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Management consulting salaries revealed: How much top firms like McKinsey and PwC pay everyone from interns to C-suite execs

Boston Consulting Group office in Hudson Yards, New York. Sarah Jacobs/Business Insider Management consulting is a highly competitive industry — with highly competitive pay. The consulting industry has taken a hit since the start of the coronavirus pandemic. Over the last several months, firms had to halt business travel, adopt remote work tools, and adjust to the new normal while simultaneously serving corporate clients. But many are still hiring for 6-figure jobs. Nearly all of the consul...
Tags: Finance, Careers, Trends, Pwc, Consulting, Deloitte, Kpmg, Ey, Teaser, Bain, Mckinsey & Company, Mckinsey, Boston Consulting Group, Bain BCG, US Office of Foreign Labor Certification, Subscriber Collection


Layoffs, pay cuts, and dialed-back recruiting: Here's how the biggest accounting and consulting firms are cutting costs and shrinking headcount

FILE PHOTO: The KPMG logo pictured during the Viva Tech start-up and technology summit in Paris Reuters Professional services firms have been laying off employees and cutting pay as the coronavirus pandemic has hit their business pipelines. Firms have seen clients rein in on spending on consulting and advisory work as economic conditions across industries remain unclear.The question mark over the economy has also led to less recruiting at these firms, impacting graduates from both undergrad...
Tags: UK, US, Toronto, Trends, Pwc, Deloitte, Kpmg, Accenture, Ey, Gurgaon, Accenture Accenture, Viva Tech, Deloitte Company, KPMG Deloitte, Paris Reuters Professional, KPMG Charles Platiau Reuters KPMG


Thunes, a fintech startup serving emerging markets, raises $60 million led by Africa-focused Helios Investment Partners

Thunes, a Singapore-based startup developing a cross-border payments network to make financial services more accessible in emerging markets, announced today it has raised a $60 million Series B. The round was led by Africa-focused firm Helios Investment Partners, with participation from Checkout.com, and returning investors GGV Capital and Future Shape. Thunes launched in 2019 when financial tech company TransferTo split into two companies: Thunes for business-to-business solutions, and DT On...
Tags: Fundings & Exits, Startups, TC, Asia, Indonesia, Finance, China, Southeast Asia, Singapore, Africa, San Francisco, Tech, Philippines, Ethiopia, Kenya, Ey


Thunes raises $60 million for cross-border payments in emerging markets

Thunes, a Singapore-based startup developing a cross-border payments network to make financial services more accessible in emerging markets, announced today it has raised a $60 million Series B. The round was led by Africa-focused firm Helios Investment Partners, with participation from Checkout.com, and returning investors GGV Capital and Future Shape. Thunes launched in 2019 when financial tech company TransferTo split into two companies: Thunes for business-to-business solutions, and DT On...
Tags: Fundings & Exits, Startups, TC, Asia, Indonesia, Finance, China, Southeast Asia, Singapore, Africa, San Francisco, Tech, Philippines, Ethiopia, Kenya, Ey


Sweetgreen value cut — Big 4 salaries revealed — Bon Appétit resignations

  Hi everyone! Matt is off today, so this is deputy executive editor Olivia Oran filling in. We rolled out an exciting project this past week where readers can search for pitch decks from over 150 startups. For the past few years, Business Insider has published these decks to give readers an inside look at how successful companies persuaded investors to fund them. Now, these decks have been combined into a single, searchable library, which you can explore here: PITCH-DECK LIBRARY: Search through...
Tags: US, Trends, Georgia, Pwc, Airbnb, Deloitte, Kpmg, Ey, Biden, Palantir, Trump, Bon Appetit, Rachel, Matt, Sweetgreen, Nast


Sweetgreen and and Palantir have lost value since the pandemic's start

Hello everyone! Welcome to this weekly roundup of Business Insider stories from executive editor Matt Turner. Please subscribe to Business Insider here to get this newsletter in your inbox every Sunday.  Hi everyone! Matt is off today, so this is deputy executive editor Olivia Oran filling in. We rolled out an exciting project this past week where readers can search for pitch decks from over 150 startups. For the past few years, Business Insider has published these decks to give readers an insid...
Tags: US, Trends, Georgia, Pwc, Airbnb, Deloitte, Kpmg, Ey, Biden, Palantir, Trump, Rachel, Matt, Matt Turner, Sweetgreen, Nast


