Pros and Cons of working life in EY - Associate EY Employee Review

5.0
Aug 28, 2023
Recommend
CEO approval
Business outlook

Pros

Reputation and Prestige: EY is one of the "Big Four" accounting firms and has a strong reputation in the industry. Working at EY can enhance your professional credibility and open doors to future opportunities. Learning and Development: EY provides extensive training programs and resources to help employees develop their skills and knowledge. You can gain valuable experience working on diverse projects and clients. Global Exposure: EY has a presence in numerous countries, allowing you to work on international projects and collaborate with colleagues from different cultural backgrounds. This can broaden your perspective and enhance your cross-cultural skills. Networking Opportunities: EY's extensive client base and professional network can provide you with opportunities to connect with influential individuals and organizations. Building a strong professional network can be advantageous for your career growth. Competitive Compensation and Benefits: EY offers competitive salary packages and comprehensive benefits, including health insurance, retirement plans, and various employee perks.

Cons

Long Working Hours: Like many consulting and accounting firms, EY often requires employees to work long hours, especially during busy seasons. This can result in a demanding work-life balance and may lead to burnout. High Workload and Pressure: The nature of the work in a professional services firm like EY can be intense and demanding. Tight deadlines, client expectations, and high-quality standards can create a stressful work environment. Limited Work-Life Balance: Due to the demanding nature of the work, achieving a healthy work-life balance can be challenging at EY. You may need to be prepared for periods of intense workload and limited personal time. Hierarchical Structure: EY has a hierarchical structure, which means that career progression may require navigating through multiple levels of management. This can sometimes slow down the promotion process or limit decision-making autonomy. Travel Requirements: Depending on your role and projects, you may be required to travel frequently. While this can be exciting for some, it can also be exhausting and disruptive to personal life.

Explore other reviews about EY

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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