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re: I know there are some accountants on the OT. Anybody got any experience with KPMG?
Posted on 4/5/21 at 3:55 pm to FlyingTiger69
Posted on 4/5/21 at 3:55 pm to FlyingTiger69
quote:People say this because everyone like to make fun of KPMG, but in reality they are all pretty similar.
KPMG is by far the shittiest of the 4, worse clients, resources, and talent.
The truth is that your office location and client make all the difference in the world. I have friends who work for KPMG and love it, and I have other friends who work for Deloitte and can't wait to quit.
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Posted on 4/5/21 at 3:55 pm to Odysseus32
quote:
I've heard more like 65-80 hours, but maybe those are just horror stories. 50-60 doesn't sound great, but it's a big difference than an extra 10-20 hours.
I never did the Big 4 because I went back after already having a BS so never could compete in my local market with the talent they were pulling. With that said, you should expect the 65-80 for a few months when things get hot. But, I don't personally know anyone that hit more than 70 hours more than a few weeks during a season.
Depending on their staffing 50-60 can be the norm in those weeks on either side of the standard busy season. And occasionally in the weeks/months during the often forgotten 2nd major deadlines (May/June in Audit & Sept/Oct for tax).
With that said, some of the Regionals and local firms will often have you working those types of hours, but mainly because they cannot get the staffing levels as the Big 4 and don't turn down work (Big 4 turn down work all the time). I once worked for a firm that 50 was the minimum year round, and you were expected to crank out hours and stay on-top of your e-mails while on vacation. This was my burnout before switching to Industry; of course, it was an argument when it came time to pay out my unused vacation time.
This post was edited on 4/5/21 at 3:57 pm
Posted on 4/5/21 at 3:56 pm to Odysseus32
Buddy and his wife worked for them for year's, he left because of the stress and she has succeeded and it has allowed her to live in multiple places on earth
Posted on 4/5/21 at 3:58 pm to Odysseus32
Peat's a good guy, but I'll be damned if I ever let Marwick borrow my edger again.
Posted on 4/5/21 at 3:58 pm to FlyingTiger69
quote:
Ex Big 4 right here. KPMG is by far the shittiest of the 4, worse clients, resources, and talent.
Hate to say it but this is true. I liked the people I met with KPMG the most but ultimately went to another firm because of the above.
Still a great firm when comparing to all other firms, but it is a clear 4th in the big 4 discussion
Posted on 4/5/21 at 3:58 pm to Weekend Warrior79
quote:
With that said, some of the Regionals and local firms will often have you working those types of hours, but mainly because they cannot get the staffing levels as the Big 4 and don't turn down work
Samll firms you may work a little less but a lot of the work is going to suck more, I think too. Even as you progress in the firm you're going to be stuck doing "bitch work" because it has to get done and they don't have the man power to delegate it down to more junior staff
Posted on 4/5/21 at 3:59 pm to Barstools
Also, OP, another thing to keep in mind is there are billable hour requirements. So they may say 60 billable req a week, but with "admin" hours that's like 80. Travel is billable but not factored into that required number (the work still has to be done by the deadline).
This post was edited on 4/5/21 at 4:01 pm
Posted on 4/5/21 at 4:00 pm to Odysseus32
As far as the hours go, they can be rough. But working for the Big 4 has lots of perks that come with it, and if you stick it out for at least a few years it can really help your career.
They paid for my CPA exam, gave me a nice bonus when I passed. 25 PTO days plus 12 firm holidays was great. Benefits weren't too bad. Met lots of good people which led to a solid exit from Big 4 into industry. I worked like a dog for a while and was stressed a good big, but I was in my early 20's with no kids or other commitments. All in all it was worth it.
That being sad the job isn't for everyone. It's pretty common for people to wash out after 1-2 years.
They paid for my CPA exam, gave me a nice bonus when I passed. 25 PTO days plus 12 firm holidays was great. Benefits weren't too bad. Met lots of good people which led to a solid exit from Big 4 into industry. I worked like a dog for a while and was stressed a good big, but I was in my early 20's with no kids or other commitments. All in all it was worth it.
That being sad the job isn't for everyone. It's pretty common for people to wash out after 1-2 years.
This post was edited on 4/5/21 at 4:17 pm
Posted on 4/5/21 at 4:00 pm to Odysseus32
quote:
I'm more concerned with work life balance than any of that.
