How much do KPMG partners make?
How much does a Managing Partner make at KPMG in
Big 4 partners get paid $450,000 a year, on average.
The Big Four are the top four accounting firms known for paying their staff high salaries (i.e., PricewaterhouseCoopers (PwC), KPMG, Ernst & Young (EY), and Deloitte). When it comes to being a partner at a Big Four, you can expect to be making some serious bank.
How much does a Partner at KPMG make? The typical KPMG Partner salary is $606,160 per year. Partner salaries at KPMG can range from $102,470 - $1,106,628 per year. This estimate is based upon 25 KPMG Partner salary report(s) provided by employees or estimated based upon statistical methods.
Big 4 partners make on average about $450,000 a year. This includes junior partners all the way up to the head honchos. If you work in a small office, you can expect to earn less than $400,000.
As a consequence, most people are making partnership around the age of 40 now.
Rather than a strict and absolute salary, partners get a share of the profits that the firm generates throughout the year. If the partner is a standard partner handling client accounts, the engagements that they work on drive most of their profits.
PwC is the most prestigious of the four and people working there know it. The firm's reputation and solid audit business means there's a sense of stability you might not find at Deloitte for example. Deloitte is smaller than PwC in the UK and keen to catch up.
Making partner at a Big 4 firm is appealing to many because of the perceived status, undoubted financial rewards, and an endorsem*nt of one's skills and experience in the accounting profession. Also as a partner, one becomes a business owner and can influence how the firm is run.
Busy season is typically 70-80 hours a week, quarterly reviews are 45-50 hours a week and the majority of the rest of the year is 40-45 hours a week.
Yes, it's hard to become a partner at a Big Four company.
First of all, the Big Four accounting firms attract bright and ambitious people, and the competition for these positions is fierce. Most people take ten to 15 years to become a partner at a Big Four, which includes working 50 to 70 hours a week as a standard.
Who makes the most money in Big 4?
Out of the Big Four, Deloitte brought in the highest gross revenue in the United States. Following Deloitte was PwC, bringing in 15.62 billion U.S. dollars, then Ernst & Young, which brought in 13 billion U.S. dollars. KPMG brought in the least, generating just under nine billion U.S. dollars in that year.
The average salary for a Partner is $135,907 per year in United States, which is 40% lower than the average PwC salary of $226,706 per year for this job.
McKinsey Partner & Director Salary
McKinsey Partners and Directors in the US may earn up to $1,300,000 per year in salary, with $1,000,000 base and $300,000 performance bonus.
The breakdown of pay by division shows that an equity partner at Deloitte will make at least $550,000 a year in audit and assurance, risk advisory, private (advisory aimed at private businesses), financial advisory and tax. Only consulting has a higher minimum pay rate, of almost $600,000.
