The World's Largest Shadow Employer - Accenture

158,283
0
Published 2024-05-15
Have Companies & The US Government Pay You!
app.silomarkets.com/launch

Have you ever heard of a company called Accenture? Well, they’re actually the 4th largest employer in the world with 733,000 employees worldwide. Most of you have likely never heard of Accenture though and that’s by design. Accenture is a consulting company headquartered in Ireland and they help all of the biggest companies and governments in the world with their busy work and their dirty work. Before being headquartered in Ireland, Accenture was actually headquartered in Bermuda. And before they were headquartered in Bermuda, they were just a subsidiary of an accounting firm called Arthur Andersen (the same Arthur Andersen that was involved in the Enron scandal). So, while Accenture primarily employs white-collar individuals, their services are much more in the gray area. This video explains the rise and controversies surrounding one of the largest background companies in the world: Accenture.

Have Companies Pay You:
www.silomarkets.com/

Free Weekly Newsletter With Insiders:
logicallyanswered.substack.com/

Socials:
www.instagram.com/hariharan.jayakumar/

Discord Community:
discord.gg/SJUNWNt

Timestamps:
0:00 - Accenture
2:12 - Shady Beginnings
6:09 - The Dark Side Of Accenture
10:03 - The Truth About Accenture

Thumbnail Credit:
Jakub Porzycki - AP
bit.ly/3WHy3AZ

Resources:
pastebin.com/kba7hRHY

Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
www.silomarkets.com/disclosures

All Comments (21)
  • @tehpanda64
    It amazes me how accenture is so big despite consisting almost entirely of BS jobs.
  • @bharath2508
    Hari, As a current employee of Accenture I am impressed with such content. These mnc usually won't tolerate any negative comments about them. They send legal notice here in India. Capgemini is even worse from an ex employee perspective. Kudos to your courage. Sathyameya Jayathe
  • Incredibly simplistic video; a deep tone in your voice doesn't necessarily mean that you've done some actual analysis. And if you don't know Accenture, you probably live under a rock. 1. US Salaries are not representative of the whole firm. In many countries, only accenture directors make 90K a year. 30% of Accenture employees are in India. 2. Management consulting has nothing to do with what you described; most companies simply ignore the advice given to them if they don't agree with it. If a CEO blames a consulting firm for a mistake, the board will fire them first thing in the morning. And Accenture is not even a management consulting firm like McKinsey; it's primarily a tech consulting firm, which means it works primarily with clients to install business solutions. Like it or not, no firm can do it all by themselves. A bunch of coding nerds don't know how to do their books, and a bunch of 50yo accountants don't know tech; they both pay consultants to do the job. 3. Accenture is so massive because it's the world's largest subcontractor. It's not as much consulting as it is "renting out tech-savvy employees to our clients". That's the dirty side of Accenture. It underpays overworked graduates in India and other countries so that it can offer much lower rates than its competitors. You could have easily found all this by doing some actual research.
  • @antipoti
    I worked at accenture for almost 2 years now. Quit and next week will be my last here. Good timing.
  • Ex-Accenture employee here. A few corrections - 1. Accenture is based in Dublin, Ireland not just registered there for tax benefits much like rest of tech giants e.g., Apple. 2. Accenture doesn't work in shadows lmfao. Everybody in the IT industry know their brand. They often compete and get compared with big 4.
  • @pardhivvarma
    Yes Accenture is a mass recruiter for our college here in India
  • @ghayes220
    Back in the 80's & 90's , I was a programming contractor and usually worked at large companies for months or years at a time. Whenever I was at a company that Arthur Andersen was also contracting at, they were always the best dressed (and presumably, highest paid) of any of the contracting groups. None of us had any respect for them, since they never seemed to know what to do without help from one or more of the other contractors.
  • @the0ne809
    40k to hire a single person. incredible haha
  • This video gave me flashbacks. Company managers using Accenture managers as human shields (padding) against accountability. This rots a corporation from within, as short sighted decisions go essentially unpunished and the shielded managers never learn their lessons and keep repeating their mistakes. Quality employees eventually get fed up with constant failures and their hard work wasted.
  • @farfa2937
    Actually it's pretty well known here b/c they'll hire programmers without experience and train them so a very large chuck of programmers (including myself) started there and then pivoted to a better paid job as ssr. instead of jr. Which is why it's popularly known as "the McDonalds of programming".
  • @mephilees7866
    I did an interview with them once a few years back. The interviewer was an MIT master graduate. He was good but the job seemed bullshit to me so I went to another company. The interview was easy, mostly Data Science related questions with python, SQL, ML, and stats verbal questions requesting you to speak the code for. That's it, no followup coding interviews. One interview round. Was surprised.
  • @jackjin8467
    As someone who’s been in the space for a while 16 plus years, I’d say you’re right 50 percent. Which is impressive since you dump content online and it’s your role. This video is no different than an analyst putting together a deck on a topic with a fraction of knowledge to cover the topic
  • Accenture is also a great way to leapfrog into a better company. Work as a consultant/analyst and build your network with your customers and get hired when there's an opening
  • @lefton4ya
    This video feels like it is missing a whole section at the end, as you didn’t mention anything about Accenture specifically that is bad compared to other consulting firms other than they don’t advertise their name publicly. I usually love your videos but this one is not complete.
  • @vietnamabc2290
    Worked with the Accenture Philippines branch, the turnover there is crazy, one dude can get replaced in like a month.
  • @pigzard01
    In my country it's one of the top companies tech course graduates aim to get hired in so it's pretty well known.
  • @PhillKaggitz
    H1B visa mill. Every single analyst from Accenture I met had no idea what they were doing.
  • @abgy237
    Accenture are also a terrible consultancy! Worked with them on a project and they were awful and did very little!
  • In light of the current economic trends indicating a potential downturn in the stock market and an impending recession, coupled with falling inflation rates, investors are advised to consider diversifying their portfolios. Exploring alternative assets such as gold and crypto trading would be a strategic move to hedge against the expected market volatility and inflationary pressures. This approach is crucial in navigating the complex financial landscape shaped by fluctuating Federal Reserve policies and the broader economic climate........Amidst this the insights of a knowledgeable guide like Kerrie Farrell can be crucial. Her expertise in navigating the nuances of cryptocurrency investments has been the key to understanding and making the most of these emerging financial trends...managed to grow a nest egg of around 4 b,tc to a decent 21 b,tc in the space of a few months....
  • I am from India and if you see an ad for any highly paid call centre job, it's almost always Accenture or Barclays 😅, they usually pay 3X the median wage in India. I knew about them but I didn't know how big they were!