Forvis Mazars is a newly formed global professional services firm created through the strategic merger of FORVIS (U.S.) and Mazars (international) in June 2024. This merger brought together two highly respected firms with shared values, complementary strengths, and a common vision to provide audit, tax, and consulting services with a strong focus on quality, client relationships, and industry specialization.
FORVIS, formerly BKD and DHG, was one of the largest accounting and advisory firms in the United States, known for its deep expertise in middle-market consulting, assurance, tax, risk advisory, cybersecurity, and business transformation.
Mazars, based in Paris, France, has a long-established global presence across over 100 countries, with deep capabilities in audit, financial advisory, consulting, and sustainability services, particularly in Europe, Africa, and Asia.
As Forvis Mazars, the combined firm ranks among the top 10 global professional services networks, with more than 40,000 professionals worldwide, including over 10,000 in the U.S. The firm maintains a unique structure: a two-member partnership where Forvis operates in the U.S. and Mazars operates globally, while delivering a fully integrated service experience to clients.
Forvis Mazars focuses on delivering personalized consulting solutions across industries such as financial services, healthcare, manufacturing, technology, real estate, and the public sector. The firm is also gaining recognition for its work in ESG, digital transformation, and cross-border advisory.
History and Evolution
Forvis Mazars is the result of a strategic combination between two established professional services organizations: FORVIS in the United States (itself formed from BKD and DHG) and Mazars internationally. Mazars traces its origins back to 1945, when founder Robert Mazars opened an accountancy practice in Rouen, France. Over the ensuing decades, Mazars grew from a small local firm into a global integrated partnership, expanding across Europe, Africa, Asia, and the Americas through a series of mergers with like-minded firms (e.g. Neville Russell in the UK in 1998, Paardekooper Hoffman in the Netherlands in 2000, and Weiser in the US in 2010). By the early 2020s, Mazars had a presence in over 90 countries and was recognized for its focus on technical excellence, ethics, and quality. Meanwhile in the U.S., regional accounting powerhouses BKD (founded in 1923 in Missouri) and Dixon Hughes Goodman (DHG) (formed from predecessors dating to the 1930s in the Carolinas/Virginia) built strong reputations in audit, tax, and advisory services. In June 2022, BKD and DHG completed a merger of equals to create FORVIS – a name blending “forward” and “vision” – instantly positioning the new firm among the top 10 U.S. accounting firms. FORVIS brought together a century of experience, over $1.4 billion in revenue, and deep regional expertise across the Midwest and Southeast U.S., unifying under a shared vision of being “forward-looking” for clients.
The pivotal next step came in 2023 when Mazars and FORVIS announced a global partnership to operate under a single brand. Effective June 1, 2024, the two joined forces as Forvis Mazars, creating a new top-10 international accounting and consulting network. This union combined Mazars’ internationally integrated partnership (with its strong footprint in Europe and worldwide) with FORVIS’s large U.S. platform. Both legacy firms remain separately owned partnerships, but they coordinate strategies and services as one network. The combination has significantly expanded each side’s reach: FORVIS gains access to Mazars’ global markets, and Mazars finally achieves the robust U.S. presence it had been striving for. As of 2024–2025, Forvis Mazars collectively generates roughly $5 billion in annual revenue and employs approximately 40,000 professionals in over 100 countries. This makes it one of the largest accounting and advisory organizations globally – a notable new entrant at that scale in decades. The firm’s evolution reflects a commitment to growth and integration while honoring the legacies of its predecessors.
Key Leadership and Strategy
Forvis Mazars’ leadership is a blend of figures from both legacy organizations who drove its growth and the new strategic vision. Hervé Hélias, who has been Mazars Group’s CEO (and Chairman of its Executive Board) since 2016, now serves as Chairman of the Forvis Mazars Global Network Board. Under Hélias’ stewardship, Mazars pursued international expansion and innovation, setting the stage for the partnership with FORVIS. On the U.S. side, Tom Watson – former CEO of BKD – became CEO of FORVIS in 2022 and now leads Forvis Mazars LLP (the U.S. firm) as its Chief Executive. Watson was a key architect of the BKD-DHG merger and a champion of the “unmatched client experience” culture at FORVIS. Matt Snow, the former CEO of DHG, took on the role of Chair of FORVIS and is now Vice Chair of the Forvis Mazars global board, providing leadership continuity and focus on strategy execution.
The combined firm’s strategy is guided by these leaders and others on a global board that includes representatives from both sides. For example, Pascal Jauffret (a senior Mazars partner) has been appointed CEO of Forvis Mazars Group SC, overseeing international (non-U.S.) operations. Additionally, long-time Mazars executives like Phil Verity (Mazars UK leader) and Véronique Ryckaert join seasoned FORVIS leaders such as Rob Pruitt and Fran Randall on the global board. This diverse leadership team shares a common vision: to create a unified, agile network that delivers consistency worldwide. They emphasize a client-first approach, drawing on both Mazars’ values of integrity and technical excellence and FORVIS’s culture of innovation and forward-thinking service. Notably, the founder Robert Mazars and his successor Patrick de Cambourg (who globalized Mazars in the 1980s–90s) laid the groundwork with an ethos of quality and international collaboration. Today’s leaders honor that heritage by continuing to invest in global integration. The formation of Forvis Mazars was a strategic decision spearheaded by Hélias and Watson, who recognized their firms’ complementary strengths. Together, they are setting strategy to expand service offerings, invest in technology, and attract talent—positioning Forvis Mazars as a dynamic alternative to the Big Four while maintaining the partnership culture of a privately owned firm.
Industries Served Globally
Forvis Mazars serves a broad spectrum of industries across all major consulting and advisory service lines. Its client base ranges from large multinational corporations and financial institutions to mid-market companies, startups, and public sector entities. Key industry sectors include:
- Financial Services (Banking, Insurance, Asset Management): A significant portion of the firm’s portfolio is in banking and insurance. Forvis Mazars provides specialized services such as regulatory compliance consulting, internal audit, risk management, and financial reporting advisory for banks, investment firms, fintech companies, and insurers. The firm’s experts understand industry-specific regulations (like Basel III, Solvency II, and SEC requirements) and help financial institutions with everything from stress testing and cybersecurity to digital banking transformation.
