Unveiling the Truth: How Much Does a Business Consultant at KPMG Really Make?
Business consulting is one of the most lucrative fields in the corporate world. The industry is driven by professionals who have diverse skill sets and offer expert advice to businesses. One of the leading consulting firms is KPMG, which has a reputation for driving business growth and transformation. However, one question that is often asked is, “How much does a business consultant at KPMG really make?”
KPMG is a global network of professional firms providing audit, tax, and advisory services. Business consulting is one of the core offerings of the firm. It provides services related to strategy, operations, customer and growth, people and change, technology, risk, and financial advisory.
The salary of a business consultant at KPMG can vary depending on the level of experience, the location, and the specific team or practice area within the firm. According to Glassdoor, the average base salary for a KPMG business consultant in the United States is around $94,000 per year. However, this number can range from $74,000 to $130,000 per year, depending on the factors mentioned earlier.
One aspect that can influence the salary of a business consultant at KPMG is the level of experience. For instance, an entry-level consultant can expect to make around $74,000 to $85,000 per year. However, as they gain more skills and experience, their salary can increase up to $120,000 per year for a senior consultant.
Apart from experience, the location of the consultant can also have an impact on their salary. For instance, a consultant working in San Francisco or New York can expect to make more than someone working in a smaller city. The cost of living in these metropolitan areas is higher, and the demand for skilled consultants is also greater, which drives up the salary.
The practice area or team a consultant joins can also influence their salary. For instance, consultants working in the strategy practice area at KPMG can expect to make more than those in the technology consulting practice. This is because strategy consulting is considered to be more complex and requires a higher level of expertise.
One thing to note is that the salary offered by KPMG is not just limited to base pay. The firm also offers a range of benefits, such as bonuses, retirement plans, health insurance, and vacation time. Additionally, the firm also offers various training and development programs to help employees grow their skills and advance their careers.
In conclusion, the salary of a business consultant at KPMG varies based on several factors, including experience, location, and practice area. The average base salary for a consultant at KPMG is around $94,000 per year, but this can range from $74,000 to $130,000 per year. Ultimately, it is up to the individual to weigh the pros and cons of working at KPMG and determine if the salary is in line with their expectations.
