Less than thrilling news out of the Denver office of PwC as a source has filled us in the firm’s plans for tax graduate students:
“PwC told tax graduate students at the University of Denver that they werent [sic] hiring again until September 2011.”
We touched on this last month, as campus recruiters have found that their intern pipelines will end up filling their full-time budgets for the following year. We can only assume that students specializing in tax at the other schools that P. Dubs-Denver visits are being told the same thing. If you’ve got news on firms’ hiring expectations at your school, discuss or drop us a line at tips@goingconcern.com.
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Better Learn to Like that Intern
Time to give a little love to everyone’s favorite prank victims, the interns. The word on the street is that this year’s dinner delivery specialists at the major firms will serve as the major pipeline for next year’s fulltime hires.
According to our source, next year’s budgets for much of the audit, tax and advisory service lines for the Big 4 will be met if all of this year’s interns accept their offers. And unless they’ve all suffered serious brain injuries, we’re guessing they’ll be accepting those offers.
More, after the jump
What hell does this mean? Well, in years past, the firms have had large budgets to go back to campus and hire additional new staff in addition to the offers that they made to the crop of interns from the previous year. And just like merit and bonus pools, the hiring budgets have shrunk to the point of the absolute bare minimum. Why? Because no one is jumping from the sinking ship like in years past.
So for you interns out there, it sounds like if you’ve got an internship you better learn to love that firm because if you decide it sucks, finding a fulltime gig at another Big 4 firm will be next to impossible.
PwC Doesn’t Want Anyone That Isn’t Special
Denny keeps it pretty vague but we’re guessing he’s not talking about serving as captain of the Delta Chi beer pong team. If you’ve got other ideas on “special,” discuss in the comments.
[WSJ via FINS]
Deloitte Bankrolls Center for Ethical Leadership at Notre Dame
John Veihmeyer can’t be pleased by this.
The Notre Dame/Deloitte Center for Ethical Leadership will focus on advancing ethical leadership in business, including research, thought leadership and the dissemination of ethics-related content to the business community in the United State and around the world, the university announced Monday.
The center is being established with a major gift from Deloitte LLP, a private professional services company, according to the university. The amount of the gift was not disclosed.
Presumably portions of the curriculum will educate students on how to piece together your spouse’s new hobby with insider trading activity.