Kellogg | Mr. Big Beer
GMAT Waived, GPA 4.0
Harvard | Ms. Indian Quant
GMAT 750, GPA 7.54/10
Darden | Mr. Corporate Dev
GMAT Waived, GPA 3.8
Duke Fuqua | Mr. CPA To Finance
GMAT 700, GPA 3.5
Wharton | Mr. Big 4
GMAT 770, GPA 8/10
Wharton | Ms. General Motors
GRE 330, GPA 3.2
Stanford GSB | Mr. Venture Lawyer
GRE 330, GPA 3.4
Wharton | Ms. Project Mananger
GMAT 770, GPA 3.86
Stanford GSB | Ms. Digital Health
GMAT 720, GPA 3.48
Yale | Mr. Philanthropy Chair
GMAT Awaiting Scores (expect 700-720), GPA 3.3
Stanford GSB | Mr. MBA Class of 2023
GMAT 725, GPA 3.5
Foster School of Business | Mr. Construction Engineer
GMAT 710, GPA 2.77
Ross | Mr. Stockbroker
GMAT 700, GPA 3.1
Harvard | Mr. Harvard Hopeful
GMAT 740, GPA 3.8
Stanford GSB | Mr. LGBTQ
GMAT 740, GPA 3.58
Kellogg | Mr. Risky Business
GMAT 780, GPA 3.5
Kellogg | Mr. CPA To MBA
GMAT Waived, GPA 3.2
UCLA Anderson | Mr. Southern California
GMAT 710, GPA 3.58
Harvard | Ms. World Explorer
GMAT 710 (aiming for 750), GPA 4.33/5
Ross | Mr. Brazilian Sales Guy
GRE 326, GPA 77/100 (USA Avg. 3.0)
Kellogg | Ms. MBA For Social Impact
GMAT 720, GPA 3.9
London Business School | Mr. Consulting To IB
GMAT 700, GPA 2.4
Berkeley Haas | Mx. CPG Marketer
GMAT 750, GPA 3.95
NYU Stern | Mr. Washed-Up Athlete
GRE 325, GPA 3.4
Kellogg | Mr. White Finance
GMAT Not Taken, GPA 3.97
MIT Sloan | Mr. NFL Team Analyst
GMAT 720, GPA 3.8
Stanford GSB | Ms. Russland Native
GMAT 700, GPA 3.5

Deloitte MBA Hiring Up 50% This Year

Deloitte LLP’s hiring of freshly minted MBA graduates will rise this year by a whopping 50% to 400 in the U.S. alone from 270 last year, according to Deloitte officials. The professional services firm also plans to increase its MBA summer interns by 45% to 200, not including interns in a new Deloitte program aimed at newly admitted applicants to top B-schools who haven’t even become MBA students yet. All these numbers are from the company’s on-campus recruiting program. Actual hires of MBAs are likely to exceed these totals.

The large increase in demand for talent from one of the world’s major hirers of MBAs is being fueled by significant growth in Deloitte’s consulting business. Deloitte, which has an aggressive MBA campus recruiting program, is the second major player to significantly increase its hiring of B-school graduates this year. Boston Consulting Group earlier told Poets&Quants that it would hire 18% more MBAs this year.

“The numbers are completely confirmed,” says Angela Cherry, Deloitte’s national MBA recruiting head. “Looking ahead to our 2012 fiscal year, we are anticipating additional growth on top of that. Right now, a lot of our different businesses have a high demand especially for the expertise an MBA can provide. Business is hot.”

In anticipation of the company’s increased needs, Deloitte launched an innovative program to offer summer internships to students before they even show up on a B-school campus. “Not only are we looking at first- and second-year students, but also newly admitted MBAs,” says Cherry. “We’re trying to create relationships earlier than we have had in the past.”

The “Deloitte Consulting Immersion” program includes a four-week summer internship with Deloitte before they begin their MBA. The new admits also are invited to a three-day summit, held last year in Chicago, to learn more about the consulting business and job networking. Cherry said Deloitte plans to expand the program this summer.

The effort to reach out to newly admitted applicants even before they become students is, in part, a reaction to the increased competition to hire MBAs as the economy has improved. “We’re seeing a lot of other employers back in full swing on campus, and students have multiple offers now,” says Cherry. “A few years ago we might have only seen students with one offer, and a lot were graduating without any offers. Now it’s common for candidates have to have multiple offers and options.”

Cherry said Deloitte used its relationships with several diversity organizations, including MBA JumpStart, Forte, and the Consortium, to market the new immersion program to new admits. “We also partnered with some of our key schools and promoted the opportunity with admission offices,” she adds. The firm also debuted a micro-site to promote the program.

To bring aboard more MBA graduates, Deloitte also slightly increased “by a handful” the number of schools from which it actively recruits. Cherry says Deloitte is now doing campus recruiting at 40 different schools, ranging from Columbia Business School, where the firm hired a dozen MBA grads last year, to Berkeley’s Haas School, where it hired 11 MBAs in 2010. Other top schools that report Deloitte as a major recruiter include Kellogg (14), Michigan (11), Chicago (10), Wharton (7), Dartmouth (6), and Duke (6) (see table below).

Most of the MBAs Deloitte hires will go into Deloitte’s strategy and operations practice, Cherry told Poets&Quants in an interview. “MBAs are providing the types of services and backgrounds that we need to be successful. It’s an excellent source of talent. Because of our success with MBAs in consulting, some of our others businesses which hadn’t actively recruited MBAs have become interested in it as well.” Deloitte’s technology and human capital practices, for example, are increasing their hiring of MBAs, said Cherry.

The company’s increased demand required that it hold more on-campus case study workshops, coffee chats, one-on-one informational sessions, and sponsorships of various student clubs and conferences. The firm has had to interview more MBA candidates and extend more offers to get the 400 full-time MBAs.

In addition to the new immersion program for admits, Deloitte also hosted for the first time a two-day national case study competition this year. The event, held in Miami in January, brought together top MBA talent from 14 business schools. The MBA teams competed for a prize pool of $50,000. “We’re trying some of these new initiatives because we know we need to continue to get the best talent at Deloitte and because MBA recruiting has become very competitive again,” says Cherry. “We’ve had to be more creative.”

See results below for the big MBA recruiters (An asterisk indicates that a company hired at least three MBAs. When a minus sign appears before a 3 and an asterisk it indicates the company hired fewer than three MBAs.):

CONSULTING FIRM HIRES OF 2010 MBAS FROM TOP B-SCHOOLS

 

FirmChicagoWhartonColumbiaKelloggDukeMichiganMITBerkeleyTuck
McKinsey244438327131576
BCG19432535861453
Bain151817174512NA9
Booz & Co.10111611265NANA
Deloitte10712146113*116
Accenture47NA7390NANA
AT Kearney7NA37NANA-3*NANA
Monitor GroupNANANA6NANA-3*NANA
CambridgeNANANA4NANA0NANA
LEK ConsultingNANANA4NANA-3*NANA
InfosysNANANA33NA3*NANA
Oliver WymanNANA3NANANA-3*NANA
ZS AssociatesNANANANA330NANA

SOURCE: Career Services reports from schools

 

About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.