In the Vault.com "Most prestigious companies to work for" survey, Accenture has placed as follows:
2002 - 5th ;
2003 - 9th ;
2004 - 12th ;
In ConsultingMag.com "The best firms to work for" survey, Accenture has placed as follows:
2001 - 3rd ;
2002 - 8th ;
2003 - Not in top 10 ;
I'm sure that statistically this doesn't prove anything, but to me it is at least "anecdotal evidence" of a falling reputation
Global attrition is up from 12% last year to 18% now. The company has grown from 75k eployees last year to about 95k today. It is therefore no longer as prestigious to work at ACN, plus the sense of community is being eroded as the company turns into a global behemoth corporation. The company is expanding from high-margin glamorous consulting to dull long time-scale outsourcing with low margins and lower salaries. The minimum time you have to spend at a career level has been extended making it slower to progress upwards in the ranks. It also means your salary does not increase as quickly. Furthermore, the "golden carrot" of partnership that used to motivate people to give their life and soul to the company has been removed throug the IPO, making people question their reasons for staying with the company.
The way I see it, bright blue-eyed graduates in the UK have 4 options if they want a top corporate career: 1. Investment banking 2. Accounting 3. Law 4. Consulting.
All offer different combinations of reward (now and later), training and qualifications, job security, and working hours. What Consultnig had to offer in the past was a middle-level of job security, extreme fast track promotion, lots of money to start off with, and bitching long hours. It still offers the long hours, promotion is slower, same level of job security, and less money than before.