Go in with your eyes wide open - Audit Staff EY Employee Review

3.0
Jul 13, 2014
Recommend
CEO approval
Business Outlook

Pros

-Extensive access to technical training (lunch-and-learns, 1 week of classroom training per year, plus lots of other available CPE). -Average age of the office is about 27-28, so the environment is young and energetic. -Fun firm events (baseball games, happy hours, holiday parties), on a monthly basis during the off-season. -Large office (approximately 300 people), which makes for good networking opportunities. -Potential opportunity to transfer between offices across the U.S. once you reach heavy-senior level (4-5 years). -CPA testing and prep reimbursement. -Good starting salary as a new hire. Decent benefits and good 401(k) election options. -Highly intelligent coworkers. Everyone is capable and it makes for a stimulating environment.

Cons

-Extreme lack of staffing at the senior and manager levels. This means: a) seniors and managers still left at the firm are intensely overworked (65 hours/week during the off season and 75+ during busy season) and b) there are fewer available mentors for the new and experienced staff. Many projects have staff working directly with senior managers and partners because so many managers and seniors have quit. -Extremely long hours. Even during the "off season," 80% of people will be in the office from 8-7, and 25% from 8 - 8. Expect 12 hour days year round. -Disregard for personal life/time. I've taken 5 vacation days in a year and had to fight for the time off. Managers will ALWAYS complain when you are taking time off. -The firm will take everything you give it. If you work 14 hour days and never take any vacation, no one will bat an eye. You'll probably be given more work. -Pay is mediocre after the first few years relative to the number of hours you're working. -Extremely competitive. Jockeying for performance bonuses starts at the senior levels and continues through the ranks. Politics, gossip, and back-talk are intense. -NO TUITION REIMBURSEMENT FOR GRADUATE STUDIES/ADDITIONAL CERTIFICATION (beyond your CPA). All of the other Big 4 in Minneapolis will at least cover up to the IRS allowed tax-free tuition reimbursement ($5,250). EY does not pay for any of it. If you're planning to get a CFA, MBA, MBT, etc, look elsewhere or plan on getting scholarships, loans, or paying for it yourself. **Overall: Go in with your eyes wide open. Great place to start, bad place to stay.

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5.0
May 23, 2026
Recommend
CEO approval
Business Outlook

Pros

-networking opportunities -good resources as a FTE

Cons

-need to advance through strict structures

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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