First, our apologies to Brian Becker for any rumor-denouncing emails he may have been compelled to send this week. 🥺👉👈
Let’s ignore that and focus on something good for RSM: fiscal 2023 revenue. The firm ended the year at $3.7 billion according to its recently released impact report, a whole 400 million dollar — or a numerically satisfying 12.1212% — increase from RSM’s 2022 revenue of $3.3 billion.
Revenue by service line:
- Assurance 28%
- Tax 33%
- Consulting 38%
- Other 1%
Some more numbers for you:
Said Managing Partner and CEO Brian Becker in his very first impact report letter since taking over the helm after Joe Adams left last year:
Here at RSM, we provide both leading insights and compelling solutions to help our clients and our teams rise to meet these challenges. A few examples from this year include our work around economic headwinds and our support of clients during the banking crisis. We have also continued to advance our managed services offerings to help clients who are challenged with the labor shortage, are looking to operate more efficiently or are refocusing on the core of their business. And we continue to advance service offerings in new areas, such as environmental, social and governance (ESG), where our clients are looking for our support.
Simultaneously, we have been positioning our firm to meet the future. In January 2023, we launched a new global strategy for 2030, uniting all 57,000 people at RSM around the world. Domestically, we realigned our business to enable even more compelling experiences for our talent and our clients. Our lines of business are configured around common service lines, capabilities and solution sets to enable our people to build expertise aligned with their passion, assemble strong teams of experts to serve clients, and deploy digital tools and resources more quickly. Our industry teams are focused on going to market with the most compelling insights and services, and our markets are structured to harness the full power of RSM to meet the needs of our clients. We have also scaled our offices in India and El Salvador to bring on outstanding new talent to work with our domestic teams in the delivery of services to our clients.
We are deploying digital solutions more rapidly than ever as we evolve to become a digital firm providing assurance, tax and consulting services. This creates value for our clients through seamless digital engagement that complements the services our people deliver, and it creates value for our people by making their jobs more efficient—enabling them to focus on more strategic work and providing opportunities to learn new skills. Being digital is a journey, and we are well on our way.
Finally, we remain steadfast in sustaining our unrivaled, inclusive culture that compels talent to join us and grow their careers with us. We were named to the Fortune Best Companies to Work For list for the third year in a row, and once again recognized as one of People’s Companies that Care. Additionally, we doubled down on our ESG commitment by joining the United Nations Global Compact, continuing to enhance our environmental sustainability activities, signing the UN Women’s Empowerment Principles, and advancing our culture, diversity and inclusion strategy.
While you’re here, r/accounting’s RSM compensation thread is worth a look. It’s been our observation that RSM is an employee favorite, backed up by Glassdoor reviews and the firm’s listing on Great Place to Work. The money may not be the best but we hear the people are alright. Feel free to say otherwise in the comments.
RSM US Fiscal Year 2023 Impact Report [RSM]