- Consumer Products & Retail: In the consumer and retail sector, the firm advises manufacturers, distributors, and retailers of goods (apparel, food & beverage, luxury products, etc.). Services here often focus on supply chain optimization, inventory management, omnichannel strategy, and improving customer experience. Forvis Mazars helps consumer businesses navigate changing consumer behaviors, e-commerce trends, and cost pressures by providing performance improvement consulting, tax planning for global supply chains, and audit/assurance over complex distribution operations.
- Manufacturing & Industrials: The firm has deep experience with manufacturing, automotive, and industrial clients. It provides operational excellence consulting (using lean and Six Sigma techniques to streamline production), cost accounting and controls reviews, and digital factory transformation guidance. For heavy industry and automotive companies, Forvis Mazars also offers advisory on capital projects, procurement improvement, and sustainability (e.g. optimizing energy use and meeting environmental standards).
- Technology, Media & Telecommunications (TMT): Forvis Mazars works with software companies, IT service providers, telecommunications firms, and media/entertainment companies. In tech, the firm often supports fast-growing software and SaaS companies with financial modeling, IPO readiness, and cybersecurity consulting. In media and entertainment (including film and television production, a noted niche), the firm provides specialized audit and royalty assurance services, as well as strategic advice on digital content distribution and monetization. Telecommunications clients might seek help with large-scale IT system integrations, risk management, and regulatory compliance in different markets.
- Life Sciences & Healthcare: The healthcare industry (hospitals, healthcare systems, and life sciences companies like pharmaceutical and biotech firms) is another major focus. Forvis Mazars has a strong healthcare consulting practice inherited from DHG’s legacy in that area. The firm advises hospitals and clinics on financial performance improvement, revenue cycle optimization, and regulatory compliance (e.g. Medicare/Medicaid regulations in the US). For pharmaceutical and medical device companies, services include internal audits of R&D processes, supply chain consulting for drug manufacturing, and assistance with quality and compliance standards (such as FDA regulations or Good Manufacturing Practice).
- Energy, Infrastructure & Environment: In the energy and utilities sector (including oil & gas, renewable energy, and power companies), the firm offers project finance advisory, audit and tax services for complex energy projects, and consulting on efficiency and transition to clean energy. Forvis Mazars also works with engineering and construction firms involved in infrastructure development, providing risk assurance, contract compliance audits, and performance improvement. Additionally, given the growing emphasis on Environmental, Social, and Governance (ESG) issues, the firm helps companies across industries develop sustainability strategies and reporting (for example, conducting carbon footprint assessments and advising on ESG reporting frameworks).
- Real Estate & Construction: Real estate developers, property management companies, and construction contractors rely on the firm’s expertise in areas like tax structuring for real estate investments (including REIT advisory), project cost audits, and construction risk management. The firm’s advisors help navigate real estate transactions, perform due diligence on property acquisitions, and implement controls for large construction projects to prevent cost overruns or fraud.
- Public Sector & Not-for-Profit: Governments, public agencies, and nonprofit organizations are also clients. Forvis Mazars (particularly through Mazars’ international work and FORVIS’s public sector practice) performs services such as public financial management consulting, auditing government programs, and advising on public-private partnership initiatives. The firm has been engaged in projects like auditing international aid funds, consulting on efficiency for municipal services, and helping universities or NGOs with strategic planning and financial sustainability.
Across these and other sectors (including smaller niches like Entertainment & Film, Agribusiness, Transportation & Logistics, etc.), Forvis Mazars leverages industry-specific knowledge. The firm often organizes its teams around industry verticals, ensuring that consultants and advisors understand the unique challenges and regulations of each sector. This industry focus is coupled with the full range of service lines – audit, tax, consulting, financial advisory – meaning clients receive integrated support that covers compliance as well as strategic improvement tailored to their field.
Service Lines and Consulting Capabilities
Forvis Mazars offers a comprehensive suite of services that spans traditional accounting functions and a wide array of consulting and advisory specialties. The major service lines include Audit & Assurance, Tax services, Consulting/Advisory, Financial Advisory & Corporate Finance, and Outsourcing (such as accounting outsourcing and payroll services). Within these categories, the firm has developed robust capabilities. Some of the key consulting and advisory areas and their methodologies/frameworks are:
- Strategy and Transformation Consulting: For strategic planning and business transformation engagements, Forvis Mazars helps clients define clear objectives and navigate change. The firm’s consultants use data-driven analysis and established frameworks such as market analysis models, benchmarking, and scenario planning to craft strategy. Uniquely, Forvis Mazars has developed a proprietary six-layer business transformation framework to guide comprehensive change (from strategy through implementation). This framework covers: (1) developing a transformation roadmap aligned with the client’s vision, (2) transforming core business functions (like finance, operations, marketing, IT, HR) for efficiency and growth, (3) enabling those changes with appropriate technology solutions, (4) leveraging data and analytics to inform decision-making, (5) leading and managing the people side of change (organizational change management and training), and (6) safeguarding the organization with risk management and cybersecurity. By following this holistic roadmap, the firm ensures that digital or strategic transformations address not just technology, but also processes and people. The methodology emphasizes executive alignment (starting at the C-suite) and creating an agile, innovation-friendly culture so that transformations are sustainable.
- Performance Improvement & Operations: In engagements aimed at improving performance or operational efficiency, the firm often employs methodologies from lean management, Six Sigma, and process re-engineering. Consultants will conduct end-to-end process reviews to identify bottlenecks and waste, then work with client teams to redesign workflows. They might use tools like value stream mapping in manufacturing or service blueprints in service industries. Forvis Mazars also benchmarks clients against industry best practices to pinpoint gaps. A typical performance improvement project might involve optimizing a company’s supply chain: the team would analyze procurement processes, inventory levels, logistics costs, etc., and then recommend improvements or implement new systems (like an ERP or automation tools) to achieve cost savings and faster cycle times. Throughout, the firm’s framework stresses measurable outcomes (KPIs) and continuous improvement cycles, ensuring that clients see tangible results in productivity, quality, or customer satisfaction.
