Hi,I am starting as a graduate at KPMG in Australia in Internal Audit, Risk and Control Services inside Advisory. Does this fall under management consulting?I am unsure about the career options upon leaving post 4-5 years. I believe they also offer postgraduate qualifications such as the Chartered Accountant, Internal Auditing qualification as well as the possibility of doing an MBA. Which one is best considering the answer for the question above?Cheers

That falls under Advisory, the Risk & Compliance branch.As you probably know P&T, R&C, T&R are the three advisory branches. R&C and internal audit work however is mostly geared toward supporting accountants. You'll get the same nice peak at the end of the year, you apply frameworks to provide assurance etc. From januari-september you'll be more involved in advisory as you have already controlled processes and will now advice on how to improve them...

Bump. Cheers, inside R&C isn't really management consulting then? Any opinions on the post graduate qualification?

No- This branch is not management consulting. Its actually going to be fairly cut and dry, especially given your position as a graduate.Your salary will be typically lowballed, and they wont really negotiate with you either given that you are a graduate with limited bargaining power.The team will be young, some very young. Generally they do work hard, but their inexperience will show often.Manangement is sometimes biased with preferrential treatment for those who kiss a$$ and/or have parents/contacts who recommend clients...you get the picture. Soem people can stand this, some cant...On the pros side, this is good to get your foot in the door and accumualte some work experience. Also the KPMG brand name carries some weight. It should put you in good stead after a few years.Most people do about 3 yrs there then go off to industry firms that pay much higher and have more experienced people to work with. Anyway, i digress, back to your question- it aint MC- the skills for MC are quite different. Valued transferrable skills are quantitative and process analysis that you will learn there.MC requires a lot more than those however....If you want to do MC in the future, then do do an MBA, but only from a top university. Even with an MBA dont expect too much- the MC market in Aus is small and very tough to break into unless you have contacts. MBA's in aus are not highly valued, unfortunately, like they are in other countries.

I'd say it isn't management consulting either as you'll mostly be going trough checklists. While KPMG R&C falls under Advisory, at Deloitte and PwC it's part of assurance/audit which says enough about the type of work.Still a good career path for IT folks with high salaries in industry. Starting salaries for grads in industry can go towards 41k (euro) base :o

Thank u guys very much for the input so far. Its been really helpful.In response to Chipzilla, in Australia only PwC does Internal Audit, Risk & Control fall under assurance. For the other Big 4 firms it falls under Risk Advisory. I am hoping that means the scope of work/engagements is different than if it was under assurance? In response to Gunslinger, I am under no illusions about how difficult it is to move to a boutique or strategy houses like McKinsey etc from a Big 4 accounting firm. I read a lot of posts of similar scenarios and don't have any intention of moving. I have also heard (it IS hearsay) that one can double their salary if they move out of the big 4 in this area group and into the private sector. As always, people from the Big 4 end up jumping ship and working for the client.But since KPMG supports a postgraduate qualification, I am still not sure which is worth the most in the marketplace.

Usually, employees of all big 4 substantially increase their salary upon leaving to an industry firm or another non big 4 consultancy. It is not really hearsay as you mention; I have seen it in action many times.I wouldnt say double, but it will be very substantial indeed.What id do- of course it depends on if you have other options. If you dont have significantly different options ( non big 4), then id take the role and build up your experience. It will put you in good stead down the line. They will likely sponsor your continued education as well, which is a big bonus, given your age and position as a grad. It also depends on whether you need money asap. Obviously, big 4 aint the place if you want money. If you can sacrifice salary and live it cheap for the next few years, Id say go for it. The brand name alone should put you in good stead for the future.