3. About
• EY (formerly Ernst & Young) is the result of a series of mergers of ancestor organizations.
• The oldest originating partnership was founded in 1849 in England as Harding & Pullein.
• EY is a multinational professional services firm headquartered in London, England.
• The Global Chairman and CEO of EY is “Mark Weinberger”.
• EY is one of the largest professional services firms in the world and is one of the "Big Four" accounting
firms.
• The organization operates as a network of member firms which are separate legal entities in individual
countries.
4. Vision & Mission
Driving inclusive growth – helping scale approaches
that put business at the heart of tackling societies
toughest issues.
Supporting the next generation – helping equip young
people for success in the modern working world.
5. Services
EY has the following four main service lines
Assurance : comprises Financial Audit, Financial
Accounting Advisory Services and Fraud
Investigation & Dispute Services.
Tax : includes Transfer Pricing, International Tax
Services, Business Tax Compliance, Human
Capital, Global Trade, Indirect Tax, Tax Accounting
& Risk Advisory Services, Transaction Tax.
Advisory : Consisting of four subservice
lines: Actuarial, IT Risk and Assurance, Risk, and
Performance Improvement.
Transaction Advisory Services (TAS) : Deals with
companies' capital agenda – preserving,
optimizing, investing and raising capital.
6. EY FY17 global revenues
FY17 FY16
% change in local currency
FY17 v. FY16
% change in local currency
4-year CAGR (FY13-FY17)
Assurance 11,632 11,301 4.0% 5.2%
Tax 8,179 7,751 7.9% 8.2%
Advisory 8,526 7,846 10.4% 13.7%
Transaction Advisory
Services 3,067 2,728 15.5%
13.1%
Total 31,404 29,626 7.8% 8.8%
EY revenues by service line – US$ millions
7. Milestones & Achievements.
• In 2007 EY placed among the top 50 places in the "Where Women Want to Work" awards.
• No. 1 in BusinessWeek's annual list of "Best Places To Launch a Career" for 2008.
• EY placed No. 34 in ComputerWorld's "100 Best Places To Work For In IT" for 2009.
• Ranked 4th in Universum's America's "Ideal Employers" list 2011 and 3rd in its Global Top Employers list.
• Ranked No. 1 in Forbes magazine's "The Best Accounting Firms to Work For" in 2012. It was ranked 57 overall.
• In 2013, EY earned 100% rating on the "Human Rights Campaign Corporate Equality Index".
• In 2014, EY was ranked 2nd in Universum World's Most Attractive Employers.
• In 2016, EY was ranked 3rd in Universum World's Most Attractive Employers, and ranked 1st in area of
professional services employers.
• Forbes list EY as one of the Best Management Consulting Firms for 2017.
8. Work Culture
Young & Fun - EY hires a lot of fresh out of college people. That means you are very likely
to be working with a team of 20-somethings. You usually do team lunches and events
and although you work ALOT you can have fun doing it.
A culture of mediocrity - Once you work at EY you will start to get a lot of head hunters
contacting you for other jobs. Usually the best people leave for better opportunities.
This is in part because good people will find great opportunities and the fact that EY
doesn't do much to reward top performers. EY also has a strict rating system and will
encourage the bottom people to look for other jobs. With the top gone for better
opportunities and the bottom coached out you are left with the middle.
A CYA culture - with the PCAOB baring down on the big 4 over SOX work the work done
in the big 4 has increasingly become one of excess documentation. You'll find you spend
less and less time on problem solving, audit design, accounting research etc. and more
time on mindless documentation trying to jump through hoops for the possible PCAOB
review.