- Risk Management and Regulatory Consulting: Forvis Mazars advises organizations on managing risks and meeting regulatory requirements, leveraging widely recognized frameworks as well as its own expertise. In enterprise risk management (ERM) projects, the firm often uses frameworks like COSO ERM or ISO 31000 to assess and mitigate risks. The consultants help clients establish risk registers, perform internal audits, and strengthen internal controls. In highly regulated industries (financial services, healthcare, etc.), the firm’s regulatory consulting teams interpret complex regulations for clients and set up compliance programs. For example, the firm assists banks with Basel capital adequacy compliance or anti-money-laundering program reviews, and assists public companies with Sarbanes-Oxley (SOX) internal control compliance. Methodologically, this involves gap assessments against regulatory standards, remediation roadmaps, and ongoing monitoring mechanisms. The firm’s internal audit and compliance advisors also bring leading practices in governance – they might implement risk assessment workshops, control testing protocols, and use technology tools for continuous auditing. In sum, Forvis Mazars’ risk consulting approach is structured (aligning with established standards) but also tailored to the client’s risk appetite and industry nuances.
- IT and Digital Consulting: Technology advisory is a growing part of Forvis Mazars’ consulting practice. The firm helps clients modernize their IT platforms, embrace digital solutions, and protect their digital assets. Methodologies here include agile project management for software implementation, ITIL (Information Technology Infrastructure Library) practices for IT service management, and cybersecurity frameworks like NIST or ISO 27001 for security assessments. A hallmark offering is digital transformation consulting (often overlapping with strategy and transformation services) where, as noted, Forvis Mazars uses its six-layer framework to integrate business strategy with digital initiatives. In practice, the firm might guide a client through selecting and implementing an ERP or CRM system — doing requirements analysis, vendor evaluation, and overseeing the project rollout with agile sprints. Simultaneously, the firm addresses data strategy: consultants help organizations harness big data and analytics, often using advanced data modelling techniques (the firm even has a dedicated Financial Modelling center of excellence that promotes standardized, high-quality financial model construction). In cybersecurity, Forvis Mazars performs vulnerability assessments and designs cybersecurity programs, ensuring that as companies go digital, they remain protected. The consulting teams stay current with emerging tech trends (cloud migration, AI, blockchain) and incorporate those into frameworks so clients can innovate safely and effectively.
- Financial Advisory and Transaction Services: Under its financial advisory umbrella, Forvis Mazars provides corporate finance guidance, M&A transaction support, valuations, and restructuring advice. These projects are typically executed with rigorous analytical methodologies. For example, in M&A due diligence, the firm follows a structured approach: analyzing quality of earnings, assessing working capital, and identifying potential liabilities or synergies. They use standardized financial modeling techniques (the firm emphasizes consistent, transparent model architecture for valuation and forecasting) to help investors and companies make informed decisions. The valuation practice might use DCF (Discounted Cash Flow) models, comparable company analysis, and industry-specific valuation metrics to appraise businesses or assets. When working on integrations or corporate restructurings, the firm uses project management frameworks to coordinate across functions and mitigate risks post-deal. Additionally, Forvis Mazars’ restructuring and turnaround consultants might employ crisis management frameworks – quickly assessing cash flow, stabilizing operations, and creating a turnaround plan – to assist companies in distress. Throughout all these advisory services, the firm adheres to professional standards (for instance, valuation standards by NACVA or IVSC) and brings an objective, independent perspective, which is crucial during high-stakes financial transactions.
Overall, Forvis Mazars’ service delivery is underpinned by a commitment to quality and consistency. Both legacy firms championed methodologies like “Unmatched Client Experience®” (a mantra from FORVIS indicating highly responsive, client-centric service) and Mazars’ own integrated approach to multi-country engagements. They often deploy cross-functional teams – auditors, tax experts, consultants – to tackle client challenges holistically. This integrated methodology ensures that advice in one area (say strategy) considers implications in others (like tax or compliance). By blending established frameworks (from COSO to Agile to Lean) with proprietary best practices, Forvis Mazars is able to customize solutions while maintaining global standards of excellence.
Global Operations and Regional Structure
Forvis Mazars operates as a global network under one brand, but its structure recognizes regional strengths. The network is essentially composed of two primary entities working in tandem: Forvis Mazars LLP in North America (United States) and Forvis Mazars Group SC covering the rest of the world. Both entities are member firms of a global coordinating company, and they adhere to common policies and quality standards set by the Global Board. Here’s an overview of operations by region:
- North America (United States): The U.S. practice is a cornerstone of the new network. Headquartered in Springfield, Missouri (the legacy BKD base) with major offices in cities like New York, Charlotte, Chicago, and Dallas, Forvis Mazars LLP now encompasses what was formerly BKD, DHG, and Mazars USA. This gives the U.S. firm roughly 7,000+ personnel across dozens of offices in all regions of the country. It’s one of the largest U.S. accounting/advisory firms (consistently ranked in the top 10 nationally). The North American operations focus on domestic clients and U.S. subsidiaries of global clients, but also coordinate closely with international colleagues when clients have cross-border needs. Canada and Mexico: Mazars has a presence in Canada (through a Toronto office) and in Mexico, which are part of the broader North American footprint, though those are managed via the international partnership side of the network.
