KPMG UK has revealed more details about their six year education and work programme, tailored towards creating the next generation of the firms accountants.
The programme for A-level students will include paid tuition fees for a business degree at Durham University, an accountancy qualification and a starting annual salary of £20,000.
KPMG UK head of audit Oliver Tant said the scheme is expected to cut its recruitment cost and tap into some of the brightest talent at school level.
KPMG also said the programme will enable young people to build a career and offers a new approach combining work experience, a degree as well as an ACA accountancy qualification gained at the Institute of Chartered Accountants of England and Wales.
KPMG will take on 75 school leavers in September 2011, who will have to meet the one A and two B grade criteria at A-levels in order to qualify before undertaking a test at an assessment centre followed by an interview at the firm.
KPMG said it will aim to expand the project and would like to increase intake up to 400 students in the next few years and work with several Universities around the country.
Tant said the firm is hoping more firms in the City will follow KPMG’s lead in creating programmes of this kind as tuition fees are raising and school levers are fearful about future job prospects.
The scheme will firstly target schools in deprived areas but the programme is open to all school leavers across the country.