Accenture: The company
With around 211,000 employees in 53 countries across the globe, Accenture is one of world’s leading consulting companies. It specialises in management consulting, outsourcing and technology services, and is a market leader in large scale IT implementation. It is also well known for its extensive experience and capabilities across all industry sectors, as well as in-depth research it conducts on the world’s leading companies. Accenture runs business operations in more than 200 cities and its clients include 94 of the Fortune Global 100 and more than 75 percent of the companies in the Fortune Global 500. The company has received accolades as a global leader, great employer, and good corporate citizen.
Starting as a part of Arthur Andersen, then splitting to become Andersen Consulting, and finally becoming independent in 2000, Accenture is showing phenomenal growth. The name Accenture was established in 2001 and it took only four years for it to reach the top 50 on the World’s Top Brands list.
Careers at Accenture
Like most other consultancies, Accenture felt the recession of the early 2000s, but has recovered since and is now measuring revenue growth in double digits. This shows in hiring, too. The majority of Accenture’s hires are recruited to graduate-level positions, as the company prefers to train its own senior staff rather than hire them. After getting such quality training in a leading IT consultancy, many employees take lucrative senior offers with clients and their competitors. As a result, Accenture has to hire hard to meet the double challenge of double digit growth and attrition.
Accenture has been one of the best graduate recruiters in the UK in the last decade. Top performers can get their first promotion after just two years at the company. Accenture’s starting salary is £31,500, with a £10,000 bonus for new graduates in their first year. The company places a great deal of value on knowledge management. Graduate hires start their consulting careers in the Analyst Consulting Group and get structured training as well as plenty of opportunities for professional development, including more than 20,000 courses that are available to them online.
Accenture’s Smart Working initiative and progressive talent management style allow consultants a lot of flexibility in how, where and when they work, making it easier for them to find a good work-life balance and for the company to retain top level talent. Careers at Accenture start with analyst jobs and progress to consultant, manager, senior manager and senior executive roles.
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Accenture’s organisational structure
Accenture delivers services and solutions through 19 focused industry groups operating within five groups: Communications & High Tech, Financial Services, Products, Resources, and Health & Public Service. Accenture’s organisational structure also includes employee workforces in Consulting, Services, Enterprise, and Solutions. Accenture is a publicly traded company governed by a board of directors which has four standing committees: Audit, Compensation, Nominating & Governance, and Finance.
There is no doubt that Accenture’s alumni do very well in this world and if you want a strong IT consultant’s CV, then this is one of the best places to work. Accenture offers its employees a brand name recognized the world over. The consultancy’s range of work opportunities allows the consultants unprecedented flexibility in their career options. However, it is not all plain sailing. Accenture has a very high staff to partner ratio, which means that your chances of progressing all the way to the top are smaller than at other consulting firms. In many ways, Accenture is the “Prosper and Grumble” of IT consultancy – the nick name given to P&G when it became the best place in the world to learn management.
Accenture is one of the companies that took part in the Consultancy Careers Fair in London in October. A streaming video of their presentation at the event is available on Top-Consultant.com.