Starting Salary At KPMG

Kpmg is a professional service firm, which recruits students from top notch universities around the world. These students are well paid and become successful in their career through constant learning.

KPMG is among the leading professional services companies in India and has a global network spanning 150 locations. As one of the Big Four, KPMG LLP is a member of one of the largest global accounting networks in the world, with 434 offices across 157 countries.

Your career at KPMG offers opportunity, challenge and rewards. We help our people achieve their potential and embrace career opportunities that will help them pursue their aspirations.

A graduate’s starting salary is generally linked to their level of education, the attributes that contribute to the graduate’s personal value, and the particular market in which they are seeking employment. The salary of a newly graduated graduate or junior associate typically starts at $65,000 per year.

Starting Salary At KPMG Overview

KPMG is one of the world’s leading professional services organizations. KPMG Nigeria Plc (KPMG) is a member firm of KPMG International Cooperative (“KPMG International”), a Swiss entity, and is affiliated with other KPMG member firms around the world.

The firm was founded in 1984 as the first international accounting firm to be established in Nigeria. KPMG has built up a strong presence in the country by providing quality advice to clients and providing opportunities for professional growth to its employees.

In this article, we discuss how much you can earn at KPMG as an entry level trainee if you are about to join their graduate program for 2019/2020 academic session.

KPMG LLP Overview

KPMG the audit, tax and advisory firm, is the U.S. member firm of KPMG International Cooperative (KPMG International). KPMG International’s member firms have 145,000 professionals, including more than 8,000 partners, in 152 countries. KPMG employees distribute donated books in Paterson, NJ KPMG delivers a globally consistent set of multidisciplinary services based on deep industry knowledge. They industry focus helps KPMG professionals develop a rich understanding of clients’ businesses and the insight, skills, and resources required to address industry-specific issues and opportunities. They history spans three centuries and features a number of significant mergers, most recently the combination of Peat Marwick International and Klynveld Main Goerdeler, and their individual member firms, into KPMG in 1987. KPMG global member firm combined revenues totaled $22.7 billion for the fiscal year ending September 30, 2011, a 10.1 percent increase in U.S. dollars, or 6.2 percent in local currency terms. Global revenue by function and region can be found in KPMG’s International Annual Review.

The staff at KPMG LLP come from unusually diverse demographic backgrounds. The company is 41.0% female and 49.5% ethnic minorities. Despite its diversity in other areas, KPMG LLP employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 69.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Democratic Party. KPMG LLP has great employee retention with staff members usually staying with the company for 3.8 years. 

The average employee at KPMG LLP makes $88,936 per year. Pay at KPMG LLP is significantly lower than some of its highest paying competitors, like McKinsey & Company IncA.T. Kearney, and Ernst & Young, which pay $136,977, $117,309, and $100,627, respectively.

KPMG LLP is an industry leader with 236,000 employees and an annual revenue of $32.1B that is headquartered in New York, NY.

The Organization’s Mission; At KPMG, our goal is not to be the biggest professional services firm. Our goal is to be the best professional services firm. And we define this in a very tangible way through our vision of being the Clear Choice. For KPMG, being the Clear Choice means that: Our people are extraordinary; Our clients see a difference in us; and The public trusts us. We believe that living our principles – and living the KPMG Story – will set us apart. We hope KPMG will be your Clear Choice.

How Much Does KPMG Pay for their Entry Level Staff?

KPMG is a global network of professional accounting firms providing Audit, Advisory and Tax services. They are available at over 90 countries including Nigeria. They frequently recruit fresh graduates  who studied accounting and related finance-based courses.

Just like another company, they also recruit graduates from other professions to help run the affairs of the company other than those listed on their manifestos.

Entry level qualification of KPMG is usually 2:1 or first class graduates in any field and 2:2 degree and OND for intern. KPMG Interview process is always a rigorous one. See the nature of the interview and past interview questions here.

According to our research KPMG pays about N2.5million per annum  to their entry level staff. This amount is quite higher for chattered staffs. From this amount, there are 25% tax deduction every month and 7.5% compulsory employee contributory pension from the monthly basic salary.

At the end of every month, the remaining amount would be around N156,000 ever month for entry level staff.

According to our source, KPMG also pays certain monthly allowances like the leave allowance (mostly in April), clothing allowances (mostly in August) and the 13th month salary  paid in December.

Other Advantages Working with KPMG

Apart from the basic salary, there are many other things their employees stand to benefit. These are;

  1. Regular top level training as you climb the career ladder
  2. Clearly defined career path with yearly promotions with a corresponding increase in salary
  3. Positive career value in other places of work. That is, after working with KPMG for three years, if you wish to pursue your career at a similar establishment, you will be placed higher than counterparts who started work the same year with you.
  4. If you work with KPMG for at least 3 years, you will easily get a job elsewhere with even higher pay due to their reputation.

Leave a Reply