- Europe, Middle East & Africa (EMEA): Europe is the historic stronghold of Mazars and remains a significant portion of Forvis Mazars’ global operations. The Mazars Group (Forvis Mazars Group SC) is headquartered in Paris, France, reflecting Mazars’ French roots. Across Europe, the firm operates as an integrated partnership – meaning many country practices (France, UK, Germany, Italy, Spain, etc.) are part of one unified partnership rather than separate franchises. This integration allows for seamless service for European clients and a single management structure in the region. The European offices collectively employ tens of thousands of professionals (France, the UK, and Germany being among the largest practices). Mazars is a prominent mid-tier firm in these markets, often just below the Big Four in audit market share and known for serving both large listed companies and mid-sized firms. In the Middle East and Africa, Forvis Mazars has established offices in key hubs like the UAE (Dubai, Abu Dhabi), Saudi Arabia, South Africa, and Nigeria, among others. Many of these grew from Mazars’ expansion in the 2000s and 2010s. They often cater to local companies, multinationals operating in the region, and government entities. The EMEA region is overseen by regional leadership that aligns with the global strategy, and there’s an emphasis on growth in emerging African economies and Gulf states where demand for professional services is rising.
- Asia-Pacific (APAC): Forvis Mazars has a growing presence in the Asia-Pacific region, largely inherited from Mazars’ international expansion. A notable milestone was the integration of a major Chinese accounting firm (ZhongShen ZhongHuan) into Mazars’ partnership in 2016, which greatly expanded the firm’s footprint in China and brought thousands of Chinese professionals into the network. Today, Forvis Mazars has offices in major Asian markets: China (multiple cities), India, Japan, South Korea, Southeast Asia (including Singapore, Vietnam, Thailand, Malaysia, Indonesia, the Philippines), and Australia. In many of these countries, the firm provides audit and advisory services to both domestic companies and international firms investing in Asia. The APAC operations are structured to allow local flexibility (given diverse business cultures and regulations) but they follow the integrated model where possible. Regional hubs like Hong Kong/Singapore (for financial services and regional headquarters work) and Sydney/Melbourne in Australia anchor the Asia-Pacific segment. The firm is keen on APAC growth due to the region’s economic dynamism, and it often transfers expertise from Europe/U.S. to Asian markets (for instance, helping implement Western financial standards or advanced risk management practices in developing markets).
- Latin America: In Latin America, Forvis Mazars has a presence in countries such as Brazil, Mexico, Argentina, Colombia, and others, thanks to Mazars’ expansion there. Brazil and Mexico are among the larger Latin American offices, serving local clients and global companies operating in those markets. The Latin American offices offer the full range of services, often focusing on audit, tax, and cross-border advisory (like helping Latin American companies comply with U.S. GAAP/IFRS or assisting foreign investors). While smaller in headcount compared to Europe or the U.S., the Latin America region is integrated into the global network and participates in region-wide initiatives (for example, sharing expertise on mining industry accounting in Chile, or inflation accounting knowledge in Argentina, etc.).
Globally, the Forvis Mazars network spans over 100 countries with around 400+ offices worldwide. The regional structure involves regional leadership committees or CEOs that report into the global leadership. This structure allows the firm to be responsive to local market conditions while maintaining a unified global strategy. A client of Forvis Mazars can expect a consistent quality of service whether they are dealing with the team in New York, Paris, or Singapore, due to common training and standards. Coordination between the U.S. and international segments is facilitated by the global board and common processes – for example, if a U.S.-based multinational needs an audit in 10 countries, the Forvis Mazars members in each country will work together as one team. The unique aspect of this network is that it’s comprised of just two primary member entities, which makes decision-making more agile than in larger networks with dozens of separate member firms. The integrated partnership model (especially outside the U.S.) means many partners have a global outlook and resources can be mobilized across borders readily. Overall, Forvis Mazars’ global operations enable it to serve clients on nearly every continent, with regional hubs ensuring both local expertise and global consistency.
Notable Projects and Initiatives
Throughout its history and especially in recent years, Forvis Mazars (and its predecessor firms) has been involved in a number of signature consulting engagements and innovative initiatives that showcase its expertise:
- Global Digital Transformation for Belron: One high-profile consulting project was the digital transformation of Belron, the international vehicle glass repair and replacement company (known for brands like Carglass and Safelite). Mazars’ consulting team was engaged to help modernize Belron’s operations and IT infrastructure across multiple countries. Using the firm’s six-layer transformation framework, the project involved redefining Belron’s customer service processes, implementing new digital tools for scheduling and supply chain, and leveraging data analytics to improve decision-making. This large-scale engagement helped Belron streamline its services (like windshield repairs) globally and was highlighted in industry media as an example of Mazars driving a complex, multi-country transformation successfully.
- Innovation through Mazars Lab and Technology Investments: Mazars has demonstrated a commitment to innovation via the establishment of its Mazars Lab – an internal innovation incubator launched in 2017. Through Mazars Lab, the firm invests in emerging technologies and new service models. For instance, Mazars acquired Zettafox, a data analytics and artificial intelligence start-up, to bolster its capabilities in big data and predictive analytics. This allowed the firm to develop advanced analytic tools for clients (such as sophisticated financial forecasting models and AI-driven risk analysis). The Lab has also worked on creating tools for the audit practice (like using machine learning to detect anomalies in accounting entries) and developing digital platforms to enhance client service delivery. This focus on innovation ensures Forvis Mazars stays at the cutting edge of consulting techniques and can offer clients proprietary solutions in areas like data science, automation, and AI.
- Forensic and Advisory Role in High-Profile Investigations: The firm’s expertise in forensic accounting and risk consulting has been called upon for notable assignments. For example, Mazars has been engaged by regulators and international bodies for special investigations – such as examining financial irregularities at public organizations or companies in trouble. In one instance, Mazars was appointed to investigate a major European company’s fraud case, where their forensic team combed through accounts and transactions to uncover the extent of misconduct. In the U.S., FORVIS (formerly BKD/DHG) had a track record of auditing and advising government programs; this included work like auditing federal grant programs and assisting state governments with investigating misuse of funds. These projects, often reported in the financial press, underscore the trust placed in Forvis Mazars as an objective and skilled investigator. Additionally, Mazars gained visibility in the U.S. when its American arm served as the long-time accounting firm for a past U.S. President’s business empire – a relationship that put Mazars USA briefly in the spotlight during legal inquiries (illustrating the firm’s involvement in sensitive, high-stakes financial engagements).
- Cryptocurrency and Fintech Assurance Initiatives: Demonstrating adaptability to new industries, Forvis Mazars made headlines as one of the first audit firms to offer cryptocurrency assurance services. In 2022, Mazars undertook “Proof of Reserves” verifications for major cryptocurrency exchanges. In these engagements, the firm used innovative auditing techniques to verify that the exchanges held the assets they claimed on behalf of customers. This was an industry-first attempt to bring transparency to crypto platforms using an auditor’s report. Although the firm later paused such work due to regulatory uncertainties, the initiative showed a willingness to venture into cutting-edge finance and develop methodologies for auditing digital assets – well ahead of many competitors. The firm continues to work with fintech companies, advising them on controls, compliance, and systems as they scale up.
- Healthcare Performance Improvement for Hospitals: On the consulting side in healthcare, FORVIS (legacy DHG) was particularly known for its extensive work with hospitals and healthcare systems. A signature program involved helping a network of hospitals in the southeastern U.S. achieve financial turnaround and improved patient service delivery. Forvis Mazars consultants performed a deep analysis of the revenue cycle (from patient intake to billing and collections), identified inefficiencies causing revenue leakage, and implemented process changes and new health information systems. They also advised on cost reduction in supply chains for medical supplies. Over a multi-year engagement, this resulted in multi-million dollar savings and improved financial stability for the hospital network, while maintaining quality of care. These kinds of healthcare consulting successes are a hallmark of the firm’s expertise in an industry with thin margins and heavy regulation.
- Advisory in Sustainability and ESG Projects: As companies increasingly focus on sustainability, Forvis Mazars has taken on projects to help organizations innovate in this space. For example, the firm worked with a large energy company on a renewable energy transition strategy, providing consulting on how to reorganize the company’s portfolio from fossil fuels toward renewable assets. The project involved financial modelling of renewable investments, setting up reporting on carbon emissions, and risk assessment of climate-related factors. The firm also has initiated its own sustainability commitments and often showcases innovative internal projects (like reducing its carbon footprint or enhancing diversity and inclusion) as examples for clients. Furthermore, Forvis Mazars’ Sustainability/ESG advisory practice is involved in developing green finance frameworks and helping clients prepare Integrated Reports that combine financial and non-financial (ESG) performance — demonstrating thought leadership and practical consulting in the growing field of sustainable business.
These signature engagements and initiatives highlight the breadth of Forvis Mazars’ capabilities. Whether leading a complex cross-border transformation, embracing new technology and industries, or solving challenging financial puzzles, the firm has a track record of distinctive work. Many of these projects are featured in case studies, industry awards, or client testimonials, solidifying Forvis Mazars’ reputation as an innovative and reliable consulting partner.
Career Progression and Development Programs
Forvis Mazars offers a clear career progression path for its professionals, from entry-level positions up to partnership, along with robust development programs at each stage. The firm’s structure and titles may vary slightly by country, but generally follow a hierarchy common to large professional services firms:
- Entry-Level (Associate or Consultant): New graduates typically join as Associates in audit/tax or as Consultants in advisory practices. At this level, individuals focus on building technical skills and foundational industry knowledge. They work as part of project teams, performing research, analysis, and audit testing, and they interact directly with clients under supervision. Development for entry-level staff includes extensive training – for example, new hire training programs that cover audit methodology, consulting frameworks, and relevant tools. Many also pursue professional certifications early on (such as CPA, Chartered Accountant, or other relevant credentials) with firm support. Forvis Mazars often provides study resources and paid time off for exam preparation. There are mentorship arrangements where a senior colleague guides the new associate’s growth. The firm also hosts an annual “Summer Leadership Program” (a one- to two-day workshop for interns and prospective hires) to introduce students to the firm’s culture and develop leadership skills even before they join full-time.
- Senior Associate / Senior Consultant: After a few years, associates typically advance to a senior role. Senior Associates or Senior Consultants take on greater responsibility in engagements – they may supervise junior staff, coordinate segments of a project, and be the primary point of contact for certain client tasks. They deepen expertise in their service line and often in a chosen industry. At this stage, the firm’s professional development includes more advanced technical training and soft-skills workshops (e.g. in project management, client communication, and team leadership). Seniors are also encouraged to broaden their experience; for instance, an audit senior might go on a rotation in the advisory department, or a consulting senior might spend time in a different office (sometimes even abroad, given Mazars’ integrated international program). The firm fosters global mobility opportunities, allowing talented staff at the senior level to take secondments in other countries to gain international experience. Such programs enrich the consultant’s perspective and help integrate the global culture of Forvis Mazars.
- Manager / Consulting Manager: Reaching the Manager level (which generally occurs after 5–7 years of experience) marks a transition from executing work to managing work and people. Managers lead project teams and are responsible for delivering client engagements on time and within budget. In audit, a Manager will oversee multiple audit engagements, review the work of associates, and interact regularly with client senior management or audit committees. In consulting, a Manager might run a workstream in a large transformation project or manage mid-sized advisory projects end-to-end. Managers at Forvis Mazars begin to develop specialties and often handle multiple clients. They also play a role in mentoring juniors and contributing to business development (such as identifying opportunities at existing clients). To support this step up in leadership, the firm offers manager development programs – these can include intensive courses on people management, engagement economics, and advanced technical topics (like complex accounting standards or innovative consulting techniques). Some managers participate in the firm’s “Manager Academy” or similar multi-day training conferences with peers from various offices, where they refine leadership styles and share best practices. At this level, the firm evaluates not just technical competence but also abilities in client relationship management and team building, preparing managers for senior leadership roles.
