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The term Big 5 first emerged in the early 1990s, as a way to describe the five largest accounting firms that provided consulting services to clients. The five firms initially included Price Waterhouse, Deloitte, Touche Tohmatsu, Ernst Young, and Arthur Andersen.
Deloitte is a 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 Big Four are the four largest professional services networks in the world: Deloitte, EY, KPMG, and PwC. They are the four largest global accounting networks as measured by revenue.
Youve probably heard about the Big 4 consulting firms if youre preparing for interviews: Deloitte, EY, KPMG, and PWC. These firms are larger than McKinsey, Bain, and BCG the MBBs and offer a wider range of services.
High Paying Consulting Jobs Business Transformation Consultant. Salary range: $150,000-$186,500 per year. Consulting Practice Director. Salary range: $83,000-$184,000 per year. Practice Director. Principal Consultant. Monitoring and Evaluation Advisor. Project Manager Consultant. Executive Advisor. Business Process Consultant.
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The global professional services firms EY, PwC, Deloitte and KPMG make up the Big 4. These firms provide consulting services in four core areas, including strategy. The strategy teams of the Big 4 are small, elite units, each with only a few thousand consultants globally.
These firms merged to become the Big 5, namely Deloitte Touche, PricewaterhouseCoopers, Ernst Young, KPMG, and Arthur Andersen. The Enron scandal of 2002 saw the collapse of Arthur Andersen, and its practices were split among the remaining four firms, that is, the Big 4.

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