What is It Like to Work in Internal Auditing at Deloitte

Internal auditing is a critical function in the finance and compliance landscape of major corporations, and one of the Big Four firms, Deloitte, offers a robust platform for those looking to start their careers in this field.

Jumpstart Your Career in Internal Auditing

For recent college graduates, working in internal auditing at Deloitte can be an excellent opportunity to kickstart a career. The experience you gain will be invaluable, providing insights into how major client companies operate from the ground up. This knowledge extends far beyond financial statements, giving you a comprehensive understanding of real-world business operations.

Specialization and Future Opportunities

During your time at Deloitte, you will have the chance to specialize in a specific industry. This specialization is particularly valuable as it can significantly influence your future career path. Whether it's healthcare, technology, retail, or any other major sector, gaining industry-specific knowledge early in your career can open doors to various opportunities in the future.

Challenges and Career Pathway

While the benefits of working in internal auditing at Deloitte are numerous, it is important to recognize the challenges that come with this role. One of the primary issues is the lower profit margins associated with core internal audit services. This can impact the path to partnership through internal auditor roles, making it a slow and challenging journey.

Cultural Considerations

The cultural aspect of Deloitte plays a significant role in both the opportunities and challenges you may face. The firm has a strong and rigorous culture that emphasizes integrity, innovation, and high performance. Understanding and embracing this culture is crucial for success. Additionally, the tight-knit nature of the Deloitte network can either provide support or create additional pressures, depending on your personal style and adaptability.

Opportunities for Growth and Networking

Despite the challenges, internal auditing at Deloitte offers ample opportunities for professional growth and networking. With exposure to diverse projects and clients, you can build a wide network of contacts that can be valuable for your career progression. Participating in various training programs and mentorship initiatives can also help refine your skills and broaden your horizons.

Key Takeaways

Starting a career in internal auditing at Deloitte can provide a solid foundation for a wide range of future opportunities. A specialization in a specific industry is beneficial and can shape your long-term career path. The lower margin business model of core internal audit services can pose challenges to the path to partnership. Embracing the firm's culture and leveraging networking opportunities are critical to success.

Conclusion

The experience of working in internal auditing at Deloitte is multifaceted, offering both significant benefits and challenges. For those passionate about finance and eager to learn about real-world business operations, Deloitte can be an excellent starting point. However, it is important to be aware of the potential difficulties and to approach the role with a clear understanding of the hurdles and growth opportunities.

Additional Resources

Internships at Deloitte Deloitte's Corporate Cultural Values Training and Development Programs at Deloitte

For more information about career opportunities at Deloitte and the internal auditing role, explore the resources provided above.