I havent started the role, but form my interview research, I can say as follows :
EB is a branch in the Audit field. Alot of the job is to audit Small Medium Enterprises. In EB compared to traditional Audit, you will have more responsibility i.e you will be in direct contact with the financial director or head of the company. Sometimes, the EB staff help out with traditional Audit, if the Audit people need a hand.
Also, in EB, you will be advising companies on growth, exit strategies, diversification and general business stuff. Think of EB as a one stop shop service for SME firms.
The first interview like most will be very rigid and time pressured, there will be x amount of questions to answer in 1 hour. In my interview these were all the competencies bar the commercial awareness.
The second interview was alot more relaxed and natural. The partner that interviewed me did not write a single word on his pad. All he asked me was “so, tell me your story”. So i started from my town, to A levels, Degree, work experience. I justified all my decisions i.e subjects, work experience and related it to EB. The partner at times started conversations about a certain point I had mentioned and constantly tried to see if I had made an informed decision. Ultimately, what I gauged was that the partner was trying to see if you would fit into the team, nothing more, nothing less. I appreciate, not every partner might be like this.
I would advise reading the trainee profile on the deloitte website. The deloitte website is brilliant in answering your queries. it gives you a daily breakdown of an EB trainees day.
I have had a few interviews and have come to learn one invaluable thing, always be prepared and ultimately the outcome will depend on more than just your capability and competencies; Luck will always have a bigger role to play. Sometimes, I have given amazing interviews, but the interviewer was a bit hard, sometimes, my interviews were average but the interview chemistry was brilliant.