Deloitte Scholarship: Everything You Need to Know

With college costs continuing to rise each year, securing scholarships to fund your education is more important than ever. One scholarship opportunity that stands out among the rest is a Deloitte scholarship. As one of the world’s leading professional services networks, Deloitte offers numerous scholarship programs to attract exceptional talent and support those pursuing careers in high-demand fields.

Who is Deloitte?

Before diving into the specifics of Deloitte scholarships, it’s important to understand the organization itself. Deloitte refers to Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee. It operates through numerous individual legal entities around the world organized by geographic region. Some key details about Deloitte:

Founded in 1845 and headquartered in London, it is one of the oldest professional services organizations globally
Provides audit, tax, consulting, enterprise risk, and financial advisory services to public and private clients spanning multiple industries
Operates in over 150 countries and territories worldwide with over 312,000 employees
Generated $50.2 billion in revenue in fiscal year 2021, cementing its status as one of the “Big Four” accounting organizations
Deep commitment to culture, diversity, and inclusion with a focus on positively impacting society

Given its size, resources and high profile clients, Deloitte offers invaluable experience and opportunity for career and personal growth to scholarship recipients. Let’s examine the specific undergraduate and graduate scholarship programs available.

Undergraduate Scholarship Programs

Deloitte University Leadership Program

One of Deloitte’s most prestigious undergraduate scholarship opportunities is the Deloitte University Leadership Program (DULP). This highly competitive full-tuition and fees scholarship is awarded to 75-100 rising college sophomores each year. Students must be nominated by their school and go through an extensive application/interview process.

Some key aspects of the DULP scholarship:

Covers full standard tuition, fees, books, and required equipment up to predetermined maximums
Recipients spend ten weeks of summer interning at Deloitte between sophomore and junior years
Mentoring and leadership development throughout college with Deloitte professionals
Guaranteed job offer upon graduation in one of Deloitte’s service lines
Opportunity to gain CPA or other professional certifications while in college
Strong alumni network of over 3,000 DULP graduates
The prestige of being associated with an elite program

Community College Transfer Scholarships

For students starting their undergrad at community colleges, Deloitte offers transfer scholarships. These include:

Community College Transfer Scholarship – Awards up to $15,000 annually for the final two years of a bachelor’s degree after transferring from community college
Hispanic Community College Transfer Scholarship – Additional $5,000 award specifically for Hispanic/Latinx-identifying students transferring from community colleges

These scholarships ease the burden of completing a 4-year degree after initial community college enrollment. Transfer students receive the same prestigious internship, mentorship, and job placement benefits as DULP scholars.

Additional Undergraduate Scholarships

Beyond the headline programs above, Deloitte supports undergraduate scholars through:

Campus-specific merit scholarships awarded directly by Deloitte business units/practices
Scholarships for underrepresented groups, like the Native American Scholarship
Academic talent scholarships based on fields of study like technology, cyber, or consulting
Partnership programs with HBCUs, Hispanic servicing institutions, and women’s colleges

The variety of undergraduate funding options demonstrates Deloitte’s commitment to nurturing diverse talent across education pathways.

Graduate Scholarship Programs

While still in school, pursuing advanced degrees can be cost-prohibitive without financial assistance. Deloitte’s graduate scholarship programs help open doors to prestigious master’s programs.

Future Talent Scholarship

Awarded to 50-75 rising graduate students annually, the Deloitte Future Talent Scholarship is the pinnacle graduate scholarship. Recipients receive:

Full-tuition coverage for 1-2 years of graduate study
Living stipend of up to $25,000 per year
Summer internship at Deloitte
Post-graduation job placement
Access to mentorship and leadership development

Campus Recruiting Scholarships

For students already pursuing target graduate degrees, individual Deloitte service lines offer admission and tuition scholarships. Fields include:

MBA (for business degrees from top programs)
MS in Accounting
MS in Technology (for programs in cyber, analytics etc.)

Scholars commit to joining Deloitte post-graduation in the sponsoring practice.

International Scholarship Programs

Deloitte has also established global programs like the Deloitte UK Scholarship to recruit international students for specific degree programs and job roles in offices abroad.

With these graduate scholarship options, students can gain a top-tier education while starting their career at a premier professional services firm. Next, we will cover eligibility and selection criteria.

Scholarship Eligibility and Selection Process

While prestige and opportunities abound, securing a Deloitte scholarship is highly competitive. Here are the standard eligibility requirements and tips for strengthening your application:

Eligibility Requirements:

Be enrolled or intend to enroll full-time at an accredited 2-4 year college/university
Demonstrate strong academic performance (minimum 3.5 GPA)
Be a US citizen or permanent resident or meet eligibility for applicable visa
Express interest in a career with Deloitte in a relevant field (accounting, consulting, tech, etc.)

