University of Technology Sydney vice chancellor Andrew Parfitt is in the midst of cutting $100 million from the uni’s budget. It involves sacking 400 staff members but, he hopes, will boost the UTS surplus to $94 million by 2029.

And despite teaching the baby consultants and accountants who fill out the big four professional services’ firms graduate intakes, UTS has opted to turn to KPMG instead of its own staff to design this plan.