Live to work - definately not work to live - Manager Deloitte Employee Review

1.0
May 13, 2015
Recommend
CEO approval
Business Outlook

Pros

The best thing by far is the work. You will be exposed to complex client issues that will challenge you to solve. The second best part of the job are the clients. The clients who hire Deloitte have bought into the hype (or just need a big four opinion) and will look to you to help solve their problems. You will get opportunities to shape some of the countries top companies.

Cons

Where to start? The corporate structure of Deloitte is based on working the staff and Managers to death in order to create maximum profitability to the firm. While that is not a surprise to anyone who knows this business, the not so well known part is that all the money goes directly to the Partners pockets. Deloitte which once paid people well and attracted good talent now pays at or less than industry but the hours are endless and the job is becoming thankless. The mantra is wait till you make Partner, you will make big bucks then. Until then, forget your life, your worth any your self esteem. Its all about making the Partners rich. So how does Deloitte continue to get rated a top place to work despite ranking dead last in work life balance in a recent poll of Fortune 500 companies? Great marketing and specialized benefits for a small few that the company can tout to the ranking firms. You, however, will not see great benefits. What you will see is a pathetic 401-K plan which basically contributes nothing to your retirement (again they say wait until you make Partner, the pension benefit is awesome - for the lucky few), a generous PTO plan that you can never use (by the way taking vacation actually counts AGAINST your metrics), and an Independence policy is more invasive than a colonoscopy (they can actually make you refinance your home if you have a mortgage from a firm they feel conflicts you - if you have a good mortgage rate but work in an office that has a relationship with the underwriter you will be refinancing at a higher rate - the firm just doesn't care about your financial situation or the negative impact these decisions can have). So if you still want to come work here, know this, your career progression will have little to do with your abilities or your success and 99% to do with how well you play office politics. Cozy up to a Partner to champion you in the firm and do anything he or she wants for the 7-10 years it will take to make you a Partner. If you truly have any talent you will get your money in the market, if you have mediocre talent and do not see anyway that you will make a lot of money in your career and that is important enough to you to go into indentured servitude for several years, check out Deloitte. It could make you rich but it will definitely make you a bad person.

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5.0
Jul 2, 2026
Recommend
CEO approval
Business Outlook

Pros

Great growth opportunities - lots of mentorship

Cons

General big company challenges - hard to be seen

5.0
Aug 4, 2014
Recommend
CEO approval
Business Outlook

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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