Amid continuing global headwinds, many senior execs from tech companies join ‘big four’ as partners

economictimes.indiatimes.com:

Tech firms such as Accenture, IBM and Genpact have lost talent, said the people, along with Infosys, Wipro, TCS, HCL Tech and Tech Mahindra, with some of their senior executives moving either to consulting roles as Partners or senior level implementation and operations roles at the top four professional services firms.

Unlock Leadership Excellence with a Range of CXO Courses

Many of the senior executives have joined the big four firms with a 20-30% jump in their salary packages, the people said.

A push from the volatile global business environment for tech companies, stagnating career growth and lack of visibility for the next two years coupled with a pull from a growth in technology consulting at the professional services firms fuelled such crossovers, said industry executives.



In addition, they said, the partnership model, entailing multiple partners, at the professional services firms offers more opportunities for career progression than the vertical hierarchy at the tech companies.

Some of the recent moves, tracked by ET on LinkedIn, include Jaikumar Subramanian and Mantosh Verma moving from IBM to join Deloitte as partners; Satish Pai, partner, Deloitte, who joined from Tech Mahindra; Vishvesh Prabhakar, partner, supply chain transformation, PwC, who joined from Accenture; and Bhaskar Bhattacharya, partner, financial transformation, shared services and digital finance technology, PwC, who joined from Accenture.

ET's queries to Deloitte and EY did not elicit a response. PwC refused to share names of its recent partner