KPMG Salary for Freshers

Klynveld Peat Marwick Goerdeler (KPMG) is one of the world’s leading tax, audit and consulting firms, with a global staff of over 219,000 employees. The KPMG salary will strongly influence your decision to join this massive firm. Consulting salaries are going upas a result of growing competition due to the increased proliferation of boutique firms and the expansion of in-house consulting services within large corporations. KPMG attracts over 30,000 job seekers annually due to its position as one of the Big 4 consulting firms. A KPMG consulting position is a great way to make good money, gain tremendous experience, and ensure excellent exit opportunities as the KPMG brand is a good addition to your resume.

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What is KPMG ?

KPMG International Limited (or simply KPMG) is a multinational professional services network, and one of the Big Four accounting organizations, along with Ernst & Young (EY), Deloitte, and PwC. The name “KPMG” stands for “Klynveld Peat Marwick Goerdeler”.The initialism was chosen when KMG (Klynveld Main Goerdeler) merged with Peat Marwick in 1987. Headquartered in Amstelveen, Netherlands, although incorporated in London, England, KPMG is a network of firms in 145 countries with over 265,000 employees.

It has three lines of services: financial audit, tax, and advisory. Its tax and advisory services are further divided into various service groups. Over the past decade, various parts of the firm’s global network of affiliates have been involved in regulatory actions as well as lawsuits.

KPMG Salary for Freshers

The KPMG starting salary will vary depending upon your office location and function inside the firm. For example, you stand to make more inside KPMG Advisory as opposed to KPMG Audit. KPMG does offer varying starting salaries across the United States and globally based on the cost of living in the region. So even though you will have little room to negotiate your KPMG salary, you should consider a city with a lower cost of living such as Houston or Dallas (hello line-dancing and Monday Margaritas!).

Your KPMG consultant salary will also be dependent upon the level in which you enter the firm; this is partly based upon your education level. You will earn more with an MBA or PhD vs only an undergraduate degree or a non-business master’s degree.

Careers at KPMG are split into 3 main categories:

• Advisory
• Audit
• Tax

Advisory Department Salaries

KPMG Advisory department focuses on helping businesses boost their performance, make better use of their IT investments, manage risk, shield financial assets, and improve market confidence.

Employees in the Advisory services department can expect a salary ranging between $84K and $282K per year, depending on their level.

The Advisory category is made up of 6 levels, based on experience. These levels are (from junior to most senior):

1. Advisory Analyst
2. Advisory Consultant
3. Advisory Senior Consultant
4. Advisory Manager
5. Advisory Senior Manager
6. Advisory Partner

Advisory Analyst Salary

The average salary for an Advisory Analyst is $84,091 and it comprises of:

• Base Pay: $79,361/yr
• Performance Bonus: $4,729/yr

Advisory Consultant Salary

KPMG Advisory consultants have the same salary structure as analysts, but can also benefit from commission on top of base pay and bonus. The average total salary is $112,879:

• Base Pay: $89,861/yr
• Performance Bonus: $5,869/yr
• Commission: $17,148/yr

Advisory Senior Consultant Salary

Advisory Senior Consultants are paid around $144,446/yr. Here is a breakdown of their average salary:

• Base Pay: $110,989/yr
• Performance Bonus: $8,498/yr
• Commission: $24,959/yr

Advisory Manager Salary

The Advisory Managers earn an average salary of $149,842/yr, broken down into base pay, bonus, and stock:

• Base Pay: $126,733/yr
• Performance Bonus: $10,860/yr
• Stock: $12,249/yr

Advisory Senior Manager Salary

The average salary for an Advisory Senior Manager is $168,017 per year, which follows the same compensation structure as Advisory Managers:

• Base Pay: $139,787/yr
• Performance Bonus: $11,630/yr
• Stock: $12,844/yr
• Tips: $3,755/yr

Advisory Partner Salary

Advisory Partners earn an average salary of $282,717/yr, which includes several benefits:

• Base Pay: $169,670/yr
• Performance Bonus: $25,026/yr
• Commission: $42,608/yr
• Stock: $30,429/yr
• Profit Sharing: $14,983/yr

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Audit Department Salaries

At KPMG, the Audit department helps clients conduct efficient financial audits and assess their current technology. Professionals working in this department can expect an annual salary range of $69K to $133K, according to their level.

The Audit categories, which is split into 3 levels:

1. Audit Associate
2. Audit Senior Associate
3. Audit Manager

Audit Associate Salary

Average Audit Associates can expect to make around $69,732/yr. Here is a breakdown of their average salary:

• Base Pay: $66,822/yr
• Performance Bonus: $2,910/yr

Audit Senior Associate Salary

The Audit Senior Associates can receive an average salary of $93,291/yr, which includes:

• Base Pay: $88,712/yr
• Performance Bonus: $4,578/yr

Audit Manager Salary

The median salary for KPMG Audit Managers is $133,858/yr:

• Base Pay: $126,272/yr
• Performance Bonus: $7,586/yr

Tax Department Salaries

KPMG Tax department offers tax consulting for individuals, organizations, trusts, and partnerships. The average annual salary seen in the Tax department is $69K to $111K.

