Management in Assurance as a whole is and was terrible and did not really have an ear to the floor to properly understand the work ethic and feelings of their trainee accountants to improve efficiency happiness and productivity. Some partners were great but were far and few between or lacked enough dominance to make changes.
Pay was terrible (terrible industrywide) for hours worked and the qualifications at hand. Lack of proper training provided by properly trained and motivated staff when compared to other big 4 firms.
Often left to figure out things yourself and when you make a mistake they are surprised and annoyed yet thats why its a training contract....we supposed to be mentored and trained to learn to do the job not guess and learn from errors every time.
JiT experience limited to a select few and terrible program versus other big 4 firms.
It was great mixing with people of similar age and views when working in our teams and support staff were great. Travel allowance paid was fair and appreciated.
No proper talent retention programme in place despite them professing to be good at it. They let really good staff go without trying to find out why or what they could do to keep them, showed a 'I'm too good for you and don't need you' attitude.
People culture as a whole has really gone down the drain there when compared to the year I signed up. I was completely blown away by how great they were until I started working for them. It shows by the massive staff e
ProsTravel allowance and leave taken as substitute for overtime pay
ConsLong hours, boring work and terrible management and training provided.
Productive and very interative , have to keep in touch , communicate with other asset people in other regions , on issues of assets , have to be on my toes, keep track of assets and know what is actually happening around them ( up to date data bases)
I have mostly learned to value other people imputs and mosly working as a team and the fact that respect for other people is a very valuable and important asset in one's work etcetere
On managenent - being enstrusted to manage my work and deliverable withough much supervision has been a very insirering factor
Also in in my role as a "leader" of the asset team I have learned that the more you respect people and the way you relate to them they are sure to be always ready or willing to help and provide the information that will allow me to do my work effectively
With co-workes I have to communicate a lot with people in other business units requesting for assets and with members of my team because they have a lot of information that we need to share and that assist me in carrying out my duties more effectively
The hardnest part of the job is having to know and have your pulse on every asset which mayu be challenging because we deal with lots of people and there is a lot of movement taking place - so some thing asset can disappear and the need to account for everything
The most enjoyable part is getting month to month feed back from my manager to see how well we have done from time to time and this help me to find another ways of
Prosfluid interaction at all levels within my business unit
a very demanding place to work, short deadlines but fun to work in.
Working for EY has been somewhat a very challenging journey, I love the fact that almost everyone takes pride in their work and always push for just that bit of extra work effort, this in tern helps one improve themselves and aim for the best in all they do.
the company takes pride in their dress code and since they deal mostly with external clients all employees are expected to be formally dressed and presentable.
My typical day at EY would start with me going through my emails first thing in the morning as people worked well into the late night and then I'd go on to doing my follow ups, meeting with my stake-holders ensuring that all is ok and that they happy. just before mid day I'd send out all orders approved and follow up on deliveries that were supposed to be made in the morning.
My favourite part of the day would be going into meetings with clients as that's where one gets feedback and insight into how things are and whose happy and whose not so that I can go back to the drawing board and try to refine the process so as to meet everyone's needs. realistically not all will be happy but it pleasured me knowing that I gave it my all and strived for perfection
Prosworking with a team that is driven to satisfy the customer by all means
Employment that provides international cross-sector experience with frequent training sessions.
A typical day at work involves meetings to discuss engagements that the various teams may be working on to discuss progress, set-backs, developments etc. Teams also hold meetings to discuss the financial and operational performance of the department as well as any developments in the various methodologies the department employs and or thought leadership. A day at work also involves meetings with clients (in person/email/telephone) as well as preperation of client deliverables.
During my time with EY I have learnt various skills including valuations and business modelling, financial analysis, capital raising as well as mergers and acquisitions. In additional to these professional skills I have also learnt to sharpen my soft skills in the work environemnt.
Mannagement at EY take an active role in the development of employees through an ongoing review and feedback process adopted by the firm.
My co-workers include a diverse mix of individual from different parts of teh world including the United States of America, Europe, Asia and India.
