Comparing Deloitte vs KPMG?
What's the better firm? Also, whats the differences in:
- Leadership/Mentoring
- People
- Working enviornment
Which is Better for Advisory - KPMG or Deloitte?
Our users highlighted that Deloitte is generally considered to be more prestigious across the board.
User @lou", an investment banking analyst, shared that Deloitte is generally considered to be the most prestigious.
I think most would agree Deloitte is better than KPMG in all practices and in terms of prestige. Though, the prestige does come with douchebags.
While this sentiment was shared by other users - user @Hugo Stiglitz", an investment banking associate, shared a converse opinion.
This is Deloitte Advisory, which is still part of Deloitte 7 Touche; even within Advisory, it depends on which function. I've heard KPMG's Financial Advisory practice (valuation, Corproate Finance, Transaction Services) is actually pretty good and that Deloitte's isn't as strong, but that's just my 2 cents.
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I think most would agree Deloitte is better than KPMG in all practices and in terms of prestige. Though, the prestige does come with douchebags.
See....thats my point. I know there are some douchebags at Deloitte but the prestige factor is defintelty there. Is it worth it?
It depends on your end goal and what you are trying to accomplish. With all things being equal (especially team culture), I would just head to Deloitte.
I'm cringing reading a lot of these comments.
Culture and the other factors vary significantly from team to team let alone division.For example, Deloitte doesn't even offer some consulting services that KPMG and EY may offer. I highly encourage you to research the division and team you are targeting a bit more.
Don't go for brand name. Look at what jobs and projects the teams are winning. If you're targeting deals consulting for example, look up WSJ articles in the last 12 months where a firm advised on a deal. You don't want to go to a team that's not winning work. Plain and simple.
There are other factors at play, but your criteria such as "prestige" are complete bull shit.
What are the jobs that we are comparing? In general, Deloitte is better but that may depend on the job.
Advisory work........
Ah thanks for narrowing it down.....
Maybe next time you should be even more specific. You know, like "I'll be working in a group that is provided firm issued laptops and will spend the majority of work hours on excel and powerpoint"
End sarcasm - you do realize how large the "advisory" group is and how many different functions are included in that description, right?
Which group? Audit? Tax? Consulting? And if Consulting, are we talking Strategy Ops or Tech? All these have pretty big impacts. I would say generally Deloitte MAY be better across the board, but the real difference is int he Strategy Consulting group - everything else , Id almsot choose KPMG if you like the people more
Advisory work.....
So this is not Deloitte S&O Consulting right? This is Deloitte Advisory, which is still part of Deloitte 7 Touche; even within Advisory, it depends on which function. I've heard KPMG's Financial Advisory practice (valuation, Corproate Finance, Transaction Services) is actually pretty good and that Deloitte's isnt as strong, but thats just my 2 cents
@Hugo Stiglit
I agree on this, always have heard of KPMG corporate finance practice as the top tier of the big 4, or at least eye to eye with Deloitte.
In other practices, I think it is clearly below PwC and Deloitte, and it still lacks sort of strength regarding EY.
Heard the same thing. KPMG CF is one of the strongest big 4 deal teams in most regions, but there can be big differences between locations.
I think it's important to distinguish between Deloitte Consulting and Deloitte Advsiory (AERS, Financial) in this discussion.
In regards to financial consulting, according to Vault it goes Deloitte, EY, PwC, KPMG. I'm not sure of the credibility of Vault Rankings, however.
I have also heard that KPMG is stronger in that subject area.
KPMG vs Deloitte (Originally Posted: 05/17/2010)
I have offers in Dallas for KPMG Advisory where I will most likely have the opportunity to work for their Forensics department, or Deloitte Audit. I loved KPMG, but during my Deloitte office visit, I suddenly loved them as well. Now I'm stuck and need advice!
Big 4 in Dallas. Man you are going to get ripped apart.
On a side note, this has nothing to do with Wall Street.......Go to mainstreetoasis.com
Sorry, I have no advice for you, but...
This is gold!!!
So no advice here? I just didn't know where else to post. Thanks
Nobody here works in audit so no one can really give you meaningful advice. What is your end game?
hmm
accounting is actually related to investment banking. if you are going to take on elitist airs, it's best to do so with proper grammar and spelling. for example, it's copious, not "copias" (lol), and the numbered list in your second paragraph lacks parallel structure.
OP, both KPMG and Deloitte are Big 4 and thus likely pay the same and offer the same career progression/exit opps. Join the firm that has the best culture/fit for you.
Bit of an ass-pounding from that last post. But thats too be expected here if you post anything about accounting, dont worry about it.
Nevertheless, one is audit, one is forensic accounting. If you cant split the difference between the firms, then decide which position you like the most and which is more likely to get you where you want to. For me, auditing is boring as batshit and id steer clear, but it can lead to other opportunities. I dont really know anything about forensic accounting, but maybe that is a goo stepping stone to your future ambitions. Do some research and find out
In general, Advisory>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>Audit.
This probably depends where you are based however. If you're based in the US I don't believe Big 4 offers corporate finance services apart from Valuations and possibly restructuring advice due to the different legal situation in the US. Tax Advisory etc probably offer worse exit opps than Audit. Not really sure what Forensics is, is this related to Transaction Services? If so, definitely a better bet than Audit and I think you still get your accounting qualification.
