What about Deloitte?
Curious to see what you guys think about one beginning their career at Deloitte. I come from a non target so I know you guys will say go for a top banking firm first but I just wanna keep things realistic. Ultimate goal is to go to buyside or upper management at F500 after a top B school.
Should I persue consulting here?
whats the best group?
Do they have Investment banking services that are respected?
Compensation/lifestyle?
Exit ops??
Deloitte is a great company, and can get you into a M7 business school after 3-4 years. If you know you're definitely going to go to b-school, I would take it if you don't have BB IB offers or MBB consulting offers.
Depends largely on what you'd be doing at Deloitte, but the transition from most Big 4 jobs to front-office finance jobs (buyside or sellside) takes a lot of effort, even post-business school. Moving to controller/CFO/treasury roles is extremely easy, and as mentioned above business school placement is good.
So is it safe to say that consulting is far the best thing to do at Deloitte meaning no advisory work? And how is the lifestyle and comp for a young consultant..ive seen 70+10 and a small performance bonus is this about right?
consultants have terrible lifestyles, you fly around constantly to the most obscure places. usually traveling monday-friday, so where-ever you are based in (boston/nyc) you will have to rent an apartment for 2-3 nights.
know this from a friend working there. Deloitte is pretty picky about grades too, from what I hear... I wouldn't necessarily bank on going there as if it's super easy to get accepted to.
I know friends that got turned down by Deloitte but are working ibanking at a BB. think this is because Deloitte (and other top consulting firms) are really picky about grades and other shit BB's don't care about. but if you have a good gpa then go for it
Do they really travel that much? Ive heard of some places where consultants travel maybe 25 percent of the time with the rest being local work especially working at a main office such as nyc.
depends what kind of consultant you are. i was referring mainly to management consulting (strategy & operations group)
this group is paid the 70+10
but tech/BPO will be far less
Salary - i don't know what it is this year, but they pay the same regardless of group (S&O, Tech, Human Capital) and City (NYC gets as much as Kansas City)
In terms of lifestyle, I posted a thread on this a while back (//www.wallstreetoasis.com/forums/ask-a-boozaccenturedeloitte-2nd-year-ana…) - hope that helps, although you'll see that its all very situational.
Deloitte is a very good company to work for, and a great place to start your career. B-school placement is top notch. please don't let other people's "Prestige" comments on this site deter you from taking certain jobs.
PM me if you have any other questions
Deloitte is definitely a good firm to work for, just like the rest of the big four.
It's a completely different career path than banking, but you can certainly have an enjoyable career/life there, maybe even more so than banking.
You won't make partner as fast as MD, and you won't get paid as much when you do. But you will be working fewer hours, probably travel less, experience less pressure, and be in a more family friendly firm. I think they even have paternity leave (and you are "allowed" to use it without getting canned).
Just like marketing, AM, and CorpFin, accounting isn't "worse" just different. It really depends on where your interests and priorities lie.
So get this, the pension at Deloitte/EY etc for partners is absolutely ridiculous. Average of your last 4 year income for life. And retirement is forced at 60. And by the time you hit 60, you're easily making 800K - 1.5MM as a consulting/advisory partner at a big4. So imagine that, from 60 onward, you can get 7 figures every year for doing absolutely nothing.
Their website refers to corporate finance Advisory as "investment bankers." Are they bankers? Is their comp near street for entry level or is it Consultant level? Also is the skillset/ reputation worth passing up management consulting?
Big 4 "corporate finance" "investment bankers" do mostly micro-deals and fairness opinions, at least in the US. Comp is not near street. Skillset might be worthwhile but reputation will not be better or worse than other Deloitte functions.
OP - Deloitte Consulting has three paths - BA (Business Analyst), BTA (Business Technology Analyst), and HCA (Human Capital Analyst). BA is a solid program and if you do well, you can probably end up at a really good B-school provided everything else is good on your record. From there, you can move on to whatever you want.
Deloitte and Touche is the Audit/Tax/Advisory side and if you get an Analyst job doing Fairness opinions, valuations etc.. then chances of getting to a good B-school are slim as a lot of state kids who aren't the sharpest tools in the shed get those jobs (atleast from what I've seen at my non-target for IB).
Hope that helps
that helps alot thanks
Great! I can apply here once I get rejected from all bulge brackets! LOL
wow, you're a major tool.
.
Info on Deloitte (Originally Posted: 12/22/2012)
Hey all, I am currently a freshman at a large public school, pretty high Big 4 presense during OCR, although, not sure if strictly for audit/tax ...
It turns out, I personally know a guy that works for Deloitte consulting, but I'm a total noob in the consulting world, so I don't know which group or anything that he is in (I don't know the difference between all of them ...)