The most enjoyable part of the job is the international and cross sector experience.
1) I always had busy days at work as there were always deadlines to be met.
2) I learned more about accounting, auditing of financial statements balances, transactions and other financial statements disclosures. I learned how to analyse the financial statements of many different companies, I learned more about coaching and supervising junior trainees and team work, I learned how to work effectively and efficiently under pressure, I learned how to work hard in order to meet deadlines, e.t.c.
3) Management: In the final year or 3rd year of my articles, I was responsible for providing guidance and coaching to the junior staff to make sure that they performed they audit work properly. I was responsible for managing the entire audit team so as to make sure that the audit plan was executed properly and audit deadlines were met.
4) I got along well with everyone and I worked very well with the audit team
5) Tight audit deadlines, where we were given unreasonable amounts of time to finish the audit work. Therefore, in some instances we had to work long hours of overtime to ensure that audit deadlines were met.
6) Teamwork, free lunches, subsistence allowance for out of town audits and good relationship with managers.
Assignments and audits are planned in advance and work more like projects with deadlines. The day is spent at the client where audits are carried out and clients are interviewed tests carried out and documentation and reports written.
I have learnt on the importance of risk and compliance, how best to research on client provide client solution, report writing, planning, team leading, client communication, self presentation and work and client management.
Management is good as work scope and expectations are discussed before the work and performance review is done there after. E&Y has an open door policy making management to be approachable.
Co-workers are a great team that is supportive both at work and social. Co-workers are willing to give a helping hand.
The hardest part is to meet tight deadlines that are on short notice and when the client is not providing the needed information on time.
Getting to know about the various industries and being part of a team that provide sound solutions that improve the client. I learnt a lot that is applicable to many industries.
Proseducation, medical aid, professional fees. knowledge sharing
It is a company that requires people to be efficient, there's a lot to learn and one can go places with the right attitude and Qualififcations
My day entails completing tasks that were given to me the previous day and awaiting to be assigned more work. I'm also responsible for ensuring that the HR database is always up to date.
Apart from my general office duties, I've learnt more about how the consulting industry works.
Managers are constantly busy but the essential part is priorotising their work knowing that no element, no matter how insignificant, should be left unattended.
We work in an Open-plan environment, it simply means that there no offices and it is easier to ask your manager anything since you can see when their busy or not.
Task are usually hard when they are introduced but after that it begins to be easier to complete tasks because of the logic and necessity that is behind what I'm supposed to do.
There are sessions that take place almost every week and you get to learn more about the organisation and your contribution.
Teaming is a fundamental aspect of the job where each audit sees you work with different people across various service lines within EY from different backgrounds, the amount and level of diversity is great as you are continuously learning about various cultures and the beliefs that they have. Moving onto different clients is one of the hardest things to encounter and I was able to learn how to adapt fast to the environment, but this is eased due to management's integration with the team and how they work closely with us.
The learning curve is huge and I love the challenge that each client comes with as you need to teach yourself as much as you can about the client and their business within a very short amount of time in order for you to be able to apply yourself to the audit. The continuous learning that happens in the life of audit is what I enjoy the most about this job.
ProsTravelling
ConsNot enough time to adequately know everything that happens in the entity that you are auditing
My Job entailed mainly of client relationship management and business development and as such I was always ion the road soliciting new clients, new business and making sure our existing clients are well serviced and happy.
As a client leader I learned a lot about various industries, issues that clients had and solutions for those issues. I learned to have an ear for opportunities in whatever setting, situation or platform presented to me, learned to win the trust of key buyers at clients. My major buyers were CFO's, and CEO's and as such my day entailed discussions and meeting with these executives.
I enjoyed the work culture as I was free to do my job anyhow I deemed fit and the support from the solutions team was great and we always did the best for the client.
ProsMeeting and discussing with Senior Executives on a daily basis.
Relationship building is as important as getting the job done
Hight paced, very stressful environment. I learnt more here than I did at any other company I worked for. I also enjoyed it because everything I studied was being put to good use.
