Tag Archives: financial services

How I got my job – Financial services, Audit at Deloitte

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Source: GotCredit

Economics and Politics student Tom talks about how he landed his position in Financial Services, Audit at Deloitte.

The Role

Working in Audit in the Financial Services industry means providing advice on financial reports of banks, insurance firms and investment managers. The purpose is to inform the senior management and other stakeholders on whether the information presented in their financial information is accurate and up to date.

Deciding a career path

After finishing second year I still didn’t have any great idea of what I wanted to do after graduating. I had been rejected by most of my internship applications for that penultimate summer so I wasn’t feeling hugely optimistic! I knew I wanted to work in finance and fortunately, I managed to secure an internship with a charity in their finance department over summer. During summer, I had a look at loads of different career paths and spoke to family and friends who worked in Finance to get an idea of what would suit me. Eventually I decided that I wanted to start my career in Professional services, this refers to roles in Audit, Tax and Consultancy. Compared to banks and investment management firms, professional services firms hire far more graduates and offer better training opportunities. The prospect of being paid to take a professional qualification was an attractive one, particularly with such a competitive job market in the finance industry; it also opens a lot more doors later in your career. Deloitte offers a huge amount of training and development opportunities in all their different service lines.

Why Audit and why Deloitte?

It goes without saying that Audit isn’t exactly the most exciting job in the world! Saying this though, in your first three years you spend a lot of time in college revising for your ACA. Having spoken to friends in the industry, everyone said the same thing, ‘get your professional qualifications and go from there’. Compared to other areas in professional services, audit provides you with a breadth knowledge about every aspect of a firm, something that will no doubt be invaluable for the rest of my career. Despite part of me dreading another three years of exams, I know it will be a completely new challenge which is an exciting prospect.

My key goal was to get a job at the ‘Big 4’, particularly Deloitte. I’d attended open evenings and career talks at a number of firms but the Deloitte evening in their Leeds office really sold it for me (I would recommend going- there’s free food and booze). On a serious note though, all the graduates I spoke to seemed down to earth and Deloitte are a huge global brand, offering so many opportunities to travel or move around internally within the business.

The application process

Like most grad jobs, the application process is long and quite tedious! Professional services firms all follow a similar structure. Personal info, followed by a few longer questions about you, your experience and why you want to work there. For Deloitte, I also had to do a personality test which assessed you on areas like determination, risk taking ability and accuracy. After this, you go through the psychometric tests (numerical, logical and verbal reasoning). I found these challenging but there are so many resources to give you a hand; I would recommend using www.assessmentday.co.uk and any packs that the Careers Service have.

Interviews and Presentation

Next up was the interview stages. Deloitte was the only ‘Big 4’ firm that didn’t require a telephone interview which made the process slightly easier. For my other applications, the telephone interviews were competency and strength based. I’d recommend focusing all your answers on the firms’ values and make the most of people’s comments on websites such as Wikijobs and Glassdoor, where people talk about their interview experiences. Most of the time you can pre-determine what questions come up. Whilst the interview was taking place, I would have flash cards on my wall with brief points on for all the different potential questions.

The next stage was the Assessment Centre, once again it was a different format to the other ‘Big 4’. I was given a case study of a few different investment options and had to pick which one I would go for, given a few different situations. I then had a one on one interview whereby I was questioned on the case study and had to explain a few calculations. After this, the interview was quite casual and followed a similar competency/ strength based format. The other Big 4 interviews are slightly more formal. For PWC, you first do a written exercise, then redo numerical and logical tests and finally do a group case study.

The last few stages move along a very quickly and I was soon asked to come in for the presentation and final interview stage. 5 days before the presentation I was given a topic that I needed to prepare. You are given a fair amount of detail for what they want from you. The best advice I’d give is to draw all your points back to why your topic is vital and relevant for a firm like Deloitte and make sure you show your knowledge of both general current affairs and any news that relates to the company. After the presentation, there was about 10 minutes of questions and then another round of strength based questions, mainly questions like ‘give me a time when you have demonstrated…’

Advice?

Apply early!!! Applications are time consuming and grad/ intern spaces fill up very fast.

Don’t rush applications- get people to check them.

Attend open evenings and talks- you can sign up through the Careers Centre website. Mentioning that you made the effort to go to these events and dropping some names looks great on your applications and later interviews.

Utilise friends who work in the industry to give you tips on the process and the kind of people that the firm like to hire.

If you can, enrol in the Career Development module, I can’t emphasise how much it helped the application process.

Good luck!

Making applications? Don’t forget to check out the applications information on our website, or book an appointment for further application and interview guidance.

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Technology Jobs in Leeds: Choosing the Right Career Path for You

6406Keen to stay in Leeds? Have you considered the vibrant technology sector in and around the City? In this guest post, Mark Bradford, Marketing Executive at STEM graduates talks you through some of the key areas of the digital industry in Leeds. Whilst this post highlights technical roles, remember that these sectors will also recruit people across all areas of their businesses.

Sometimes it can be hard to remember that not all roads lead to the capital, especially when considering London’s prominence as a world-leading centre for the technology sector.

Leeds however, is home to an extremely diverse digital industry, with over 45,000 inhabitants employed within the sector and a further 7.28% growth being forecast between 2013 and 2020.

If you pair this with the city’s relatively low cost of living and vibrant cultural scene (which I’m sure you’re sampling), then Leeds presents an ideal platform for graduates looking to break into the technology industry. Continue reading

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Getting into Banking and Investment

Want to get in to Investment or Banking? In this blog our Careers Consultant, Jessica Henderson, offers her advice on how to get in to this highly competitive sector.

banking

What is it?

Banking and investment represents a large and complex sector with many different roles and functions.  To quote:
“Banking and investment is all about making money work as hard as possible: it’s invested, borrowed and loaned in a whole host of different ways”
Targetjobs, City & Finance 2013, Edition 18 (copies available in the Careers Centre)  Continue reading

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Unorthodox job-seeking strategy pays off for Leeds Graduate

You may have seen this article in Leeds Student last November about the unusual tactic Leeds Graduate Giles Metcalfe used to land his ideal job.  We wanted to know more and contacted Giles who has kindly written a guest post for us below, including his advice for current students or other graduates. Giles also blogs at Cromer Terrace.

Giles Metcalfe Continue reading

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