Graduate News - KPMG & Durham's Golden Handshake
Times are hard. Especially for students. We are still in the midst of one of the longest recessions to date, the coalition government has raised university fees despite protests and social uproar and fiscal matters are becoming increasingly more difficult across the board.
KPMG, a company that deals globally with audits, tax and financial advising for large companies, has come up with an innovative and groundbreaking scheme to 'ensure fair access' to their profession. Working closely with Durham University and ICAEW (Institute of Chartered Accountants in England & Wales) KPMG have agreed to pay the full university and professional tuition fees for 75 students a year as well as a starting salary of around £20,000. In addition to this students also receive a salary throughout their degree. On completion of their 6 years with KPMG they will be fully qualified accountants.
Although this will only be available to a small handful of top students (Durham's business school is one of the best) there is speculation that the scheme could grow to account for the majority of KPMG's annual accountant intake in addition to diversifying their globally renowned business.
Oliver Tant, KPMG's UK Head of Audit said "We need an accountancy profession that is as diverse and as open as it can be. This scheme will address current concerns around how students can meet the costs of university, and make degrees and professional qualifications available to a broader socio-economic group."
Durham also agree that the partnership "will be a highly innovative programme aimed at ensuring some of the most able young people, who might not normally enter Durham University, can gain a rigorous academic degree from one of the world's leading Universities and Business Schools".
For more information go to www.kpmg.co.uk/slp
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