Audit Sector - Emerging and private enterprise (EPE) - please read before joining - Audit Executive EY Employee Review

1.0
Dec 15, 2024
Recommend
CEO approval
Business Outlook

Pros

- Exposure to a wide range of audit tasks and responsibilities. - Opportunity to work with a prestigious Big 4 firm. - Access to professional development resources and study leave.

Cons

1. Management Style and Intern Utilization: Interns receive one of the lowest stipends among the Big 4 (SGD 700). Interns are often required to perform substantial audit tasks, which can feel exploitative and demoralizing. 2. Recognition and Praise: Disproportionate emphasis on large or big engagement with little recognition for smaller jobs. If you are assign to small jobs means you are not good. Managers and partners praise only those who deliver high-quality work with minimal resources, creating a toxic environment. Expectation for staff to entertain partners and managers during office events is unreasonable and should not be a criterion for promotion. 3. Hiring Practices: Department tends to hire only at the audit executive level, they will not hire experience staff or seniors to join the department to cover the shortage. They will exploit new staff to cover any shortage. This practice may attract individuals who are desperate or lack experience, rather than those who are truly qualified and motivated. 4. Partner Practices: Partners often exhibit preferential treatment and ask unnecessary or stupid questions. Sometimes to boost their own ego. Excessive number of review points issued during reviews, especially, can be overwhelming for both staff and clients. Clients also will complaint why so excessive and sometimes it can be meaningless. I guess this is for our partner in EPE to boost to other sector partners how good they are ... 5. Promotion Criteria: Restrictive promotion criteria requiring passing two core professional papers (ACCA/ICAEW) to become senior. If you are a poly graduate, good luck you have a mountain to climb considering you need to juggle work, life and study. You will need to pass within 2 years (Jan till June) you are not able to take study leave. Employees who fail to meet this requirement are unable to complete the 2 core professional papers, regardless of their performance and contributions will never progress to senior. This policy can lead to underpayment and overwork, as staff are expected to perform higher-level tasks without appropriate compensation. 6. Managerial Expectations: Since partner has high expectations and exploitation. Managers can be unreasonable workload and expectations placed on staff. OT meal claims are often scrutinized and some managers expect staff to work on their jobs while on other manager's booking. This create a chain effect, you will working on multiple engagements at one go. It can be very chaotic. The managers and partners here all have small temper, it guess this it the culture they build. Culture of expecting immediate responses during study leave is overwhelming and counterproductive.

Explore other reviews about EY

5.0
Mar 13, 2026
Recommend
CEO approval
Business Outlook

Pros

Lots of support Opportunities to network

Cons

difficult to move to different roles as they are overseas

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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