deloitte earns makes this company worthy of being part of the Big Four.
Its income can reach $ 43.2 billion which is equivalent to 607 trillion rupiahs.
When compared to other companies, Deloitte has an older age.
It has been established since 1845, to be precise in the city of London.
A well-known figure who played an important role in the founding of Deloitte, namely William Welch Deloitte.
4. Klynveld Peat Marwick Goerdeler (KPMG)
The fourth company is known as KPMG. This company is based in the Netherlands.
Thanks to the merger in 1987, KPMG was successfully founded. The revenue from KPMG reached $ 29 billion, equivalent to 407 trillion rupiah.
The existence of KPMG in Indonesia can be seen from KPMG Advisory Indonesia, Siddharta Widjaja and other colleagues and KPMG.
You can take advantage of KPMG in Indonesia to be able to apply your accounting knowledge.
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Where does the source of income come from?
As has been observed, the income or revenue from each of the Big Four companies has high achievements.
Maybe, in your mind the question arises, where does the money come from. The main sources of the Big Four are auditing, consulting, taxation, corporate finance and various other services.
How does it work?
To be able to join the Big Four, you have to understand how each company works.
This is the main provision that candidates for the accounting profession or consultants in related companies should know. Each has the following way of working:
1. How Deloitte Works
Are you interested in joining Deloitte? Understand how this company works. Deloitte focuses on three things including complex problem solving strategies.
In addition, focusing on human capital is done by researching, analyzing, and building the right strategy for a business. Finally, Deloitte focuses on technology that increases the productivity value of a business.
2. How EY Works
Furthermore, the way EY works focuses on strategy. In this case it applies to various related fields.
You can provide consulting related to experience or involvement of a customer, supply chain, IoT, finance, Blockchain, program management and so on.
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3. How PwC Works
The way PwC works focuses on three areas. Among the fields in question are forensics, consultation, and also agreements.
These three fields are presented with more specific services, including asset management, cyber security, insurance and so on.
4. How KPMG Works
Among other companies, KPMG is said to be the smallest company among the Big Four. However, when talking about the services offered, it cannot be underestimated.
KPMG provides a very comprehensive service, from risk consulting, disputes, management, forensic technology, and so on.
Tips on Becoming a Consultant in the Big Four
Interested in joining the Big Four? What have you prepared? If you aspire to work for any of these four companies, you should make sure you have a high GPA, graduated from a top university, and have impressive conversational skills. Apart from that, of course the knowledge to operate the best accounting software can be an added value for you.
Each company has special qualifications, namely:
1. Deloitte
For those of you who want to join Deloitte, you must have the qualifications to pass an MBA, bachelor’s degree and also take part in an internship program.
In recruiting employees, Deloitte has ethics and integrity in order to obtain quality human resources. Therefore you also need to prepare an adequate portfolio of job applications .
Until now, Deloitte has become one of the companies that many accounting graduates have targeted.
Please note, those of you who have the opportunity to join will get wide opportunities in various companies in the world engaged in finance.
2. EY
Furthermore, the EY determines the qualifications of employees with bachelor’s and master’s degrees accompanied by a minimum of three years’ experience.
EY provides flexibility for applicants to follow design positions. It is a kind of special training by selecting the desired position.
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3. PwC
In addition, you can also start your career at PwC with an internship. Through this internship, you can participate in various important meetings with several clients.
At this stage, you can learn from the expert thoroughly. Furthermore, the information absorbed can become the provision for your career.
4. KPMG
It’s different for those of you who are interested in KMPG, so you have a technical and analytical focus.
You must understand these two important points and practice them well. KMPG accepts prospective employees with undergraduate and postgraduate degrees.
Such is the review regarding the Big Four, four companies targeted by accounting graduates.