KPMG vs A&M in FDD? Who has more market penetration and better culture?

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I have never seen A&M in this space, Big 4 crushes

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^A&M is right up there with the big 4 in terms of the quality of its FDD practice - their focus is on MM PE deals

Based on my experience (4 years in FDD primarily serving a top 5 PE and a large middle market PE), I have worked across the transaction from both about the same amount of times, maybe slightly more with A&M. KPMG was on the larger deals, but the majority of times I saw them it was with a large PE they advise. A&M is all over the middle market stuff and not sure if I ever saw them representing the same client. Couldn’t really speak to the cultures but I’m pretty sure A&M is just a bunch of folks recruited out of Big4 that wanted a little more in their paycheck.

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For FDD (TAG) this is absolutely the case. Practice lead came from big4 and does not want to train people so they just take from big4.

A&M’s FDD practice is much smaller than KPMG or any BIG 4 hence market share is likely smaller. However, they get their fair share if not more. Comp is definitely better than KPMG/BIG 4 and culture depends on what you like.

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