Anyways, I've known this guy since I was young, and just found out what he did; parents friend, not mine per se. So, I figure it would be easy to network with him, but I don't wanna sound too stupid. From what I've gathered is S&O is the top group?
Anways, what if I find out he's in a different group and can't really help me get into s&o? Are there any other good groups I should look for?
Since I'm only a freshman, I want to keep my options open: hence me asking questions about consulting, trying to learn all that I can about everything.
Thanks in advance!
I would place Deloitte up there with MBB. You actually get a good mix of implementation experience (as opposed to strictly strategy), which will come in handy if you ever want to start your own business or move into a biz dev role. Also, Deloitte places well into top B-Schools. You will learn a ton, it is a very nurturing company, and it is well respected (I am referring to Deloitte's consulting practice).
If you're sure he works in consulting, the three groups I know Deloitte has are 1) strategy and operations, 2) federal, and 3) technology. You're right that S&O is probably the most prestigious/hardest to get into.
As FPM already pointed out, those are the three groups within Deloitte's consulting arm. S&O is head and shoulders above the other two, in my opinion. I've heard of several people in BTA who had decent exit opps but it'll be hard as both BTA and fed seem to pigeonhole you the longer you stay.
Most of the fed ones are in DC and VA from what I remember, so you should be able to glean pretty quickly whether or not your friend is in that group.
Thank you for that info; gives me more to research.
How exactly do you plan to network with someone who is already a friend? Networking implies building new connections.
/early morning pedantic
@Asatar: Lol fair enough, I should have phrased that differently.
@Karembeu: That is awesome information, thank you! That cleared some things up for me.
Also note that Deloitte calls their internal control/risk group "consulting" sometimes as well, even though it is under the audit umbrella and not Deloitte Consulting. Do yourself a favor and know EXACTLY what group you're interviewing for.
That's great to know. Glad you mentioned it. Thanks!
So, there is a really good Deloitte Conference for freshmen. They talk about all their services and include consulting. If your grades and extracurriculars are strong, and you talk to a recruiter frequently, then you have a good shot. You can Google the conference, the name of it is: NextGen Leaders National Conference.
From that conference, they do accelerated recruiting, if you're interested in consulting this could be your shot. Typically with Deloitte's S&O internship, they hire mostly MBA students (last year around 140), and then they hire about 40-45 undergrad students (Summer Scholars). Vast majority of those undergrad interns are rising seniors. It's a great internship. I did it this past summer and really enjoyed myself.
Okay, so, it turns out my friend is on the consulting side, but not in my intended location (not trying to be too picky, just opening up more options...) I have a few more questions, and instead of starting a new post, I figured I'd ask from here.
Okay, so I was on LinkedIn and found multiple Deloitte consultants. My question is: do the same rules apply to cold emailing in consulting as in IB? On the IB boards, what I have gathered is that it's best to contact analyst's as they will be the ones interviewing you initially, and also working with you (if) you get the job.
I have "consultant"s "senior consultant"s and "Associate consultant"s on LinkedIn, and am at a total loss when it comes to who to contact.
Any advice would be great!
Deloitte (Originally Posted: 11/18/2013)
I have been looking through the Consulting Cabaret for a bit and decided to post to ask for some much needed advice. I feel so lost ..
i would place Piper Jaffray up there with Goldman Sachs. You actually get a good mix of implementation experience (as opposed to strictly modeling), which will come in handy if you ever want to start your own business or move into a biz dev role. Also, piper jaffray places well into top B-Schools. You will learn a ton, it is a very nurturing company, and it is well respected (I am referring to piper jaffray's ibd practice).
HAHAHAHAHAHAHA
For J&J, I think the only really "reputable" LDP is the Finance/Accounting one. Not sure though.
I think both lose out to Deloitte BTA if you're looking at BSchool.
turnyasystemup, what do you mean by "both lose out to Deloitte BTA if you're looking at BSchool"? does that mean that Deloitte BTA is the best choice for getting into a good BSchool??
I'm in the global operations LDP called GOLD
I was thinking the other way around actually, because fewer people apply from the healthcare industry - I actually know that a handful of GOLD graduates that have gotten in HBS and other top 5 schools.. seems like the admissions committee recognizes the LDP
Yeah Deloitte hands down.
Tough choice, but I'd say BTA. You wouldn't go wrong with either one, both great programs.
yesss my school advisor told me exactly that, "both are good so you can't go wrong" - precisely why it's been a struggle deciding.
Go Johnson and Johnson. Know people in both companies - people in BTA complain about a second class feel (both in terms of the firm and position within). Despite this, there are dull, awkwardly arrogant people (especially at the senior level) that make the culture obnoxious.
Johnson and Johnson is an interesting mix. The average competence might not be any higher, but there are more interesting things to do, and if you shine, you can do so without being second class.
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