KPMG Consulting
Wondering if anyone has any idea of the health of KPMG Consulting? From an outside perspective it would look like they are aren't being as aggressive on inorganic growth compared to the other Big 4 (Deloitte acquiring Monitor, PwC acquiring Booz, and E&Y with Pantheon(smaller scale but still)) but I've also heard some rumours that they are making huge investments in consulting right now. Are they falling behind or is there something missing here?
I find it interesting that for MBA recruiting they are both the last consulting firm to come on campus during networking (They come next week, Deloitte has been here for almost a month already) season, and the last firm to interview during consulting internship interviews (more than a week after all the other consulting firms finish)...I took that to mean they aren't being too aggressive recruiting talent, at least at MBA level.
I can confirm that KPMG is not being aggressive recruiting talent. Only five offers made at top 10 school, and as previous poster noted, they were the last to interview, which also has a negative effect on yield + availability of top candidates.
Different strategy, heavy investment in organic growth. Yet to see how successful it will be though. As of now, I think the capability/workflow is not there.
More reading:
http://fortune.com/2014/10/22/kpmg-strategy/ http://www.kpmg-institutes.com/strategy.html
I went to a KPMG strategy event today and got some more information.
KPMG strategy is small, ~200 people in the US. Carved out of advisory and spent a lot of money to get partners from other firms to come on board. It only officially launched in October. They are aiming to get to 1000 employees in the next 3-5 years. They decided to grow organically instead of through mergers because they felt existing mergers led to poorly integrated companies (e.g. Booz partners want to be separate from the greater PwC company, even after the merger). Seems like an interesting opportunity to be part of a rapidly growing group that is supported by a large company, but they really haven't seem to gotten the foot in the door to a lot of c-suites yet. Also a big question mark if they'll be successful or not.
That is the official party line, yes. I'm pretty sure they tried to buy but couldn't, so they were forced to go organic. Don't think it was by choice.
They're very small. But Big 4 firms are focusing on growing their consulting teams as the fees they can earn here are huge, so expect investment. Further, its a great opportunity to be a part of that. Also, if anyone can grow it is them, since being a big 4, they are in with most of the fortune 500 firms, and with that access its going to help massively.
Having said that, they don't have the brand name, and haven't got the really well respected heads and big projects yet, so you may miss out on that, especially if you don't plan on sticking around for too long.
Just accepted with KPMG, so on the outside, they definitely are behind, but in the inside they are making huge strides everywhere.
In recruiting as well. They are dumping tons of money into HR and recruiting because I swear they have taken me out to dinners 3 times, 2 of them AFTER my offer and send me like gift certificates to Starbucks and jackets with "good luck on finals" emails. They definitely are not catching the top talent from top schools which I easily can see from the schools in the office I accepted, i think it is due to their late recruiting mixed with their prestige point now, but they best Deloitte and E&Y at my campus this year, and have begun to hold many campus wide events with their name like a consulting panel or etiquette dinner. So i do see changes happening, it will just take time.
Would you have accepted an offer from the other Big 3 for same/more money?
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