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KPMG Internship Review

  • Work/Life Balance

    8
  • Practical Skills Learnt

    8
  • Live Up To Expectations

    7
What was a typical day like during your 6 month internship at KPMG?

I worked at KPMG for 6 months on my gap year after having left school, so my responsibilities were slightly less than those given to the graduates. I would often be given the task of familiarising myself with the structure of the accounts of the audit we were working on so that I could assist the team if any queries arose regarding the presentation of a clients accounts. There was a bit of partner shadowing and minute taking from meetings with FD’s on client sites. As part of the role there was also some admin, which, although not the most enjoyable, was vital to helping the team keep to tight deadlines.

As an intern I assume there weren’t any bonuses but do you know if the graduates received any?

Accounting isn’t really a bonus culture but I remember the grads told me they received a bump up in salary after they passed rounds of professional exams.

What were the things that interested you about your internship?

Learning about the different ways and reasons for presenting financial accounts was really interesting, having done this before my degree I felt it gave me a bit of an edge on other students. Doing audit you are also able to have a better understanding of accounting as a discipline and the areas where there is more subjectivity.

What sort of hours were you working during the internship?

During the internship I worked 9.30 – 5.30 However, this did increase a little during the busy season.

Are there times of the year that are busy/quiet?

The busiest time of year was January and February as a large amount of our clients were having their year end audits.

What skills did you need to do your job?

Basic numeric skills are important, as well as the ability to complete tasks with enthusiasm and a keen willingness to learn on the job.

How many people were in your team?

It largely depended on the audit, the smallest team I worked in had 6 people and the largest had 25.

Were you involved in a work social activity? And did you go out much with work colleagues?

Yes, one of the great things about working at a “big 4” firm was that there were hundreds of other graduates, a large number of which have recently moved to London so the atmosphere is very social. You can also meet people from varying degree backgrounds and several had done masters, so it isn’t all finance chat after work!

What was it like commuting everyday?

It really depends on the department you are in. For example, if you are based in Financial services audit the majority of your work was London based, whereas if you are in a different sector you may have to travel up and down the country a bit more.

What is the culture like at KPMG?

Very people orientated, there are countless opportunities to go on internal courses that allow you to pick up useful skills such as excel modelling or learning about certain technical areas of the business, or if you just want to brush up on your presentation skills. KPMG is also a very supportive place to work, there are no stupid questions and people are always willing to sit and explain something to you, its actively encouraged!

How much formal training did you receive?

For my internship I had 1 week formal training but I know that in 2011 the September grads will be having a 2 week induction, followed by 2 weeks of college in their first month.

Where are most of the other graduates from?

Around 70% + were from within the UK when I was there but I am not entirely sure what the intake will be like this year. Most of the graduates were from Russel Group universities.

What was the interview process like?

For a graduate position there was an online application, standard testing, a competency interview with a member of the team you are applying for. At assessment centre there is an e-tray exercise, group presentation and then an individual presentation on a company you feel KPMG could help.

Is it easy to move into other departments?

After you have qualified I think it is pretty easy to move into any department as long as there is room. I have spoken to a number of graduates who work at KPMG and they recommended that if you are on a rotation scheme as a graduate its probably best to decide which part of the rotation you like and try and specialise earlier rather than later.

Can you name a client you have worked on and outline your role and the teams role?

I worked on the Citigroup audit during my internship in a supporting role. One of the tasks I had to undertake was to check tat the final presentation of the accounts was correct before the partner reviewed my work and signed off on it.

Where would you like to be in 5 years time?

ACA qualified and a manager at KPMG.

What are the office perks/facilities like?

Pretty good, there is a lunch allowance at the canteen and there are loads of special offers like retail discounts available to you that wouldn’t be otherwise!

Where did you study at undergrad?

Nottingham.

What did you get?

2.1

What skill do you wish you had or could take a course in that would make you better at your job?

I don’t think there really is anything, a large part of what you do requires you to pick things up very quickly and learn on the job.

How does what you do differ to the perception of your job?

It doesn’t a great deal, audit is fairly similar to the way it is depicted. However, I did see that the people who showed more interest and asked for more responsibility were given it and this often meant that when there was a more technical or interesting part of the audit to work on they were able to work on it.

How many days holiday do you get a year?

25 days.

Is it easy to book time off?

Yes, although most people tend not to take time off during the busy season (January - February). I think if you wanted to take time off during that part of the year you would have to give quite advanced notice.
 

 

 

 

 

 

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