At EY it was a fast paced environment. There was always something new to learn, however working with auditors is quite difficult as they are not very social or verbal and usually stressed out. EY tried to promote a culture of people first and for the most part they lived it out. I loved that EY encourages employees to voice their opinions and ensure that each person is working towards reaching some sort of career goal. I also learnt that relationship building is one of the fundamental structures in attaining career success.
I am in one of the smallest consulting departments in EY (M&A) which happens to also be one of the highest profit centres due to the scale of projects. However, my pay does not correspond with this as most of the fees will obviously be pocketed by the profit-sharing partners. I have no problem with this but what I consistently find absolutely demeaning is that the partners and managers expect you to give it your all in each engagement yet feel the need to make it very difficult to ask to claim for any of the overtime hence making you the equivalent of a corporate slave and that stems from the fact that there is a big gap between the manager's expectation of work turnaround and your ability to deliver.
This comes at a more stirring time when our already very small department has suffered ridiculously high turnover rates towards the end of 2020, leaving a lot of the remaining seniors to have to pick up the slack in double time and at half the manpower than we had. Our pay has also been adjusted downwards due to the pandemic.
As much as our partners refuse to see to our concerns, the high turnover really boils down to the truly questionable managerial capabilities of many of the managers who abuse their power in some very insidious ways. In particular, I've recently had one who refused to pull her weight in an engagement and expected me to work on the entire project alone and be at her beck and call whenever. Her entitlement made me resent my job as I suffered alone while she
ConsManagers who abuse their authority and uninspiring partners (limited to the department you're in), parking is horrendous and expensive, there is little to no options for food nearby
• Reengineered the process for importing data files from various locations, which reduced the processing time taken by about 70%. • Captured and forma
• Reengineered the process for importing data files from various locations, which reduced the processing time taken by about 70%.
• Captured and formatted financial statements of 90+ Fortune companies belonging to13 different industries from the SEC EDGAR database.
• Gathered XBRL based Business Requirements for developing intelligent financial Accounting agent.
• Authored System Requirements document, Use Case Specifications, Systems Requirement Specification (SRS), System Requirement Change Request, Data Dictionary along with the technical staff and developers.
• Developed Business Model (data/object/network/process) describing future state to-be environment.
• Supported and assisted Developers (JAVA, JSP) and QA in developing Quality Control (QC) test plans and test scripts, as well as supporting and assisting clients in all testing phases through UAT.
• Monitored all milestones, SOP’s and project statistics, such as defect rate and severity of the project.
• Reported defects in a defect tracking system with the use of an extensive XBRL taxonomy, communicated the defects to the developers and/or included it in the systems limitation report.
• Conducted systems evaluation, submitted the system maintenance/ enhancement/ scalability reports and systems limitation reports as the final deliverable.
• Project results were submitted for consideration at the 35th annual Hawaiian International Conference on Systems Sciences.
• Achieved an increased understanding and stan
A typical day at work involved having a brief catch up with my group leader (Asia Pacific Private Equity Leader) to discuss the weeks work in progress and what needed to be completed and then working on those tasks in order of priority and urgency. Tasks could include overseas/domestic travel arrangements or creating itineraries for a client roadshow or important trips, client team meeting preparation and execution (creating agendas/action items), managing partners (three) calendars and monitoring emails, making sure partners are getting to meetings on time and action any outstanding tasks were a typical part of my daily routine.
I learned that I worked well at multitasking different projects including completing different partners specific and demanding requests and making sure I prioritized and was timely on my completion. I also learned that the best way to juggle so many tasks is to put these tasks in order of high to low priority and take it one step at a time as I worked in a very fast-paced environment with the responsibility of three very demanding partners.
Due to an increased transaction workload, the team grew exponentially from about 20 to 40 in about a year and a half. As a result of this growth, we were short on administrative assistance and the pressure on me and my workload increased significantly for a while until we hired another assistant. In the meantime though, I was likable and always helpful and knowledgeable on everything EY related so most of th
Like the other Big 4 public accounting firms, EY is a great place for a budding accountant fresh out of college to start their careers. You can gain exposure to a large number of industries and clients, each facing their own unique issues that EY has to help resolve. There are a ton of great resources to learn from; there literally seems to be an expert in every possible aspect of accounting working at the firm. The company's management is also very supportive of workplace flexibility, although this mindset varies from team to team. However, working here is definitely not without its faults.
