Audit in Deloitte careers blog
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First it was the opportunity to do a qualification. Then when I attended campus events it was the people that I meet from Deloitte. They were the most personable.
While I had not studied accounting at university, I did enjoy studying it at school and was interested in getting into an accounting based role. The key points that stood out for me about Deloitte were:
Why did you choose Deloitte?
When applying for jobs after finishing university, Deloitte jumped out due to its excellent reputation as a graduate employer. I researched the company and the career opportunities offered and found it an enticing prospect with high standards of quality and professionalism along with great opportunity for career progression.
Deloitte is a global, reputable brand with a reputation for attracting great people – I thought working here would be enjoyable. It has also allowed me to attain a professional qualification.
We caught up with our very own Jess Holden on what work life is like as a Graduate in Audit & Assurance and the experiences she has been through so far. Jess graduated from Durham University with combined Honours in Arts (History and Economics) in June 2016. She joined Deloitte in September 2016 and is currently based in our Edinburgh office.
Why you got involved/what interested you into joining SID?
As a first-year student emerging from semester one, I had little clue as to what I wanted to do with my future so the opportunity to apply for a spring program where I could experience a professional atmosphere without having to determine a set career path was excellent. Deloitte appealed to me, particularly, because of their well-organised career events as well as the enthusiasm and helpfulness of the professionals who came along to them. I applied to ‘Spring into Deloitte’, thinking my experience would entail some teamwork exercises and perhaps a tour of the office but I honestly did not expect to leave feeling as inspired and motivated as I did, after just two days.
Exam time can be a challenging period for a lot of students. Different students deal with it in different ways. We asked three of our BrightStart school leavers (Devon, Michael and Angharad) and one of our graduates (Nayema) how they got through it. Here’s a summary of what they said. Stand by for some invaluable tips!
Having been through exams yourself, what would be your best tips for someone who’s about to take them?
Start revising early. It gives you the chance to plan properly. It gives you time to spot gaps in your understanding and ask teachers or lecturers for help. It gives you the best possible chance of walking into the exam room feeling prepared and confident. It might be tempting to have fun now and revise later but the benefits of revising early are endless.
Practising past papers is also crucial. It’s no good memorising the entire syllabus if you can’t perform in a practical scenario. Practising papers under timed conditions will help you understand what the exam will be like on the day, and that’ll take some of the pressure off you.
Sounds cheesy, but DON’T PANIC!! A bit of pressure is good to motivate you to revise beforehand. But when it comes to the actual exam, you’re so much more likely to remember those little things you forgot to look over if your head is calm.
At Deloitte, how do you manage your time between work and revision?
Generally, work time is for work. And study happens around that, mostly at weekends. Waking up a little earlier at weekends and doing a couple of hours of solid revision really helps.
Deloitte’s study days are also brilliant. We’re allowed to take a number of days as study leave every year, so that’s a great way to take some time off just before exams to prepare.
What would be your three top tips for staying calm throughout the exam period?
- Don’t just revise. Make sure every day has some non-exam chill time. Go for a long walk. Watch a movie. Take up a hobby. Do anything that gives you some head space.
- Talk to people. As clichéd as it sounds, talking to other people who are doing the exams will help you realise that you’re not alone and that other people may be finding it hard too!
- Eat and sleep normally. As tempting as it is to stuff your cheeks with chocolate, drink copious amounts of Red Bull and stay up until 4am cramming as much into your brain as possible, the caffeine rush that keeps you awake isn’t going to last forever and will leave you exhausted and with a headache – not ideal exam conditions.
What would be your top tips when it comes to time management around exams?
It’s all about planning your weeks in advance. See which days you can realistically fit revision in and stick to that schedule. Also, give your phone to someone else while you’re revising. You might actually get some work done!
Don’t forget to take breaks. It’s best to work for an hour or so, then take a 10-15 minute rest. Also, don’t waste too much time going over topics you know well. It’s better to know 5 topics well than 3 topics excellently and 2 topics not very well.
Have you got any tips for university students in the final stages of completing their dissertations?