Managed Services Veteran Ed Sohn Leaves EY Law To Join Axiom Spin-Off Factor

Ed Sohn, a veteran managed services executive who last year joined EY Law when it acquired Pangea3 from Thomson Reuters, has now joined Factor, the managed services company that spun off last year from legal services company Axiom, where he will serve as its head of solutions. After starting out as an attorney with King & Spalding in Atlanta, Sohn spent seven years as an executive with Pangea3, the company that pioneered legal managed services and that Thomson Reuters acquired in 2010. Last year...
Tags: Law, Uncategorized, Atlanta, Accenture, Ey, Thomson Reuters, Axiom, Mercer, Mehta, Sohn, Joe Borstein, John Dillon, Ed Sohn, Factor, Axiom Managed Services, Varun Mehta


Exclusive: Concerns around number of active users, and ‘backdoors’ raised at an NCRB facial recognition meeting

You are reading it here first: India’s plans of deploying a controversial national level facial recognition surveillance tool are gathering pace. In a meeting held on Monday afternoon, between potential bidders for the Automated Facial Recognition System and officials from the National Crime Records Bureau, bidders enquired how many law enforcement agencies are expected to use the surveillance tool at the same time, and if there is a possibility to allow a consortium of companies to place a join...
Tags: Travel, Japan, News, Microsoft, Privacy, France, India, Israel, ISO, NEC, Surveillance, Cctv, Ey, Facial Recognition, Young, Mathur


The Philippines is investigating Wirecard and its missing $2 billion, and a local lawyer says he's being framed, say reports

The Philippines is investigating local businesses that partnered the collapsed German payments company Wirecard, the Financial Times reported. Wirecard went into administration and its former CEO Markus Braun was arrested after the firm claimed that more than $2 billion had disappeared from its balance sheet. Its auditor EY said the firm committed elaborate fraud. Wirecard had claimed the money was stored in two Philippine banks, which they both denied. Now the authorities will probe around fi...
Tags: Germany, Singapore, Trends, Philippines, Brussels, Ey, Financial Times, Reuters, Philippine, Tolentino, Wirecard, Markus Braun, Wirecard The Financial Times, Singapore Germany, ConePay International, Mark Tolentino


German payments firm Wirecard says missing €1.9bn may not exist

Company thought money was in two Asian banks but search hits dead end in PhilippinesWirecard has said that €1.9bn (£1.7bn) in funds missing from its bank accounts may not exist, as the accounting scandal at the German payments company deepens.The firm processes tens of billions of euros in credit and debit transactions each year and is a former darling of Germany’s tech sector. It had previously said it believed the money was held in escrow accounts at two Asian banks. Continue reading...
Tags: Europe, Business, Germany, Philippines, Technology sector, Ey, Wirecard, PhilippinesWirecard


The CEO of scandal-hit Wirecard resigned after the company admitted $2 billion had gone missing, prompting its share price to plunge by 80%

Wirecard CEO Markus Braun resigned suddenly on Friday as the fintech firm's share price nosedived by 80% over two days of trading. The German payments firm is at the center of a huge accounting scandal after it revealed it was unable to trace €1.9 billion in cash balances. The company has also been subject to a long-running investigation by the Financial Times over its accounting practices. In a terse statement issued Friday, Wirecard said Braun stepped down with the agreement of its board and...
Tags: Germany, Trends, Bdo, Ey, Financial Times, Braun, Bafin, Bank of the Philippine Islands, Wirecard, Markus Braun, Wirecard AG, James Freis, Freis, BDO Unibank Inc, Reuters BPI, Wirecard Wirecard


The CEO of scandal-hit Wirecard resigned after the company acknowledged $2 billion had gone missing, prompting its share price to plunge by 80%

Wirecard CEO Markus Braun resigned suddenly Friday as the fintech firm's share price nosedived by 80% over two days of trading. The German payments firm is at the center of a huge accounting scandal after it revealed it was unable to trace 1.9 billion euros, or about $2 billion, in cash balances. The company has also been subject to a long-running investigation by the Financial Times over its accounting practices. In a terse statement issued Friday, Wirecard said that Braun stepped down with t...
Tags: Germany, Trends, Bdo, Ey, Financial Times, Braun, Ernst Young, Bafin, Bank of the Philippine Islands, Wirecard, DWS, Markus Braun, Wirecard AG, James Freis, Freis, BDO Unibank Inc


