But rival firms and institutes said that rather than cutting back on graduate trainees, figures showed the number of graduate posts being taken up was rising.
Their comments came after PricewaterhouseCoopers cut 78 of 180 jobs offered to graduates in its management consultancy arm, due to ‘dwindling activity’ in the sector.
The firm said it was offering compensation to those affected.
Also this week, the ICAEW revealed its trainee intake was down this year, from 4,169 in 2000/2001 to around 3,600 for 2001/2002. Brian Chiplin, executive director of education and training at the ICAEW, said the drop was due to trainees at Ernst & Young and PwC being trained at Scottish rival ICAS.
CIMA and ACCA said they were experiencing an increase in the number of students being offered training contracts – CIMA said figures were up 11% on last year. Deloitte & Touche, Andersen and Ernst & Young said they had no plans to cut back on graduate intakes.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice