KPMG US

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KPMG US Reviews in Chicago, IL

3,007 Reviews

3.5
3,007 Reviews
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KPMG US Chairman & CEO John B. Veihmeyer
John B. Veihmeyer
683 Ratings

Review Highlights

Pros
  • Good job security, decent work life balance except during Tax Season, good benefits (in 182 reviews)

  • Great place to start work if you want to see a lot of different things (in 90 reviews)


Cons
  • Work/life balance is only achieved within the course of a year for those in audit (in 418 reviews)

  • Work long hours especially during busy season and political work environment (in 470 reviews)

More Highlights

7 Employee Reviews Back to all reviews

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  1.  

    Rotating door type of company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Consultant  in  Chicago, IL
    Former Employee - Senior Consultant in Chicago, IL

    Pros

    Salaries are competitive with other consultant companies

    Cons

    They don't care about their employees, only the money they make. Everyone is dispensable I know, but at this company it's blatant obvious.

    Advice to ManagementAdvice

    When employees leave after a year, and you have such high turnover, think about why? And think those people who leave will be at other companies you are trying to create business with.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 5 people found this helpful  

    Are you sure, a PROFESSIONAL organization?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Associate IT Advisory  in  Chicago, IL
    Former Employee - Senior Associate IT Advisory in Chicago, IL

    Pros

    Get condescending looks. They are NON-inclusive.
    Managers and co-workers are sarcastic, oh...boy even sadistic and they supposedly know-all. They are GODS you see [they stayed in the city they grew up in] and assumption is second nature to them.

    Cons

    No work-life, its a hoax. Not at all supportive to working mothers [its a shame], your 20s something staff makes mothers at work feel like they dont belong there every second [what a shame again], they gossip to no end, even your tween management who is typically single with an attitude problem with no signs of maturity and this is a NON-flexible work arrangement throughout.

    Advice to ManagementAdvice

    Getting promoted is not an indicator of maturity and good judgement skills. Some of your managers are incompetent and your established seniors play politics and make new seniors from outside the organization look stupid. They are highly insecured and have narrow hippocampuses and hipothalmuses. Refer them to a good neurologist.

    Doesn't Recommend
    Negative Outlook
  3. 9 people found this helpful  

    No Work/Life Balance and No Appreciation = Time to Quit

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Associate  in  Chicago, IL
    Current Employee - Senior Associate in Chicago, IL

    Pros

    -5 weeks of PTO and at times, flexible schedules
    -Learn a lot of technical skills in a short amount of time

    Cons

    -Work/Life balance does not exist. I worked in the Real Estate Tax group and management expected you to be available to work at all times, such as midnight in early November. When you are not in busy season, they will loan you or your support out to another group so even when you are supposed to have a 9-5 type of schedule, you do not. I believe a lot of this has to do with the partners getting pressure to keep everyone's utilization up
    -Zero appreciation for the work you do
    -No communication regarding staffing or changes within the group
    -Almost everyone below manager absolutely hates their job
    -No action is taken on feedback; they do not care about workplace satisfaction because they will burn you out until you quit because there are 25 people willing to replace you at any moment
    -The lack of variable compensation for the people putting in the most hours is terrible, if there even is any
    -If you are valued within the group, they sometimes block you from transferring to another group or doing a rotation
    -Mixed messages regarding how to use the offshore team and the associates
    -Poor planning leads to the same people being overworked or underutilized. Essentially, the better performer you are, the more work you get
    -Related to the point above, the few good people in the group become frustrated and burnt out, and leave
    -The partners only care about the bottom line, so you hear a lot about firm/group performance. However, when the firm/group does well, you do not share in any of the benefits. Why should I kill myself for a modest salary without overtime to make money for other people?
    -The ratings system is meant to be a 5-point scale, with 1 being the top performers and 5 being the equivalent of a pink slip. However, in this group, only 3s and 4s are given. These low ratings impact compensation and ability to do rotation
    -There are no real role models in the group for non-management. All of management has been there for 10+ years and have a very distorted view. Additionally, there are no minorities and very few women in senior management
    -For such a large and profitable firm, the benefits are very mediocre, especially medical and the 401(k) match
    -The firm rescinds any 401(k) matching contributions to employees that leave before spending 5 years with the firm. I realize they don't want to pay it for short-term employees, but given the mindset of burning out your resources, this makes the 401(k) match non-existent for most

