Build your resume then get out of the rat race - Anonymous employee Deloitte Employee Review

3.0
6 Aug 2018
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Having Deloitte on your resume holds a lot of weight Get 16 weeks off when you have a kid

Cons

The internal recruiter will try to talk your salary down. It is part of their job. So get as much as you can up front. When you get promoted you'll only receive a 5% increase and most people leave because of this. The PPDs (principals, partners, and directors) will put millions in their pockets before they give you hundreds. Little to no profit sharing. You'll be lucky to get 1k or 2k as a bonus. Even managers say their bonuses "are not enough to buy a car with". Raises are calculated by national cost of living increases and not local... So if you live in a city like Nashville where the cost of living is skyrocketing, you get shafted. Several of my peers and I spent thousands of hours on a highly profitable project and were only rewarded with a party... Yet the PPDs kept bragging about how much money we were making. What they were really bragging about was how much money they were making... They literally kept telling us we made double this year than last year. Then the year after we made double again compared to last year. Yet the raises and bonuses were 2 to 4 % for most people... The PPDs make a "plan" when it comes to profits and bring it up as a talking point during meetings. They can not meet "plan" and still be profitable. If they do not meet "plan" you'll receive little to no bonuses and or raises, yet they will still fill their coffers with money. "Plan" could be anything. For example, "plan" could be double what we made last year in profit. Basically the PPDs are getting paid first, the most, and will share little to no profit, yet you are doing all the actual work and if something goes wrong, you'll be canned. If you find a way for the company to make millions or save millions, you'll only receive a pat on the back, well unless you are a PPD. If you find a way for the company to make millions or save millions, most of your peers will turn on you. The recruiter will not tell you that you are expected to bill more than 40 hour weeks. There was actually a mandate that went out and it asked everyone to bill 55 hour weeks minimum.................. The mandate was quickly reworded....... 60% of internal IT is incompetent and doesn't understand the other parts of Deloitte (profit centers) are their clients and that the other parts of Deloitte do not have to use them. Work here for a few years, get Deloitte on your resume, then get out of the rat race (race to no where).

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Pros

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Cons

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5.0
4 Aug 2014
Recommend
CEO approval
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Pros

These folks know exactly what they are doing. They set high standards, and consistently deliver. Their project expectations and planning is excellent. The top level management folks are extremely smart and have a great sense of vision and planning. If you go to company social events (which are very frequent by the way), it is quite easy to have conversations with upper management people (Partners). Deloitte's hiring pattern is very consistent. For the young starters, they hire smart, well spoken, and subtly aggressive candidates. They have excellent training and knowledge management. They have a well oiled and empowered HR and Tech Support group. Things get done pretty fast. Their paid time off program is really great, and pretty straight forward. No messing about. They have a big social responsibility program that encourages volunteering. It also presents a great opportunity for youngsters to take event organizing responsibilities. This can be very very useful. Once, I volunteered for an event where we painted rooms for an orphanage center. There was a young guy who did the organizing. We were 10-12 people, with 3 senior executives actually doing paintwork. Quite unique. I have personally seen that Deloitte's top talents tend to start young, spend a 3-4 years, then take a hiatus to pursue a Graduate Degree (typically an MBA). The firm sometimes re-hires these consultants after their MBA with generous financial incentives. They offer much better packages to folks graduating from top universities. Sometimes they can offer huge joining bonuses. I worked in the IT consulting division.They tend to get top-end projects. On projects, the average age seems pretty low. A lot of 20-somethings, then there are a handful of 30-40 year old people and some senior Management folks. Beginner salaries can be a bit low. (which is expected. It takes some time to build credibility in the Consulting business) Overall, a great place to start your professional career. If you pay attention, you will get seasoned very quickly.

Cons

Work-life balance can become poor, especially during tight project timelines (This is expected in the Consulting Business). The employees have a significant amount of "firm-internal" training and knowledge contribution tasks. There are annual goal expectations. It can get tedious if you continuously work on high demand projects. There is intense competition, especially during targeted promotion/milestone years. There can be some backstabbing. It's part of the experience. It is not as bad as it sounds, and seems manageable. A lot of times, being young and inexperienced has it's flaws. The company has a simple way of seasoning consultants. They get pushed into high pressure situations, and they learn fast, and quickly start managing their own work. But they tend to be blind towards intricate details, especially in complicated IT product implementations. This has an interesting effect. If someone is able to do the hands-on work, everyone else tries to piggy-back on that person for their actual work. The hands-on guy gets overwhelmed, and others try to use him/her as a key resource. -- I personally went through a crunch project, and found a number of people "managing expectations" (piggy backing), while a handful of people actually knew the end-to-end solution and did the hands-on work. This created a lot more work and mental anguish than needed. Because of the expressed pressure, the hands-on guys have a hard time building and growing their reputation and subsequent performance evaluation rating. This also affects the project execution timelines. IMPORTANT: Make sure you thoroughly read through your employment agreement and understand the implications. In recent years, they have started hiring for specific projects ONLY. This falls under a particular "AMS service line". In this case, if your assigned project gets into a problem, you are exposed to the risk of employment termination. Their HR and Management are very helpful, and they will try to get you a new project. But there are several constraints like location, your skills, and limited time. I went through this, and it was somewhat unnerving. This was one of the reasons I ended up leaving the company.

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