One of the most sought-after careers in the nation is consulting, according to a poll of almost 20,000 graduates in Singapore. The Major Four, Accenture, and the big three strategy consulting firms singapore —McKinsey & Company, Boston Consulting Group, and Bain & Company—are the typical suspects that young professionals are keeping an eye on. In Singapore, more than 30 institutions produce an average of 16,000 graduates, most of whom hold degrees in engineering, social sciences, natural sciences, business administration, accounting, or information technology. To determine the career aspirations of bright young professionals, Consultancy. Asia analyzed survey data from more than 20,000 graduates from two cohorts from some of Singapore’s top universities, including the National University of Singapore, Nanyang Technological University, and Singapore Management University.
In Singapore, graduates seem conscious of these advantages, where the more significant the benefit, the better for these young professionals. The Big Four, which consists of Deloitte, EY, KPMG, and PwC, are the biggest consulting companies worldwide and have an excellent reputation throughout the international business community. For graduates from Singapore, these four are likewise at the top of the list. When it comes to graduation favourability, PwC edges out the competition. With 110 partners and more than 3,500 employees, the firm has been operating out of a cutting-edge office at Marina One since 2018. In addition to its dedicated strategy consulting firm, Strategy&, founded after PwC acquired Booz & Company, the company’s consulting activities span its PwC Advisory vertical.
Compared to other societies, its citizens have reached a higher degree of education, and a rising percentage of its labor force comprises knowledge workers. In other words, the employment in professional, knowledge-based roles has increased while the number of persons employed in operational roles has significantly decreased. Its sector creates products with built-in artificial intelligence (often with IT, as in the case of JIT production), such as voice-recognition software and technology increasingly employed in smart cars. Private, government, and civil society organizations are changed into intelligent organizations. Its service-based sectors, retailing, etc., are also undergoing tremendous transformations, as evidenced by an increase in virtual retailers like Amazon.com or CD World.
Increased organized knowledge exists through digitalized expertise in data banks, expert systems, organizational plans, and other media. There are numerous centers of expertise and a polycentric production of knowledge. We observe the growing significance of so-called communication of practice within and between organisations, i.e. self-organizing informal social structures, which can produce and use organizational knowledge through informal learning and mutual engagement to leverage internal and external stakeholders.