Deloitte Enterprise Risk Services (Consultant) to Deloitte Consulting (Consultant)

I have 3 SBs to give out. I know WSO focuses mainly around Ibanking, but someone must have the knowledge to shed some light.

Deloitte ERS focuses on controls consulting. But I'd say you can have a decent shot at an internal move if you don't get into S&O in the beginning

I second what Bird said. If you're going to try and get into management consulting look external. Big 4 like to sell people on internal career advancement/transfers, but it's 99% bs. The problem with internal transfers is that the people you're trying to convince to take you know exactly what you do or can ask your boss. DM me if you have more specific questions I may be able to help with.

In terms of prestige it is on par with audit. The "risk" you will be analyzing will not be financial or strategic risk, but rather process-oriented items as mentioned above. Because of this it is not exactly a transferable skill set. Not a bad job by any means and a good bschool is certainly possible, but I don't think MC is very likely at the moment. Feel free to prove me wrong in a few years though!

thanks bird. oh and i can still obtain the accounting designation while working in ERS, just not sure how long the process is.

+1 SB to you

any other stories/view on people making the jump? I just dont want to be pidgeon-holed in IT. Deloitte is a brand name that i could add to my resume, and that was one of my main reasons to join the firm.

don't get me wrong, ERS is a great group and you will develop a valuable skill set. you will work less hours than audit/tax, be under less pressure, and should be getting paid a little more than audit/tax folks. not too many people in ERS pursue their CPA, but i would 100% recommend going for that designation and maybe some others down the road (CISA, CIA, etc.). exit opps are primarily to internal audit and IT audit in industry. depending on where you go, IA is not too bad of a gig and often serves as a pipeline for upper management in some places. the IT stuff will lead to more jobs down the road imo, based on the increasing relevance of information systems in business and financial reporting. if you want more exposure to the numbers/accounting side and want a less niche practice, jump to audit. audit will give you the widest range of exit jobs down the road.

ERS busy season is much longer and usually goes from september-march depending on the clients. They probably work as many hours or more then Audit/Tax. The thought that they work less hours is common amongst audit staff and most of them don't even know what ERS does. Last year there was a lot of turnover at the senior and manager level firm wide, which created a lot of stress for everyone. This could be the case again for the upcoming year unless compensation is good this year.

With the ERS group you will get to travel to a lot of different locations in comparison to audit staff. You have the opportunity to be staffed on large national engagements. Audit is very hierarchal and I feel like they limit incoming staff. As a first year consultant if I needed to interact with anyone on the audit staff I would be told to go directly to a senior or manager on the engagement. You will also be interacting with directors and CIOs depending on the size of the client and how much responsibility they decide to give you.

I am assuming you want to make this jump based on the salary difference? The jump from ERS to consulting is entirely not impossible, but you most likely will not be able to transfer until you have been with the firm for a few years. Most people transfer from consulting to ERS because they can't hack the long hours that is involved with consulting.

Depending on your background you will be most likely be put in technology risk or business risk first and will be doing controls testing. For anyone that is technology risk they want to you get an understanding of all the different systems and it's the easiest entry point. I've heard of a lot of people transferring into security and privacy, which is more consulting type of work, after getting experience with GCCs.

What is your background? Accounting,MIS,AIS major? Do you know if you will be in technology risk?

ERS busy season is much longer and usually goes from september-march depending on the clients. They probably work as many hours or more than Audit/Tax. The thought that they work less hours is common amongst audit staff and most of them don't even know what ERS does. Last year there was a lot of turnover at the senior and manager level firm wide, which created a lot of stress for everyone. This could be the case again for the upcoming year unless compensation is good this year.

With the ERS group you will get to travel to a lot of different locations in comparison to audit staff. You have the opportunity to be staffed on large national engagements. Audit is very hierarchal and I feel like they limit incoming staff. As a first year consultant if I needed to interact with anyone on the audit staff I would be told to go directly to a senior or manager on the engagement. You will also be interacting with directors and CIOs depending on the size of the client and how much responsibility they decide to give you.

I am assuming you want to make this jump based on the salary difference? The jump from ERS to consulting is not impossible, but you most likely will not be able to transfer until you have been with the firm for a few years. Most people transfer from consulting to ERS because they can't hack the long hours that is involved with consulting.

Depending on your background you will be most likely be put in technology risk or business risk first and will be doing controls testing. For anyone that is technology risk they want to you get an understanding of all the different systems and it's the easiest entry point. I've heard of a lot of people transferring into security and privacy, which is more consulting type of work, after getting experience with GCCs.

What is your background? Accounting,MIS,AIS major? Do you know if you will be in technology risk?

Yes you can switch from ERS to Consulting within DT; here is what you need to focus on: 1. You will be able to get on consulting projects speak to your counselor about that option, seek those and establish good relationships with consulting partners 2. Have a rating of 2 (for deloitte) at the year end 3. Ask the Consulting Partners to pull you over to Consulting side; boom done!