    Advice to ManagementAdvice

    -Listen to the Seniors and Staff. Their advice falls on deaf ears just because they are not management, but they are the ones in the trenches actually doing the work
    -If you are going to preach work/life balance to every recruit, you should actually practice it
    -Teach management better people skills. I'm not sure how, but it seems like the vast majority of management couldn't have a conversation with their spouse, let alone co-workers

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. 4 people found this helpful  

    Where Seniors are disrespected

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL

    Pros

    Benefits. Still a Big Four unfortunately for many of us

    Cons

    Dont bring ethic issues up or they'll fire you, they have no values. Managers ridicule employees.
    Management highly immatured and unpolished. It took approx 8 years for mgmt to get there but they expect that you get it in 3 months, even if you strech yourself, they will lie on your performance eval and your career will be out the door. Make sure you act dumb, that way they will keep you for years. Mgmt is insecured and in most cases uneducated. Say NO to them.

    Advice to ManagementAdvice

    What a destructive management, please dont destroy people's career, you have no right to. Shame on your performance evaluation system. Thanks to that as many intelligent and smart people are out the door in this tough economy and not finding a job. Arent your immature middle managers enough to make life hell for employees?

    Doesn't Recommend
    Disapproves of CEO
  6. 4 people found this helpful  

    Horrible. Interviewing for other positions.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Audit Senior Associate  in  Chicago, IL
    Current Employee - Audit Senior Associate in Chicago, IL

    Pros

    -Good name on my resume
    -They pay for your meals as you work at the client 16 hours per day

    Cons

    -Pay is horrible compared to both hours work and industry.
    -Everyone keeps finding a new job leaving jobs further understaffed
    -Most small firms have technology lightyears ahead of KPMG
    -Ethics of Partner's and Sr. Managers are questionable at best.
    -Work Life balance doesn't exist. We would understand if you actually paid us decent money, but during bust season I make $12 an hour for someone with a masters and 3 years experiance.
    -Chicago office makes worst of the Big4 reputation true.
    -The smartest leave as seniors, leaving the least compentent to manage the firm.
    -Seniors make little more than associates, but basically run the whole audit.
    -Client locations are often an hour commute, maing 16 work days even longer.

    Advice to ManagementAdvice

    -Pay raises. Everyone is looking for new jobs (that's not an exageration eveyone of my friends here are speaking with recuiters).
    -Hire more people. We know that audit fees are declining, but either loose a bid, or take the cut out of your draws, we can't work any longer or more efficiently (esp when you impose an inferior tool like E-audit on us).
    -Worry about keeping Seniors and managers at the firm before brining in new people. We need more seniors and have been expected to do far more than anyone is capable, but for the same insultingly low wage.

    Doesn't Recommend
    Disapproves of CEO
  7. 4 people found this helpful  

    What work life balance?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Audit Associate  in  Chicago, IL
    Current Employee - Audit Associate in Chicago, IL

    Pros

    -If you want to learn a lot in a short amount of time, this is the place to do it
    -Nice working with people that are all in your age group
    -Given a lot of responsibility at young age and can interact with many clients

    Cons

    -There is no work life balance- period
    -Management will spare no cost to get the job done
    -Employees strained past their means

    Advice to ManagementAdvice

    Do not use a billable hour project management. It kills employees and kills efficiency. Employees shouldn't be expected to have no life.

    Doesn't Recommend
    No opinion of CEO
  8. 3 people found this helpful  

    Bad Work/Life Balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Tax Intern  in  Chicago, IL
    Current Employee - Tax Intern in Chicago, IL

    Pros

    Interesting, challenging work
    Latest technology
    Firm attempts to give you training, although gives you too much irrelevant information some times

    Cons

    Atrocious work/life balance - many employees are miserable
    Some departments don't interact much socially (not talking about outside work, but the employees don't talk or interact at all within some departments)
    At the intern level, I was already starting to specialize in a particular industry and business organization - I wanted a more broad experience (I think audit gets more broad experiences, though)

    Advice to ManagementAdvice

    Work on the work/life balance. So many employees hate their hours and aren't able to pursue a social or family life outside of work.

    Doesn't Recommend
    No opinion of CEO

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