The Tax categories, however which is split into 3 levels:

1. Tax Associate
2. Tax Senior Associate
3. Tax Manager

Tax Associate Salary

Tax Associates working at KPMG will earn around $69,100/yr. Here is the salary breakdown:

• Base Pay: $65,887/yr
• Performance Bonus: $3,213/yr

Tax Senior Associate Salary

KPMG Tax Senior associates will benefit from an average annual salary of $86,114/yr:

• Base Pay: $82,156/yr
• Performance Bonus: $3,958/yr

Tax Manager Salary

Tax Managers can expect an average salary of $111,896/yr. The annual salary comprises:

• Base Pay: $105,386/yr
• Performance Bonus: $6,510/yr

Other Roles Salaries in KPMG

With over 219,000 employees worldwide, KPMG has several other departments and roles available. Below are the 3 other popular categories that come after audit, tax, and advisory:

• Business Support Services
• Federal
• Innovation & Technology

KPMG Consultant Salary

In comparison to other industry salaries, consulting salaries are higher. With increasing competition for top talent between consulting firms, banking and technology companies, there has never been a better time to consider a consulting position. Consider positioning yourself to earn more by working in the United States, especially in a state with a lower cost of living such as Florida or Texas.

KPMG Consultant Salary by Role

• KPMG intern salary: $11,600 ($29/ hr; 10-week engagement, 40 hour work week)
• KPMG Analyst salary: $70,575 (on average)
• KPMG Consultant salary: $93,500 (on average)
• KPMG Senior Consultant salary: $155,000 (on average)
• KPMG Manager salary: $200,000 (on average)
• KPMG Senior Manager salary: $250,000 (on average)
• KPMG Director salary: $400,000 (on average)
• KPMG Managing Director salary: $550,000 (on average)
• KPMG Partner salary: $750,000 (on average)

KPMG Starting Consultant Salary For Those With An MBA or PhD:

Total Annual Compensation: up to $175,000

Consistent with broader industry trends, consultant salaries at the post-MBA level have gone up faster than post-undergraduate consultant salaries. However, both have increased steadily given increased competition for talent. From a financial perspective, it has never been a better time to pursue a consulting career.

KPMG Salary Benefits

KPMG offers an excellent benefits package which includes:

• Medical insurance, prescription drug coverage, dependent day care flexible spending accounts, and health care flexible spending accounts
• Dental plan for preventive, diagnostic, restorative, and orthodontic care
• Vision plan covering eye tests, contact lenses, and eyeglasses
• Accidental Death & Dismemberment Coverage, Long Term Disability, Short Term Disability, and Family Term Life Insurance
• Additional business, pet, automotive, or personal accident/personal cancer insurance
• Money-saving perks, including student loan refinancing, homeowners insurance, and mortgage assistance
• Health support tools, such as health coaches
• Family resources, such as backup child and elder care
• Paid time off, including medical leave, jury duty, and volunteering
• Flexible work arrangement
• 401(k) Capital Accumulation Plan
• Special discounts on selected vehicles, retail, recreation, well-being, and electronics
• Financial perks, such as signing bonus, stock options, and yearly bonuses

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KPMG Career Path

The career path at KPMG is very clear and is as follows:

1. Analyst
2. Consultant
3. Senior Consultant
4. Manager
5. Senior Manager
6. Partner/Associate Partner

Expect to work for two to three years as an analyst, consultant, and senior consultant, and then four to five years as a Manager/Senior Manager prior to reaching the Partner level.

As you consider your KPMG career, keep in mind that even though KPMG is a part of the Big 4, KPMG has not made an investment in a branded strategy group like Strategy& (PwC) or Parthenon (EY). Even so, you can gain good experience while working at a local office with lots of flexibility across that geography, or you can pursue an opportunity to work internationally.

FAQs

Q. What is KPMG full form?

Ans: KPMG stands for Klynveld Peat Marwick Goerdeler.

Q. What is KPMG?

Ans: It is a global professional services network. It provides audit, tax, and consulting services to businesses. In India, KPMG is one of the big accounting firms, along with PricewaterhouseCoopers (PwC), Deloitte and Ernst & Young (EY).

Q. What is the minimum salary in KPMG?

Ans: Minimum salary at KPMG depends on the role you are applying for. For Analyst the minimum salary is ₹4.6 Lakhs per year, for Audit Associate the minimum salary is ₹5.5 Lakhs per year and so on.

Q. What does KPMG pay freshers?

Ans: Average KPMG fresher salary in India is ₹ 4.0 Lakhs for less than 1 year of experience to 2 years. fresher salary at KPMG India ranges between ₹ 2.6 Lakhs to ₹ 5.0 Lakhs. According to our estimates it is 87% more than the average fresher Salary in Management Consulting Companies.

Q. Is it easy to get job in KPMG?

Ans: Run the gauntlet of interviews. The path to getting a job at KPMG is not an easy one. Graduates who’ve passed the assessment tests with flying colours will next be invited to a Virtual Launch Pad event which consists of four different activities, and this usually takes place over a three-hour period.

Q. How can a fresher join KPMG?

Ans: At KPMG in India, we are committed to build careers and help individuals create a strong foundation of their professional journey.

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