What's the difference between advisory and consulting? What is advisory?

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At PwC, Advisory is their line of service that is consulting. Other lines of service they have are tax, audit, etc.

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In Advisory we advise our clients while in Consulting we consult them.

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Fancy name accounting firms came up with when they decided to expand their business

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This is specific to Deloitte. Deloitte consulting is more like IT consulting and Deloitte advisory is risk consulting.

Sounds like EY is like pwc. Advisory = consulting

At KPMG advisory includes RC, MC, and TC.

P1 - a not very opaque way of avoiding the term consulting.

Deloitte does a lot more than just IT consulting. Consulting and Advisory have different pay scales and level at Deloitte. Advisory makes less

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