Deloitte is significantly bigger than McKinsey & Company in terms of total revenue, global headcount, and service scope. As part of the "Big Four," Deloitte has over 460,000 employees and a revenue exceeding $67 billion, whereas McKinsey, a specialized strategy firm, has around 40,000 employees and approximately $18.8 billion in revenue.
McKinsey is the biggest among the three Big 3s. Founded by former professor of accounting at the University of Chicago James O. McKinsey in 1926, it is headquartered in New York. It has over 130 offices around the world and 38,000 employees, over 10,000 of them consultants.
Deloitte is a British multinational professional services network based in London, United Kingdom. It is the largest professional services network in the world by revenue and number of employees, and is one of the Big Four accounting firms, along with EY, KPMG, and PwC.
The average McKinsey & Company salary ranges from approximately $53,126 per year for Administrator to $261,236 per year for Associate General Counsel. Average McKinsey & Company hourly pay ranges from approximately $16.27 per hour for Administrative Assistant to $49.04 per hour for Program Coordinator.
Another story of mega-mergers, KPMG was founded in 1987 after Peat Marwick International and Klynveld, Peat Marwick, Goerdeler announced they would be joining forces. Of the Big 4, KPMG is the smallest and also the only one operating outside of London—the firm's headquarters is in Amstelveen, Netherlands.
Professional certifications: Obtaining certifications like the Certified Public Accountant (CPA) is often a prerequisite to work at a Big 4 firm.
The four are often grouped because they are comparable in size relative to the rest of the market, both in terms of revenue and workforce; they are considered equal in their ability to provide a wide scope of professional services to their clients; and, among those looking to start a career in professional services, ...
Competitors and Alternatives to Deloitte
Client-facing roles are growing by 25%, while non-client-facing roles are shrinking. McKinsey now employs 40,000 people and 25,000 AI agents, and could have equal numbers by year-end.
Deloitte is most highly rated for Culture and McKinsey & Company is most highly rated for Compensation and benefits.
KPMG is probably the lowest tier and I would say they start you off with a lower base than other firms. The ranking among the other three is usually Deloitte, PwC and EY, though in financial services, EY is probably 2nd. Deloitte has the strongest digital practice and it's strongest in digital transformation.
McKinsey & Company's PTO and Vacation policy typically gives 20-30 days off a year with 71% of employees expected to be work free while out of office. Paid Time Off is McKinsey & Company's most important benefit besides Healthcare when ranked by employees, with 56% of employees saying it is the most important benefit.
The consulting profession is extremely intense and stressful. Burnout is a very common thing. Pacing yourself and finding pockets of downtime to recover is essential to make this sustainable.
The base salary is standardised across consulting roles according to tenure and position, and yes - these are typically non-negotiable. However, sign-on bonus and relocation assistance typically are and these fall under discretionary spend for many offices.
The Big 4 are the four largest global professional services networks that dominate audit and assurance, tax, and advisory work for companies and governments worldwide. They are Deloitte, PwC, EY, and KPMG.
The single most important certification needed for a Big 4 career is a Certified Public Accountant (CPA) license.