Comparing Deloitte vs KPMG?

FinServConsultant's picture
Rank: Baboon | 128

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.

lou - Investment Banking Analyst:

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.

Hugo Stiglitz - Investment Banking Associate:

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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Read more about KPMG on the WSO Company Database.

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Comments (50)

Dec 18, 2014

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.

    • 1
Dec 18, 2014

See....thats my point. I know there are some douchebags at Deloitte but the prestige factor is defintelty there. Is it worth it?

Dec 18, 2014
FinServConsultant:

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.

    • 1
Most Helpful
Sep 1, 2018

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.

    • 4
Dec 18, 2014

What are the jobs that we are comparing? In general, Deloitte is better but that may depend on the job.

Dec 18, 2014

Advisory work........

    • 1
Sep 6, 2018
FinServConsultant:

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?

    • 1
Dec 18, 2014

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

Dec 18, 2014

Advisory work.....

    • 3
Dec 18, 2014

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

Dec 19, 2014

@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.

Sep 2, 2018

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.

Dec 19, 2014

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.

Dec 27, 2014

I have also heard that KPMG is stronger in that subject area.

Jan 23, 2015

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

"I do not think there is any other quality so essential to success of any kind as the quality of perseverance. It overcom

Jan 23, 2015

Sorry, I have no advice for you, but...

coffeebateman:

On a side note, this has nothing to do with Wall Street.......Go to mainstreetoasis.com

This is gold!!!

Jan 23, 2015

So no advice here? I just didn't know where else to post. Thanks

Jan 23, 2015
AdviceSeeker:

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?

"I do not think there is any other quality so essential to success of any kind as the quality of perseverance. It overcom

Jan 23, 2015
rooster:

I'm surprised at how peaceful the responses to this post were given the ass-pounding that accounting gets on other sites like dealbreaker and LSO. So in that case...

What makes you think that your non-contributing ass is going to come on to 1) a site completely unrelated to your (inferior) industry of choice and 2) take up valuable real estate on the servers asking questions we don't A) have an answer to or B) give a shit about.

You don't know where else to post? Do a fucking google search. I just found a shitty wanna-be version of WSO for accounting in 2 seconds. That is where you and your dumbass question both belong.

The only reason that people like you even have jobs at KPMG and Deloitte is because there are people on Wall Street making so much fucking money that they can't count it all, which is where the bean counters come in. Continued posts of this sort will only piss the BSDs off, and they may start getting fifth-graders to count their bonuses and put you out of a job. You don't see us trolling your accounting sites so please show the same respect here.

Please redirect the copias amount of time afforded to you by your work-life balance away from WSO and onto something more appropriate like shopping at Mens Warehouse or playing Mancala.

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.

    • 1
Sep 6, 2018

Hate to ask three years later, but this got front-paged I'm dying to know - are you still this big of a dipshit?

Jan 23, 2015

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

Big 4 Accounting Guide to Getting Hired Contains interview questions, exactly how to answer, resume guide, how to make an impact and a guide to the firms and service lines.

Jan 23, 2015

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).

Jan 23, 2015

@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.

    • 1
Jan 23, 2015

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.

Jan 23, 2015

I agree with kjl - once you go into forensics, you might be stuck there for a long while...

Jan 23, 2015

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.

Jan 23, 2015
Jan 23, 2015
damn.analyst:

Deloitte.

Deloitte. I agree, 0 doubt

Jan 23, 2015

Take the D

Jan 23, 2015

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%

Jan 23, 2015

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

Jan 23, 2015
mashed potatoes:

if your looking at corporate finance, KPMG is the way to go.

no its not.
Deloitte all the way.

Jan 23, 2015

Thanks a lot to everybody

Jan 23, 2015

Go with Deloitte. KPMG is consistently ranked in the last of the Big 4. The only thing KPMG has is a huge global presence.

Jan 23, 2015
Jan 23, 2015

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.

Jan 23, 2015

did you end up getting the offer?

Jan 23, 2015

Hi, I am also intrested in knowing about KPMG vs Deloitte in terms of FRM (Quant Market/Credit) related work.

Best,
Shivgan

Jan 23, 2015

any updates here guys? im interested in knowing how the big 4 packages stack up in the risk advisory area

Apr 15, 2018

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.

Sep 1, 2018

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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