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The accounting and consulting giant has it all: student buzz, an extensive recruiting effort, and a rich benefits package.
No. of undergrad internships in:
2005: 944*
2006: 1,165*
2007: 1,208*
2006 interns from the following classes:
1% Freshman
2% Sophomores
2% Juniors
53% Seniors
42% Graduates
2006 interns from the following majors:
56% Business
6% Computer Science
5% Economics
1% Engineering
5% Liberal Arts
1% Math
1% Science
17% Undeclared
5% Other
100*% of internships paid
0% of internships unpaid
Is there an offical summer internship program? Yes
Average length of summer program: 10 weeks
Minimum: NA weeks
Maximum: NA weeks
Average hourly wage: $23.50
Are interns paid on lump sum basis? No
Average total intern compensation: $9,400
87% of eligible 2006 interns received full-time job offers
92% of interns with offers accepted
NOTE: 5-year accounting students working toward BS and MS simultaneously excluded from undergraduate internship numbers.
354 undergrad campuses where employer recruited 2006-07
327 undergrad campuses where employer made job offers
Applicants for entry-level jobs
2005: 16,151*
2006: 45,369*
2007: 52,880*
Entry-level hires
2005: 1,581*
2006: 1,995*
2007: 1,996*
Entry-level hires who were undergrad interns
2005: 86*%
2006: 88*%
2007: 90*%
Most important characteristics for new hires:
2-Analytical Skills
1-Communication Skills
3-College GPA
2006 new hires majored in:
56% Business
6% Computer Science
5% Economics
4% Engineering
5% Liberal Arts
1% Math
1% Science
17% Undeclared
5% Other
...and are:
7*% African American
5% Hispanic American
31% Asian American
0% Other
43% Total minorities
48% Female
NOTE: Number of entry-level hires excludes 5-year accounting students working toward BS and MS simultaneously.
Number of applicants, new hires, and percentage of entry-level hires who were former undergraduate interns based on fiscal year (July 1-June 31) data.
NOTE: Responses include client service positions only (a majority of new hires work in this capacity).
Entry-level hires since Jan. 1
Average base salary: $50,000 to $54,999
0% earn less than $35,000
0% earn $35,000 to $39,999
3% earn $40,000 to $44,999
37% earn $45,000 to $49,999
21% earn $50,000 to $54,999
13% earn $55,000 to $59,999
19% earn $60,000 to $64,999
1% earn $65,000 to $69,999
6% earn $70,000 and above
Bonuses, Overtime & Perks
73% received signing bonuses
Average signing bonus: $3,826
0% received performance bonus first year on job
Average performance bonus, 2006: $NA
NA% of 2006 entry-level hires eligible for OT
NA% of 2006 entry-level hires not eligible for OT
Reimburse employees for ed expenses?: Yes
Do employees become eligible immediately?: Yes*
Maximum annual education reimbursement: $10,000
Full grad school sponsorship for jr. level employees? Yes
Partial grad school sponsorship for jr. level employees? Yes
Time Off
Is there a Paid Time Off (PTO) Bank? Yes*
If no, total paid vacation days:
During first year: NA
After 1 year: NA
After 3 years: NA
After 5 years: NA
After 10 years: NA
Total paid holidays: NA
Time off for religious observances: NA
If yes, max PTO days:
During first year: 8
After 1 year: 38
After 3 years: 38
After 5 years: 38
After 10 years: 38
Total days off for religious observances: NA
Is flex time available? Yes
Sick, personal days, first year: NA
Health Benefits
Do entry-level hires have access to health plan? Yes
Employees pay part of the cost? Yes
Does health plan provide dental coverage? Yes
Extra charge for dental coverage? Yes
Does health plan provide vision coverage? Yes
Extra charge for vision coverage? No
Are same sex partners permitted as dependents? Yes
Pension and Profit-sharing
Do entry-level hires have access to 401(k)? Yes
12 months to full vesting in 401(k)
Max. company match as a percentage of salary: 1.5%
Min. employee set-aside as a percentage of salary to receive max. co. match: 6%
If 401(k) match not calculated as percentage of salary, explain:
Company match may vary due to profitability of firm.
Are entry-level hires eligible for co-funded pension? Yes*
Months to full vesting in co-funded pension: 60
Are entry-level hires eligible for profit-sharing program? No
Months to full vesting in profit-sharing program: NA
Maternity/Paternity Leave
Maximum Maternity Leave
10 days during first year
10 days after 1 year
10 days after 3 years
10 days after 5 years
Maximum Paternity Leave
10 days during first year
10 days after 1 year
10 days after 3 years
10 days after 5 years
Other Benefits
Does company match employee charitable gifts? Yes
Max. annual company match for employee charitable gifts: $5,000*
Does company pay relocation expenses? Yes
Max. annual relocation expenses? $10,000
Employee Discounts
Car rentals*
Gym memberships
Cell phone/service
Insurance
Cultural events
Publications
NOTE: Employees are eligible for some forms of educational reimbursement immediately, but are eligible for the maximum $10,000 educational reimbursement provided under Deloitte's National Tuition Assistance Program after 1 year of service.
