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KMPG is one of the Big 4 audit and accountancy firms, providing audit, advisory, and tax and pensions services to its clients. Each letter of the name ‘KPMG’ represents an initial of one of its four founding members, who began the process of merging their individual accounting firms in 1870. The firm’s international headquarters is in Amestelveen, Netherlands. In the UK, KPMG has over 10,000 partners and staff in 22 offices.
Staff must supply sector-specific adviceThe organisations’s clients come from a huge range of different sectors, ranging from automotive to media, pharmaceuticals and transport. KPMG prides itself on the expertise of its employees, ensuring it utilises sector-specific knowledge when dealing with clients so they can provide directly relevant rather than generalist advice. Published on its website are the results of global business surveys and reports, attesting to the importance it places on in-depth knowledge and expertise.
Graduates interested in audit enter either the audit programme, dealing with private clients, or the public sector audit programme.
Tax is divided into company-focused services – such as corporate tax, indirect tax and legal services – and people-focused services, including private client advice and employer consulting & compliance. There is also a pensions service line.
Advisory services at KPMG, the major growth area for the organisation, are also divided up into three separate segments: performance & technology, transaction & restructuring and risk & compliance.
Graduates interested in audit enter either the audit programme, dealing with private clients, or the public sector audit programme.
Of note is the annual KPMG International Case Competition, which selects one team of students from each of 30 participating countries (6,000 students from over 300 universities enter) to compete in a business strategy competition. The host for 2012 will be Hong King. Asia Pacific is a focus for the firm’s market share expansion.
As with all professional services firms, the salaries at KPMG vary to a relatively large degree, depending upon job role and location. New employees in a graduate role can expect somewhere above £25,000 as a base salary, with additional perks in the form of performance related bonuses. Interest-free loans of up to £7,000 are also offered to graduates.
Salaries also tend to increase once various qualifications are gained. This is again typical of the financial industry.
KPMG’s benefits package is a result of research it conducted.
With the increased competitiveness of the graduate market, and the various damaged reputations in the finance world following the credit crunch, salaries have been supplemented with a wider branch of benefits and rewards.
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