The Big Four accounting firms—Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC)—plan to increase employment in India despite recent layoff announcements from a number of IT companies. The COVID outbreak delayed hiring, but the labour market is still recovering. The top four consulting firms allegedly stated they would hire more freshers in the upcoming months even though major corporations, including Google and HCL, have taken initiatives to reduce their personnel numbers.
INDIA HIRING FOR THE BIG 4
According to a Financial Express report, the big four consulting firms, Deloitte, PwC, EY, and KPMG, plan to add 80,000 people in the coming months. Business analysts, finance experts, devops, data scientists, cybersecurity experts, and other professional categories in both the non-tech and tech sectors would be in demand in the firms.
EY intends to primarily hire 10,000 freshmen from Indian management and engineering universities. The business and worldwide delivery services sections of the organisation would primarily employ the new hires. According to SV Nathan, the chief talent officer (CTO) at Deloitte, campus hiring has increased as a result of the “limited supply” of talent.
BIG 4 HIRING: JOB ROLES TO BE ON DEMAND
- Business analysts
- Business operations consulting
- Financial specialists
- Cloud tech
- Data science
MORE FRESHERS WILL BE HIRED BY OTHER CONSULTING FIRMS IN INDIA
Other prestigious consulting firms outside the Big Four intend to hire heavily on campuses, including McKinsey and Boston Consulting Group (BCG). “From a corporate perspective, India and the rest of the world are experiencing significant growth. We will hire a record number of freshmen this year from prestigious campuses like the IITs and IIMs, undergraduate colleges like St Stephen’s, LSR, and SRCC, as well as expanding to a few other campuses, said Natarajan Sankar, MD and partner, campus recruiting chair, BCG India. “To meet the high demand consultant support post-pandemic.
According to McKinsey, hiring on campuses would be done to attract “extraordinary talent.” “By increasing our campus and lateral hiring presence, we continue to widen our aperture to attract excellent individuals. We ended 2022 on a high note by enrolling our biggest class… We hired 70% more people than we did in 2021. Aditya Sharma, a partner at McKinsey, was quoted in the study as saying, “For 2023, we will intend to continue hiring on the same trajectory and hunt for the top talent.”