- Senior Manager / Director: Beyond the manager level, high-performing managers may be promoted to Senior Manager or Director (titles vary; some offices use “Director” for the pre-partner role, especially in consulting). Senior Managers/Directors act as engagement leaders on larger or more complex projects. They often handle a portfolio of client accounts and have a significant role in practice development (such as leading a service line initiative or an industry group within the firm). They are involved in scoping new work, writing proposals, and ensuring quality of deliverables across engagements. This level is seen as the final preparation for partnership. Development focuses on strategic thinking and business development skills: Forvis Mazars provides coaching in areas like client pitching, networking, and thought leadership to help Senior Managers build a case for partnership. Some may attend executive leadership programs, sometimes delivered in collaboration with external business schools or through the firm’s own global training curriculum. As leaders, Senior Managers/Directors also champion internal initiatives (e.g. diversity and inclusion efforts, recruiting events, or technical committees to refine methodologies). The firm’s culture encourages these senior professionals to act as entrepreneurs within the partnership – by now they are establishing their reputation in the market and often function similarly to partners in leading teams and advising clients, just without the equity stake yet.
- Partner / Principal: The pinnacle of the career path is becoming a Partner (also called Principal in some advisory practices). Partners are the owners of the firm (Forvis Mazars being a partnership), responsible for the overall health of the business and its strategic direction. Achieving partnership typically comes after a decade or more of demonstrated excellence and leadership. Partners lead client relationships – they are the ultimate accountable person for service delivery and client satisfaction for the engagements they oversee. They also are charged with business development, bringing in new clients and expanding work with existing ones. Partners often specialize in a practice area or industry (for example, one partner might be known as an expert in financial services regulatory consulting, another might lead the manufacturing industry practice, etc.). In the combined Forvis Mazars, many partners also take on global roles or sit on committees that shape firm policy, ensuring integration across countries. New partners undergo orientation to understand the responsibilities of ownership, including financial management of the firm, risk management policies, and mentoring the next generation. Ongoing, partners are expected to continually engage in learning (staying atop of industry trends and technical standards) and to exemplify the firm’s values. The firm also has programs to enhance partners’ leadership skills – for instance, annual partner conferences, and sometimes external leadership coaching. The career progression doesn’t stop at just making partner; there are levels of partner responsibility too (for example, some may become Managing Partners of an office or region, or join the Global Board like the leaders mentioned earlier). These roles carry additional management duties on top of client work.
Throughout each stage of this career path, Forvis Mazars places a strong emphasis on development and training. The firm maintains internal learning platforms often referred to as “Forvis University” or “Mazars University” (names symbolically used for the training infrastructure) where staff can access courses on technical topics, languages, soft skills, and emerging areas like data analytics. There are also structured mentoring programs; many employees have both a coach (to guide day-to-day performance) and a mentor (often a partner who provides longer-term career advice). Feedback is regularly provided through performance evaluations, and high performers are identified for fast-track programs. For example, an up-and-coming senior manager might be selected for a global Next Generation Leadership program, interacting with peers worldwide and senior executives to groom them for partnership.
Additionally, the firm encourages a culture of continuous learning and innovation. Employees at all levels are often involved in firm-wide initiatives or advisory councils – such as contributing to the development of new digital tools, or participating in diversity networks – which help them build skills beyond their immediate job description. By investing in its people through formal training, on-the-job learning, international assignments, and mentorship, Forvis Mazars aims to develop well-rounded professionals who can advance within the organization. The result is a career trajectory that is both structured (with milestones and clear criteria for promotion) and flexible (with opportunities to shape one’s career through specialization, relocation, or focusing on particular service areas). This approach not only helps in retaining talent but also ensures that clients are served by consultants and advisors who are continually growing their expertise.
Compensation Structure by Role Level
Forvis Mazars strives to offer competitive compensation packages that attract and retain top talent, benchmarked against other leading accounting and consulting firms. While exact figures vary by country, region, and the individual’s performance, some indicative salary ranges (in the context of the United States, as of 2024) for key role levels are:
- Consultant / Associate: Entry-level professionals (new graduates in audit, tax, or consulting roles) typically earn a base salary in the range of approximately $60,000 to $80,000 USD per year. In addition, they may receive performance-based bonuses that can amount to a few thousand dollars annually, depending on the firm’s and individual’s performance. Some practices (like specialized consulting roles in high-demand areas or positions in high-cost cities) might start on the higher end or slightly above this range. Benefits such as health insurance, retirement plan contributions, and paid time off are also a significant part of the total compensation for associates. The firm may offer additional incentives like exam bonuses (for passing the CPA exam, for instance) or referral bonuses for recruiting new talent.
- Manager: At the manager level, compensation increases substantially to reflect the greater responsibilities. Managers in Forvis Mazars U.S. can expect to earn roughly in the $100,000 to $150,000 USD per year range in base salary. The exact figure depends on factors such as the service line (audit managers vs. consulting managers), geographic location, and years of experience as a manager. In-demand specialty areas (e.g., IT consulting or transaction advisory) might command higher pay within that band. Managers are also eligible for performance bonuses or profit-sharing that can add a significant portion – often 10-20% (or more) of base salary – in a good year. Thus, a high-performing manager in a major market could see total compensation in the mid to high $100k’s when bonus is included. Beyond salary and bonus, managers enjoy other perks that the firm offers at leadership levels, such as enhanced professional development budgets, mobile phone allowances, and in some cases, participation in deferred compensation or pension schemes.
- Partner / Principal: As owners of the firm, partners have compensation that is typically a share of the firm’s profits rather than a fixed salary. Their earnings can vary widely year to year based on firm profitability and how the partnership allocates profits. In a general sense, partners at a large national firm like Forvis Mazars (U.S.) often earn in the high six figures, and successful senior partners can earn into the seven figures annually. A newly promoted partner might start with total compensation in the lower end (perhaps around $300,000–$400,000 in a year) whereas experienced partners leading major client portfolios or large practice areas could earn $500,000 to $1 million or more. In major financial centers or for those who bring in exceptional business, the figures can be higher. It’s important to note that partner compensation usually includes a base draw (a regular payment against expected profits) plus profit distributions. Some portion might be tied to individual performance metrics (like business development success or client satisfaction) and another portion to the overall firm or office performance. Partners may also receive benefits such as profit-sharing retirement plans, and they often reinvest some earnings as capital in the partnership. Because Forvis Mazars is a private partnership, exact partner pay isn’t publicly disclosed, but the range above reflects publicly available estimates and industry norms.
