EY

  www.ey.com
  www.ey.com

EY Reviews

Updated November 26, 2014
Updated November 26, 2014
4,827 Reviews
3.7
4,827 Reviews
Rating Trends

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EY Global Chairman and CEO Mark Weinberger
Mark Weinberger
846 Ratings

Review Highlights

Pros
  • Policies on flexible-working supports the principle of a work-life balance (in 243 reviews)

  • it's a good place to start your career (max 3 yrs) or good if you have a family (in 106 reviews)


Cons
  • very poor work life balance; not enough staff to meet client needs; quite political (in 701 reviews)

  • Same cons as working at any consulting firm -- you will be work long hours (in 734 reviews)

More Highlights

Employee Reviews

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  1.  

    A strong place to start your work career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Assistant Director
    Current Employee - Assistant Director

    I have been working at EY

    Pros

    A strong sense of balancing work and life activities, the firm tries to make the work place enjoyable with occasional parties and activities to releave stress.

    Cons

    The demands are high and there are a lof of burnouts within the first 2-3 years at the firm. This is likely true though at all major accounting firms, so should not be seen as unique to Ernst and Young LLP.

    Advice to ManagementAdvice

    Remember to communicate with staff and lower level employees; they like to know what's going on, why its happeneing, and how it affects them, the firm, and their positions.

    Recommends
    Approves of CEO
  2. 16 people found this helpful  

    Overall positive experience in Advisory Services (Consulting)

    Former Employee - Manager - Advisory Services in New York, NY
    Former Employee - Manager - Advisory Services in New York, NY

    I worked at EY full-time (more than 3 years)

    Pros

    -Good expense policy (appropriate allowances for breakfast/dinner and you can keep all rewards points for airfare, lodging, rental cars, etc).
    -Culture is very people oriented. Flexibility and employee work/life balance is stressed greatly by management. EY stresses the importance of taking care of one another. Great maternity / parental leave policies and very flexible work arrangements are available when you need it. I often worked remote from my wife's apartment when we were long distance.
    -Work life balance is awesome (don't believe the rumors, if you're a smart person and you produce good work, EY will reward you with a generous work life balance).
    -Vacation policy! 21 days for managers plus 3 personal days and unlimited sick days.
    -Most teams will work from home on Fridays when traveling
    -EY has a program where you can decide not to accept a blackberry and instead have EY pay your personal cell bill (up to $150 / month for managers).
    -Events thrown by EY are larger than life (especially the events when you're promoted to Manager, Sr Manager, or Partner). They are truly amazing experiences.
    -Opportunity to see many different companies across a broad range of industries
    -Lots of professional development opportunities
    -High potential for advancement. You do not have to wait for a spot to "open up" to get promoted.
    -HR is wonderful
    -EY really tries to take care of employees at an individual level. If you're unhappy, you can actually talk to HR and they'll work with you to find a part of the company where you fit.

    Cons

    -In Advisory Services, travel can be up to 90% (but if you like to travel then this is a "pro")
    -Often our clients are in pretty remote places that take a long time to get to (ie: Peoria, IL or Wausau, WI) which makes travel exhausting and difficult.
    -Consulting in general is very sales-like. As you move up, be prepared to act more like a salsman than subject matter expert.
    -EY pays slightly lower than other similar firms
    -Annual bonus' are very low (10% is the max allowable bonus for a manager, no matter how well you perform). Bonus' for average rated employees are about 2-4%.
    -Lack of leadership training leads to senior leaders who are knowledgable but lack leadership skills
    -Projects entirely depend on the Partner and Sr Manager's interpretations of policy. Some are extremely strict with expenses and time-on-site, while others are more lax. You could perform the exact same project with different teams and have completely different experiences.
    -You rarely work on your expertise. Advisory services tend to place bodies on projects, sometimes disregarding the individuals skill set in favor of quickly staffing an engagement.
    -Although you are asked to choose a secor alignment (technology, consumer products, etc), you rarey work in your sector, instead servicing whatever industry of whatever project needs staffing next.
    -Lots of administrative tasks on a regluar basis interfer with clien-work (review process, for example, is very long).
    -Work is often repetative and boring. Because they seem to assign resources at random, you may be working on a project which you have absolutely no experience for. You'll then spend your time reading things online and desperately trying to get a clue enough so you can make wahtever deliverables your team has agreed to. Lots of PowerPoint and Excel...LOTS!