The CEO of scandal-hit Wirecard resigns after company reveals $2 billion has gone missing

Wirecard CEO Markus Braun resigned suddenly on Friday as the scandal-hit fintech's share price nosedived by 80% over two days of trading. The German payments firm is at the center of a huge accounting scandal after it revealed it was unable to trace €1.9 billion in cash balances. The company has also been subject to a long-running investigation by the Financial Times over its accounting practices. In a terse statement issued Friday, Wirecard said Braun stepped down with the agreement of its bo...
Tags: Trends, Bdo, Ey, Financial Times, Braun, Bank of the Philippine Islands, Wirecard, Markus Braun, Wirecard AG, James Freis, Freis, BDO Unibank Inc, Reuters BPI


How Coronavirus Is Upending the OTT Streaming-Video Business (WATCH VIDEO)

With millions of people under lockdown orders because of COVID-19, streaming-media usage has seen stratospheric increases. But while the pandemic has introduced opportunities to super-serve consumers, it also has created new challenges for all companies in the space. The topic was covered in “COVID-19 and Its Impact on OTT Video,” an April 15 webinar presented […]
Tags: News, Nielsen, Ey, Bitmovin, Verizon Media, Coronavirus


EY ordered to pay whistleblower $11m in Dubai gold audit case

Court rules accountancy firm breached code of ethics in its dealings with a refinerA former partner at the accounting firm EY has been awarded $10.8m (£8.6m) in damages after being forced out of his job when he exposed professional misconduct during an audit of a Dubai gold refiner.The high court in London ruled on Friday that EY had repeatedly breached the code of ethics for professional accountants in its dealings with one of its clients, Kaloti Jewellery International. Continue reading...
Tags: Business, London, Gold, UK News, World news, Commodities, Financial Sector, Dubai, Accountancy, Ey, Kaloti Jewellery International Continue


Westpac knew anti-crime provisions were inadequate years ago, MPs told

Labor senator reads out secret report in parliamentary inquiry over objections from bankWestpac knew its ability to fight financial crime was inadequate two years before legal action in November in which authorities accused it of 23m breaches of the law that included allowing customers to pay for child exploitation in the Philippines, federal parliament has heard.The bank’s risk of breaching anti-money-laundering and counter-terrorism finance (AML-CTF) laws was unacceptably high and the bank acc...
Tags: Philippines, Ey, Westpac, AML CTF


EY exec reveals the most important trait the company looks for when hiring

Ernst & Young, or EY, is one of the most desirable workplaces for a recent business school graduate. But an executive at the global accounting firm says a relevant college degree isn't going to get you hired. The company looks to hire continuous learners — people who show a desire to learn new skills. Andy Baldwin, global managing partner of client services at EY, said, "What we're recognizing is that we may have some people who are deep specialists in product engineering, but actually we need...
Tags: Trends, Ey, World Economic Forum, Davos Switzerland, Baldwin, Ernst Young, Andy Baldwin, Cadie Thompson, Baldwin Employees


Ernst and Young subjected women employees to "training" about keeping the company's men happy

At the height of the #MeToo movement, giant management consulting firm Ersnt and Young (AKA "EY") sent a group of women to Power-Presence-Purpose, a "leadership and empowerment" workshop led by Marsha Clark, who advised them that "Women’s brains absorb information like pancakes soak up syrup so it’s hard for them to focus" and "Men’s brains are more like waffles. They’re better able to focus because the information collects in each little waffle square." The women in attendance were counsel...
Tags: Post, Business, Gender, Texas, News, Junk Science, Ey, PPP, Huffington Post, Ernst And Young, Clark, Ross Perot, Jane, Ely, Harvard Business School, Myers Briggs


EY Expands Its Reach Even Further into the Legal Services Arena

Detail from Above the Law article on EY’s acquisition of Pangea3 In early April, Ernst & Young (EY) announced that it had acquired the legal outsourcing service provider Pangea3 from Thomson Reuters, increasing the intensity of the accounting giant’s assault on the legal services industry. Robert Ambrogi at Above the Law warns that the move “does not bode well for law firms.” Pangea3 was originally established in 2005 to provide legal outsourcing to law professionals in India. A profile on Wiki...
Tags: Amazon, UK, Law, Wikipedia, India, United States, Ey, Law Firm Strategy, Law Firm Technology, Law Firm Economics, Above the Law, Thomson Reuters, Law Firm Design, Robert Ambrogi, Ernst & Young, Ambrogi