Additional requirements may apply based on specific scholarships, such as undergraduate class standing, intended major/degree, or underrepresented identity.

Strengthening Your Application:

Emphasize leadership experience, activities, accomplishments, and community service
Highlight relevant work, internships, or hands-on experience in the applied field
Obtain strong recommendations, especially from professors and employers
Communicate clearly why you are passionate about the organization and profession
Polish your resume, personal statement, and interviewing skills to stand out

Selection is also highly competitive, with acceptance rates typically below 15% for flagship programs. While an uphill battle, these scholarships are worth pursuing for qualified candidates wanting educational and career opportunities at the highest level.

The Impact and Experience of Deloitte Scholars

It’s one thing to examine the scholarship programs objectively, but hearing directly from Deloitte alumni brings their life-changing impact to light. Below are edited excerpts from scholars reflecting on their experience:

Jasmine, Recent DULP Graduate:

“Being a DULP scholar completely transformed my college experience. The summer internship opened my eyes to incredible projects I never imagined. I gained invaluable skills while confirming my passion for consulting. Now as a new consultant, I have amazing career mobility thanks to Deloitte’s support throughout my education.”

Daniel, Future Talent Scholarship Recipient:

“Graduate school is no joke, but having my tuition and living expenses covered by Deloitte was a massive relief. The mentorship I received helped me maximize my program and choose the best career path. I feel lucky to be starting my job, having gained both top credentials and practical experience through my internship.”

Ana, Current MBA Student:

“As a first-generation college student from a low-income family, affording an MBA always seemed impossible. I’m so thankful Deloitte saw my potential and is investing in my future. Being surrounded by such driven scholars has pushed me to achieve more than I ever thought I could. I can’t wait to begin my career upon graduation, paying it forward.”

These stories capture the profound, life-changing effect Deloitte scholarships can have. Recipients gain educational access, professional experiences, career opportunities, and success that are far beyond what they could achieve alone. Many scholars credit Deloitte’s investment in them as the pivotal boost in launching their dreams.

Applying for Deloitte Scholarships

With a solid understanding of the opportunity, it’s time to focus on the application process itself. Successful scholars emphasize preparation, using all available resources to maximize their chances.

General Tips:

Review program requirements and guidelines on Deloitte’s website
Research Deloitte and the desired role/industry to reinforce your interest
Develop compelling personal statements communicating fit and motivation
Refine resume highlighting qualifications and stand out from other candidates
Prepare for personal interview questions about career goals, challenges, skills
Request letters of recommendation from professors or managers able to speak to academic skills, character, and leadership potential
Proofread all materials carefully and meet formatting/deadline requirements

Many scholarships also have multistage application processes, so make sure to thoroughly follow each step and provide any requested supplemental materials. Persistence often pays off through reconsideration or being placed on waitlists.

Deloitte Specific Resources:

Connect with Deloitte representatives at your university’s career fairs or information sessions to learn more
Reach out to alumni from your school in Deloitte’s scholar alumni networks
Attend webinars hosted by Deloitte to hear directly from current scholars
Visit your school’s career center for tips and review by Deloitte recruiters there
Consult Deloitte scholarship brochures or your school’s Deloitte contact for advice tailored to your profile and goals

Maximizing these Deloitte avenues of support increases awareness of your candidacy and stand out from other applicants. By showcasing strong qualifications and passion specifically for Deloitte, your scholarship applications will be in the best possible position for selection.

Benefits and Responsibilities of Scholars

A Deloitte scholarship fundamentally transforms your education and career through access, opportunity, and ongoing support. Here are a few key points on the associated benefits and responsibilities:

Benefits:

Financial assistance covering tuition, fees, books, or stipends as per each program
Summer internship providing hands-on experience and professional network
Mentorship and guidance from Deloitte partners and alumni advisors
Leadership and personal development workshops from Deloitte University
Exclusive recruitment and job placement support upon graduation
Valuable certification reimbursements upon joining Deloitte full-time

Responsibilities:

Meeting academic requirements like GPA benchmarks for continued funding
Participating actively as an ambassador/leader in scholar alumni networks
Communicating openly on challenges and utilizing resources/mentorship
Following Deloitte’s code of conduct and representing the firm professionally
Pursuing available internships, recruitments, and accepting offers in good faith
Contributing to scholar programs through mentoring younger cohorts

This balanced approach cultivates scholars’ success while facilitating their positive impact as future Deloitte professionals and leaders. Responsible management of both benefits and obligations sets all participants up well for rewarding careers.