What it does: One of the Big Four accounting & advisory firms
Staff stats: 244,000 globally with 600 partners and 6000 staff in Australia, PNG and Timor-Leste
The good bits: Lots of mentoring, supportive work culture
The not so good bits: Lots of pressure, demanding deadlines
The Deloitte story
Deloitte Touche Tohmatsu, commonly known as Deloitte, is chiefly the result of the marriage of three British and American professional services firms and one Japanese one. William Deloitte opened an accountancy business in London in 1845 and survived long enough to open a New York office in 1880. In 1896 Charles Haskins and Elijah Sells opened the auditing firm Haskins & Sells in New York. In 1898, George Touche opened an accountancy firm in London and a couple of years later partnered with John Niven to open another office in New York. Japanese Navy admiral turned accountant Nobuzo Tohmatsu launched Tohmatsu Aoki & 1968. In 1975, this merged with the firm then known as Touche Ross. By 1989, the various iterations of the firms started by the aforementioned accountants had merged, as well as having absorbed a range of other professional services firms. Since the mid-1990s the network has been known as Deloitte Touche Tohmatsu.
Like its many of its competitors, Deloitte is a network of independent firms. These firms offer audit, consulting, financial and risk advisory and tax services to their clients. All these firms brand themselves as part of the Deloitte network and members of Deloitte Touche Tohmatsu Limited, a private company based in the UK. As of 2016, the Deloitte network covered over 150 countries and had annual revenues of around US$37 billion.
Deloitte believes maximising diversity and inclusion leads to improved business outcomes. Deloitte Australia has a female CEO, Cindy Hook. Along with senior partner and board member Margaret Dreyer, Hook has championed gender diversity at Deloitte Australia for many years. The ‘Inspiring Women’ program encourages female staff through talent identification, development, sponsorship and career opportunities. For 13 consecutive years, the business has been recognised as an Employer of Choice for gender equality. Deloitte Australia also has a LGBTI leadership forum and networking group called GLOBE. It coordinates activities, training and awareness sessions.
Deloitte Australia aims to “make an enduring economic, social and cultural contribution that helps to position Australia for prosperity and sustainability”. To further this end, it gave $18 million to not-for-profit organisations in 2016. Deloitte Australia also offers it services pro bono to certain community organisations. Once a year, on ‘Impact Day’, Deloitte Australia staff spend the day working for charities and community organisations. Since 2015, the Deloitte Foundation has been building relationships with community organisations, providing financial and other support to those caught in natural disasters and encouraging Deloitte Australia staff to donate time and money to worthy causes.
The recruitment process
Every year Deloitte Australia recruits “a large number of outstanding graduates… to inject new ideas and energy.” As might be expected, those with accounting, actuarial studies, economics, IT, law and maths degrees are welcome to apply. What is not so expected is that those from a range of other disciplines – arts, construction management, engineering, graphic/industrial/interior design, psychology and science are also considered.
There are two intakes, in March and July. The grad development program is called D.Academy. D.Academy runs an onboarding process that involves soft skills and technical training to prepare new hires for life at a professional services firm. Grads are then paired up with a buddy and coach to help them get up and running as soon possible. All those in the grad program receive mentoring, peer support and e-learning resources. Those in working in the relevant business units are also supported as they complete the Chartered Accountants Program or Masters of Tax. Once a year, there is an event called Breakthrough, where all those in the Deloitte Australia’s grad program are gathered together to celebrate their progress with their peers and network with partners from all business units.
Deloitte runs a variety of programs – Deloitte Private Young Achievers Program, Deloitte Development Program and Summer Vacation Program – for students at the start and nearing the end of their studies. While not required, it is certainly an advantage to have done one or all of these before applying to the grad program.
Whichever program someone is applying for, the process is much the same. First, there is an online application where you detail your academic qualifications and record, as well as supplying some information about your passions and extra-curricular activities. Then there is a brief online assessment, followed by a phone interview. After that, you’ll be invited to an assessment centre where you’ll undertake group activities and written exercises. You’ll also attend an information session and meet staff members. If you’re applying to work in certain business units, you may also have to do a case study assessment to test your numerical interpretation skills and situational analysis. The final stage is a behavioural-based interview with a partner in the business unit you are hoping to join.
Like other members of the Big Four, Deloitte Australia pays modest starting salaries and doesn’t commonly give those in the grad program bonuses. However, once you’ve finished the grad program your remuneration will be regularly reviewed against industry benchmarks. You’ll also be able to apply for local and overseas secondments and have your relocation costs covered if you’re successful. Other benefits include discounted insurance cover, a range of leave benefits including access to study leave, and discounts on technological devices, banking and finance products, vehicles and travel. There are also plenty of opportunities and support to undertake professional development as well as access to flexible working arrangements.
You can work in multiple business areas and several different countries at Deloitte. If you work hard and exhibit the appropriate technical and interpersonal skills you can expect to be regularly promoted.
The vibe of the place
Deloitte’s culture is based on “inclusion, collaboration, high performance and opportunity”. It’s also often described as “a playful culture with serious intent” which basically means you can expect to work and play hard.
Graduate Satisfaction Rating: 3.9 stars
From the employer:
"As the #1 professional services firm globally, we pride ourselves on our “playful culture with serious intent". We’re in the business of solving complex client problems, and we believe this can’t be achieved without thinking outside the box and working in an enjoyable environment.
Deloitte’s reputation for providing services with integrity has earned the organisation the trust of our clients and our people. If you're ready for a career with a dynamic organisation in an environment that fosters professional development and career advancement, then you're ready for Deloitte.
Deloitte is the brand under which thousands of professionals collaborate across a network of offices in Australia to provide audit, economics, financial advisory, human capital, tax and technology services. We continue to invest in innovative new services, products and people, while expanding its business through acquisitions, alliances and organic growth.
Diversity & Inclusion
As an organisation we recognise the benefits to be gained from a diverse workforce, where the differing skills, perspectives, and experiences of individuals from different backgrounds can lead to more innovative and efficient business practices.
Our aim is to ensure that all our people feel comfortable to bring their whole selves to work, and as a result, create a workplace that encourages the true spirit of 'and different'.
For us, diversity is a pre-requisite - different people, different skills and a different way of thinking combine to create value through innovation.
We are working to create strategies that deliver real business outcomes. From a strategic perspective, Deloitte is currently focusing on three key areas of diversity – gender diversity, cultural diversity, and LGBTI.
Learning & Development
In line with our signal, Continuously Grow, and Improve, Deloitte provides its graduates a dedicated learning experience designed to set them up for success. As a professional development curriculum, D.Academy complements technical training and 'on the job' development.
D. Academy provides our graduates with essential professional development opportunities. The blended learning curriculum provides graduates the opportunity to manage their career, build client service skills, and further develop their interpersonal effectiveness - all of which will provide a solid foundation for a successful career at Deloitte.
This 12 month program complements technical training and ‘on the job’ skills development with networking opportunities such as forums with inspirational Deloitte employees.
We actively engage through The Deloitte Foundation and more broadly, in supporting our flagship partners Oxfam, CanTeen and High Resolves, as well as our priority charities.
We contribute to our community by actively engaging, through The Deloitte Foundation and more broadly, in supporting our chosen partners and priority charities. We do this through workplace giving, IMPACT Day, skilled and micro-volunteering, fundraising for emergency and other appeals, and in pro bono or highly discounted services for selected non-profit organisations.
- IMPACT Day
- Engaging high school students to be purposeful global citizens
- Aid and development."