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KPMG vs Deloitte
McReggae
#11 Posted : Wednesday, August 05, 2009 11:13:00 AM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
Jos......kwani how long do yu have before you make a decision on which company to join!!!

The chief value of money lies in the fact that one lives in a world in which it is overestimated.
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
Sasha
#12 Posted : Thursday, August 06, 2009 8:35:00 AM
Rank: Veteran

Joined: 9/5/2007
Posts: 627
@JosMon

I've had the privilege of working for the 3 of big 4 i.e. PwC,Deloitte and KPMG and this is what I will advise you:

If you want to grow into a reknowned professional i.e. reknown for your professionalism, quality of work and delivery of work then Deloitte is your place. The work ethic at Deloitte is unmatched, the quality of their work is also unmatched and the experience you will gain there will be insurmountable! Plus they have an open door policy. You can walk into any partner's office and ask him any question you like. Salary-wise Deloitte may not be the best but the experience you will gain will be 'worth it'!

PwC will teach you how to work under pressure. The amount of work they do there is unbelievable. I think they are still the highest gross earners among the big because of the mere number of their clients. Plus they also take any job that is swung their way. That is why you will hear their name in many scandals here and there e.g. Triton, Mugoya, Hillcrest Schools etc. I'm not insinuating anything here, just that they were service providers for those companies. PwC will give you the best salary.

KPMG! Hmmmmm ...... ! This is where my career shot up very quickly. Their reward scheme is very stringent and if you can deliver, you get to move up the ranks very quickly. There's not much interaction between to top level managers and the juniors. Salary is better than Deloitte but less than PwC!

I think audit is overcrowded in all 3. Granted ... you will get wide experience in audit and most likely you will be poached in 3 years but audit is routine work (unless that is what you want ofcourse)! Corporate Finance is one of the most marketable carriers you can choose today. Most banks and FI's are looking for people with this experience to work in their Business Support Divisions! Forensic Services are also growing rapidly and you may be well placed to grow with it and become a leader in the industry.

My very many 2 cents!


Immorality: The morality of those who are having a better time!
Sasha
#13 Posted : Thursday, August 06, 2009 8:42:00 AM
Rank: Veteran

Joined: 9/5/2007
Posts: 627
@Ondiek! I have worked in corporate recovery for 5 years and I wouldn't swap it for anything! Corporate Recovery equips you with very many skills at the same time from audit, to forensics, to financial & management reviews, and also operations management! I believe Corporate Recovery is the most 'complete' service as it ensures you touch on everything in the corporate consulting industry!

Immorality: The morality of those who are having a better time!
Ondiek
#14 Posted : Thursday, August 06, 2009 10:27:00 AM
Rank: Member

Joined: 6/21/2009
Posts: 292
@ Sasha - I was at KPMG some years back in Corporate Recovery and Forensic. I agree this is the field to be in but the person you have to deal with???

Hence my comment - 'You work for the partner and not the firm' if you worked there you woukld know what I mean?
Sasha
#15 Posted : Thursday, August 06, 2009 10:55:00 AM
Rank: Veteran

Joined: 9/5/2007
Posts: 627
@Ondiek: If I know who you are talking about, then agreed! But I've always had this policy of not working 'for' my boss but working 'with' my boss!

Immorality: The morality of those who are having a better time!
harrydre
#16 Posted : Thursday, August 06, 2009 9:47:00 PM
Rank: Elder

Joined: 7/10/2008
Posts: 9,131
Location: Kanjo
Kwani EY closed shop in Kenya ama what? nobody seems to talk about them???!!

Don`t let failure go to your heart and don`t let success go to your head
i.am.back!!!!
harrydre
#17 Posted : Thursday, August 06, 2009 9:51:00 PM
Rank: Elder

Joined: 7/10/2008
Posts: 9,131
Location: Kanjo
I did work for one of the big 4 based in city centre,and my pal who was a neighbour where I lived worked for the other big 4 located on the hill. I must say for a good number of days during busy season,I could meet with him early in the morning as I left for work while he was retiring to go to bed...

Don`t let failure go to your heart and don`t let success go to your head
i.am.back!!!!
mozenrat
#18 Posted : Thursday, August 13, 2009 10:53:00 AM
Rank: Veteran

Joined: 5/18/2008
Posts: 796
@Ondiek @Sasha

Are you talking about Corporate Recovery or Corporate Finance?? I thought those were two different fields...

Yaani in academic terms,one requires a CFE and the other a CFA....

The field being referred to seems to have changed at some point in the discussion..

Sasha
#19 Posted : Thursday, August 13, 2009 11:39:00 AM
Rank: Veteran

Joined: 9/5/2007
Posts: 627
@mozenrat: What I said is corporate recovery is one of the best areas of financial advisory as it equips you with a lot of technical skills, skills you cannot obtain in audit or consulting. Corporate Finance is however the most lucrative and progressive areas of financial advisory because all financial institutions are looking for qualified people to work in their business support departments.

I don't believe you need to be a CFA to work in Corporate Finance or Corporate Recovery! I even doubt there are many corporate recovery experts who are CFA's! CFE ni mnyama gani?Immorality: The morality of those who are having a better time!
mozenrat
#20 Posted : Friday, August 14, 2009 8:25:00 AM
Rank: Veteran

Joined: 5/18/2008
Posts: 796
@Sasha...

I didn't mean that you require CFA for Corporate Finance. The academic example was simply to point out the difference....

I happen to know many excellent financial auditors who are not yet CPAs or ACCAs,many excellent IT auditors who are not CISA,CISMs or CISSPs,many excellent internal auditors who are not CIA's...

In at least 2 of the Big 4,Corporate Recovery is lumped with Forensics and its practitioners are 'encouraged' to obtain the CFE (Certified Fraud Examiner).... and yes the Corporate Financial Analysts are also 'encouraged' to obtain the CFA...

My interest lies only in discovering who this dreaded partner is.... the recovery guy ama the finance guy... it is NOT in discussing the merits or demerits of obtaining certifications.
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