If you had a choice between KPMG and Deloitte for an M&A internship which would you choose? I imagine pay is about the same at both firms but thinking long term which would be a better choice?

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Deloitte - I’m sure Deloitte and KPMG’s M&A groups are similar in terms of strength etc. That being said, KPMG is notorious for having bad comp. You might be able to negotiate it higher but otherwise they’ll low ball you

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Interned at Kpmg this summer and really loved it. To me it also seems like career progression is easier. My group was 100% attorneys (other than one partner) and they seem to promote attorneys faster, at least to senior. Someone else said Kpmg is bad for comp but I don’t see that. From what seniors on my team tell me they get paid, I haven’t seen anything better from other big4. My offer letter should be coming in today or tomorrow though so I guess we’ll see. Also have heard to stay away from SALT, at least at Kpmg

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Kpmg 5 a few people had transferred from SALT to m&a in my group. I think it was mostly the pay. Not 100% sure though, I’m sure some people love SALT

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Deloitte

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Thanks. The general consensus (at least from what I’ve heard) seems to be that PwC is best in M&A tax.

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I’ve been really satisfied with KPMG’s M&A tax practice. Is your internship in federal M&A tax or SALT M&A?

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Which firm did you get a better feeling from? I’d stick with my gut. I interviewed with all of the Big 4 during my LLM and KPMG just felt right to me, based on the people I interviewed with and spoke with. And since this is the Lawyers in Public Accounting bowl, my KPMG interviewers were nearly all attorneys. My Deloitte interviewers were nearly all CPAs. That’s not a bad thing, I just got the feeling that KPMG really had an interest in recruiting those with a legal background into M&A tax (and I have continued to see that during my time here).

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Iv worked at pwc, and interviewed for the other three M&a. They’ll all try to say what they need to to get you to join but everyone said stay away from Deloitte M&a for the M&a group I wanted. Each M&a practice is structured a little different so take that into considerations depending what experience you are looking for.

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🚩🚩🚩🚩

Pick based on the people and your gut. I’ve worked at PwC and my brother is at Deloitte, in the end the firm is just who your check comes from but the people are what counts.

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Exactly. Quality of your experience at a firm is highly dependent on your team. KPMG is very strong in places like seattle and Portland. Comparatively weak in some other markets. Same could be said for the other firms. You don’t want to go work for the office where the firm is weak, because it probably means the team is dysfunctional or has weak leadership.

old navy or banana republic ? Which one would you pick if you were given option. I think it’s no brainer

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As an industry person, agree 100% with SC1. Also ☠️ old navy haha

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Go speak to Chun fai lam at EY he was in M&A st kpmg less than 3 months after he transferred out of salt. It probably sucked.

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