In addition to direct compensation, the firm offers a comprehensive benefits and rewards package at all levels. This includes health and wellness benefits, contributions to retirement plans (for example, a 401(k) match in the U.S.), and usually other perks like life and disability insurance, parental leave, and flexible work arrangements. There are also performance recognition programs – top performers might receive additional bonuses or invitations to incentive trips and events. Forvis Mazars, like many professional firms, has been evolving its compensation strategy to include work-life balance incentives (such as bonuses tied to effective team management and mentoring, not just billable hours). Equity in the firm is reserved for partners, but at certain senior levels (like directors) there might be incentive plans that mimic equity rewards based on firm performance.
It’s worth noting that compensation can vary significantly by region. For example, salaries in Europe or Asia-Pacific offices will be calibrated to local market standards (often lower in absolute dollar terms than U.S. salaries, but accompanied by different benefit structures or work hour norms). However, the firm aims to maintain parity in terms of competitiveness – i.e., paying top quartile in each local market to attract talent. Publicly available data (such as Glassdoor reviews) suggests that Forvis Mazars pays comparably to other large national accounting firms, and perhaps slightly above-average in certain consulting niches due to the firm’s push to grow those services. Overall, the compensation philosophy balances fixed salary with variable pay tied to performance, incentivizing employees at all levels to contribute to the firm’s success and to advance their careers within Forvis Mazars.
Thought Leadership and Publications
As a leading professional services firm, Forvis Mazars actively engages in thought leadership to share insights with clients and the broader business community. The firm’s thought leadership initiatives and publications cover a range of formats – from research reports and articles to webinars and live events – and they often highlight expertise on emerging issues, industry trends, and best practices. Key examples include:
- Flagship Research Reports and Surveys: The firm produces annual or periodic studies that gauge market sentiment and provide analysis on critical topics. A hallmark global publication is the “C-Suite Barometer”, an international survey of executives that Mazars has conducted to understand the priorities, challenges, and outlook of business leaders worldwide. This report offers insights into areas like growth expectations, digital transformation progress, and risk concerns across different regions and industries. Similarly, Forvis Mazars releases specialized reports such as an SME Pulse (focused on small and mid-size enterprises) and region-specific economic outlooks. These publications position the firm as a thought leader by combining survey data, expert commentary from the firm’s partners, and actionable recommendations for readers.
- Industry Insight Publications: Many of Forvis Mazars’ industry groups publish regular insight pieces. For instance, the firm has a well-regarded newsletter “Beyond the GAAP”, which is a monthly technical bulletin originally by Mazars that analyzes the latest developments in IFRS (International Financial Reporting Standards) and other accounting regulations – a must-read for finance professionals interested in accounting updates. In financial services, the firm’s advisors put out periodic regulatory update newsletters (e.g., on insurance regulation or banking compliance changes) to help clients stay ahead of shifting rules. There are also annual industry studies, such as a Banking Benchmarking Report or a Healthcare Outlook, which compile data from the firm’s work and external research to provide trends and performance benchmarks in those sectors. These documents are often freely available on the firm’s website and are frequently cited in industry journals for their valuable content.
- Guides, Whitepapers, and Technical Commentary: Forvis Mazars publishes practical guides and in-depth whitepapers on various business challenges. Examples include guides like “Launching a Foreign-Owned Business Entity in the US” – a comprehensive resource for international companies entering the U.S. market, covering tax, legal, and accounting considerations (this guide might be accompanied by a webinar as well). Another example is a series of whitepapers on Digital Transformation best practices, where the firm’s technology consultants outline frameworks (such as the six-core-layer model mentioned earlier) and case studies of successful transformations. In the realm of tax, the firm might release annual tax rate guides or explanation of new legislation (like an analysis of a major tax reform’s impact on multinationals). These publications often originate from the expertise of the firm’s partners and directors, and they aim to inform clients and prospects about complex topics in an accessible way.
- Webinars and Virtual Events: Embracing modern knowledge-sharing platforms, Forvis Mazars regularly hosts webinars and virtual seminars, often free for clients and the public. Topics range widely – for instance, a webinar on “Cybersecurity for Nonprofits” might feature the firm’s IT risk experts explaining how nonprofit organizations can protect themselves, or a live webcast on “IFRS 17 (Insurance Contracts) Implementation Challenges” would target insurance industry CFOs. During the COVID-19 pandemic, the firm ran a series of webinars to help companies navigate relief programs and remote working challenges. These sessions typically include Q&A and are later made available as recordings or summaries on the firm’s website. Webinars serve both as a thought leadership vehicle and a way to engage with clients in a workshop-like setting. The firm’s professionals are encouraged to speak at these events, and sometimes external guest experts or industry association representatives are invited to provide a richer perspective.
- Conferences, Roundtables, and Sponsorships: In addition to its own events, Forvis Mazars plays an active role in industry conferences and roundtable discussions. The firm often sponsors or co-hosts events such as CFO forums, sector conferences (e.g., a renewable energy finance forum or a private equity summit), and academic events. A notable initiative is the Forvis Mazars Seminar Series at certain universities and business schools – for example, teaming up with a university to provide seminars featuring firm experts on topics like auditing innovation or economic outlook. These in-person or hybrid events enhance the firm’s visibility and allow for networking with industry leaders. Internally, the firm holds an annual partners meeting that often includes sessions on the future of the profession, and some content from that (non-confidential parts) is shared as thought leadership, like an article on the future of audit or managing talent in the AI era.
- Insight Hubs and Blogs: The firm’s website and its regional member sites host a wealth of shorter-form insights. Partners and senior consultants contribute to blogs on timely issues – for instance, writing an article on the implications of a new cybersecurity law, or offering tips for year-end tax planning. Mazars historically had an online magazine platform called “Mazars Insights” and region-specific ones (e.g., “Irish Insights” on the Ireland site, or “Oman Local Insights” as we saw) which collate these thought leadership pieces. Topics are often aligned with the firm’s service offerings and can include success stories (case studies), opinion pieces on market developments (like LIBOR transition in finance, or sustainability reporting trends), and summaries of panel discussions that the firm’s experts participated in.
