Life at Deloitte
Student opportunities in Restructuring Services
This is an opportunity to work with high net-worth individuals, corporates and private equity clients, and play a truly consultative role at the heart of major - and often high-profile - transactions.
Restructuring Services (“RS”) provide a vast range of services to clients for companies in financial distress. Deloitte may be working either on behalf of the Corporate (e.g. the directors) or Creditor (e.g. a bank). The services provided come under the headings of Advisory, often in the form of reports and financial reviews, or Implementation (insolvency), for instance the administration of a company.
BrightStart scheme - Niamh's story
What work would you get involved in on a day to day basis as a school leaver in your team?
When working in Implementation, there are a number of tasks to complete. Common activities may include making and receiving payments for the company, corresponding with employees, HMRC, landlords and suppliers and reporting on the company and directors, often working closely with Deloitte Tax and lawyers.
Advisory jobs are usually undertaken by small teams with substantial senior involvement. Junior members of the team are likely to assist with analysing financial information provided by the company, corresponding with directors and creditors and preparing the reports.
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What learning and development opportunities are on offer to a school leaver joining your service area?
As well as studying for the ACA, working in RS and the training that comes with it will give you an insight into debt and lending, the opportunity to work within a variety of sectors, and fundamentally, an understanding about how companies are both run and financed, particularly when insolvent.
I’m a parent/teacher of a student considering the scheme. Why should my child/student choose a school leaver scheme over going to university?
The school leaver scheme at Deloitte negates the primary concern for students who are academically capable enough to achieve a great university degree but who are prepared to start work immediately by including the ACA qualification. Once the scheme is complete, school leavers will be Chartered Accountants earlier and with more experience than peers they attended school with. Of course Brightstarts are paid well and aren’t burdened with student debt!
The same quality of work is expected from Brightstarts as from graduates allowing for the same development. There is a fantastic support network to help them make the transition to the corporate environment and ensure their head start is taken advantage of to the full.
What type of project could a school leaver work on in your team?
The sale of a company in administration including c.90 sites. The company was traded by Deloitte for over two and half years prior to the sale, so we had well established relationships with the lawyers and property agents having already sold over 100 sites individually. The sale included dealing with tenant issues, tax and VAT considerations, providing the purchaser with information on the operations and finances and reviewing contracts.
What support will I get from the firm as a school leaver?
On joining, you will be assigned an appraiser who will give you guidance and support for the direction of your career in RS. You will also have a buddy who will be your initial point of contact for any queries you might have, whether it’s about your college timetable or joining the gym.
When you start, you will attend a school leaver induction where you will get to know people on the scheme in other departments across the firm followed by a Financial Advisory induction to welcome all new joiners to the service line. This ensures you will have no shortages of people to turn to and friendly faces in the lift.
What social activities could a school leaver get involved with?
RS is a very sociable department with a large number of internal and external marketing events, including Deloitte Quarterly Network with junior clients, quarterly pod events with other members of RS and regular targeted marketing events with clients such as lawyers and lenders. There are also Financial Advisory Associate Committee events every month, the Christmas party, Away Day and completion dinners as well as regular informal Friday night drinks.
Less predictable activities include cricket, football and most recently, netball for the sports people amongst us. We encourage charitable activities wherever possible with Corporate Social Responsibility days, half marathons, bike rides and the annual dragon boat race! If there is something in particular you want to set up, feel free to start organising!