EY

  www.ey.com
Work in HR? Unlock Free Profile

EY Reviews in United Kingdom

Updated Jun 5, 2014
All Employees Current Employees Only

3.4 203 reviews

92% Approve of the CEO

EY Global Chairman and CEO Mark Weinberger

Mark Weinberger

(26 ratings)

71% of employees recommend this company to a friend

Review Highlights

Pros
  • Policies on flexible-working supports the principle of a work-life balance(in 197 reviews)

  • it's a good place to start your career (max 3 yrs) or good if you have a family(in 98 reviews)


Cons
  • very poor work life balance; not enough staff to meet client needs; quite political(in 577 reviews)

  • Same cons as working at any consulting firm -- you will be work long hours(in 625 reviews)

25 Employee Reviews Back to all reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    not good

    Anonymous Employee (Former Employee)

    Proscurrent young and vibrant culture

    Conssenior managers are not up to scratch

    Advice to Senior Managementget up to scratch

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Great for the CV, not for your health

    Manager (Former Employee) London, England (UK)

    ProsI was lucky enough to get some great projects and work with great people.
    Huge opportunity to build your network.
    ALP course is very useful, benfitted hugely from it.

    ConsPay and rations poor, then Leadersip get spooked by attrition!
    Very hierarchical, therefore limited senior client exposure.
    Partners all but invisible, except when senior client meetings happen.
    Mentoring, very diffcult to come by

    Advice to Senior ManagementWake up and realise your people are your best resource and treat them with consideration and respect

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Great experience on the customer side but life back at EY office dismal.

    Senior Manager (Current Employee) London, England (UK)

    ProsInteresting projects and clients from which I have gained valuable experience in my field. Good work/life balance. Great colleagues for the most part.

    Cons0% pay rise for many in 2013 despite it being an extremely busy year for Advisory.

    Laughable HR / performance measurement processes (roundtables). Subject to the whim of the loudest person in the room rather than the truth about somebody's performance. This is the worst thing about the company.

    Lots of talk about living the values of the company but one or two partners in Advisory need to read and abide by that too.

    Promotion arbitrary as above.

    Advice to Senior ManagementFor a 'people' business you don't pay enough attention to your people and are unresponsive to criticism.

    No, I would not recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    A good company if you fit the culture and work in the right area

    Senior Manager (Former Employee)

    ProsOpportunity to work on variety of projects. Generally flexible with holidays. Well regarded in marketplace. Intelligent Colleagues. Access to large scale projects. Well equipped and good location of offices.

    ConsVery independent over-competitive culture. Collaboration is minimal. Personal reputation valued over subject matter expertise. Poor internal IT systems. Annual performance review process is very cumbersome and not as effective as other firms.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    A cog in the BCM audit wheel

    FS Assurance (Current Employee) London, England (UK)

    ProsAn excellent place to bolster your CV

    Exposure to wide range of clients/areas in Financial Services

    Great networking abilities

    ConsPoor remuneration: Payrise of 0% for majority of qualified staff through to Senior Management in 2013, Bonus scheme has not paid out since 2011. Highly rated staff received inflationary payrises, vast majority of other staff received 0%.

    Expect 60+ (and even 70+) hour weeks for multiple weeks throughout 'busy season', but don't expect to be rewarded. These hours were common for the first 4-5 months of 2013. Refer back to poor remuneration point above.

    Unacceptable reward in respect of workload demanded. Department believes it is paying market rates for salaries, however leavers are often getting at least 20% payrises leaving for similar level roles outside of the Big 4. Although it cannot afford to match financial institutions it is not offering nearly enough other benefits to compensate for the hours that the staff have to work. The resignation of a significant number or recent promotees is testament to this.

    Huge staff turnover issues and understaffing - partner group has not listened to years of calls for more staff. Only a staffing crisis has forced recruitment.

    Clients now appear to dictate fees (often fee decreases) even if workload is similar to the prior year. Partners are too worried about losing audit clients than making a case for maintaining fees/fee increases. Staff workload and pay have suffered as a result.

    Promotions process is not transparent, and gives very little feedback as to areas for improvement, or strong achievements.

    Advice to Senior ManagementListen to the Senior Management group with regards to: a) resourcing issues; b) remuneration. Short-termist decisions are badly affecting the mood and performance of the department. Trickle new staff members in as other staff leave - don't wait until there is a cavernous hole to fill.

    Stop allowing a small number of panel members to run riot in your round-table process.

    Offer more in the way of training - particularly focused on the sub-levels of the department (I.e. create IB specialists, Retail banking specialists etc.)

    Stop focusing on only a small number of star individuals and forgetting about the wider department. If the rest of the department are demotivated and leaving, the stars will (and have) too.

