KPMG launches accounting/tax scholarship for underrepresented students

KPMG US has launched a new scholarship for underrepresented racial and ethnic groups pursuing a master’s degree in accounting or tax.

Eligible students will receive up to $40,000 in funding at the school of their choice, as well as coaching and mentoring from the KPMG Tax network. Students also may be eligible for an internship during the course of their degree.

After graduation from their master’s program, scholarship recipients will join KPMG Tax as full-time employees.

“Creating a more diverse, equitable, and inclusive workforce is mission critical," said Greg Engel, vice chair – tax at KPMG US. "Our Tax Scholarship Program is a perfect example of how KPMG is prioritizing tangible solutions that create more opportunities for diverse talent to enter and succeed in our profession.”

The accounting and consulting firm’s Tax Scholarship Program is part of its Accelerate 2025 DEI strategy – which is targeting 50% partner and managing director representation from underrepresented groups and a 50% increase in KPMG’s Black and Hispanic workforce.

The Big Four firm said that 69% of full-time hires of new college graduates in FY22 were from underrepresented groups.

“The evolution of our scholarship program marks an important step in further advancing diversity in our great profession with a goal to cultivate future leaders,” said French Taylor, partner and DEI leader – tax at KPMG US. “Our program is an amazing opportunity for students to receive significant funding toward an advanced degree at a school of their choice and with the security of a full-time job at a Big 4 firm once they graduate.”