2007 Best Places to Launch A Career

1. Deloitte & Touche

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New York, New York 10019

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The accounting and consulting giant has it all: student buzz, an extensive recruiting effort, and a rich benefits package.

Undergrad Internships

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.

Applicants & New Hires

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).

Salary & Benefits

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.

Work Environment

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.

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