Hmmmm, as I recall Andersen Consulting personnel moved to either Accenture or Deloitte Consulting - still two of the best brands in the market. Since the Enron and Worldcom fisacos the new legislation regarding liability has, in fact, made a safer world for the Accountancy companies (Limited Liability Partnership - it's a gas!). Even the new accounting regulations have resulted in hugely increased assurance revenues for all of the big 4. Neat eh? You create a problem then get paid millions to sort it out. All in all, the security of working for the consultancy arm of a big 4 is not to be sneezed at. After all, during the next consulting downturn, and there will be one, where are the crutches that support the strat houses? There are none. At a big 4 there is always work available elsewhere in the company, money coming in through the door, that prevents the P45s being handed about willy nilly. Job security (mental and financial) counts for alot. You should try it sometime.