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Big Four Called Best Launch Points

by Dona DeZube - September 9, 2009

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	BusinessWeek's 'Best Places to Launch a Career 2009'

When BusinessWeek published its annual "Best Places to Launch a Career" list last week, the Big Four won the top four spots among the 69 large employers listed. That's just a slight change from a year ago. Then, Deloitte, Ernst & Young and PricewaterhouseCoopers also held the top three places (in different order), while KPMG placed fifth behind Goldman Sachs.

The rankings are based on a poll of 60 college career services directors, a survey of 60,000 undergrads and statistics on pay, benefits, training and retention filed by employers.

Two other accounting firms made the list this year: Grant Thornton in the no. 51 spot (up from 76th in 2008) and McGladrey & Pullen at no. 66 (up from 104 a year ago).

Entry-level hiring fell off at all six firms between the first five months of 2008 and the same period in 2009. The declines were most dramatic at the smaller firms, even though their numbers included hires starting later in the year:

Deloitte reported its entry-level hires edged down just 1.1 percent from a year ago, while PwC's dipped 5.8 percent. Ernst & Young made 19.7 percent fewer entry-level hired, while KPMG's figure slid 35.6 percent. McGladrey & Pullen was down 37.9 percent and Grant Thornton down 46.5 percent.

The BusinessWeek data also show three-year and five-year retention rates, signing bonuses and a variety of other interesting statistics about each firm's new hires.

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