Employees are eligible for pension plan after 1 year of service.
In addition to PTO bank, additional holidays may also be awarded. (In 2006, all eligible employees received 6 extra holidays). Time off may also be given for bereavement and certification exams.
The Deloitte Foundation matches employee donations to many institutions of higher learning; the maximum per donor being $5,000 per fiscal year to eligible colleges/universities (an additional match of up to $5,000 per donor is made for gifts to strategic schools).
Other discount options include car purchases, computers and related services, electronics, and flowers.
48 hours worked weekly by entry-level hires on average
Does average vary by business unit, department? Yes
Entry-level hire work locations...
10% in open work stations
70% in cubicles
15% in shared offices
0% in private offices
5% have no company-supplied work space
Does organization monitor e-mail?: Yes
Does organization monitor Web usage? Yes
Typical dress code
Business Casual
Casual Fridays
Does organization sponsor employee volunteer opportunities? Yes
Does organization offer employee daycare? Not offered
Does organization have fitness facilities on site? Some locations
NOTE: Because many employees work on client engagements at offsite locations, back-up childcare provided as a practical alternative to onsite day care.
Training Programs
Does your organization have a formal orientation program? Yes
If yes, how many days is it? 5
Orientation includes:
Computer Training
Guest Speakers
Diversity Exercises
Team Building Activities
Tour of Facilities
All new hires attend two to five days of live, instructor-led formal orientation and an additional 1-3 days of role-specific formal orientation; a supplemental online New Hire Center contains information presented in live program.
$2,800 average spent on training, per new hire, in 2006
Is there a formal leadership program for entry-level hires of a year or less? Yes
All Analyst Program*
Do candidates apply directly? No
If not, how is eligibility determined? Automatic
When are new hires first eligible? Immediately
Is program rotational? No
If yes, number of locations or business units: NA
Minimum rotations: NA
Maximum rotations: NA
Length of program, in weeks: NA
Minimum: 2 weeks
Maximum: 6* weeks
After program, employees offered permanent positions: 100%*
After program, do employees offered permanent position receive raise? No
If yes, amount of typical raise: NA
Is there a formal leadership program for entry-level hires of a year or more? Yes
Future Leaders Apprentice Program (FLAP)*
Do candidates apply directly? No
If not, how is eligibility determined?
Nomination/Committee Selection
When are new hires first eligible? Immediately
Is program rotational? No
If yes, number of locations or business units NA
Minimum rotations: NA
Maximum rotations: NA
Length of program, in weeks: 104
Minimum: NA weeks
Maximum: NA weeks
After program, employees offered permanent positions: 75% to 99%*
After program, do employees offered permanent position receive raise? No
If yes, amount of typical raise: NA
Does company have formal mentorship program? Yes
100*% of entry-level hires participate
15* days of additional training expected
NOTE: All Analyst Program for new analysts in Deloitte Consulting only; immerses them in skill-building and networking through real-life, multi-phase project simulation supported by team coaches.
Length of All Analyst Program determined by consultant's service line; may run from 2-4 weeks or 4-6 weeks.
The FLAP program targets students while still enrolled in school; once employed by Deloitte they begin training immediately.
All Analyst Program and FLAP participants are offered full-time - not permanent - positions.
Each future new hire who formally agrees to participate in FLAP, a program that targets diverse students, receives a $5,000 scholarship award as additional incentive to join the organization.
All new hires participate in a formal performance management program, which focuses on mentoring and coaching.
Average additional employee training is 15 days; ranges from 7-22 days depending on an employee's specialty.
Getting Ahead
Three-year retention rate: 50%
Five-year retention rate: 26%
How are raises determined?
Performance
Market rates and organizational performance
When are entry-level hires eligible for first raise? Annually around September 1
How are promotions determined?
Performance
When are entry-level hires eligible for first promotion? Two years or more
Evaluations
Frequency of evaluations
End of engagements/projects and intermittently as needed
Important qualities
3-Effort
1-Learning Ability
2-Team Player
Min. tenure in years required for job change: 0
Describe any rules that apply: At any point in their careers, employees have access to Deloitte Career Connections; coaches work with individuals on a variety of career development needs, including internal mobility.
Long-Term Prospects
Does position of VP exist at this organization? No
If not, is there a comparable title? Partner, Principal or Firm Director (equity stakeholders)*
No. of employees who hold VP or similar title: 4,006
No. of employees with VP or similar title with 20 years plus seniority: 947
Age of youngest employee with VP or similar title: 30
Seniority of youngest employee with VP or similar title in years: 9
NOTE: Individuals are equity stakeholders through ownership or profit sharing.
Disclaimer:Partners and principals not technically employees.