• Big 4

    Here’s Your Open Thread for KPMG Compensation Discussions (2017)

    By | October 3, 2017

    KPMG celebrated its new year on Sunday, which means compensation discussions are starting. We’ve received several tips in recent days, and a couple of them not expecting much:

    Firm is pushing out information that results have been disappointing, overall seeing raises and [variable comp] substantially lower than in prior years.

    And:

    I was already told that the firm didn’t meet plan and that “there just isn’t that much money to go around this year”.

    Since we started covering compensation, I’ve always thought that KPMG was in an advantageous position to its Big 4 rivals. By having its conversations last, there’s really no excuse to not beat one firm’s raises and bonuses. Keep it respectable, at least. Plus, you can tamper people’s expectations with the mentions of “disappointing results” or “slightly behind plan.” This way everyone mopes out of their local office all-hands meeting and goes, “Well, I’m not expecting shit, and now I feel bad.” Then you throw a pleasant surprise in their lap and they say, “Wow, I wasn’t expecting shit, and now I don’t feel bad!” When you’re the fourthiest of the Big 4, you have to go with what works, and I gotta believe that underpromising and overdelivering is a regular go-to tactic for the KPMG brass.

    Once again, here’s your checklist:

    • Position, promotion (if applicable)
    • City (preferred) or region
    • Line of Service
    • % Raise
    • % Bonus (if any)
    • Old & New Base

    Best of luck, Klynveldians.

    More threads from Compensation Season 2017:

    Wondering how your new salary stacks up? Compare it to the findings from our 2017 Compensation Report.

    Image: mattbuck/Wikimedia Commons

    • larrybirdman

      S1 -> S2
      Tysons (DC)
      Audit
      70,250 -> 76,000 (8.2%)
      4,000 VC (5.7%)

      • Big4Burnout

        Less than 10% raise? Yikes. Let’s see if we can get you something a little better. Bonus is not bad at all, better than most others I’ve seen. Still a lot of earning potential outside of audit with great career growth. Shoot me an email at [email protected] and let’s talk.

        • Luis Carruthers

          has your incessant spamming on GC worked at all for you? like has a potential client even acknowledged you? you’re ruthless man

        • $gross_prophet$

          I love how you scum bag recruiters take this opportunity to prey on big 4 alum who are burned to death. Don’t you have a LinkedIn? Are you that desperate for new clients? I feel sorry for you

          • DP

            94.68% chance this person works for Robert Half. I get about 5 emails per day from the dozens of RH cronies

        • larrybirdman

          No way!! Please tell me so much more about this, it sounds like this is definitely the route I would go when I decide to leave. I make all of my life decisions based on comments on message boards and now I’m making $10k a month from home!

    • audit123

      S1 -> S2
      Bay Area
      Audit
      78K (6.9%)
      4K VC (5.5%)

      • Big4Burnout

        That’s not much for bay area. Have you looked at moving outside of audit? Lots of opportunities for someone with 3 years/1 year senior experience. A lot more VC potential too! Email me – [email protected] and let’s have a chat!

        • Debit_Big4_Experience

          good god this recruiter is insatiable!

    • Future Former KPMGer

      S2 -> S3
      NYFS
      Audit
      5% raise
      2.3% VC

      • Big4Burnout

        Haha love the name. I was in your same shoes not too long ago. Shoot me an email at [email protected] and let’s make that ‘Future’ a reality. Lot’s of opportunity in the big apple.

    • Burner

      A2 -> S1
      Midwest
      Audit
      50,500 -> 57,500 (13.9%)
      1,500 VC

      • iamthelolrus

        wow

    • Guest

      S1 -> S2
      DC
      Audit
      $81k (6.6%)
      $6.5k VC (8.6%)

      • Smallest_of_the_four

        Are you sure you meant audit here? Zero chance an audit S2 is making 90 grand in DC at KPMG.

        • Guest

          Yeah I’m pretty sure I know what service line I’m in. I have no motivation to lie but think whatever you like.

          • AdvisoryManager

            I can verify that these are realistic numbers.

      • audit123

        Or did you mean S2 – S3? This may be trolling

      • Big4Burnout

        You’re doing pretty well as a S2, and it looks like KPMG bonuses were comfortable this year. Let’s see how much better you could be doing and really make @smallest_of_the_four:disqus mad…. [email protected]

    • Karl

      M1-M2
      Southwest Audit
      7.5% raise
      $5k VC
      $93.5 new base

    • Palmtop

      A2-S1
      NYC Audit
      $1,500 VC (~2.4%)
      61,900 -> 71,400 (15.4%)

    • Josh

      New Hire
      Rocky Mountain
      Tax
      52,000

    • $gross_prophet$

      I don’t see how those in NYC can be living off of $60K. I could barely live off $56K in a much cheaper state

    • Guest12345

      A2 -> SA1
      Bay Area Audit
      $74K (17.5%)
      $2K VC (3.2%)

    • AnotherFormer

      M2->Accounting Manager
      Mid Atlantic
      92,500->110,000 (18.9%)
      16,500 VC (15%)
      40hrs a week (-20 hours a week) 50% decrease

      • Hey – can you clarify the position you went to? Did you get promoted or bump up a cohort level?

