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Will KPMG consulting survive ?

 
#1 Will KPMG consulting survive ?
07/09/2005 09:47

MeeMee

I see in the media that KPMG is at risk of going under for the tax shelter scams it was running for clients. The article I read said that each partner would have to fork out at least $300k. What does this mean for the future of KPMG consulting, and the consulting arms of the other accounting firms. I was considering applying to KPMG in London, but I've been put off to date by their alleged low pay levels. Is it still a wise idea to apply anyway ? Could it damage my CV ?

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#2 Re: Will KPMG consulting survive ?
07/09/2005 10:24

Mungojerry

I don't think they're going anywhere. KPMG is a powerful brand name, and their 'punishment' for being a bunch of tax evading crooks is little more than a slap on wrist. Having said that, I would be wary about applying for KPMG right now. They lost 90% of their people when Atos came along and bought their consulting arms. The people that are left behind are trying to gear up to reenter the consulting market, but they have a long way to go to get up to full strength. Here is an article that might be interesting: http://www.washingtonpost.com/wp-dyn/content/article/2005/09/05/AR2005090501333.html

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#3 Re: Will KPMG consulting survive ?
07/09/2005 11:54

Ooooopsy

If each partner is to be hit with a fine of that size, staff can kiss off pay rises for the next few years. Might be best to hold off sending a CV in for a while. From what I hear, KPMG are very poor payers anyway

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#4 Re: Will KPMG consulting survive ?
08/09/2005 10:09

knowledge

I actually recruit for the 'consulting' arm of KPMG and they pay big 4 market rate, no more, no less. They would not be able to hire the requisite number/quality of people if they paid beneath market rate.

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#5 Re: Will KPMG consulting survive ?
08/09/2005 10:45

?

care to specify how much?

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#6 Re: Will KPMG consulting survive ?
08/09/2005 12:18

Anon

Is this why in reality they actually recruit so few consultants these days?

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#7 Re: Will KPMG consulting survive ?
08/09/2005 13:19

Dipsom

They're just not a big player, so don't appear on the radar for most job hunters. Vodafone is their only big client. I'd agree that they do pay below market rate though.

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#8 Re: Will KPMG consulting survive ?
09/09/2005 14:54

RakeshJ

I've no idea what KPMG's future holds, but I do know of one colleague who got an offer from them and turned it down as they were offering a pay cut to come to them.

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