KPMG vs PwC NY Audit
I know this is a finance website, but many people here are certainly equipped to opine on this subject. I have audit offers from both firms in NY and frankly, it seems like a crapshoot of a decision to make. I like the people that I have met at both.
A couple of things:
- I am more interested in commercial clients than financial services
- PwC promotes one year later than KPMG which kind of irks me. Is that a trivial difference?
- I don't plan to use audit to launch a career in banking, PE, etc. More than likely I will pursue corporate accounting or finance down the line (Controller, VP Finance, etc.) in an industry that I find interesting. Then I will simply see how high I can climb the ladder.
I'd appreciate any insights.
Thanks!
I don't think the brand names are significantly different. You might want to choose based on the industry the role covers, salary, and also possible places you could move around in the future (internally/through promotions).
Its hard to say about the length of promotions. Maybe PwC pays more that year overall, than the level of KPMG for the same person with the same years of experience. You'd have to check glassdoor or something for some rough estimates by position title. I've seen some firms pay crap for a few years then throw money at people. I'd figure out those details and make a decision.
I second this. All Big4 have basically the same reputation. And KPMG actually has the best performing TAS group of them all. But I have heard KPMG does more FS audits than the others. If I were you, I'd go to whichever one has the clients that interest you more. But just know that client assignments are somewhat random.
As someone who worked in Big4 Audit there are two different perspectives:
When I was in Audit, PwC was considered to have the "best" Audit group, and only took kids with 3.7+, etc. while KPMG was considered number 4 amongst Audit folks. (Hence the big 3 and a half jokes on going concern) Something to note though is that PwC splits its auditors into public and private practice which can limit your experience. (They might not anymore, but thats what friends told me back when I was working in Audit).
Externally, it's all Big4. No one cares if you were at KPMG, or Deloitte. People want to know what clients you had (industries and if they were public or private) and your rating. That said, go where you feel you click more with the people and are will likely have an easier time getting clients and industries you want (to the extent that it's in your control).
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