11. KPMG

Contact Info

345 Park Avenue

New York, New York 10154

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Undergrad Internships

No. of undergrad internships in:

2005: 1,683

2006: 1,871

2007: 2,233

2006 interns from the following classes:

1% Freshman

1% Sophomores

1% Juniors

50% Seniors

47% Graduates

2006 interns from the following majors:

81% Business

4% Computer Science

5% Economics

1% Engineering

1% Liberal Arts

1% Math

0% Science

0% Undeclared

7% Other

100% of internships paid

0% of internships unpaid

Is there an offical summer internship program? Yes

Average length of summer program: NA weeks

Minimum: 8 weeks

Maximum: 10 weeks

Average hourly wage: $22.00

Are interns paid on lump sum basis? No

Average total intern compensation: $8,550*

95% of eligible 2006 interns received full-time job offers

87% of interns with offers accepted

NOTE: $8,550 avg. compensation is for a 9-week internship.

National intern training program held each winter and summer to help prepare students for successful internship; interns also sent abroad for 4-week International Intern Exchange Program.

Applicants & New Hires

400 undergrad campuses where employer recruited 2006-07

400 undergrad campuses where employer made job offers

Applicants for entry-level jobs

2005: 7,970*

2006: 8,106*

2007: 9,083

Entry-level hires

2005: 2,952*

2006: 2,962*

2007: 2,683

Entry-level hires who were undergrad interns

2005: 60%

2006: 71%

2007: 64%

Most important characteristics for new hires:

3-Communication Skills

1-College Major

2-College GPA

2006 new hires majored in:

81% Business

4% Computer Science

5% Economics

1% Engineering

1% Liberal Arts

1% Math

0% Science

0% Undeclared

7% Other

...and are:

5% African American

5% Hispanic American

23% Asian American

0% Other

33% Total minorities

49% Female

NOTE: Included interns in overall number of entry-level applicants and new hires for last year's profile; in this year's submission entry-level hires only counted for '05, '06, and '07 numbers.

Salary & Benefits

Entry-level hires since Jan. 1

Average base salary: $50,000 to $54,999

1% earn less than $35,000

1% earn $35,000 to $39,999

8% earn $40,000 to $44,999

33% earn $45,000 to $49,999

23% earn $50,000 to $54,999

16% earn $55,000 to $59,999

9% earn $60,000 to $64,999

2% earn $65,000 to $69,999

7% earn $70,000 and above

Bonuses, Overtime & Perks

69% received signing bonuses

Average signing bonus: $2,848*

53% received performance bonus first year on job

Average performance bonus, 2006: $3,500

2% of 2006 entry-level hires eligible for OT

98% of 2006 entry-level hires not eligible for OT

Reimburse employees for ed expenses?: Yes

Do employees become eligible immediately?: Yes

Maximum annual education reimbursement: $8,511*

Full grad school sponsorship for jr. level employees? Yes

Partial grad school sponsorship for jr. level employees? Yes

Time Off

Is there a Paid Time Off (PTO) Bank? Yes*

If no, total paid vacation days:

During first year: NA

After 1 year: NA

After 3 years: NA

After 5 years: NA

After 10 years: NA

Total paid holidays: NA

Time off for religious observances: NA

If yes, max PTO days:

During first year: 25

After 1 year: 25

After 3 years: 25

After 5 years: 25

After 10 years: 25

Total days off for religious observances: NA

Is flex time available? Yes

Sick, personal days, first year: NA

Health Benefits

Do entry-level hires have access to health plan? Yes

Employees pay part of the cost? Yes

Does health plan provide dental coverage? Yes

Extra charge for dental coverage? Yes

Does health plan provide vision coverage? Yes

Extra charge for vision coverage? Yes

Are same sex partners permitted as dependents? Yes

Pension and Profit-sharing

Do entry-level hires have access to 401(k)? Yes

60 months to full vesting in 401(k)

Max. company match as a percentage of salary: 3.75%

Min. employee set-aside as a percentage of salary to receive max. co. match: 5%

If 401(k) match not calculated as percentage of salary, explain:

Are entry-level hires eligible for co-funded pension? Yes*

Months to full vesting in co-funded pension: 60

Are entry-level hires eligible for profit-sharing program? No

Months to full vesting in profit-sharing program: NA

Maternity/Paternity Leave

Maximum Maternity Leave

30 days during first year

40 days after 1 year

40 days after 3 years

40 days after 5 years

Maximum Paternity Leave

0 days during first year

10 days after 1 year

10 days after 3 years

10 days after 5 years

Other Benefits

Does company match employee charitable gifts? Yes

Max. annual company match for employee charitable gifts: $5,000

Does company pay relocation expenses? Yes*

Max. annual relocation expenses? $NA

Employee Discounts

Car rentals

Gym memberships

Cell phone/service

Insurance

Cultural events

Publications

NOTE: In addition to their annual pension, new hires below manager receive a one-time $5,000 pension credit that vests after 5 years.

