What it Does: KMPG (Klynveld Peat Marwick Goerdeler) provides a variety of services such as financial, tax, legal, audit, and advisory services to their clients around the world. The tax and consultancy services it provides are further categorized into different groups.
Mission: KMPG is dedicated to being a problem solver and value giver. They commit to collaborating with their clients to simplify business complexities.
Size and Presence: KMPG, being one of the largest firms in the world, employs about 236,000 staff members across its offices and member organizations in 146 countries.
Best Known For: KMPG is renowned for being one of the four biggest accounting and audit organizations globally. The company is also known for its rich corporate history and friendly company culture. Also, their clients are some of the biggest firms in the world.
The Good Bits: The pay is good. Good management. Friendly and engaging work environment.
The Not So Good Bits: High work pressure. Work-life balance is not ideal.
KMPG was established in 1987 when Peat Marwick International (PMI) and Klynveld Main Goerdeler (KMG), alongside their member organizations, merged. The collective history of these companies dates back to three centuries from this year. "KMPG '' denotes the name of its co-founders.
"K" denotes Klynveld. In 1917, he founded Klynveld Kraayenhof & Co, an accounting organization based in Amsterdam. "P" denotes Peat. His full name is William Barclay Peat, and in 1870, he established William Barclay Peat & Co, an accounting firm based in London. "M '' denotes Marwick. In 1987, James Marwick partnered with Roger Mitchell to establish Marwick, Mitchell & Co. "G" denotes Goerdeler. For several years, Dr Reinhard Goerdeler was the head of Deutsche Treuhand-Gesellschaft, and he became the first chairman of KMPG.
Dr Reinhard Goerdeler is known for laying a significant part of the framework for KMG's merger deal. KMPG has expanded its network of member organizations across several continents and currently employs one of the largest workforces in the world.
Today, KMPG is regarded as one of the Big 4 accounting firms in the world.
Their company culture is deeply entrenched in their values. KMPG has a work environment built on trust, mutual respect, willingness to collaborate, honesty, diversity, and flexibility. These values and qualities help bring out the best in their employees and are a good training ground for fresh graduates and interns.
The company's culture positively impacts its relationship with its clients. Fresh graduates and interns can grow and thrive in this kind of organization.
KMPG encourages learning and supports its employees to grow. Naturally, it's a good ground for rapid career progression. It's home to numerous career paths, and there are no shortages of mentors to help you reach the heights you desire. Fresh graduates at KMPG are well on their way to having a long and illustrious career.
The expertise and experience you'll gain from working at KMPG can serve you well outside the organization. So, it doesn't matter if you have short-term or long-term career plans at KMPG; it's the ideal organization.
Their recruitment process for freshers and experienced professionals involves multiple stages. Applications begin online, and then job applicants will undergo online screening. After that, they will participate in a phone interview and a physical interview with 2-3 company executives.
After completing these interviews, there's a final interview with a KMPG partner. Once this stage is scaled, the job offer comes next. The entire process can take up to a month.
The average annual salary of a fresh graduate at KMPG is INR 3,50,000.
This year alone, KMPG staff members have given more than 65,000 hours of voluntary work to pro bono projects across India. Through the KFFL they've organized sports events such as marathons and carnivals to raise funds for underprivileged communities. They've also organized educational excursions.