What it does: Deloitte India provides audit and assurance, consulting, financial advisory, risk advisory, and tax services for clients.
Best known for Deloitte India joins the Big Four group of auditing firms in India.
Staff stats: more than 15,000 employees at 14 offices in India
Financials: US$47.6 billion in total revenue for the fiscal year 2020
The good bits: Freshers don’t need to wait long before they can move up the corporate ladder. A promotion becomes possible once they gain at least two years of experience.
The not-so-good bits: Deloitte India may take up to five rounds to screen job applicants. The company also uses a tier system for colleges and universities to determine the job offer package.
Deloitte entered India in 1995 by founding Deloitte Touche Tohmatsu India LLP. Deloitte India initially operated in the country through an agreement with local auditing firm C.C. Chokshi & Co.
Deloitte India primarily conducts audit and assurance, consulting, financial advisory, risk advisory, and tax services for clients in six industries:
Deloitte India’s workplace culture attracts highly intelligent people who collaborate on projects by following recommended steps. In other words, it isn’t a place where out-of-the-box ideas are encouraged.
Despite the seemingly strict work procedure, the company’s policies prove that it’s effective based on several awards:
Deloitte India’s biggest competitors are other firms in the Big Four group: Ernst & Young, KPMG, and PwC.
In 2019, the Ministry of Corporate Affairs had sought to ban Deloitte India for five years. The ministry accused the company of failing to provide diligent and thorough auditing work for Infrastructure Leasing & Financial Services.
The Bombay High Court ruled in favor of Deloitte in 2020.
Deloitte India gives back to the community through its Corporate Citizenship program. For example, the company’s employees dedicate an entire workday for outreach activities in more than 500 locations in the country.
Other projects include the Deloitte Center for Leadership and Community, Employee-Giving program, pro bono services, volunteer work, and strategic donations.
Deloitte India hires skilled and talented freshers whose personality and work ethics align with the Deloitte culture.
While creativity in doing work isn’t advisable, freshers can take comfort in a relatively fast career progression. They only need to work for at least two years before potentially landing a promotion.
The firm has since expanded over the years with over 15,000 employees across 14 locations in the country.
Freshers should anticipate up to five rounds of screening after applying for a job online. Most candidates will go through two technical rounds, an English fluency test, and interviews with HR and hiring managers.
The first stage can either be an aptitude test or a technical interview. If it’s the latter, a candidate will answer questions from a two-person panel (usually Deloitte consultants) via in-person or phone conversations.
Those who clear the first technical round may engage in a group discussion with their peers. Deloitte India often provides a case study based on a real problem by the company. This round will test a person’s ability to work within a group.
Certain positions like consulting jobs may require another technical test instead of a group discussion. A Deloitte manager normally conducts the test and evaluates a candidate’s overall personality.
Insiders revealed that this stage is also an elimination round, so freshers need to take it seriously.
As the last stage before a potential job offer, the interviews make sure that a candidate is indeed the right person for the job.
Insiders said that Deloitte India categorizes colleges and universities into three tiers (ie Tier 1, Tier 2, Tier 3). This will partly determine the package offered to the selected candidate. The entire hiring process usually lasts for three to six weeks.
Most freshers begin as analysts when they join Deloitte India. The corporate hierarchy follows this usual structure:
An analyst works on different projects, often making and analyzing reports. They can only become a consultant after working for at least two years.
This role involves frequent meetings with clients and understanding what they need from Deloitte India. Consultants work for at least another two years before they can become senior consultants.
As a senior consultant, a person has some authority over other consultants by guiding them throughout a client-based project. Deloitte India has plenty of senior consultants who must meet budget and time constraints.
Deloitte India managers mostly handle administrative duties for their assigned departments or fields. Other tasks include instructions to subordinates and organizing corporate events.
Senior managers make sure that Deloitte India’s several departments function like a well-oiled machine.
Once freshers reach this position, they would have a significant role in the company’s decision-making process.
The salary bracket for freshers may range from INR280,000 to INR700,000. Insiders shared different benefits that may include:
A person’s academic background will affect their potential salary at Deloitte India. For instance, the company offers an INR650,000 annual salary to a selected candidate with a Bachelor’s in Technology or Engineering.