- Get as much advice from your mentor as possible. Make sure you arrange as many one-to-ones as you can.
- Get someone to properly proofread your work and double check that your structure is logical.
- Focus on having a strong first half, but an even stronger second half. People often concentrate on getting the beginning right, but the findings/conclusions can really make or break a good dissertation.
Work/life balance is important during exam time. What do you do to avoid getting too stressed?
Having a plan definitely helps. If things get intense, plan your weeks and then prioritise your daily tasks each morning.
Make sure you remember to take some time out. Exercise is great stress reliever. And even just spending a few hours reading a book or seeing friends can make a big difference.
Situated in the heart of Britain’s IT corridor, the Reading office presents fantastic opportunities for graduates interested in developing careers working with a truly diverse client base. Our people find themselves in a unique position where they are provided with the opportunity to work with a variety of companies ranging from the largest FTSE 100 and Fortune 500 brands to privately owned fast moving entrepreneurial business across all industry sectors. Our globally diverse client base provides our graduates with opportunities to coordinate with our other UK as well as global offices, thereby assisting their development as a 21st century professional.
The Reading office is the largest office outside London and has around 600 people working across all four of our service lines (Audit, Tax, Consulting and Corporate Finance). This means the opportunities to learn and grow are endless.
We encourage our people to work with their counterparts in other service lines right from the start of their career with us. We offer office-wide initiatives to promote networking to help develop business and professional skills vital to everybody’s success (which also leads to developing some lifelong friendships!).
New joiners can expect a wealth of support upon joining Deloitte. Every new joiner is paired with a ‘buddy’ who mentors and offers support in the initial weeks and months. There are regular training sessions and constant professional development is encouraged and delivered across the grades.
Aside from the fantastic professional development opportunities, Reading is at the forefront of leading our Corporate Social Responsibility projects. We have both formal and informal charity support arrangements in place. We encourage our people to actively participate in such opportunities and the firm allows each individual to spend 3.5 hours each month specifically on community investment projects. Our office often participates in “Community Investment” days – where the whole office spends a day with a number of different charities in the region doing things like painting, gardening and building – just giving something back to our local community. Our people also have the opportunity to participate in a number of nationally acclaimed charity events – be that the annual Paralympic “Ride Across Britain” event or climbing Kilimanjaro!
Given the unique size of our Reading office, each graduate is presented with the fantastic chance to gain greater exposure to senior members of teams and therefore enable them to interact and gain experience from them on a regular basis. As a firm we are supportive of agile working and our people are actively encouraged to take advantage of the flexibility the firm offers us
The Reading office is the ideal place of choice for anyone looking to explore differential opportunities within the Big 4. Our size and breadth means that we can offer an unparalleled opportunity to all of our people to professionally develop in a way that’s personal to them – allowing each individual to achieve their career and life aspirations.
Anita is the Partner leading the SE Executive Remuneration team and has been advising remuneration committees and companies on reward strategy, share and incentive scheme design, and developing tax efficient and commercially effective pay structures in the UK and many other jurisdictions for over 15 years.
This is the first of a series of blogs that I am writing to give prospective joiners an idea of what life is like during the first few years of the Deloitte graduate scheme. A new blog will be posted every month, each with a different theme and perspective, and you can keep up to date with my new postings by following the graduate careers team on Twitter: @DeloitteUKgrads and Facebook: www.facebook.com/yourfutureatdeloitteuk
This first blog aims to give you a taste of what a month at work is like for me by taking you through my experiences in the past four weeks.
First taste of managing
I have just been given the results of my last professional stage exams. I’m relieved to have them out of the way, but its straight back to work! November started with a few days returning to a big retail client.
It was my first experience of mentoring a new joiner, a fresh responsibility for second years that involves answering lots of questions and making sure that they leave on time for the evening’s exam prep.
There have also been plenty of other opportunities to meet some of the new joiners in our buddy group meetings and department socials. The buddy groups combine four people from each year group together and the group leader organises regular socials in the bar below the office.
Another new experience that week was working directly with a partner to finish an audit from October of a small subsidiary company. As it isn’t normally the task of a second year to finish an audit file, this was a steep learning curve!
