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People wondering about how much time consultants spent in the office seem to forget that companies like PwC also probably have massive numbers of support staff

by ElFitz 5y ago

People wondering about how much time consultants spent in the office seem to forget that companies like PwC also probably have massive numbers of support staff (accounting, HR, office management,... oops?) that doesn't directly provide any service to the clients. No?

maxmcd 5y ago
Yeah 100%. PwD is also a big accounting firm. Most of the accounting side was in-office.
jameshart 5y ago
I mean, PwC aren't consultants, they're accountants. They do audits and stuff. They actually got out of consulting entirely when they sold their consulting arm to IBM, but they've rebuilt that somewhat - I believe their consulting org is now called Strategy&, but they're somewhat arms-length (because it doesn't do, post-Enron, to be providing consulting services on how to structure your business to a company whose accounts you're also auditing)
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- awsthro00945 5y ago
  Something like 1/3rd of PWC's revenue comes from consulting (officially their "Advisory" arm). They started rebuilding it almost as soon as they sold it. Strategy& is actually only a small portion of the Advisory org (S& is really just the rebranded acquisition of Booz&Company). Another 1/3rd comes from the Assurance arm, which is kind of a cross between accountants and consultants. The "Tax" arm are the traditional "accountants", but that's only 1/3rd of the company. It's worth nothing though that a lot of the Tax and Assurance folks traveled to client sites very frequently, too (not all of them, but a big chunk). Really the main groups that worked in-office were the internal firm services (HR, internal IT, internal finance, etc).
- fortuna86 5y ago
  > I believe their consulting org is now called Strategy& I still can't believe they settled on that name..
  - BrandoElFollito 5y ago
    When reading that there and not knowing the name, I thought it for truncated somehow by my mobile display. The name sounds like a parody.
- mbg721 5y ago
  If they're your auditors, they're not just in their office; they're in your office. Auditors can feel like consultants; they show up on your site regularly, they have a conference room that's theirs for the duration of their stay. In the past I've even had them sit behind me and watch me click stuff, although I'm sure a lot of that changed in the last year.

by ElFitz 5y ago

maxmcd 5y ago

Yeah 100%. PwD is also a big accounting firm. Most of the accounting side was in-office.

jameshart 5y ago

I mean, PwC aren't consultants, they're accountants. They do audits and stuff. They actually got out of consulting entirely when they sold their consulting arm to IBM, but they've rebuilt that somewhat - I believe their consulting org is now called Strategy&, but they're somewhat arms-length (because it doesn't do, post-Enron, to be providing consulting services on how to structure your business to a company whose accounts you're also auditing)

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awsthro00945 5y ago
Something like 1/3rd of PWC's revenue comes from consulting (officially their "Advisory" arm). They started rebuilding it almost as soon as they sold it. Strategy& is actually only a small portion of the Advisory org (S& is really just the rebranded acquisition of Booz&Company). Another 1/3rd comes from the Assurance arm, which is kind of a cross between accountants and consultants. The "Tax" arm are the traditional "accountants", but that's only 1/3rd of the company. It's worth nothing though that a lot of the Tax and Assurance folks traveled to client sites very frequently, too (not all of them, but a big chunk). Really the main groups that worked in-office were the internal firm services (HR, internal IT, internal finance, etc).
fortuna86 5y ago
> I believe their consulting org is now called Strategy& I still can't believe they settled on that name..
- BrandoElFollito 5y ago
  When reading that there and not knowing the name, I thought it for truncated somehow by my mobile display. The name sounds like a parody.
mbg721 5y ago
If they're your auditors, they're not just in their office; they're in your office. Auditors can feel like consultants; they show up on your site regularly, they have a conference room that's theirs for the duration of their stay. In the past I've even had them sit behind me and watch me click stuff, although I'm sure a lot of that changed in the last year.