The Big 4 consultancies are snapping up the best talent from each other, luring senior executives with fat packages

In the race to grow faster, Big 4 consultancies PricewaterhouseCoopers, KPMG, Deloitte and EY are poaching talented senior executives from each other.

Recently, PwC poached five top executives including partners and directors from KPMG's private equity tax practice.

The poaching of talent has led to a merry-go-round kind of situation where partners and senior directors at these consultancies have changed jobs several times in the past seven to eight years.

Recently, KPMG also poached partners and directors from its rivals.

"In the Big 4, a partner normally heads a 12-13 member team. And most team members in the past have followed the partners wherever they have jumped," said a senior tax partner at one these firms.

As per industry experts, senior executives get fat packages and many even get a jump of at least 50%.

Meanwhile, the senior executives who have quit KPMG would be required to serve a six-month notice before they could join PwC.

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