What it Does: As a provider of professional services for its clients, EY specialize in tax, financial audits, advisory, and consulting services for its clients. Their expertise extends to technology, legal services, assurance services, and strategy consulting.
Mission: EY aims to build a better working world. They desire to empower their employees with the right skills and mentality to help them emerge as the kind of leaders the world needs.
Size and Presence: EY is one of the largest employers of labour in the world. This company employs 312,250 people in its 700 offices across 150 countries globally.
Best Known For: Ernst & Young is known for rendering high-quality services to its clients. They are also known for their ethical and honest management as well as their friendly work atmosphere. It's also known as one of the best companies to fast-track professional growth and progress in one's chosen career path.
The Good Bits: A relaxed work atmosphere. Numerous employee benefits. Good work-life balance. Job security.
The Not So Good Bits: Certain employees don't exhibit the required level of professionalism.
Ernst & Young was born in 1989 when Ernst & Whitney agreed to a merger deal with Arthur Young & Co., the fifth-largest company in the world then.
In late 1997, EY announced that it intended to merge its operations with KPMG professional practices to create the biggest network of professional services globally. This decision came shortly after Price Waterhouse and Coopers & Lybrand had a similar merger announcement.
The following year, such plans were dropped because of cost problems, issues stemming from client opposition, antitrust issues, and the expected difficulty of unifying two very different organizations and company cultures. Price Waterhouse and Coopers & Lybrand proceeded with their merger to become PwC.
In the two decades that spanned from the early 80s to the late 90s, EY heavily grew and expanded its consulting services and reach. In May 2022, the Wall Street Journal reported that EY might divide its advisory and accounting arms to form separate organizations.
Ernst & Young is one of the best places for fresh graduates and interns to begin their careers. Its work atmosphere is friendly, relaxed, and innovation-friendly. This recipe will boost employees' productivity and enable them to learn and grow professionally.
Being a melting pot of different skill-sets and departments, EY adopts diversity and inclusion as part of its key values. This fosters harmony among co-workers and breeds mutual respect as well.
Ernst & Young is the perfect starting point for a fresh graduate. The supportive and inclusive work environment helps fresh graduates and even experienced professionals to have a defined career trajectory. Working at EY presents many experiences and opportunities that fresh graduates can take advantage of.
Employees in this company are equipped to seek challenges and step out of their comfort zones. They get the opportunity to work with various teams on different projects that inspire them every day.
The hiring process involves:
The average annual salary of a fresh graduate in EY ranges between INR 3,20,000 INR and INR 4,00,000.
EY intends to use the EY Ripples program to invest its time and efforts in projects aligned with Sustainable Development Goals. They intend to donate their expertise, experience, and skills to pursuing and attaining a single goal; to touch a billion lives by 2030. EY intends to do its bit in tackling issues such as social inequality and climate change.