    • Guest12894

      A1 -> A2
      Northeast
      Audit
      57,000-> 61,400 (7.7%)
      0 VC

    • Guest

      Anybody else heard that the HR system is down this morning and they cant view numbers?

      • Guest

        Not surprised at all. How convenient.

    • Guest

      A2 -> S1
      LA
      Tax
      65.4k -> 75.6k (15.6%)
      2.6k VC (4%)

    • ItAudit7

      A1 -> A2
      Northeast
      Advisory
      78K (8%)
      VC (2.5%)

      • AdvisoryManager

        This is high for an A2 in IT Audit (guessing based on your handle) for the Northeast, at least in the NYMNJ practice. Did you mean S2 or did you mean 68K? Does not compute.

        • ItAudit7

          I am in IT Advisory practice in NYC – but all of the rest is correct, 2nd year associate.

    • AdvisoryManager

      M1 -> M2
      Southwest
      Advisory (ITA)
      4.9% Raise
      7.7% VC
      $123K -> $129K

      • $gross_prophet$

        Must be nice

        • AdvisoryManager

          Could have been better, of course.

    • RC123

      A1 > A2
      New York
      Risk Advisory
      66k (2.3%)
      0 VC

      • CountingTheDays

        Actually a little reassuring to know that others got stiffed too and it wasn’t just me. Thanks, person.

        • Guest

          A2s historically do not receive VC (I didn’t). Your utilization means a lot too. I am making the same salary as you as an A3.

    • FthisI’mOut

      Experienced SA1 > SA2
      Tysons
      Risk
      0% Raise
      5.5% VC
      $121K > $121K

      • Guest

        lol yeah, you should be happy with that salary as an SA2. Do you have an advanced degree?

    • Guest5764

      A2->S1
      Southwest
      Tax
      70K (16.7%)
      3.3K (5.5%)

    • Joseph Dodge

      Associate 1 to 2
      New York City
      Audit
      Raise: 5.8%
      Bonus: 0%
      Old = 50,000, New = 52,900

      • DebitTheWindowCreditTheDoor

        Whoa are you serious? KPMG is literally robbing you blind. Is there a specific reason why?

      • $gross_prophet$

        50k as an A1 in NYC??? You’re either trolling, or KPMG low balled the shit out of your FT offer.

        • accountingforlove

          Yeah, this is a troll. Guessing either RH or another B4 shlomo with too much time on their hands.

      • Debit_Big4_Experience

        is this real?

    • Guest

      A2-> A3
      Northeast
      Risk
      Raise: ~6%
      Bonus: ~2% (1.5k)
      Old=63,000, New= 68,000
      Yawn

    • anotherbig4slave

      A2 -> S1
      Midwest
      Risk Advisory
      75K (19%)
      2700 VC (4.3%)

    • auditforlife

      S2 -> S3
      NYC
      Audit
      82K (8.3% Raise)
      6.8% VC

    • Bob The Accountant

      M1-M2
      NYC
      Advisory
      4.2% raise
      4k VC (3.6%)
      122k new base

    • Guest333

      A1 -> A2
      Southwest
      Risk Consulting
      52,500 -> 56,000 (6.7%)
      VC: 1,000 (1.9%)

    • whatever

      S2 -> S3
      Bay Area
      Risk Advisory
      New Base: 110K (4.5%)
      VC: 3.5%

      KPMG sure knows how to push the senior out.

    • NotDillyDilly

      A2-S1
      Mid Atlantic
      Advisory
      65,000—>76,000 (16.9%)
      5k VC

    • CountingTheDays

      A1 to A2
      New England
      Advisory – Risk Consulting
      Salary: ~5%
      VC: $0 (and thats how you lose top billing associates)

      • AdvisoryManager

        You have to game the formula. Max out the PTO days, training, etc. You can work in about a 15% delta actual to adjusted utilization if you do it right. You’ll learn.

        • CountingTheDays

          The whole game is a trap. Those with cakewalk clients had opportunities to take on leadership. Those on our marquee clients who deal with forest fires every week have bigger teams and can’t have those opportunities. Thought getting thrown in the fire would make me better; it did, but it absolutely burned me in compensation this year.

    • Ajay

      A2–>S1
      Advisory Risk Consulting
      72K–>86k (19.4%)
      3k VC (4%)

      VC was whatever , but happy with raise.

    • Dame2manoPaloma

      A2 to S1
      BTS
      Southwest
      58k –> 65k (12%)
      2% VC

    • Pete Marwick

      Exp SA2 -> SA3
      Mid-Atlantic
      Advisory
      4.0% Raise
      6.0% VC
      $125K -> $130K

      Looking at others’ numbers, some of you might think I’m lying, trolling, etc. All I can say is I came in as an experienced hire with a relatively high base already. I found this thread because I’m curious about being promoted to M1 so I was looking for what the typical pay bump is to see what I’m missing out on.

    • Ed Harris

      ..