Restrained outlook for consulting market as KPMG, Deloitte, EY and PwC scale back new partner intakes

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Annual growth in the sector is forecast to fall to its lowest level – apart from the short-lived pandemic slump – since 2015.

Strategy and human resources experts were the hardest hit by the fall in demand for consulting services last year, and annual growth in the sector is forecast to fall to its lowest level since 2015, barring the short-lived COVID-19 slump.

The pullback is being blamed on the fallout of the PwC tax leaks scandal, which led to reduced demand in the“Australia in particular has had to deal with a collapse in demand for consulting services following domestic scandals and a general belt-tightening from consumers,” said Dane Albertelli, a senior research analyst at Source Global Research.

Deloitte, Accenture and EY have made the biggest cuts to the number of jobs on offer. Deloitte is down from a peak of more than 700 ads, Accenture is down from about 500 and EY is down from more than 400 ads. “Late February is when we kick off our graduate recruitment campaign so this is why there is a spike in Feb/March.”Accenture Australia’s human resources lead, Claire McCaffery, said LinkedIn was just one of the firm’s recruitment methods.

 

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