Anxiety, Depression, Chest Pains: Apply Within - Audit Staff EY Employee Review

1.0
Aug 18, 2018
Recommend
CEO approval
Business Outlook

Pros

1. Big 4 experience which other employers seek 2. $5K bonus for passing the CPA; Becker study materials paid for 3. $60 per month towards cell phone and annual gym subsidy

Cons

1. If you're looking for a degrading role with minimal training, a poor culture, and long hours (75-80 during busy season / 50+ rest of the year), then EY Denver is the place for you. 2. Be prepared to order lunch for your team. If you felt your days as a waiter were over, EY brings you back to your roots. 3. 401(K) matching is minimal and pathetic. The firm advertises a 25% match but if you read the fine print, it is a 25% match on your contribution of 6%. Translation = a 1.5% "match" which vests over a 5 year period. Do yourself a favor and pay off your student loans before enrolling in the firms 401(K) plan. 4. Although you may have a master's degree and passed the CPA, the job is entirely administrative. A sophomore in high school would be able to perform the Staff 1/2 role at EY. The job requires zero creativity nor is thought-provoking. 5. EY does not pay their Staff employees a bonus. All of those extra hours and weekends given up during busy season will not translate to an extra penny. In fact, the firm has a policy that Staff employees are ineligible for any bonus. Charming. 6. Your most important relationship as a staff is with your senior. Unfortunately the majority of seniors at EY are out-of-control stressed as the engagement is likely running over budget and behind schedule. Seniors often take their frustration out on their staff with back-stabbing performance reviews as opposed to giving constructive feedback early and often. 7. The feedback process is completely flawed. The firm does not permit 360 feedback (meaning that staff employees cannot review their seniors) so the messaging is completely one-sided. 8. The office environment is awkward and sad. Employees rarely engage with one-another and this likely is a result of the elephant in the room: everyone is miserable, overworked, and looking forward to future employment opportunities beyond EY. 9. Did I mention the hours? You'll also went to get used to a senior excusing you daily from the job at inconsistent and often late times. Think of it being in detention in middle school when a disgruntled employee dismisses you for the day. And guess what, you'll do the exact same thing the day after, and after, and after... 10. The firm's leadership is comprised of out-of-shape, white male partners. I believe our office just promoted its first woman as a partner which may put the ratio at 15-1. Hooray diversity! 11. See 1-10 above.

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5.0
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CEO approval
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Pros

Good Work Life Balance and an understanding team

Cons

Base Salary difficult to negotiate and rigid structure

5.0
Feb 21, 2018
Recommend
CEO approval
Business Outlook

Pros

1. You will have a very hard time not falling in love with every single person you meet there. 2. Seriously, you will meet your soul mate(s) there. 3. Prestigious and looks great on the resume. 4. Your brain will grow a thousand times more powerful. 5. Forces you to conquer your fear of public speaking. 6. Fun team bonding and lifelong friends. 7. Stepping stone to high paying jobs. 8. Helps you work on perfecting your charm. You will learn from the most charming people how to really get people to like you. 9. HR really cares. 10. Big support network (IT, creative services, etc.). 11. Teaches you to be calm and in control.

Cons

OK, I'm going to be discussing all the taboo things, and there are a lot of them. In spite of these cons, I still admit it's worth a five star rating. 1. High performers are "designated" (you have very little control over your rating) by the partner group (can be a pro if you get selected. Seriously, I have worked with some of the supposed "fives" and they are not any different than my threes and fours. 2. Quality is extremely low. Sometimes I felt like I was working at McDonalds and not a professional services firm. The emphasis is on getting through work as fast as possible and expectations for quality are not realistic. 3. EY has a very hard time firing bad employees. If you get stuck with one it can be a nightmare. 4. EY has a heavy emphasis on wasting time. For example, there are lots and lots of checklists which have no value that you have to fill out. Also, they wasted money and time on creating "Canvas" which is literally slower and more awkward than the previous workspace tool, GAMX. There is a heavy emphasis on "reinventing the wheel" and fixing problems that aren't broken with even worse solutions. Instead of wasting money on useless tools, that money could have been spent on your employees in the form of compensation. Like I said, EY is really focused on attempting to look as though value is being created when in fact it is not. 5. Lots of meetings. Appearances are very important. 6. Employees on global 360 accounts get better treatment. 7. Some employees (executives mostly) tend to overemphasize how important this work is. Let's face it, if it was really glorious work then we would have action figures. 8. Looks are very important. Seriously, if you are a girl, you will get promoted based on how hot you are (the quality of your work is largely unimportant). If you are a guy, you are treated a little better but there is still a sexist undercurrent in the environment. This is advice you won't get from HR obviously, but that doesn't mean it isn't true. 8. You will be forced to eat hours. 9. Your ethical compass will start to get weaker. 10. You will get a little cynical. 11. Lots of driving and travel. 12. "Family men" and married couples with children are more likely to be promoted. If you want to be a partner, you have to be married (few exceptions). 13. You will work on vacations. 14. Loss of relationships with family and friends. 15. Some backstabbing and credit-stealing (but not very common). 16. Comp is below market but that's to be expected. 17. Employee retention is not something management is interested in. This makes you replaceable and expendable (yes even as a manager, unless you have been "designated" as a high performer by the partner group).

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