I've heard that the shitty hours are standard across the 4 and there isnt much differentiation. Just looking for some personal accounts. Were you at KPMG?
Yeah in that case...it won’t be any better than the others. You can take a month off during the summer but you will get worked like a dog for 9 months a year
Posted on 4/5/21 at 4:02 pm to OceanMan
quote:
Hate to say it but this is true. I liked the people I met with KPMG the most but ultimately went to another firm because of the above.
Still a great firm when comparing to all other firms, but it is a clear 4th in the big 4 discussion
Based on what? Again, I find this varies greatly by local market. If you are arguing on a national marketing level I see what you're saying, but for 99.9% of people that doesn't matter.
Deloitte definitely has the biggest consulting practice, but they also spinn their different service lines off into their own entities which means they had a shite ton of layoffs last year when the other 3 didn't.
Posted on 4/5/21 at 4:03 pm to Odysseus32
quote:They aren't. If you are on an accelerated filer, you most likely have 2-3 weeks straight of between 65-85. Working 7 days a week.
I've heard more like 65-80 hours, but maybe those are just horror stories.
Posted on 4/5/21 at 4:04 pm to Bayou_Tiger_225
quote:
They aren't. If you are on an accelerated filer, you most likely have 2-3 weeks straight of between 65-85. Working 7 days a week.
Which is why you shouldn't be in audit. shite sucks
Posted on 4/5/21 at 4:05 pm to Mingo Was His NameO
Luckily I do taxes at my local Walmart's H&R block office.
Posted on 4/5/21 at 4:25 pm to Mingo Was His NameO
quote:
Based on what?
They have considerably lower headcounts, revenue and clients than the other three.
That translates into less resources and opportunities. Of course it varies by local market, but if you look at it from the national level, it has to trickle down to the local markets on average.
I’ve been out of the Big 4 for 7-8 years and believe my assessment is still correct. My network wouldn’t be nearly as big, based on my local market. That is not to say KPMG is a bad choice, it’s not. But all other things equal, they are a smaller company.
Posted on 4/5/21 at 4:28 pm to Mingo Was His NameO
quote:
Which is why you shouldn't be in audit. shite sucks
It’s also the best experience you can get when it comes to accounting.
And I say that as someone on the other side of the table now.
Posted on 4/5/21 at 4:34 pm to OceanMan
quote:
They have considerably lower headcounts, revenue and clients than the other three.
At a national level that's certainly true
quote:
That translates into less resources and opportunities. Of course it varies by local market
As far as local exit opportunities I think the bold part is what matters
quote:
it has to trickle down to the local markets on average.
Eh, I guess, but I know people at all of the Big 4 and I would say that all of the resources as far as your day to day job are similar. It's not like one has some world changing innovative program the other 3 three don't.
Im not standing for KPMG, I just think unless you are some elite level talent, in which case you should be in banking or PE in my opinion, your local assessment should be weighted higher than national top line revenue.
Posted on 4/5/21 at 4:41 pm to fareplay
My son graduates from Aggie 5 year PPA program next year. He just finished his internship with EY and accepted the job offer. He wants to follow the finance track.
Are you relatively happy with EY?
Are you relatively happy with EY?
Posted on 4/5/21 at 4:45 pm to roobedoo
This thread is full of nerds.
Posted on 4/5/21 at 4:51 pm to Odysseus32
quote:
I know there are some accountants on the OT. Anybody got any experience with KPMG?
Their consulting business is the laughing stock of the Big 4. Mostly because EY isn't funny at all anymore.
The audit and accounting folks I know there seem equally miserable as their counterparts at EY, Deloitte, and PWC. The hours are long, but there's a lot of opportunity to move up quickly. And despite what anyone says, it's better than EY on it's worse day.
This post was edited on 4/5/21 at 4:54 pm
Posted on 4/5/21 at 5:32 pm to Bayou_Tiger_225
quote:
25 PTO days plus 12 firm holidays was grea
How are you guys pulling 50-80 with this. I'm sorry but its not possible unless you 7 days a week.
I'd be curious to know honest schedules in front of a computer and not 4 hour BS meetings and 2 hour client lunches.
Because to truly work a 70 hour week you are working 10 hour days 7 days a week or 12 hour days 6 days a week. Almost no one truly works 7 am to 7pm.
I'm not saying you aren't doing it occasionally, but to throw that around like its 3 weeks every months is also BS.
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