Deloitte, LLP, which was named “#1 Private Company for Leadership Development” by Chief Executive magazine early this year, sponsors a variety of competitions that provide learning opportunities for college students and bolster the firm’s recruiting efforts.
In January, a team of University of Wisconsin students went up against eight finalist teams from other colleges and universities to win the “Deloitte FanTAXtic” national tax case study competition. In its thirteenth year, this interactive case study competition is aimed at familiarizing students with the tax profession early in their careers. The competition includes case simulation, role playing, and presentations.
“This competition provides students with an opportunity to participate in real-life scenarios that are common in today’s complex business environment,” said Carl Allegretti, chief executive officer, Deloitte Tax, LLP.
“The enthusiasm and depth of talent represented on these collegiate teams is inspiring and speaks well for the future of our profession.”
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“Our goal is to offer an interactive approach to learning that challenges students to apply the knowledge and skills they have acquired in the classroom to a practical tax issue,” said Carol Lindstrom, president, Deloitte Foundation.
In Deloitte’s fourth annual National Case Competition, a team of Columbia University students recently bested 14 other finalist teams from top MBA programs. The teams had 10 hours to analyze a complex business issue for Firestone & Robertson, an independent whiskey and bourbon distillery in Fort Worth, Texas, and create detailed marketing, branding, and growth recommendations.
“Today’s global organizations are operating in an environment of unprecedented change. It’s imperative that we help build a pipeline of talent ready to face the challenge,” said Mike Canning, national managing director for Deloitte Consulting, LLP’s Strategy & Operations practice and a competition judge.
“Watching these students tackle a complex problem in a compressed time frame was incredibly inspiring and gives me all the more confidence in our future and in the business leaders of tomorrow.”
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“We’re passionate about grooming the next generation of business leaders. This program is a great way to give students real-world exposure and bolster their in-classroom learnings,” said Lindstrom.
In the inaugural “MBA Technology Innovation Challenge” virtual case study competition sponsored by Deloitte and Target® early this year, a team of students from the University of Southern California Marshall School of Business won top honors.
Student teams had had 2 weeks to develop strategies to help transform Target’s business model and create a 3- to5-minute video to pitch their recommendations. The winning team suggested that Target enhance guest relationships through gamification, personalization, and loyalty rewards.
“We designed the competition to engage first-year MBA students and introduce them to Deloitte by asking them to tap their strengths—their business acumen and knowledge—to develop innovative solutions for a real client issue,” said Bill Briggs, director and chief technology officer, Deloitte Consulting, LLP, who also serves as technology practice recruiting leader.
Members of the winning team earned an automatic invitation to the final round of summer associate interviews with Deloitte Consulting’s Technology practice. “Deloitte’s approach to recruiting entails building deep relationships with top talent through interesting and fun campaigns,” said Patty Pogemiller, talent acquisition and mobility leader, Deloitte Services, LP.
“The MBA Technology Innovation Challenge is a great way to demonstrate to students our strengths-based and high performance culture.”