Deloitte actuarial (Life & GI) is the worst team on earth - a sinking ship
Pros
Food on the table and oddly still, a "reputable" name on the CV.
Cons
I note this relates specifically to the actuarial team (which is Life & GI in one wider team though the two have dedicated staff to each), not wider Deloitte Consulting or other service lines: - No regard for individual career aspirations - you just get sent on any job to bring revenue in. - No training and development effort - have to self-teach to be able to serve clients. - No recognition for outperformance - pay is awarded at a cohort/grade level with no individual recognition or acknowledgement that some people work very long hours (e.g. if doing M&A) while some people work 9 to 6 (e.g. transformation jobs). - No clear path for promotions and annual outcomes - year-end review process is convoluted and outcomes (which we share with each other) are wildly inconsistent. - No transparency or honesty from the partners - people don't know what the department's strategy is, you can't get a straight answer out of anyone and career conversations with partners involve being told what you want to hear and then nothing happening. - No real study support - your contract entitles you to study materials and study time. Materials are paid for but study time is always cancelled so that you can work more and bring in revenue, meaning people are often given only 50% of the agreed days to study, making it hard to qualify. Put it this way - the team is losing clients, the team is losing people (turnover has been astronomical in the last year or two) and nothing is being done to turn it around. It's a sinking ship and the partners don't care. The talent partner quit and went to EY, the lead partner who used to swear at and verbally abuse people "left" for another internal team though no changes have resulted. Last year, the new analysts were told by the lead partner that they were lucky to even have jobs. They will sell you the usual dream in interviews and marketing but it's lies, my friends. Lies. Look on LinkedIn for former employees who have left in the last couple of years and they will all tell you the same thing (and also that they would not be willing to give the team work, when now working at clients).