- Regular Newsletters and Client Alerts: To keep clients informed, Forvis Mazars disseminates newsletters such as Tax Alerts, Regulatory Alerts, and accounting updates. For example, when a new tax law is passed in the U.S. or EU, the firm quickly produces an alert explaining the change and sends it to clients in the relevant industries. Similarly, during critical times (like the height of the pandemic or economic crises), the firm created special update centers on its website and sent frequent bulletins with guidance on government aid, cash flow management, and business continuity planning. The timely nature of these communications helps solidify the firm’s role as a trusted advisor beyond just project work.
- Interactive Tools and Platforms: An emerging aspect of thought leadership is providing interactive content. Forvis Mazars has developed online tools and calculators (for instance, a GDPR compliance self-assessment tool for companies to gauge their readiness, or a financial modeling training platform offering free tutorials). The Financial Modelling team at the firm offers an online portal with model templates, blogs, and even courses for the public to enhance their modeling skills – underscoring the firm’s willingness to share knowledge and train the market as a form of thought leadership. These resources often accompany published articles or events, offering a hands-on extension of the ideas discussed.
Consulting Firm Profiles:
- Accenture
- Accordion Consulting
- Advisory Board
- AlixPartners
- Alvarez and Marsal
- Altman Solon Consulting
- Analysis Group
- Ankura Consulting Group
- Archstone Consulting (Acquired by The Hackett Group, Inc)
- Arthur D. Little
- Arthur J. Gallagher & Co.
- Arcadis
- Aon Consulting Services
- Arup Group
- Atos Group and Atos Consulting
- Bain & Company
- Baker Tilly International
- Bates White Economic Consulting
- BDO Consulting
- BearingPoint
- Berkeley Research Group
- BNP Paribas CIB Consulting & Transformation
- Booz Allen Hamilton
- Boston Consulting Group
- Bridgespan Group
- Capco Consulting
- Capgemini
- Capgemini Invent
- Carpedia International Consulting
- CGI Inc.
- Charles River Associates (CRA)
- Chemonics International Inc.
- ClearView Healthcare Partners
- Coalition Greenwich
- Cognizant Technology Solutions
- Compass Lexecon
- Computer Sciences Corporation (CSC) and Evolution into DXC Technology
- Cornerstone Research
- Corporate Executive Board (CEB)
- Crowe Global and Crowe LLP
- Dalberg Global Development Advisors
- Deloitte
- DGC Partners LLC
- dss+ (Formerly DuPont Sustainable Solutions)
- Environmental Resources Management (ERM)
- Everest Group (acquired by Wavestone)
- EVERSANA and EVERSANA CONSULTING
- EXL Service
- EY Consulting
- EY-Parthenon
- FTI Consulting
- FTI Delta (formerly Delta Partners)
- Forvis Mazars
- Galt & Company (acquired by AlixPartners)
- Gartner Inc. and Gartner Consulting
- GEP Worldwide
- ghSMART Consulting
- Grant Thornton Consulting – U.S. and Global
- Guidehouse
- Hay Group (acquired by Korn Ferry)
- HCL Axon Consulting
- HCLTech Consulting
- HDR, Inc.
- Health Advances Consulting
- Hewitt Associates (acquired by Aon)
- Hitachi Consulting (acquired by Hitachi Vantara)
- HP Enterprise Services Consulting (acquired by Hewlett Packard Enterprise)
- Horváth & Partners Consulting
- Huron Consulting Group
- IDEO
- IBM Consulting
- Infosys Ltd and Infosys Consulting
- Information Services Group (ISG) Consulting
- IQVIA Consulting Business
- INSIGHT2PROFIT Consulting
- Ipsos Consulting
- Jacobs Solutions Consulting
- John Wood Group PLC
- Kantar
- Kearney
- Korn Ferry
- KPMG
- Kroll (formerly Duff and Phelps)
- Kurt Salmon (acquired by Accenture)
- Larx Advisors Consulting
- Launch Consulting Group
- Leidos
- L.E.K. Consulting
- LTIMindtree
- Maine Pointe Consulting (acquired by SGS Group)
- Marakon Consulting
- Marsh & McLennan
- Mars & Co
- Mastercard Advisors and Mastercard Data & Services Division
- McKinsey & Company
- Mercer Consulting
- Metyis
- Miller Heiman Group
- Mitchell Madison Group
- Monitor Deloitte
- Mott MacDonald
- Navigant Consulting (acquired by Guidehouse)
- NERA Economic Consulting
- Newton Consulting Partners
- North Highland Consulting
- NTT DATA Consulting and NTT DATA Inc
- OC&C Strategy Consultants
- Oliver Wyman
- PA Consulting
- Palm Tree LLC
- Parsons Corporation
- Partners in Performance (acquired by Accenture)
- Point B Inc.
- Pointe Advisory
- Porsche Consulting
- ProcureAbility
- Propeller Consulting LLC
- Protiviti
- PRTM Consulting (acquired by PwC)
- Putnam
- PwC Consulting and Strategy&
- Ramboll
- RAND Corporation
- Riveron Consulting
- RGP Global Consulting Firm
- Roland Berger
- RSM International
- Schlumberger Business Consulting (acquired by Accenture)
- Science Applications International Corporation (SAIC)
- ScottMadden Consulting
- Simon-Kucher & Partners
- Slalom Consulting
- SSA & Company
- Stantec
- Strategy& (PwC)
- St. Onge Company
- Syneos Health Consulting
- SynFiny Advisors
- Targus Management Consulting AG
- Tata Consultancy Services
- Teneo Consulting
- Tetra Tech Consulting
- The Brattle Group
- The Cambridge Group
- The Chartis Group
- The Hackett Group
- Tompkins Solutions
- TriVista Consulting
- Visa Consulting & Analytics (VCA)
- Wavestone Consulting
- West Monroe Partners
- Willis Towers Watson Consulting
- Wilson Perumal & Company
- Wipro Consulting
- Worley
- WSP Global
- Xynteo
- ZS