WI Watchlist: DotCom Therapy, Nordic, UWM, Epic

It’s time to catch up on recent happenings in Wisconsin’s innovation community:—Madison-based telemedicine startup DotCom Therapy named Sanaz Cordes as its chief executive and said it raised an undisclosed amount of funding from HealthX Ventures, a local venture firm that backs healthtech companies. Cordes is a physician and former chief operations officer of another Madison-based healthtech startup, Healthfinch.DotCom Therapy develops software to connect patients with remotely located therapis...
Tags: Deals, Startups, Mobile, Apps, Education, Trends, Tech, Web, Development, It, Vc, Software, Healthcare, Coding, Wisconsin, Ey


More CI? That’s Axiomatic

Should law firms invest in more competitive intelligence? Asks Ron Friedmann. Um. Yes. Always yes. And not just law firms but every business should invest more in CI.  Investing in knowing what you know, knowing what you don’t know and knowing what the market knows – about you and otherwise – is an investment every business should make.  In the above mentioned article, CI is described as “The deeper the insight, the better. Competitive intelligence serves that purpose. It helps win business and ...
Tags: Law, Uncategorized, Atlanta, Ey, Legal Marketing, LMA, Business Development, CI, Ron Friedman, Ron Friedmann, Thomson Reuters Legal Managed Services, SCIP


Major Industry News: EY to Acquire Pangea3 from Thomson Reuters, Expanding Its Global Legal Services

In major news indicative of the direction of the legal services industry globally, EY — the entity that encompasses Ernst & Young companies worldwide — has entered into an agreement with Thomson Reuters to acquire Pangea3, the legal managed services business. This follows EY’s acquisition last August of Riverview Law, a UK-based alternative legal services provider (ALSP). EY says these acquisitions further its depth and capacity to serve corporate legal departments worldwide and will bolster the...
Tags: UK, Law, India, Uncategorized, Ey, Thomson Reuters, Wolters Kluwer, Blackstone Group, LMS, Ernst Young, Bob Ambrogi, ABA Techshow, David Perla, Riverview Law, Eric Laughlin, UnitedLex


UK bankers on standby as City readies no-deal contingency plans

JP Morgan and Goldman Sachs poised to move staff to EU offices by 29 MarchHundreds of UK bankers at JP Morgan and dozens from Goldman Sachs are on standby for relocation to EU offices by 29 March, regardless of Parliament’s vote to delay Brexit.The exodus is likely to be replicated across the Square Mile as investment banks, almost all of which are foreign-owned, put in place emergency measures to cope with a period of uncertainty that could stretch through to summer, depending on the outcome of...
Tags: Europe, Business, Politics, UK, London, Bank Of America, Eu, European Union, UK News, World news, Banking, Financial Sector, Foreign Policy, Barclays, Hsbc, Royal Bank Of Scotland


#Qatar leads Mena 2018 IPO activity in value - The Peninsula Qatar

:Qatar witnessed the highest valued IPO in 2018 in the Mena region with the listing of Qatar Aluminum Manufacturing Company (Qamco) on the Qatar Stock Exchange (QSE), raising $745.6m in Q4.FTSE Russell announced the entry of Qamco to the FTSE Index within the first week of trading, owing to the positive response generated by the IPO (it was 2.5 times oversubscribed). The Qatar exchange has performed well in 2018 with prospects of inflows from investors tracking emerging-market indexes after the ...
Tags: Travel, Ipo, Qatar, Ey, Mena, Russell, Rupert Neil Bumfrey, Peninsula Qatar, Phil Gandier, Qatar Stock Exchange QSE, Qamco, Qatar Aluminum Manufacturing Company Qamco


