People culture does not exist within senior leadership/management - Senior Consultant EY Employee Review

2.0
Sep 16, 2013
Recommend
CEO approval
Business Outlook

Pros

1. Competitive salary offers (within Advisory) and opportunities for annual performance bonuses 2. Pretty decent expense reimbursement policy, which is nice for client-serving professionals who are frequently traveling 3. Nice travel perks such as alternative weekend travel policy that allows client-serving staff to fly their spouses to meet them at client locations or paid travel to alternate weekend locations in-between work weeks on client-site 4. Sick leave is not restricted to a set number of days... however, you will be lucky if anyone actually allows you to TAKE a sick day! I have sat in client offices with EY project teams, popping pills and actually bent over crying in pain, but nobody will even acknowledge that you're dying sick except to ask if you can cry more quietly.

Cons

1. No work-life balance. They will stress how important their people are during the recruiting/interview phase, and will talk your ears off about flexibility in work arrangements, 4-day travel plans for employees who travel to client-site, reasonable work hours, family values, etc. None of that exists. Most people I know had to forfeit weeks' worth of vacation hours because they were not allowed to take time off from engagements. I have had to work on paid firm/national holidays because the project teams are all led by workaholics. I am basically on call 24 hours a day, 7 days a week. I have received phone calls on Saturday mornings at 7 am and Sunday evenings at 7 pm asking me for urgent turnaround on requests that are not in fact urgent or even project-related. There is no sense of personal space - the senior leadership basically acts as if they own us. I was told my average work week would be 45 hours per week, perhaps upwards of 50-55 on extremely high-pressured client engagements during the final delivery stages. I average 52 hours per week on a normal week, and have worked upwards of 76-80 hours per week multiple weeks in a row when we were not in a delivery stage. 2. Benefits package is weak: poor health care coverage if you live outside the New York City area and very high premiums to pay, as well as really poor retirement savings plan (the firm really doesn't contribute very much to your retirement savings or do much in terms of contribution matching like other firms do) 3. The people culture does not seem to resonate with those at the Partner/Principal/Executive level. They are very hands-on in terms of daily project management, are frequently micro-managers, and do not have an understanding of work-life balance. 4. Technology is in the stone ages: you have no access to your office number unless you are sitting in an EY office. Advisory professionals are rarely in an EY office, as we are usually working on client-site 95% of the time. So you have no way of connecting with people who use your office phone. None of the firm's sites or applications are available remotely, except for a very rudimentary version of the email program on EY-secured mobile devices. This means if you go on a vacation for more than a week, you have to take your work computer with you to enter your time, as there is no remote access to time reporting. Another way to tether employees 100% of the time to the firm.

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Pros

Competitive pay Flexible vacation Good benefits Great culture

Cons

Traditional mindset Little accountability No upward mobility No project variability

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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