EY Reviews

Updated March 30, 2015
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3.7
5,400 Reviews
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EY Global Chairman and CEO Mark Weinberger
Mark Weinberger
1,071 Ratings

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 Pros and Cons

Employee Reviews

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  1. 82 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.

  2. 7 people found this helpful

    Scrappy, humble, driven company. Great place to launch a career (particularly in finance); tough place to stay

    • 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 (more than 5 years)

    Pros

    If you're interested in a career in finance or in any sort of regulation-driven, compliance-oriented work, run (don't walk) to EY and beat down the door until they let you in. Incredible brand and network in this space. Tough to beat our Risk practice, and our Transaction practice has a solid niche in the market even if their work and their sub-culture are a bit cold and task oriented that feels, well, transactional.

    If you're skilled in one of it's prioritized growth areas (Purpose, Digital/Innovation, Strategy, SAP) - give EY serious consideration. You'll likely need to tolerate a few bumps in the road early on, and an anti-intellectual culture that's off-the-charts on any risk aversion scale (from CEO to Manager levels at least). HOWEVER - if you actually know your stuff and are capable of delivering on what you promise, you will make it through the other side and find a sea of opportunity with a remarkable amount of support and limited (real) competition for resources. This is also true to a lesser extent for the Supply Chain and Customer competencies, and the prioritized sectors (Life Sci, Healthcare, CPG, etc.)

    Cons

    If you are an opportunity oriented person eager to work on top-line growth problems and you're ambivalent about increasing efficiency/profit (in both your own work and in your clients) run from EY like as though it was on fire. The only thing EY hates more than risk is new. Our partnership continues to demonstrate they they will only change when things become so painful that the market has left them no other option. And, usually, any option the market leaves behind is pretty cruddy.

    The Assurance Service Line spent the first 6 years of the Advisory Service Line's rebirth finding ways to exert it's dominance over this up-start business. Now that expectations have been set that roles will need to reverse, it seems they're having a hard time letting go and allowing the balance to fall into some sort of natural equilibrium.

    The business continues to support decisions that seem to run counter to the best interests of the firm as a whole. For instance - why do we continue to audit Oracle when we could make 1000x more (and likely add more value to Oracle) by building a proper global technology advisory practice? Why do we continue to audit Salesforce.com when we could likely make 100x more by building a proper salesforce implementation practice?

    Advice to ManagementAdvice

    Great job marketing the Purpose concept, this is the right way to establish a brand and set your Partners/Principles up for success with clients. Kudos for hiring and promoting high performing women, please continue!! Keep up the fantastic progress with Advisory's "Quest" program for entry level consultant hires. Continue thinning under-performing Partners/Principals/EDs (especially those failing to drive sales, and those burning their people out). Continue looking to drive margin improvements. Continue using any margin improvements we earn to bring our pay and benefits back up to, or perhaps even above, market standards (for competitive markets like the 10 largest cities in the US).

    Learn to walk-the-walk now that you've mastered talking-the-talk. Get rid of all the waste caused by internal middle management in the Americas region; e.g. Why do we need Regional Service Line leaders AND cross-service line leaders (both Office Leaders AND Region Leaders)? Would think we could do just fine with the Region and office leaders. Why do we need separate deal review processes that are different for every Region in the Americas?? And different from all the other global Areas? Take final say on pricing power away from GCSPs - they're pricing you out of business before your people even talk to clients. Be very cautious of placing outside hires into leadership positions before they've had a chance to fully understand EY's culture.

    Let the also-rans take the low-growth businesses, even if they're profitable today; earning twice the revenue makes up for half the profitability (to say nothing of making 10x the revenue). Stop being so afraid of your home-grown talent, even if it was grown within Advisory. Stop being afraid of folks that came from top schools, those universities are at the top for a reason. Give your employees help to understand and follow the draconian independence and compliance rules you enforce, rather that just up-and-firing folks, or putting them in a one-year embargo period to prevent them from being promoted to Partner.

    And, most importantly, learn how to listen to those poor equity-less sods doing your dirty work, even if you weren't prepared for feedback. The best ideas come from the people who have the right context, not just the ones who decided to show up on the forced Idea-Jam sessions you sponsor.

    Recommends
    Negative Outlook
    No opinion of CEO
  3. Great company

    • 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

    Lots of great Opportunity and diverse people

    Cons

    Typical big company Process and overhead

    Advice to ManagementAdvice

    Keep it up

    Recommends
    Positive Outlook
    Approves of CEO
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  5. Overall good experiences at EY

    • 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 full-time (more than 3 years)

    Pros

    Ey has an overall good reputation.

    Cons

    Frequent travelling engagements - no choice or preferences on location of travel.

    Recommends
    Neutral Outlook
  6. a fast learning experience at EY

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

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

    Pros

    fast learning, challenging and good for new graduates

    Cons

    overtime all the time, merely have anytime for personal life

    Advice to ManagementAdvice

    compensation is so-so. but could be an opportunity to switch to corporate. could be a fast career track

    Recommends
    Positive Outlook
    Approves of CEO
  7. Great place to start

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Advisory Staff in Phoenix, AZ
    Current Employee - Advisory Staff in Phoenix, AZ

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

    Pros

    Very prestigious, well known firm.

    Cons

    Very competitive hiring process and very few positions available.

    Recommends
    Positive Outlook
    Approves of CEO
  8. Awesome workplace

    • 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

    Love the culture of the company. Awesome training and great networking opportunities. It's my favorite accounting firm hands down.

    Cons

    Long hours, not enough pay. Over time pay would be nice consideration the hours we work. I would still recommend this firm though. It's a great place to start your career.

    Advice to ManagementAdvice

    My biggest complaint would be about the pay. Other than that, EY is a great firm and work ls hard to make sure their employees are happy for the most part.

    Recommends
    Neutral Outlook
    Approves of CEO
  9. Awesome company which offers a world of opportunities to grow and learn and accelerate ur career

    • 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

    Great perks Up the ladder Incentives Responsibility traveling

    Cons

    Work life balance, all practices don't follow same policies as advertised and run the practice with their own policy

    Recommends
    Positive Outlook
    Approves of CEO
  10. EY greatly supports career development while maintaining good work-life balance. Endless learning opportunities.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior, Human Capital Global Mobility in Dallas, TX
    Current Employee - Senior, Human Capital Global Mobility in Dallas, TX

    I have been working at EY full-time (more than 3 years)

    Pros

    personal growth; work-life balance; lots of training

    Cons

    limited perks; less benefits compared to other Big 4

    Recommends
    Positive Outlook
    No opinion of CEO
  11. Great company and culture

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

    I have been working at EY

    Pros

    Great environment and ample opportunities to do more than just regular work.

    Cons

    Long hours and sometime tough clients to deal with

    Advice to ManagementAdvice

    Increase compensation and make effort to increase work life balance

    Recommends
    Positive Outlook
    Approves of CEO

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