KPMG - Big-4 consulting done fairly well | Glassdoor
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"Big-4 consulting done fairly well"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Manager in New York, NY
Former Employee - Manager in New York, NY
Recommends
Neutral Outlook
Approves of CEO

I worked at KPMG full-time (More than 5 years)

Pros

Educational opportunities, chance to see many different operations, lots of on-the job learning. Good internal training/support.

Cons

Once you are at manager level, you are expected to do business development as well, and promotion opportunities depend on this. If I wanted to be a salesman I would have gone into sales. Also, it's the usual consulting arrangement - if you've done something once, you're considered the expert on that subject by your team; you have to talk to the client like you are, too.

Advice to Management

Make the business-development process more transparent, and provide more internal support for this.

Other Employee Reviews for KPMG

  1. Helpful (2)

    "AUDITORS RUN FOR YOUR LIVES"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Audit Associate in Santa Clara, CA
    Former Employee - Audit Associate in Santa Clara, CA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at KPMG full-time (More than a year)

    Pros

    This review is in reference to KPMG's audit practice in the SV/SF region only.

    + Great accounting experience
    + Great companies, clients
    + Wide range of industries, company size
    + Develop an industry focus
    + Resource management listens to preferences for staffing
    + Partners are personable and approachable
    + Office events, free drinks!, national trainings
    + Meet friends and colleagues
    + PTO/Summer is more laid back
    + Internal publications and resources to learn
    + Team environment
    + Assigned mentor
    + Respected in the industry
    + Recent strategic acquisitions to build various functions
    + Nice 401(k) matching, CPA assistance and bonus, fringe benefits
    + Reputable logo to have on your resume

    Cons

    - You will work with many different types of people. In other words, there are many passive-aggresive types, many unpleasant people, and many that you will become great friends with. It's a complete crapshoot.
    - Lots of GOSSIP and POLITICS. The politics are overwhelming. People will literally alienate and destroy reputations of others within the firm simply if they are offended, project is over budget because of someone, easily threatened, so on.
    - The engagement review rating system is literally used to get even when possible. At the same time, the rating system is very important on the HR-side, so it makes for a very real career hazard.
    - All accounting firms seem to be understaffed, but this office is ESPECIALLY understaffed. They are begging other KPMG employees to transfer to this office location.
    - Partially because of the reason above, for 6-9 months you will work 55-105 hours and 6-7 days per week. Whatever you do, don't calculate your hourly rate on that!
    - KPMG is known for underbidding in order to win new audit clients. You can definitely tell this as some engagements have a barebone budget and the seniors and staff are stressed further to get the work done within the constraints.
    - Seniors/Managers will alienate someone when they discover/hear that person is interested in a new job, transferring lines of service within the firm, so on.
    - Obsolete and ineffective business processes (reams of paper, piles of binders, flash drives, unilateral performance reviews).
    - During busy season, associates have to stay late because seniors stay late. There are "team of choice" initiatives to try to help change this, and it probably is changing, but as of now there seem to only be superficial improvements.
    - With some exceptions, Less prestigious/sexy clients to work with. I.e. Semiconductor companies instead of the Top-Tier tech/social media/software/internet companies you think of associated with Silicon Valley.

    Advice to Management

    My last general comment would be to college students, which is to probably avoid KPMG all together. Go to a different Big 4 firm. The technical competency of KPMG is excellent, and they do well interacting with clients, but there are a lot of issues internally. Consistent with comments above, the politics started to quickly suffocate my career development, so I pulled the ejection switch and went elsewhere.


  2. "Great experience, not a long term career"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Advisory Senior Associate in Grand Rapids, MI
    Current Employee - Advisory Senior Associate in Grand Rapids, MI
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at KPMG full-time (More than a year)

    Pros

    Lots of vacation. You'll learn a lot

    Cons

    High stress. Pay is not always fair, no room to negotiate for raises in the forced ranking system. Hard to move up past senior unless you want to stay a LONG while.


There are newer employer reviews for KPMG
There are newer employer reviews for KPMG

See Most Recent

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