1. Deloitte

Applicants & New Hires

Recruited on 367 undergrad campuses in 2008-09.
Made job offers on 334 undergrad campuses.

Applicants for entry-level jobs

2009: 65,492 (to date)

2008: 55,675

2007: 52,880

Entry-level hiring

Is your entry-level hiring complete for 2009? No

New hires in:

2009: 3,401 (to date)

2008: 3,438

2007: 1,996

Entry-level hires who were undergrad interns

2009: 70% (to date)

2008: 80%

2007: 90%

Most important characteristics for new hires:

1 College GPA/Academic Achievement

2 Cultural Fit

3 Analytical Skills

Data is tracked on a fiscal year basis - all answers are from Deloitte's most recent fiscal year (June 2008-May 2009). Deloitte also evaluates test scores, extracurricular activities, community service and "client readiness" when evaluating candidates.

2008 entry-level hires came from the following majors:

86% Business and Economics

2% Computer Science

4% Engineering

0% Liberal Arts

1% Math

1% Science

1% Pre-Law/Criminal Justice

0% Hospitality/Hotel & Restaurant Management

0% Design

1% Undeclared

4% Other

...and are:

48% Female

35% Minorities

5% African American

5% Hispanic American

24% Asian American

1% Other

Deloitte's data is tracked on a fiscal year basis - all answers are from the firm's most recent fiscal year (June 2008-May 2009).

Salary & Benefits

Entry-level hires since Jan. 1, 2009 (to date)

Average base salary:
$55,000 to $59,999

Average base salary includes some non entry-level employees? No

Base Salary Detail:

0% earn less than $35,000

0% earn $35,000 to $39,999

3% earn $40,000 to $44,999

13% earn $45,000 to $49,999

28% earn $50,000 to $54,999

31% earn $55,000 to $59,999

2% earn $60,000 to $64,999

18% earn $65,000 to $69,999

1% earn $70,000 to $74,999

4% earn $75,000 and above

Bonuses, Overtime & Perks

90% received signing bonuses

Average signing bonus: $5,102

2% received performance bonuses in their first year

Average performance bonus, 2008: $296

Overtime Eligibility:

0% of 2008 entry-level hires eligible for overtime

100% of 2008 entry-level hires not eligible for overtime

Educational Benefits:

Reimburse employees for education 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

The organization has a Paid Time Off (PTO) Bank: Yes

Maximum PTO days after one year: 42

Maximum PTO days after five years: 42

Maximum PTO days after 10 years: 42

Maximum annual vacation days after one year:

Maximum annual vacation days after five years:

Maximum annual vacation days after 10 years:

Annual paid holidays:

Annual paid floating holidays/religious observances:

Annual paid sick/personal days:

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

Max. employer match as a percentage of salary: 1.5%

Min. percentage of salary employee must set aside to receive max. employer match: 6.0%

Are entry-level hires eligible for employer-funded pension? Yes

Are entry-level hires eligible for profit-sharing program? No

Other Benefits

Is flex time an option for entry-level hires? Yes

Does company match employee charitable gifts? Yes

Does company pay relocation expenses? Yes

Relocation expense limits? Discretionary based on circumstances

Other benefits include:

Employee Discounts

Transportation Benefits

Financial Planning/Tax Prep

Low-Cost Mortgages

Free Meals

Concierge Services

Other

All answers are from Deloitte's most recent fiscal year (June 2008-May 2009) and represent all employees, except client service positions only. Educational reimbursement generally covers tuition, registration, fees, and books for 12-month period. Degree/other study programs that exceed $10,000 are reimbursed discretionarily. PTO is based upon career level, not tenure.

Work Environment

Average entry-level work week: NA hours

Does average vary by business unit, department? NA

NA work in open work stations

NA work in cubicles

NA work in shared offices

NA work in private offices

NA have no employer-supplied work space

Dress code includes:

Does the organization sponsor employee volunteer opportunities? Yes

Does organization have fitness facilities on site? NA

Training Programs

Formal orientation program: Yes

Program length: 11 days

Orientation includes the following:

Computer Training

Guest Speakers

Diversity Exercises

Team Building Activities

Tour of Facilities

Benefits Overview

Company Overview

Ethics, mission, culture, and values

Job-Specific Training

Policies And Procedures

Other

Average spent on training, per new hire, in 2008: $6,464

Formal management development program for entry-level employees that is rotational and at least one year in length:
Yes - Deloitte Consulting Analyst Program

Average length of this program: 104 weeks

Typical raise after completion: 15-19.9%

Formal management development program for entry-level employees that is rotational and less than one year in length:
Yes - Future Leaders Apprentice Program

Average length of this program: 11 weeks

Typical raise after completion: 15-19.9%

Formal mentorship programs for entry-level hires? Yes

Mentorship participation rate is 100%

Required training days (excl. formal leadership programs): 20

After completing the Analyst program, many professionals take advantage of Deloitte's graduate school assistance program, which offers financial support, often full reimbursement in earning MBAs. New hires take part in a formal performance management program focused on mentoring and coaching. 20 days is the average. The range is 8-24 days, depending on an employee's specialty.

Getting Ahead

Three-year retention rate: 56%

Five-year retention rate: 34%

How are raises determined?

Individual Performance

Company Performance

Job Classification

Allocation Pool

Other

Are most entry-level hires eligible for their first raise in less than a year? No

How are promotions determined?

Individual Performance

Company Performance

Job Classification

Availability Of Openings

Business Needs

Other

Are most entry-level hires eligible for their first promotion in less than a year? Yes

Evaluations

Is the frequency of evaluations more than once per year? Yes

Most important performance measures for entry-level hires:

1 Cultural Fit, Ethics, And Values

2 Learning Ability

3 Team Player

Min. tenure required for job change/transfer: 12 months

Long-Term Prospects

Does position of vice president exist at this organization? No

If not, is there a comparable title? Partner, Principal or Firm Director

Employees who hold VP or similar title: 3,876

Employees with VP or similar title who have 20+ years seniority: 998

Age of youngest employee with VP or similar title: 31

Seniority of youngest employee with VP or similar title: 10 years

Data is tracked on a fiscal year basis - all answers are from our most recent fiscal year (June 2008-May 2009).