No maximum annual educational reimbursement amount; $8,511 is the average amount reimbursed per employee in 2006.

Additional time off to reward employees includes 5-day July 4 weekend and a Summer Weekend Jumpstart program, when office closes at 3 p.m. on Fridays.

KPMG has several different relocation policies and cost depends on policy offered. Although maximums are built into policies (i.e. up to 90 days of temporary living, two house hunting trips covering up to 14 days, etc.) there is no dollar cap.

Work Environment

44 hours worked weekly by entry-level hires on average

Does average vary by business unit, department? Yes

Entry-level hire work locations...

0% in open work stations

100% in cubicles

0% in shared offices

0% in private offices

0% have no company-supplied work space

Does organization monitor e-mail?: No

Does organization monitor Web usage? No

Typical dress code

Business Casual*

Casual Fridays

Formal/Business

Does organization sponsor employee volunteer opportunities? Yes

Does organization offer employee daycare? All locations

Does organization have fitness facilities on site? Some locations*

NOTE: KPMG offices adhere to business casual dress code. However, employees are required to follow their clients' dress codes, and as a result, some have to adhere to formal guidelines.

GlobalFit Fitness Solutions Program offers discounted health club memberships and helps partners, employees, and immediate family members locate affordable club affiliations.

Training Programs

Does your organization have a formal orientation program? Yes

If yes, how many days is it? 2

Orientation includes:

Computer Training

Guest Speakers

Diversity Exercises

Team Building Activities

Tour of Facilities

Also includes a transitional coach program; overview information about the firm and its culture, people, and policies, and several self-study courses on topics such as ethics & compliance, security, and respect & dignity training.

$7,000 average spent on training, per new hire, in 2006

Is there a formal leadership program for entry-level hires of a year or less? No

NA

Do candidates apply directly? NA

If not, how is eligibility determined? NA

When are new hires first eligible? NA

Is program rotational? NA

If yes, number of locations or business units: NA

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: NA

Minimum: NA weeks

Maximum: NA weeks

After program, employees offered permanent positions: NA

After program, do employees offered permanent position receive raise? NA

If yes, amount of typical raise: NA

Is there a formal leadership program for entry-level hires of a year or more? Yes

Audit, Tax, and Advisory core curriculum*

Do candidates apply directly? No

If not, how is eligibility determined?

Job title/responsibilities

When are new hires first eligible? Immediately

Is program rotational? No

If yes, number of locations or business units NA

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: NA

Minimum: NA weeks

Maximum: NA weeks

After program, employees offered permanent positions: 75% to 99%

After program, do employees offered permanent position receive raise? No

If yes, amount of typical raise: NA

Does company have formal mentorship program? Yes

100% of entry-level hires participate

10 days of additional training expected

NOTE: KPMG expects all Audit, Tax, and Advisory new hires to attend a core curriculum of courses designed to prepare them for supervisory responsibilities in about two years. By the time they are senior associates (in their third year with the firm), each has received as much as 300 hours of training. About 100 KPMG new hires will attend their Audit Fundamentals training in Madrid this year alongside participants from the U.K. and Germany; more global training opportunities planned for new hires in all functions in coming years.

Getting Ahead

Three-year retention rate: 59%

Five-year retention rate: 27%

How are raises determined?

Performance

Seniority

When are entry-level hires eligible for first raise? One-year anniversary

How are promotions determined?

Performance and Seniority

When are entry-level hires eligible for first promotion? One-year anniversary

Evaluations

Frequency of evaluations

Twice a year*

Important qualities

1-Analytical Skills

2-Learning Ability

3-Team Player

Min. tenure in years required for job change: 1

Describe any rules that apply:

Long-Term Prospects

Does position of VP exist at this organization? No

If not, is there a comparable title? Partner

No. of employees who hold VP or similar title: 1,715

No. of employees with VP or similar title with 20 years plus seniority: 644

Age of youngest employee with VP or similar title: 31

Seniority of youngest employee with VP or similar title in years: 7

NOTE: In addition to the 6-month interim and year-end performance reviews for all employees, client services professionals have mandatory assessments at the end of each engagement

KPMG recently introduced Employee Career Architecture, an interactive Web site with resources and training to help employees map out potential career paths and identify steps they can take to build more satisfying careers. Web-based and instructor-led training also launched to better prepare employees and their performance managers for more productive conversations about building their careers