Deloitte Extends FT offers to interns
As of this afternoon, Deloitte has canceled their internship program and moved to a two-week volunteer program. They will also be extending FT offers to all interns if they meet certain minimum requirements.
Further, the email says “Our new program will be a voluntary two - week summer virtual experience that will consist of a number of different activities providing you with an experience to engage with our professionals and your peers. It will be held July 13th- July 24th. You will receive a payment of $4,000 less applicable withholdings and authorized deductions.”
so did KPMG recently!
Can confirm this
How recently?
Is this for IB/Corp Fin or for consulting?
Consulting from what I've heard. Ik marketing and a couple of other divisions have gotten emails stating theyll receieve an update soon so they'll probably get auto FT as well.
Fantastic move on their part, not just for the FT offers but making the program voluntary too. If we're keeping it 100% honest, a lot of these virtual programs are bull. Useful for the kids who may be new to the industry and genuinely trying to get an insight, but a waste of time for kids who've already done internships in the industry and know their hearts set on it and are just looking to secure their FT offer. A virtual program for a few weeks won't teach those kids anything, controversial opinion but better to let those kids use those weeks in summer for something more productive.
Basically every major consulting firm other than MBB has given guaranteed FT offers to its interns.
The list is the following firms: Deloitte, PwC, Strategy&, LEK, Oliver Wyman, KPMG
The only one with a required program of any kind is the PwC and Strategy& 2-week virtual upskilling.
Wonder what it will take for MBB to do the same.
AT Kearney cancelled their intern program and didn't give offers. Regardless, it's more likely than not that MBB will follow suit and hand out FT offers. I'd be surprised if they didn't.
PwC/S&’s FT offer isn’t dependent on doing the 2-week program actually
Bulge brackets pretty please follow suit :(((
Which BBs have yet to say anything? UBS, Barclays, and DB?
and BofA
ughh still waiting for JPM to make a move...
No shot JPM gives auto full time. Look at last year’s offer rates.
I'm almost certain this forces EY's hand lol 3/4 big 4
Are Big 4 companies applying these policies across departments? Like consulting v. transaction v. accounting? Or are just certain groups getting the guaranteed FT? Doesn't apply to me but lots of Big 4 accounting interns at my school I'm curious about.
Any idea as to what 'certain minimum requirements' means?
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