2021 Vault Rankings
At a Glance
“Highly collaborative work environment.”
“International opportunities; variety of work.”
"Large corporations tend to be risk-averse.”
“Time spent on administrative/corporate tasks.”
“Strong M&A and strategy practices.”
“Prestigious in technology.”
About KPMG LLP (Advisory)
KPMG LLP is the U.S. firm of the KPMG global organization of independent professional services firms providing audit, tax and advisory services. The KPMG global organization operates in 147 countries and territories and has more than 219,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to community service, inclusion and diversity, and eradicating childhood illiteracy. Learn more at www.kpmg.com/us.
KPMG Advisory services are organized into two primary service groups that address distinct client issues: Consulting and Deal Advisory & Strategy. The organizational structure positions KPMG Advisory in the market to drive increased alignment of investments, resources, client delivery and processes so that the practice delivers an enhanced and exceptional client experience.
KPMG's roots date back to 1870, when accountant William Barclay Peat hung out his shingle in London. In 1911, his firm merged with New York-based Marwick Mitchell & Co., forming a business that later became known as Peat Marwick. Meanwhile, in Scotland, Glasgow accountancy Thomson McLintock partnered with Dutch and German accounting firms to create Klynveld Main Goerdeler (KMG), an alliance of independent practices operating throughout Europe.
The 1987 tie-up between KMG Main Hurdman and Peat Marwick Mitchell & Co. was considered the first megamerger of modern accounting, and the resulting entity, eventually named KPMG, organized its consulting activities into a separate business unit in 1997. Three years later, KPMG spun off KPMG Consulting with an initial public offering. The now-separate consulting business took over KPMG's consulting work for several companies, eventually changing its name to BearingPoint in October 2002. The bulk of BearingPoint's assets are now owned by Deloitte, which purchased them after the company filed for bankruptcy protection early in 2009.
As part of the spin-off that created BearingPoint, KPMG signed a non-compete agreement with its former consulting arm, which limited KPMG's ability to provide certain types of services. Following the spin-off, KPMG continued to provide advisory services, but any limitations on its ability to provide a full range of services ended when the non-compete agreement expired in 2006. Today, KPMG's advisory practice generates more than one-third of the company's overall revenue in the U.S.
In the News
KPMG Advisory, Best Consulting firms to work for
KPMG advisory services are organized into three groups that address distinct client issues: Management Consulting, including corporate services, customer & operations, and technology enablement; Deal Advisory and Strategy, including corporate finance, restructuring, transaction services; Risk Consulting, including financial risk management, IT advisory, forensic, internal audit, risk and compliance services.
Consulting’s 2020 Women Leaders in Technology: Joanne Heng of KPMG
Joanne focuses on leading M&A IT across the deal lifecycle from diligence to integration and separation services and understands alignment to business strategy. She is a member of the Integration & Separation team specializing in Technology-enabled projects including M&A IT diligence, integration and separation, and IT strategy & transformation.
Consulting’s 2019 Top 25 Consultants: Alex Miller
Miller received some pretty good advice in his career—Always bring your “A” game; the competition never takes a day off. “If we are going to be the best answer for our clients, we can never rest, never get comfortable or complacent, he says. “Our clients and we live in a world of constant disruption—if you are not disrupting, you are probably being disrupted.”
Consulting Magazine: Employer Response to Reopening Offices and Workplaces
KPMG’s Return to the Workplace Survey found that only 27% of employers plan on returning their employees to physical locations anytime soon, with most saying they are not planning to reopen until later in 2021. The survey included senior executives at 100 U.S. companies, representing approximately five million employees. Advisory Principal, Customer & Operations and Restarting America leader Atif Zaim said, “While it seems that employees are successfully working outside their traditional offices, employers have new questions about how to measure productivity in a virtual world. Organizations are working on new measures to avoid exposing employees to undue health risks through widespread return-to-office initiatives ahead of available vaccines.”
Bloomberg reports Changes are afoot in the $500 billion U.S. restaurant market and the pioneers of food delivery -- big pizza chains -- are now turning to third parties for help. “The competitors of the pizza chains were previously other pizza chains,” KPMG managing director Andrew Nolan tells Bloomberg. For the convenience of having food delivered straight to the door, “pizza was the only main option.” But that’s changed, with other restaurants delving into delivery at full speed and “broadening the options available to the customer,” Nolan said.
Forbes reports that according to statistician Cassie Kozyrkov, “Many decision-makers think they’re being data-driven when they look at a number, form an opinion, and execute their decision.” It's noted that numbers can be deceptive, and decisions based solely on numbers can seem incomplete at best. The challenge isn’t with the data itself - it’s in the way that you use it. According to KPMG's Daniel Tiemann, who serves as the U.S. Lead Partner on Deal Advisory and Strategy, “Data analytics allows buyers to gain new insights on assets before they acquire them, which will make them better buyers in the long run.”
345 Park Avenue
New York, NY 10154
Employer Type: Private
Chairman & CEO, KPMG LLP (U.S.): Paul Knopp
Chairman, KPMG International: Bill Thomas
Global Head of Advisory, KPMG International & US Advisory Vice Chair, KPMG LLP: Carl Carande
2020 Employees (All Locations): 31,000
New York, NY (US HQ)
101 offices throughout the United States
700+ offices throughout the world
- Corporate Services
- Customer & Operations
- Risk & Compliance
- Risk Assurance
- On-Demand Services
- Technology Enablement
- Transformation Delivery
- Connected Enterprise
- Supply Chain