Company: Deloitte
Date: 2020-12-08
Overall rating: 3/5
Employment status: current
Experience level: Junior

Not Bad for Just Coming Out School, But Not a Sustainable Career
Pros: -Become financially independent (Be smart with your money. The starting salary of an Analyst seems like a lot when you sign the contract, but it quickly evaporates if you are not budgeting. Saving/investing your money and maintaining a low key lifestyle your first 2 years will allow you to make a decision about your future at the firm after your first promotion w/o money being a factor. This is true freedom

-Lots of learning opportunities (courses, certifications, etc.) that they'll pay for

-Exposure to different industries and skillsets are a great way to prototype your interests before investing in a Masters or jumping into a more specific career path/industry
Cons: TL;DR The firm's politics take priority over efficiency making it unsustainable to start a career here and stay.

Middle-level management and upwards typically did not "grow up" in the firm (start their career with Deloitte), so they think that anyone who is starting their career with such a "great name" should shutup and appreciate what they have. These folks likely hit the consulting revolving door amongst competitors (Accenture, Booz, EY, etc.) or came from smaller firms. I really don't want to care where someone was previously. If they're a great leader and a great teammate then the labeling should not matter. But that's just it. The labeling matters to these types of leaders and their pervasive attitude about the Deloitte name makes its way down to all levels of practitioners. Deloitte has a good reputation, but we must continually work to earn that reputation day in and day out - not coast on the idea that we're great just because we're too big to fail.

Instead of focusing on the transformational aspects of building a team and serving clients, these types of leaders focus on the transactional aspects of promotion, salary, and exposure to leadership. These cultural cons trickle into every aspect of the firm - making it unsustainable for someone who values the ability to create impact, solve problems creatively, and have more autonomy over our time to stay with the firm past 2-4 years. This creates a vacuum of leadership as most who start with the firm exit before reaching management (and thus the cycle perpetuates as management is sourced from people who did not grow up in the firm).