KPMG and PwC actually compete relatively favourably (depending on the team) with mid-market investment banks in Australia and some parts of Europe, particularly the UK (KPMG's Debt Advisory team in the UK is particularly strong whilst M&A teams from both institutions are very prominent in mid-market M&A in Australia).
@Rooster, grow up. Your immaturity is disconcerting. I feel sorry for you. I highly doubt you'd have the balls to say that to someones face. Maybe when you're drinking your Mike's Hard Lemonade tonight you can tell one of your other not-pulling-any-ass friends how you totally flamed some kind on the internet message board today.
OP, I'd recommend you choose the job base on the role which you find more interesting. Whether it's audit or forensics, make sure you like the field. As your industry will dictate your career progression not the people you spend time with in the office.
Generally, advisory is better than audit in terms of exit opps but forensics accounting is a very niche field. I have a friend in that field at one of the Big 4 right now, and she's finding it difficult to transition out.
I agree with kjl - once you go into forensics, you might be stuck there for a long while...
Deloitte Consulting Vs KPMG Advisory (Originally Posted: 11/10/2011)
Hi All,
I'm in Graduate school (MS in Accounting) and have an offer from KPMG advisory (internal audit) vs Deloitte consulting (ERS Business Risk) in the Washington DC area. Now both offers are for Federal clients so what I hear I may be on clients such as: DOD, freddic/fannie, other Govt agencies. My question is which one is the better option? I plan to get my CPA and would like to stay in the accounting field. From first glance it may seem like the internal audit role is more relevant, but from what I heard the ERS BR consultant seems to work a lot in the client's accounting department so I don't think it will matter too much. Eventually I would want to jump to industry although the Federal practice hours are not bad at all (45hr avg/wk). What do you guys think? Appreciate any feedback. Thanks
I think they are both very similar.. Deloitte has more prestige than KPMG and indeed risk consulting does work with accounting and "audit" practice as my mentor told me this about when she recommended the classes i did to prepare. I am also looking into advisory but in valuation. If you're going back to school/getting your cpa.. i think Deloitte is the better choice as it may get you into a better school and exit opportunities.
Deloitte.
Deloitte vs KPMG ? (Originally Posted: 04/06/2013)
Which company is better in your opinion and why ?
Take the D
If it is for something like audit or tax, it is all about location. Depending on where you are located you may have better clients than the same firm in another area. In larger cities such as NY/Boston/Chicago/DC however, go with Deloitte 100%
it all depends what your looking at. if you look at audit (just as higheck mentioned) it all depends on location since most audit clients are regionalized...with that being said, i personally think KPMG has a stronger audit portfolio...meaning i i think they generate more revenue from audit and have more well known clients.
if you are looking at advisory/consulting, no question about Deloitte. Deloitte is one of the top consulting shops, especially with their recent acquisition of monitor group.
if your looking at corporate finance, kpmg is the way to go.
my 2 cents
hope this helps
no its not. Deloitte all the way.
Thanks a lot to everybody
Go with Deloitte. KPMG is consistently ranked in the last of the Big 4. The only thing KPMG has is a huge global presence.
Deloitte
Deloitte. No question. For accounting related positions, Deloitte/PwC >>> EY > KPMG. For consulting, Deloitte >>>>> PwC >>> KPMG/EY.
Edit: the above are generalizations but typically hold true. There are certain cities where one of the Big 4 is more prominent for a certain type of work, but for the most part the above is true.
KPMG vs Deloitte Financial Risk Management (Originally Posted: 10/06/2011)
Guys, Any insights into KPMG vs Deloitte for Financial Risk Management? Would love to know salaries for a Sr. Associate. Expecting an offer soon. Has KPMG revamped its compensation structure for its advisory practice to bring it more in line w/ Deloitte or PwC?
Thanks
did you end up getting the offer?
Hi, I am also intrested in knowing about KPMG vs Deloitte in terms of FRM (Quant Market/Credit) related work.
Best, Shivgan
any updates here guys? im interested in knowing how the big 4 packages stack up in the risk advisory area
I can confirm that KPMG's financial advisory practice is significantly better than Deloitte's. In fact, among the Big 4, Deloitte does the least technical, least prestigious work in FAS. Deloitte dominates in what's effectively transfer pricing work - legal entity valuations for tax purposes.
As someone at a Big 4 firm and know people in Advisory at 3 of the 4, including Deloitte, the question shouldn't be about about "Advisory" - that can differ from firm to firm and kind of take your pick but in reality if you're thinking exit ops it's the same essentially from any of the Big 4 (granted - your SPECIFIC experience will of course be the difference-maker in any interview).
However, I would venture to say that if you're asking Deloitte CONSULTING - THAT'S the one to be at. Deloitte "Advisory," just like all the other "Advisory" practices is the same thing. Another example is EY, they have Advisory and then they have Parthenon which some argue is on par (for a few specific sectors) with MBB or a tier below.
So, in conclusion, if you're picking between the two, I would personally pick Deloitte for the similar reasons given above (Prestige and overall brand name, it's also the larger of the two) but if you have a specific sector in mind and KPMG is better in that department (which you can learn from asking people in the field and at those firms), pick it. But if you're just picking between the two, Deloitte "Advisory" is the one, but Deloitte "Consulting" is on par with Parthenon at EY, and almost at, if not just a step below, MBB.
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