While it goes with out saying that every internship is specific, there are some points of commonality between internships at EY, Deloitte, PwC and KPMG. The workloads may also vary – but the emphasis on training is massive.
When it involves the hiring of interns, the Big Four tend to search for goal faculties and strong GPAs yet regularly prioritize cultural healthy over existing technical abilties, consistent with interviews and new survey effects from Vault.
The quiet end result is that a lot of the internship is centered around training – something inexperienced interns respect at the same time as a few others locate monotonously.
For instance, undergraduate summer time interns at KPMG will spend a complete week doing a countrywide off-website training in Orlando, Florida before they even get began. Second-yr students who are selected to be a part of Deloitte’s “Discovery” internship application might be invited to a three-day national conference at Deloitte University throughout the summer time months.
“Training right here is too fashionable at the beginning; I suppose it might be better to have greater personalized or at least departmentalize the schooling as it can be very specific depending at the organization you figure in,” said one former PwC intern. This is a commonplace complaint amongst individuals who know the enterprise line wherein they’d like to paintings, though interns who need access to a couple of opportunities see more complete schooling as a plus.
After schooling week, KPMG interns will spend half of-of the summer operating in audit and the other half of in either tax, advisory or commercial enterprise enablement offerings. Deloitte’s sophomore interns will rotate throughout of the firm’s 3 essential commercial enterprise traces: audit & guarantee, chance, and financial advisory, or tax. “The internship is all about figuring out what you need to do lengthy-time period and setting your self in front of the human beings that run the group,” stated a former Deloitte intern in New York who is now with EY. “Use all the networking occasions in your benefit.”
You’re probably to be overworked. Or bored
Depending on your university, you could intern at one of the Big Four at some stage in the summer or during your junior 12 months. The gain of a summer internship is that it’s during the gradual season at audit and tax firms; there are fewer paintings and greater time for training and mentoring. But this frequently leads to “monotonous,” “tedious” and “dull” assignments that may be repetitive and forward-questioning, in place of essential consumer work, in step with Vault respondents.
Meanwhile, interning for the duration of the busier winter months is enormously stressful and comes with long hours, which can be mitigated particularly in case you are hired on an hourly charge, as is the industry norm, and are eligible for time beyond regulation. Most Big Four interns are recognized to make $30 consistent with an hour and up. A former KMPG intern stated that at the same time as the in-semester internship changed into a endure, it furnished more hands-on paintings enjoy and the capacity to make closer connections with present-day employees. “The companies are huge. You can wander off at some point of the summer and now not get whatever out of it,” she said.
Consulting gigs mirror “complete-time” work
Like all companies with a consulting exercise, the Big Four look to MBA packages to fill a number of the seats within their advisory practices. But they hire undergrad students as nicely. Those who interned as specialists at EY, Deloitte, PwC, and KPMG have been normally extra constructive approximately the revel in than those who simplest labored in tax and audit. Consulting interns stated they frequently worked on important obligations, interfaced with customers and top control, and even traveled to customer web sites.
“It was correct to experience tour however that also meant that I become no longer round for internship occasions,” stated a former Deloitte intern.
The fine manner to excel
Both former Big Four interns who we interviewed in conjunction with a plethora of Vault respondents all supplied the identical piece of recommendation for students. Take a class in Microsoft Excel and emerge as-talented as viable before beginning your internship. Knowing Excel “can place you miles beforehand of the competition” as you’ll have the ability to finish work assignments that others can’t, according to the previous PwC intern.