As a client serving organization, expectations are set extremely high for employees and there is always a deadline to meet, often times conflicting. Busy seasons are brutal and just when you think it's all over, another client might be facing a new issue and you're working on a new deadline again. Things come up all the time and you always feel on call 24/7. There is a definite feeling of a lack of work-life separation and that can really wear on you over time.
While most people are very supportive here and want to help you succeed in your careers as it makes their lives easier the better you are at your job as well, there will also be times when you don't see eye to eye with a fellow colleague and still be forced to work together on a project. You won't always get along with everyone you work with and you can't choose who you get to work with either. Perhaps the most frustrating aspe
ProsLots of Knowledge about the Industry, Great Resources, Resume Builder, Flexibility Promoted
ConsLong Hours, Very Demanding Profession, High Stress Work Environment
I had the opportunity to work in a dynamic and challenging environment
As an Associate Director here's a brief review of my experience:
Prestige and reputation: Joining a Big 4 consulting firm instantly adds value to your resume and opens doors to various opportunities. The firm's reputation and prestige attract top clients and projects, giving you exposure to high-profile engagements.
Professional growth: Working at a Big 4 firm provides excellent opportunities for professional growth. You'll collaborate with talented and experienced professionals, learning from their expertise and gaining valuable insights. The firm typically offers extensive training programs and resources to enhance your skills and knowledge.
Diverse project portfolio: One of the significant advantages of working for a Big 4 consulting company is the diverse range of projects you'll be involved in. From strategy development and implementation to technology transformation and process improvement, you'll gain exposure to different industries, clients, and business challenges. This variety keeps the work exciting and helps you develop a broad skill set.
Collaborative work culture: Big 4 firms foster a collaborative work environment. You'll have the opportunity to work with cross-functional teams, including consultants, analysts, and subject matter experts. Collaboration and teamwork are highly encouraged, allowing for innovative thinking and the exchange of ideas.
Client interaction: As an Associate Director, you'll have direct client interaction and be responsible for buil
Productive and fun workplace with amazing people working with me.
I worked at EY full-time for 2 weeks
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 actual
SyCip Gorres Velayo & Co. (SGV), a member firm of Ernst & Young Global Ltd. (EY), is the largest multidisciplinary professional services firm in the Philippines since 1946. The firm is packed with CPA top-notchers, exceptional professionals as well as talented individuals.
Being a Transaction Support professional, it is a must to keep myself up-to-date with the current news and SGV-information center assists us by sending daily news update organized per industry. We also have access to various external resources such as S&P Capital IQ, mergermarket, and Business Monitor International to help us develop our insights as we deliver advice to our clients. As an associate director, it is my obligation to manage my team in order to maximize engagement efficiency, quality, and profitability. I always keep a list of my "To Dos" at the start of the work, after I refresh myself with the current news. This helps me breakdown those requiring urgent attention until the least important matters.
For every project I am engaged with, I see to it that I have a good understanding of the client's objectives and the target's business overview. In Transactions Advisory Services, we are composed of different professionals not just CPAs. These professionals really come in handy whenever we need to consult for a special matter.
I really love to put things in a very orderly and organized manner so that tasks will be achieved smoothly. I ensure that I deliver the right information to
Do not work here! Toxic culture, below market pay.
