Getting an Internship at one of the Big 4 consulting firms (Deloitte, PricewaterhouseCoopers (PwC), KPMG, and Ernst and Young) is a dream of many commerce students. These firms offer exposure to global clients, professional training, and a strong start to your career. However, due to so many specialisations available, it can be confusing for the students which one will be the right specialisation.
In this article, we will discuss some of the most relevant BCom course specialisations that can help students land internships at the Big 4. We will also simplify why each one is important and what roles students can apply.
What are the Big Four Consulting firms?
The ‘Big Four’ refers to the four largest consulting firms measured by revenue. It includes Deloitte, Ernst & Young (EY), PricewaterhouseCoopers (PwC), and Klynveld Peat Marwick Goerdeler (KPMG). These companies offer Audit and Assurance Services, Tax Consulting, Advisory/Consulting firms, and Legal and Regulatory services to clients around the world.
Why is choosing the Right BCom Specialisation Important?
The Big 4 firms have multiple departments such as Audit, Taxation, Risk Advisory, Consulting, and Financial Services. However, when hiring interns, they often look for candidates who already have basic knowledge in a relevant field. Choosing the right specialisation has a major impact on the internship recruitment. Some of the benefits of Big 4 firms are mentioned below.
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- It shows the recruiters that a student is serious about their career in that domain.
- Help the candidates understand the key concepts before they apply full-time.
- Prepare the students for job interviews.
- Companies also offer placement based on performance in the internship.
Popular BCom Specialisations to Land Internships at Big Four Consulting Firms
Getting an internship with a Big Four firm requires much more than just good academic performance. With each firm offering specialised services across audit, tax, advisory, and consulting domains, candidates having relevant academic backgrounds and experience have a competitive edge.
Choosing an appropriate BCom specialisation not only aligns with your knowledge of industry needs but also enhances students’ profiles during recruitment processes. The following BCom specialisations are valued by the Big Four and can significantly improve candidates' chances of landing an internship.
BCom Accounting and Finance
BCom Accounting and Finance is a three-year undergraduate programme for students interested in gaining in-depth knowledge of accounts, cost accounting, financial management and taxation. It is an ideal specialisation for students interested in working in auditing and consulting roles.
BCom Accounting and Finance Skills Learned
- Financial Reporting
- Cost and Management Accounting
- Financial Analysis
- IFRS and Accounting Standards
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Internship Roles Students Can Apply For After Graduation
- Audit Intern
- Risk and Controls Analyst
- Assurance Trainee
- Financial Advisory Intern
BCom in Taxation
BCom in Taxation is a two-year undergraduate degree programme that prepares candidates for various taxation, accounting and financial planning. Taxation is amongst the core services offered by the Big Four companies. These firms handle complex taxation for multinational clients. Tax Laws are complex and always changing, and companies rely on experts to stay compliant.
BCom in Taxation Skills Learned
- Income Tax Laws
- GST and Indirect Taxation
- Corporate Tax Planning
- International Tax Planning
Internship Roles Students Can Apply For After Graduation
- Tax Analyst Intern
- GST Intern
- Direct Tax Trainee
BCom in Banking and Insurance
BCom in Banking and Insurance is an undergraduate degree programme that focuses on the principles, operations and rules and regulations of banking, insurance and insurance sectors. The course duration is three years, with six semesters. This specialisation can be very beneficial for internships in Risk Advisory, Internal Audit, or Compliance Services, especially in the financial services domain.
BCom in Banking and Insurance Skills Learned
- Banking and Regulations
- Risk Management
- Insurance Policies and Compliance
- Financial System Operations
BCom Banking and Insurance- Internship Roles Students Can Apply
- Risk Advisory Intern
- Financial Services
- Internal Audit Intern
BCom in Business Analytics
BCom Business Analytics is an undergraduate degree programme. It provides students with knowledge of data models, dashboards, and business insights. While it is a prevalent specialisation in management degrees such as MBA, it has been recently introduced in BCom degrees. Business Analytics is a highly relevant specialisation for fields such as Management Consulting.
BCom Business Analytics Skills Required
- Data Interpretation and Visualisation
- Excel, Power BI, Tableau Basics
- Introductory Programming (SQL or Python)
- Business Forecasting and Modelling
Internship Roles in Business Analytics
- Consulting Analyst Intern
- Business Intelligence Intern
- Digital Transformation Intern
BCom in Corporate Law
BCom in Corporate Law, also known as BCom in Business Law, is a popular programme. It combines core commerce subjects with legal subjects, focusing on how businesses operate in compliance with the law. Since operating within the government rules and regulations is very crucial for all companies, and Big Four firms are deeply involved in regulatory compliance, corporate governance and legal advisory.
BCom in Corporate Law Skills Required
- Company Law and Governance
- Corporate Compliance
- Contract Management
- Regulatory Frameworks (SEBI, FEMA, etc).
Key Internship Roles After BCom Corporate Law
- Compliance Intern
- Legal and Regulatory Advisory Intern
- Corporate Governance Trainee
How Can Students Boost Their Internship Chances after Graduating with a BCom Degree
While choosing an appropriate specialisation is very crucial, it alone does not guarantee an internship. Students should follow some tips to increase their chances of landing their desired internship after graduation.
- Pursue Certification- Students can pursue short-term courses on Excel, Power BI, Financial Modelling, or Tally to add value to their resume.
- Participate in College Events- Case study competitions, business tests, and participate in finance clubs.
- Build a LinkedIn profile- Keep your LinkedIn profile updated, with your skills and achievements.
- Professional Network- Students can connect with people already working or interning at the Big 4 companies.
- Prepare for Aptitude Tests and Job Interviews- Job Interviews and aptitude tests are crucial for getting an internship at any company. Recruitment at any Big 4 company are very competitive and require good knowledge of the job role along with critical thinking.
Final Thoughts
Each Big 4 firm looks for well-rounded candidates with a combination of academic knowledge and good communication skills. Therefore, it is important for the students to choose the appropriate BCom specialisation to ultimately land their desired internship.