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True, Accenture has no "practice building activity requirements." 25 PTO days, Employee Share Purchase Plan (15% discount on stock purchase) of upto 10% of pay check amount, 401k full match upto 6% after 1 year
I've only worked at ACN. But from experience my and what I've heard about other firms, it's a lot easier to get away with extended bench with no consequence at ACN.
FSO is not true management consulting
FSO is a powerhouse service line in EY. Like in terms of revenue, clients, etc., they tend to carry the rest of advisory.
Yes, still get paid on the bench. The expectation is for you to be networking and reaching out to SM's and M's to get staffed on your next project
I've been at both companies. Benefits are a wash. You get half the 401k match at EY, but you do get a pension. 28 pto days, etc etc, but I feel EY does a better job in hiring smart people. Accenture tends to win huge projects and open the hiring floodgates and let a lot of people in that would otherwise not be hired. EY has better culture of community and more events and activities, and the counseling pyramid is much better than ACN. Meet both teams and go with those you envision working with.
I don't know how it is at EY, but your PTO doesn't affect utilization at ACN. I know at Deloitte your utilization goes down if you take PTO, which just sounds ridiculous to me.
Accenture also announced a regional model recently, so they will try to staff you locally. Your travel time may be minimized, which is an important factor to consider depending on whether you want to travel or not.
In general: Does one have better perks than the other? Is the EY brand worth more than Accenture on my resume? Is it trey Accenture doesn't have practice building activity requirements?
Currently at one of the other 2 big four.
Thanks Accenture. So what do you do when you are on the bench? Do Accenture consultants still get paid on the bench? Sorry if these are ignorant questions.
Being on the bench is viewed as a normal part of consulting here. My experience has been average of 1-3 weeks of bench time. I've heard of longer bench time for others. FS is growing in ACN (look up the last earnings release from last week). The FS presence is international if that matters at all for you
If you are interested in financial services go for EY. On other areas ACN might be better
I'm at EY now came from ACN both have pros and cons. EY: less PTO, tons of internal work, but way better network and say of projects, more support from partners. ACN: I miss no internal work, stock purchase options, easier to get off work you didn't like. I worked 2x's the hours at ACN also. Bench is the same at both
EY6 to answer your other question, FS is an interest and where I have experience.
FSO vertical is divided into BAP (business advisory), TAP (technology advisory) and RAP (risk advisory). Only BAP is true MC work in there. If you're offer is from TAP or RAP, then you shouldn't even consider it and go to Accenture MC.
Thanks! I understand that Accenture management consulting is growing in general. I didn't know about their banking/finance practices growing so much though. That's good to hear. Potential to get in on the ground floor?
In FS advisory I'd choose EY over Accenture.
Another questions what are project economics typically like? At my current firm I feel like we are always on a shoestring budget (no team dinners/drinks, not taking client out often), sometimes even limiting billable hours. Not that this could be a breaking point but hearing from EY guys it sounds like they usually have a decent budget on projects.
So I'm aligned to FS. It is growing in all sectors (Capital Markets, Insurance, etc.) to fostered relationships over the years. Our clients keep selling new work to us in different departments based on relationships we've built & the quality of work being delivered.
Project economics depend on the client. In FS, the clients I've been on have never had a shortage of budget for team dinners, flexible travel arrangements, travel budgets, etc. I've never heard of "taking the client out." It's always been "going out with the consulting team" that gets expensed.
Just saw your other post. But yeah Banking is growing / doing really well especially at the largest clients in the market in all different geographies (mainly east coast/Midwest, don't know much about west coast FS)