The next three weeks were split between audits at a law firm, a restaurant group and a marketing company in the heart of the city. At the marketing company I enjoyed developing a good working relationship with the FC by discussing what the key challenges and opportunities are for them and their strategy going forward.
It’s not all about work
It’s been far from all work and no play in November. The bi-annual pub quiz took place, and in a team of my intake we showed that we still had a lot to learn on our general knowledge beyond sports and geography. A few beers definitely helped to console our poor performance!
A few days later, having a meal at a Peruvian restaurant was an excellent way to celebrate the end of a demanding summer job, and a good chance to relax with colleagues outside of the audit room.
Deloitte has a wealth of social club and sport opportunities to get stuck into and meet people beyond the department. November saw the final mixed hockey match of the year at Battersea Park in fog so thick you couldn’t see the other side of the pitch.
Playing hockey with other departments and against other companies has been a great way to meet new people over some pizza and beers in the local pub afterwards. The hockey team is now looking forward to defending the annual Corporate Games trophy in June.
Ross graduated from the University of Bath in 2013 with a master’s degree in Mechanical Engineering. Having worked as an engineer in two aerospace companies, he decided to pursue a career in accountancy following his degree for a different challenge with excellent future prospects. Following a brief summer of travelling in South East Asia, he joined the London audit office as a member of the Consumer Business corporate group. Since joining, he has passed the first 12 exams of the ACA qualification and works with clients across London and the South East in a variety of industries including retail, manufacturing, professional services and marketing.
Hello again. In the latest in our series of blog posts inspired by insight from our Chief Economist Ian Stewart, we look at how business confidence is putting recruitment of talent back on the boardroom agenda.
The UK economy has delivered many positive surprises in recent months, with the latest GDP data showing that output was 3.1% higher in the first quarter of this year compared to a year earlier. This represents the fastest pace of growth since before the financial crisis, and has beaten most economists’ forecasts for growth.
These strong output numbers have reflected many of the results we have been seeing in our CFO Survey recently. Risk appetite among the Chief Financial Officers of the UK’s largest companies rose to a six-and-a-half year high in the first quarter and our index of economic and financial uncertainty has fallen by a third over the last year.
Encouragingly one of the biggest improvements we have seen recently can be found in CFOs expectations for the jobs market.
In the years following the financial crisis CFOs have been fairly pessimistic about the outlook for new jobs in the UK. Between the third quarter 2010 (when we first started asking CFOs about their views or hiring) and the end of 2011 an average net -16% of CFOs believed that UK corporates’ hiring would rise in the following 12 months. Over the same period only a fifth (+19%) of CFOs thought there would be a rise in hiring, compared to more than a third (+37%) who thought hiring would be scaled back.
Pessimism about hiring peaked at the end of 2011, when a net of -71% of CFOs thought hiring would fall in the following 12 months. Astonishingly, not one of the CFOs that we surveyed in Q4 2011 thought employment would rise in the following year.
The views of these CFOs – who typically represent around a third of the UK equity market – were borne out by the employment numbers that followed. Throughout 2012 employment growth fell steadily. Year-on-year growth in employment fell from 1.4% at the beginning of 2012 to a low of 0.1% at the start of 2013. A total of 206,000 workforce jobs had been lost through 2012.
The good news is that our CFOs expectations for hiring have changed in a big way in the last year. Optimism about hiring reached a peak in our latest survey, for Q1 2014. A net +81% of those surveyed believe UK corporates’ hiring will increase over the next year, with an average reading of +58% for this indicator over the last four quarters.
So far the recovery from the financial crisis has not been driven by businesses investing in hiring new staff, capital expenditure or discretionary spending. The fact that CFOs are now so bullish about expanding workforces in the next 12 months bodes well for the UK jobs market and for the sustainability of the recovery we are seeing in GDP.
You can keep up to date with the economy as it shifts by subscribing to the Monday Briefings at http://www.deloitte.co.uk/mondaybriefing
And of course, we'll have another in our series of Economics & Employment blogs to share shortly.