PracticePeople In PracticeBig Four loan deals to lure graduates

Big Four loan deals to lure graduates

Record number of graduates join the profession as Big Four offer students more incentives than ever

The Big Four are offering university students more incentives than ever to
accept jobs, sparking a record number of graduates joining the profession.

Interest-free loans have more than doubled over the last two years throughout
the Big Four, from around £3,000 to an average of £7,000 in 2005.

PricewaterhouseCoopers will see its first 50 ‘gap scholar’ graduates, who
have benefited from a ‘non-repayable’ fee of £1,500 each year join in 2006,
while Deloitte is offering students an interest-free loan of £1,000 up to 18
months before graduation.

Sarah Shillingford, head of graduate recruitment at Deloitte said: ‘Students
must first sign a contract but it allows them to defer entry to the firm and use
the money for a gap year or to reduce debt before joining.’

Gary Watson, managing director of the finance division of recruitment company
Michael Page, said the Big Four were also being forced to ramp up incentive
packages in order to retain key staff, including sabbaticals, MBA funding and
benefits.

Don’t miss the
Accountancy Age
Careers Fair
on 30 September and 1 October.

Related Articles

Mental Health Awareness Week: How organisations can help ensure good employee wellbeing

People In Practice Mental Health Awareness Week: How organisations can help ensure good employee wellbeing

6d Reafad Rahman
Mental Health Awareness Week 2018

People In Business Mental Health Awareness Week 2018

6d Accountancy Age, Reporters
Accountancy Age 35 under 35 2018 – last chance to enter!

People In Business Accountancy Age 35 under 35 2018 – last chance to enter!

1w Emma Smith, Managing Editor
Women in Finance: is the future of finance female?

People In Business Women in Finance: is the future of finance female?

2w Emma Smith, Managing Editor
Mazars announces two partner appointments, increased fee income growth

People In Practice Mazars announces two partner appointments, increased fee income growth

1m Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
RSM appoints two new regional managing partners

People In Practice RSM appoints two new regional managing partners

1m Alia Shoaib, Reporter
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

1m Alia Shoaib, Reporter