Hauke Rienhoff is a 26-year-old IE Alumnus from Hamburg, Germany, that graduated from the IE Master in Management (MIM) on December 2016. After graduation, he decided to take advantage of the program’s Beyond Borders Experience and went to India to attend one of IE’s partner universities called the Indian Institute of Management in Ahmedabad, an experience he describes as “the perfect way to end an incredible program.” After finishing his exchange semester at IIMA, he moved to Switzerland to start as a Business Analyst in Deloitte’s Zurich office.
Hauke works in the Monitor Team which is part of the Strategy and Operations Unit, which focuses on private sector projects across a variety of fields. In the Zurich office, topics in the banking, insurance, pharma, life science and consumer goods industries are quite predominant. As a Business Analyst, he is responsible in helping market-leading client organizations tackle their complex business problems and drive tangible results.
By joining the Deloitte team, Hauke is now able to effectively apply valuable knowledge gained not only during his time as a MIM student at IE Business School, but also as a Biesterfeld trainee. While in Hamburg, he completed a Dual Study Program at Nordakademie in collaboration with Biesterfeld AG with an exchange semester at Universidad del Desarrollo in Chile. He applied theoretical knowledge gained at Nordakademie through intensive on-the-job training at Biesterfeld with focus on strategic Product Management, Finance, Central Purchasing and Customer Service & Sales. Once he earned his bachelor degree, the trainee program ended and he started working as a Junior Product Manager and later became a European Product Manager for two years. His exposure to various business fields and international settings helped him to make the decision to go for consulting.
Since Hauke made pro-active use of the guidance offered to him by IE Talent & Careers, he is now able to utilize his broad knowledge and promote our business school’s values (diversity, social innovation, entrepreneurship, and humanities) in an industry leading business such as Deloitte Consulting AG.
To know more about Hauke’s success story, please continue reading below an excerpt from a conversation between Juan Pérez, a Career Ambassador and IE Master in Management 2017 Candidate, and Hauke Rienhoff:
Q: Has your personal career strategy always been focused on this job?
A: During my undergrad I was considering going for consulting at some point in my career, but I knew I would be working at Biesterfeld for at least another two years, so I did not actually commit to it. During my masters at IE I started thinking about consulting as possible career path again and talked to people from the consulting club to gain some insights. I guess, that’s when I started to realize that this is where I wanted to go next.
Q: Did you decide between Deloitte’s job offer and other offers? If so, what criteria did you use to base your decision of choosing Deloitte?
A: Once you decide to go for consulting, you usually apply at various consulting firms. Deloitte impressed me because of its strong stance in key future trends such as Digital Innovation and Human Capital.
Q: How did you find out about this job opportunity, and where did you apply for the job?
A: I found out about this job opportunity in a quite conventional way, through Deloitte’s career website. I applied for the job through Deloitte’s career website, since all applications are done centrally through one platform.
Q: How was the recruiting process?
A: Once the application is uploaded, Deloitte does an initial screening of the application. If positive, the candidate receives an invitation for an online assessment which comprises of two exercises which take approximately two hours to complete. In accordance with your test results the candidate gets invited to Deloitte’s Assessment Day. The day consisted of one group case study and several individual case studies and interviews with a variety of different people within the Deloitte hierarchy. The recruiting process might vary depending on the country and office.
Q: Did you use specific career resources or did you come across useful information via an advisor or alumni?
A: Aside from the IE career advisors, I also contacted many alumni who helped me clarify which my target companies would be. I mostly used LinkedIn for this and then looked up other IE Alumni through the IE profile under Career insights. Thankfully, IE also provided us with a premium account for www.preplounge.com, which I used for case practicing purposes.
Q: How did you get the most out of the MIM experience?
A: I tried to engage in as many activities as possible. I signed up to become a MIM Ambassador. As an Ambassador, I met potential new IE candidates, gave walking tours and helped them figuring out whether IE was the right university for them. It was great to constantly meet new people, especially when some of them were new students on campus half a year later.
IE offers plenty of extra-curricular opportunities outside of class. Every day there is something going on: clubs, career events, talent forums, executive insight series, workshops, etc. In the class section I was in, we would regularly organize football matches. These were great opportunities for me to bond with my Spanish class mates and learn about their culture, since one them even introduced me to paddle, a popular sport in Spain.
However, the most important thing is to take advantage of IE’s diversity, people from all over the world in one program. Hang out together, go for drinks, organize travels together during “Semana Santa”/Easter break, long weekends or during the August break. These are the moments where you forget about assignments, classes and upcoming exams, and where you get close to people and real friendships begin. Use every opportunity because this one year will literally be over in a blink of an eye.
Q: What advice or tips would you share with students interested in applying to Deloitte or your specific job position?
A: Do your homework in terms of case study preparation. Be sure to know the company well and why you want to work for them specifically and not any other consulting firm. Realize that Deloitte is a huge company with various business sectors (audit, financial & legal advisory and consulting) and even within those sectors various service offerings e.g. the consulting business unit in Switzerland consists of Strategy & Operations, Human Capital and Technology. And once again even these service lines consist of different teams which focus on different topics. This can be quite confusing, especially since this set-up often changes depending on region and office. Create a network and try reaching out to some of Deloitte employees who can answer many of your questions upfront and give advice (easiest approach: contact IE Alumni).
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Deloitte AG and Deloitte Consulting AG are Swiss subsidiaries of Deloitte LLP, the DTTL member firm in the United Kingdom.
About Deloitte in Switzerland
Deloitte in Switzerland has nearly 1,700 professionals operating out of 6 cities: Basel, Berne, Geneva, Lausanne, Lugano and Zurich (headquarters). Our purpose at Deloitte is to make an impact that matters to our clients, our people and society. We work with our clients to help them identify and solve complex issues and we provide insight and opinion on marketplace uncertainties which are impacting both national and global organizations in Switzerland. Highlights from FY16 include:
- Continued commitment to delivering quality and value beyond compliance in everything we do and a methodical approach to ensuring our core audit proposition is the best it can possibly be.
- Strengthening our local and international tax footprint which ensured Deloitte was awarded Tax Firm of the Year in Switzerland for the fourth consecutive year.
- Cementing our position as the leading advisory firm in Switzerland with tremendous new business successes at both global and national CH clients. Further expanding our footprint in forensics, M&A, technology and regulation and risk services through the acquisition of teams and combining our local strengths with global delivery centers.
- Recognizing that no business can stand still, innovation is a hot topic in today’s business world and we are helping our clients capitalize on new ways of thinking, operating and connecting. We have produced several cutting-edge insight reports on topics such as Sharing Economy, Blockchain, Digitalization, Workplace of the Future and Automation as well as hosting many C-Suite innovation workshops in Zurich, Basel, Lausanne and Geneva.
- Continued growth. We have achieved a 24% overall revenue increase in FY16, generating gross revenue of CHF 660 million.