Big Four on the lookout for expertise in forensic sciences and cybersecurity

29 November 2018 Consultancy.in

The Big Four accounting and advisory firms appear to be on the lookout for talent in the forensics department, as is evident from their active participation in the latest round of placements amongst graduates of the Gujarat Forensic Sciences University (GFSU) held in Gandhinagar recently.

Deloitte, EY, KPMG and PwC have been actively engaged in developing a strong pool of talent in their respective advisory practices in the Indian market. This strategy has led to strong competition in recent times, involving the poaching of large groups of partners and their teams from each others’ rosters.

The demand for personnel is driven not only by growth in demand for advisory services in the country, but also by significantly more diverse expectations from consulting firms. Where firms were traditionally required to offer strategy support, clients now expect end-to-end involvement from strategy to implementation.

Cyber security and digital forensics now appears to be among the range of specialisations in which the firms are now building capabilities. As the Indian market digitalises rapidly, highly sensitive data is now more vulnerable than ever in light of inexperienced online users. The Big Four themselves have been victims of cyber attacks in recent times.

Big Four on the lookout for expertise in forensic sciences and cybersecurity

As a result, EY, PwC and Deloitte were high on the list of firms hiring from the GFSU in the latest round of placements, representing the consulting industry among a range of tech and telecommunications firms including Reliance Jio and L&T Infotech, as well as financial institutions such as Axis Bank and HDFC Bank.

In addition to the multisectoral interest, the primary recruiters at the event were, ofcourse, forensics and cybersecurity firms. According to the university, the highest salary package offered at the event was 11 lakh per annum. “I was interested in the field and updated myself regularly that paid off”, said Amey Pokale, who will now engage in penetration testing and cyber auditing for Big Four accounting and advisory firm Deloitte.

Pranav Pahat, another student who was hired by EY indicated that he expected this demand from the professional services sector, stating that “against requirement of about 1 lakh professionals, we don’t even have quarter of that number. I believe that for the next few years, the fields such as cyber security audit and penetration testing for both computer and mobile can be a good career option.”

Director General at GFSU JM Vyas meanwhile added that, “the requirement (for forensics experts) is coming from very diverse fields and for the past few years, the global management consultancy firms are also visiting us to hire the cyber security experts.”

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Deloitte to double Hyderabad staff to nearly 80,000 in the near future

14 February 2019 Consultancy.in

Global professional services firm Deloitte has revealed gargantuan plans for the Indian market over the next half a decade, indicating that it might add as many as 40,000 professionals to its staff in the country. The new professionals will join the firm’s Hyderabad outfit, which already houses 40,000 employees.

Big Four rival KPMG’s announcement last month that it plans to recruit 9,000 employees in the near future has now paled in comparison, as Deloitte’s plans scale four times that volume. The plans come amid a wave of recruitment amongst consulting firms in India, as they look to cope with rapidly expanding demand in the market. 

Hyderabad is currently the firm’s centre of operations in India, supported by a number of innovation centres and housing as many as 40,000 employees already. The biggest operations in India aside from Hyderabad are in Mumbai, Bengaluru and Delhi, which collectively house between 9,000 and 10,000 professionals.

The firm now plans to double its staff in Hyderabad over the next 3 to 5 years, taking it to a staggering 80,000 professionals. The plans were revealed by Technology, Media and Telecommunications leader for Deloitte India Hemant Joshi, which indicates the department where most of this recruitment will be concentrated.

Deloitte to double Hyderabad staff to nearly 80,000 in the near future

The new recruits, according to Joshi, comprise of “a lot of engineers and software professionals,” which will mostly be recruited from academic institutions and other firms in the country. Deloitte has previously demonstrated its comfort with poaching talent from its rival consulting firms in India.

The focus on the technology domain is consistent with the trend across the consulting and IT services industries in India, which are all attempting to develop their in-house expertise in a range of Industry 4.0 domains. These intentions are driven by the demand for support in these domains among firms from all sectors in India.

As the population in India becomes increasingly digitalised, most businesses are under pressure not only to find a way of selling their products and services on the online domain, but also to design digital marketing campaigns and strategies that will reach all the new online users in India.

Deloitte is looking to tap into this market with full force, and will deploy most of this new strength towards its Industry 4.0 services. “We are building (facilities in Hyderabad) ahead of hiring and we are hiring as rapidly as we can,” said paul Sallom, Global Leader TMT Leader for Deloitte.