    Research the consulting industry! Many of the Pro's and Con's of consulting apply here. It's not a 9-5 type of job so know what you're getting into before you join and you'll likely be pleased with EY.

    Advice to ManagementAdvice

    I know the staffing system is currently being worked on, but any improvement in matching relevant experience and interests with client work would greatly improve morale and help employee retention. Nobody wants to be assigned to an engagement with virtually no useful experience. This creates months of feeling inadequate, frustrated, and eventually, apathetic. Employee apathy is the ultimate business killer. Also, 90% travel is very tough after a few years. All consulting firms struggle with this, but anything management can do, policy wise, to lessen the burden would help set EY's consulting apart from a potential employee point of view.

  3. 2 people found this helpful  

    Great learning and growth opportunity.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Audit Senior in San Francisco, CA
    Current Employee - Audit Senior in San Francisco, CA

    I have been working at EY full-time (more than an year)

    Pros

    Great learning opportunity and you get to work with talented individuals.

    Cons

    Not much work life balance.

    Recommends
    No opinion of CEO
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  5. 1 person found this helpful  

    Great experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Athens, GA
    Current Employee - Anonymous Employee in Athens, GA

    I have been working at EY full-time (less than an year)

    Pros

    Culture of employees
    Nice management environment
    People are generally very friendly

    Cons

    Low salary compared to competition
    open space

    Advice to ManagementAdvice

    Raise the salaries in order to be competitive compared to the rest consulting firms

    Recommends
    Positive Outlook
    No opinion of CEO
  6.  

    Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Intern in Houston, TX
    Current Employee - Intern in Houston, TX

    I have been working at EY as an intern (less than an year)

    Pros

    Cool firm and good opportunities . Good training and great environment. Good chance of moving up in company. They are very nice. Good culture

    Cons

    nothing bad to really say. work on helping your employees to learn more. Sometimes its hard to keep up with everyone. But otherwise it a good environment and I would recommend to others.

    Advice to ManagementAdvice

    nothing

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Best of the BIG 4

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at EY as an intern (less than an year)

    Pros

    Pay is definitely far above industry average
    All meals reimbursed
    Great projects
    Great exposure to clients
    Amazing people to work with!

    Cons

    Very very long hours and competitive work!

    Advice to ManagementAdvice

    Provide more incentives and in-house activities for interns to enjoy and relax

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Good experience with high expectations

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at EY

    Pros

    The experience you will receive is fantastic.

    Cons

    Low pay and high stress

    Approves of CEO
  9.  

    Great experience and opportunity

    Current Employee - Tax Senior
    Current Employee - Tax Senior

    I have been working at EY full-time

    Pros

    I have had plenty of opportunities to pursue the type of work I'm intersted in, with the client engagements that I'm interested in. I work with great teams and appreciate the coaching and support.

    Cons

    Compensation isn't bad, but not great when you take into account the number of busy season hours worked. Communication between partners and staff can be minimal to seemingly nonexistant at times, though this has been acknowledged and progress has been made towards it.

    Advice to ManagementAdvice

    Upper management should be more generous with performance based bonuses. More partner to staff dialouge, as well.

  10.  

    Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Audit Manager in New York, NY
    Current Employee - Audit Manager in New York, NY

    I have been working at EY full-time (more than 8 years)

    Pros

    There are very Smart people to work with. great benefits, great flexibility, great training. Reward those who work hard and deserve it.

    Cons

    There can be very long hours. Work/ life balance can be tough. Pay could be higher. More bonuses should be given.

    Recommends
    Positive Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    decade of experience

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at EY

    Pros

    If you put in the hard work the first few years, you can see tremendous payoffs (eventually). Its not for everyone, but there is good room for advancement.

    Cons

    The new bonus program feel completely flat, and demotivated employees. Management should have seen this coming, but lowering salary increases and providing only a small bonus to all is NOT what the people were looking for.

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