    Accept that you cannot run the department understaffed - you have saved money in the short term, but you will incur huge recruitment fees when existing staff leave and your managers will have the task of training up significant numbers of new teams.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Happy I worked there, happier I left

    Tax (Former Employee) London, England (UK)

    Pros-Big 4 firm ie good name on your CV
    -Reasonable pay
    -General experience ie travel for conferences

    Cons-No work/life balance (despite promoting flexible working)
    -Promotions not based on merit - based on having the right people on your side
    -You give them more than they're prepared to give you

    Advice to Senior Management-You may hear your staff, but you need to really listen to them and find out why the morale is so low and why your staff turnover is so high

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Not an employee friendly place, at least in Technology Advisory

    Advisory Manager (Former Employee) London, England (UK)

    Prosgreat office location, good client exposure

    ConsStill a long way to go before it matures in technology consulting. Currently, it looks like it is winning clients based largely on brand value and monopoly of Big 4 in risk, and regulation space. However, internally it lacks the skills, knowledge management, collaboration to undertake delivery of complex technology transformation successfully.

    Progression process left a lot to be desired - last year it was manually done (i.e. open to human errors, manipulation and bias). Also, note that it is long drawn 6 months process, and takes a lot of networking, and socialising at the cost of productive client work.

    In spite of growing in double digits, no bonus was given, and average salary hikes were below inflation.

    I have worked in Deloitte as well and Deloitte is in a different league altogether

    Advice to Senior ManagementFace up to your problems and try to resolve

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    5 people found this helpful  

    Horrendous treatment

    Senior Consultant (Former Employee) London, England (UK)

    Pros- Great Partners who take the time out to get to know you as a person, give praise where necessary
    - Great exposure

    Cons- Too many paper pushers at Manager/Senior Manager level,
    - Need to be "IN" the right crowd from the very start or you're doomed and will be blamed for everything
    - Internal processes are shambles, especially when it comes to proposals, focus is on winning work rather than what does the project entail/can EY actually deliver/have the right resources to take on the work

    Advice to Senior Management- Review your new joiners processes especially those from non-consulting backgrounds
    - Review basic HR processes, especially around discrimination
    - Review how managers interact with project teams, don't just assume when you're there all is fine and dandy

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    4 people found this helpful  

    Assurance

    IT Auditor (Current Employee) London, England (UK)

    ProsGreat company to have on your CV, challenging work environment, mostly great colleagues to work with predominately outside this service line. Opportunities exist for secondment into other service lines/other areas of the business on occasions. Great work location over looking Tower Bridge especially in the evenings.

    ConsThe company structure, service line and service offerings by EY are confusing despite management explaining that we 'broadly' sit within Advisory, other members of the firm are not quite sure. Salary does not match job role, length of service or breath of technological experience prior or during work at EY. Bonuses only started a couple of years back and despite over exceeding forecasted revenue for the year our department has so far only been rewarded once, the reward was below par. Also the only merit - Instant Rewards of £50 (vouchers) have been cancelled and replaced as of last year. Feedback occurs only in one direction hence from engagement to engagement you work with different managers/senior managers, year end review is based on feedback from these managers yet you do not have the opportunity to feedback upwards hence you could do fantastic work, deliver work of the highest quality, within the budget and on time, manage your activities efficiently, manage internal and external yet at the end of the engagement you can receive feedback and rating of 'unsatisfactory' because as most of your time was spent at the client site you were seen as 'not visible enough' at the office. There are better salaries in industry, pension scheme has just started this June the 1st only driven by regulation, besides all this the business is doing really well and has been engaged in millions pounds of engagements as of early this year alone but the drive to win tenders and provide work at discounted rates to client means that you can end up working inhumane unsociable hours without receiving a 'thank you', reward or extra time pay. Especially during the busy audit season (for example May 2013 - February/March 2014) you are not allowed to take any annual leave, if you wish to take your annual leave you have to plan and put approved space holders on the booking system else if you lose this chance then you have to jump through several hoops to book annual leave which is at the discretion of management. Promotion is based on years of experience as opposed to how well you do, no advice or information is provided on the characteristics you should display to progress except 'you should be working at the grade above'...which no one clearly understands. HR are useless, be prepared to show them your passport on several occasions after starting your job role.

    Advice to Senior ManagementChange the feedback structure and criteria of how you promote staff, there should not be a culture where the liked individuals are promoted while rest are demotivated, work with HR to action this point. Flexible working policy exists within EY but why do most managers assume that if you have to work from home on a rare occasion that you are abusing the system and treating it like annual leave whilst this is not the case. Reward the individuals that work long hours (those who are single with no commitments), rewards those who work at EY but have commitments outside of work not just those individuals who exist in the 'favourite' group. Managers who copy and paste feedback for staff that they have worked with should be reprimanded not rewarded. The top heavy approach of employing more managers and less ground working staff exists the right way round in other Big 4, we should concentrate on building the brand via quality of delivery as opposed to sheer sales driven strategy and promote a culture where the actual field workers are demoralised, demotivated and unappreciated. First in and last out of the office does not necessarily identify efficient employees who have raised their visibility profile but have used the work of others and passed on as work conducted by themselves. Lastly learn from your mistakes, the working environment was far better couple of years back than it is now. Bring back the instant values reward, rather than rebranding completely maintain the 'Quality in everything we do' and rid the department of politics please!

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Operations

    Operations (Current Employee) London, England (UK)

    ProsGood if you want to become an accountant or technical staff

    ConsIt is very political and feedback is always subjective

    No, I would not recommend this company to a friend

Worked for EY? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.