Rapid7, Raytheon, Recorded Future Join Cyber Madness in Boston on April 8

It takes a healthy imagination to pinpoint all the cybersecurity risks baked into today’s Internet-connected, cloud-managed, Web-hungry world—let alone even start to plan for the vulnerabilities, attack strategies, and potent defenses for the future.On April 8, Xconomy is bringing together experts from Boston and beyond to dig into how companies have solved specific problems in security—defending against a cyber attack, securing network data, applications, or critical infrastructure, conducting...
Tags: Security, Startups, Boston, Events, Trends, Tech, It, People, Cybersecurity, Vc, Software, Venture Capital, Ey, Raytheon, Mitre, Back Bay


Rubik’s Brand sells stake to Bancroft Investment

Rubik’s Brand Ltd said Jan. 7 that it sold a minority stake to Bancroft Investment. Financial terms weren’t announced. Rubik’s Brand owns the rights to Rubik’s Cube. Christoph Bettin, who founded Marbel Ltd, has joined as CEO of Rubik’s Brand. PRESS RELEASE Rubik’s Brand Ltd (RBL), the London-based company that owns the rights to the world-famous Rubik’s Cube, has sold a minority stake to Bancroft Investment, a European Private Equity firm. RBL was established by the founding families of the ori...
Tags: Google, Usa, London, Trends, Brand, Nuremberg, Ey, Oxford University, McDonald, Bancroft, GE Capital, Rubik, Erno Rubik, PE Deals, Rubik 's Cube, RBL


San Diego Tallies 7 IPOs in Best Year For Market Debuts Since 2014

Will “CBUS” and “SI” join “THOR” and “RMED”?It’s next week or never (until 2019, that is) for two San Diego companies that have filed documents with securities regulators indicating plans to go public.Agtech company Cibus, which uses “precision” gene editing to alter crops, has applied for a listing on the Nasdaq exchange under the stock symbol “CBUS.” Crypto-friendly Silvergate Bank has applied for a New York Stock Exchange (NYSE) listing under the stock symbol “SI.”Each filed paperwork in Nov...
Tags: Startups, Lyft, Uber, Ipo, Trends, San Diego, Crypto, Airbnb, Ey, Biotech, Nasdaq, Life Sciences, BioNano Genomics, National blog main, San Diego blog main, San Diego top stories


Teenagers Want to Start Businesses, Survey Shows

What do today’s teenagers think about entrepreneurship as a career option? And how accurate are teens’ impressions of what it really takes to succeed as a small business owner? Junior Achievement (JA) and Ernst & Young LLP (EY) recently conducted a pair of surveys to find out. One of the surveys polled teenagers, and the other surveyed successful business owners. On average, the entrepreneurs in the survey have each started two businesses; almost one-fourth (23%) have started three or more busin...
Tags: Sales, Ey, Ja, National Entrepreneurship Month, Starting A Business, Young Entrepreneurs, Ernst & Young, Junior Achievement, Teen Entrepreneurs, Ernst Young LLP EY, JA Launch Lesson


ALM Appraises Threat from Big Four’s “Trojan Horse”

In an article published recently on The American Lawyer, writer Dan Packel reports that this year, “For the first time, PwC, Deloitte, EY and KPMG seized four of the top five spots on [the U.K. consultancy Acritas’s] list of global alternative brands, in a survey of general counsel at heavyweight international businesses.” Packel points out that the attainment of this milestone follows several years of “concerted push” on the part of the accounting firms, who had earlier been discouraged from en...
Tags: Pwc, Deloitte, Kpmg, Ey, Big Four, PwC Deloitte EY, Dan Packel, Acritas, Legal Services And Accounting Firms, Sarbanes-Oxley Act, Joe Andrew, The Legal Profession, Accounting Firms And The Law, Dentons global chairman Dan Andrews, Packel


Seismic Taps Former ServiceNow Exec as CFO As It Aims to Go Public

Seismic, one of San Diego’s most prominent enterprise software companies, has tapped a member of the team behind one of the region’s most successful tech startup stories to prep for its own prospective market debut.The software developed by Seismic, part of the relatively new sales enablement industry, helps marketing and sales teams manage, automate and distribute personalized sales materials. The company’s 500 customers include American Express (NYSE: AXP), PayPal, (NASDAQ: PYPL), and Quest D...
Tags: Startups, Ipo, Trends, People, San Diego, Ey, Hiring, Growth, Illumina, Servicenow, Cfo, American Express NYSE, National blog main, Boston blog main, San Francisco blog main, San Diego blog main