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Similar to the big 4, they may still have an international presence and offer large training opportunities.Mid-tier firms sometimes compete with the big 4 firms for the same qualified accounting majors.
Deloitte Touche Tohmatsu Limited, commonly referred to as Deloitte, is another of the big 4 accounting firms.
Again, they provide the same services - auditing consulting, tax ation, and more. Many recent graduates choose Deloitte because it's one of the big 4, and they offer nice benefits, an opportunity for growth, and international opportunities .
Regional accounting firms are generally smaller and are frequently located in areas where there isn't enough demand for a large accounting firm.
Consequently, they typically provide fewer services than a big 4 firm as well.
The first thing to know is that they are not actually individual firms themselves, but rather a network of member firms with locations all over the world.
This is sometimes called a professional services network.
They were known by their iconic name, Ernst and Young for many years until they shortened it to just EY in 2013.
Supposedly the reason for the rebrand was, “Shortening our name will provide consistency and ease of use for EY practices and clients around the world.”They have some very famous clients such as tech giants Amazon, Apple, Google, and Snapchat.
And while mid-tier firms generally pay a bit less than big 4, candidates may elect to bypass the big 4 route altogether as job happiness is generally higher in mid-tier accounting firms.
Also, mid-tier firms are important for big 4 candidates to consider as a potential option during the job-seeking process.