Despite inflation running at seven per cent, new graduates will receive an average pay rise of 2.4 per cent as a “Employees with 2 to 3 years’ experience will fare the best, earning an average pay rise of 3.5 per cent.
Graduates in data and tech will earn $73,500, which is significantly more than the $68,000 on offer in the firm’s other divisions. Senior Consultants in the consulting division will receive the greatest pay rise, with base pay rising from $81,500 to $87,000 this financial year. The consulting division also supplies the highest earner, with directors to earn $201,000 before bonuses.
The firm’s “industry leading” emphasis on early promotion is a main selling point to prospective graduates: “the career model at KPMG allows accelerated progression through the bands. Our people generally progress through levels relatively quickly and many are promoted before or as they reach the midpoint for their role,” said Ms Hisgrove.“Remuneration is a minimum expectation.