I have been working at ey for under a year and I have not enjoyed one minute of it. Firstly, when I was hired I was told that my salary was nonnegotiable which I later found out was a lie from colleagues who were hired. When you are first hired they will make it seem like you are in control of your career and that you have flexibility to work on multiple different engagements that will benefit your career, that is not true at all. If you are not on a project, your experience manager will pressure you to get on a project, regardless of if it has anything to do with your previous experience or interests. I think most of this stems from the experience managers not knowing about what the different engagements actually entail. I have had various conversations with the experience managers and they literally have no idea of the certifications that I hold or the experience that I have, which doesn’t make sense considering the fact that they determine which project you should be assigned to. The culture at ey sucks, managers have this idea that they can use the staff as they please and pretty much assign any task to you. When you are assigned to a project as a staff or senior staff you don’t get assigned a specified set of tasks, you are pretty much there to do whatever the manager tells you to. This is unfair because there is no limit on what is right and wrong. I literally have had managers tell me to lie, and do things that I was completely uncomfortable doing. The funny thing is,
EY is a place with family atmosphere, Enjoyed initiating new programs for staff health and benefit plans for employees
With a bouquet of administrative things handled my previous one gave me immense pleasure in organising programs self handedly.
Arranged for free health camps to check 700 employees BP, Diabetes, Blood count. Took up many measure weekly to ensure they think about their health and reduce their stress.
I was in charge of arranging free bus transport to pick up employees from home to work, this area was 10 kms distance from office to residences of employees. Employees concentrated staying in the city and hence this plan was successful and appreciated by everyone. Dubai summer which crosses 50 deg celcius, smaller bus shuttled from parking area to office, a radius of 5 kms once every hour. Even the higher management would use the bus to avoid walking in the scortching Dubai heat.
Hardest part of the job was to reconcile the medical insurance plan for all employees. I had spotted 17 cases that were reduntant and premium for those were being paid even after the employees resigned a year back.
Management gave us opportunity to manage drivers, I chaired the committee to hear their complaints and bring out solutions for their better professional career. Organised a sponsored body check up for drivers to ensure they are not suffering any disease to ensure they are capable of driving the top management bosses for long distances every day for meetings. Also encouraged them to participate in jobs out of their profile like helping around in a conference with distribution of p
ProsFree air ticket provision yearly for self and spouse and children to all employees
My final grading "***" is simply not to affect the good professionals working in the organisation. My grading would have been a "**"
My experience in this company, over the ten years, varies from working with a highly executive team in the ITS department, to a painful experience at the Global Delivery Network. ITS, International Tax Services, Transfer Pricing, had good executive management and highly trained and skillful managers, where workload was huge in terms of administrative tasks, but where enthusiasm and leadership encouraged a large team of professionals to do their best and developed a high-performance team.
The salaries at the company are significantly lower than for similar positions in other companies, some times much much lower, setting their trained bilingual employees salaries at the same level as surveillance guards or cleaning personnel, etc.
The administrative functions for the company as a whole (HHRR, GENERAL SERVICES, others) lack good professional organisation and standards. Ranks and salaries are managed discretionally, at least for the administrative functions and separately from each other. A rank does not imply a salary or salary range..., they express. A non-bilingual and unskilled clerk might have a much higher salary than other qualified and bilingual employees with good performance. The performance appraisal system for administrative assistants is unprofessional and twisted according to political needs/binds, personal preferences, and
Questions And Answers about EY
How are the working hours at EY?
Asked 16 May 2017
8 hours a day
40 hours a week
Answered 13 Nov 2020
Long - its consulting
Answered 10 Dec 2017
What should you wear to an interview at EY?
Asked 24 Apr 2017
Simple formal
Answered 11 Feb 2019
Suit for both male and female. However this is the norm for all job interviews.
Answered 27 Dec 2017
How often do you get a raise at EY?
Asked 04 Jan 2023
Once a year
Answered 03 Jul 2023
Annual
Answered 29 Mar 2023
What is EY vacation policy? How many vacation days do you get per year?
Asked 30 Sept 2020
20 annual leave and some other types of leave also exist
Answered 18 Aug 2023
15 day for the first 10 years and a day for every year after that.
Answered 27 Feb 2023
How should you prepare for an interview at EY?
Asked 20 Jan 2019
Read about EY, the market and know your stuff. Be very confident in the interview and vibe with everyone
Answered 12 Mar 2020
You need to prepare for Psychometric tests and also work on confidence.
