Opportunity for FAST career growth, but at a price... - Business Development EY Employee Review

3.0
21 Aug 2012
Recommend
CEO approval
Business outlook

Pros

For someone looking to grow their career quickly, EY provides excellent opportunities to do that. Because the organization is always changing based on what the market is up to or current regulations, there are a lot of growth opportunities. There is a lot of structure throughout the entire organization. Benefits are great, with opportunities to purchase supplemental life insurance and legal plans. 3 weeks vacation, higher than average compensation, opportunities for performance bonuses, strict annual review process and salary adjustments (no one was EVER overdue in providing an annual review). Abundant opportunities to collaborate with some of the smartest and hardest working people in the industry. FLEXIBILITY, FLEXIBILITY, FLEXIBILITY!!!!!

Cons

The expectation to perform is higher than at any other place I've ever worked. There is very little room for less than perfect. The culture at the top of the organization is very "old rich white guy", especially the Midwest leadership based out of Chicago. The leadership in the Chicago office is very old school micro-management and in the down economy someone was always pointing the finger, trying to cover their backside. Reduced sales figures and poor performance of sales initiatives were not just the result of the down economy, someone must be to blame for why a particular service hasn't sold. The expectation that you will do whatever it takes to get the job done is ALWAYS there. If one wants to get promoted, they must be willing to work whenever it's required, even if it means being up in the middle of the night to take a call with someone in China or leave a sick child or drive through a blizzard to make a meaningless meeting. One must be very determined to advance their career and continue to move up. There's a saying, "Up the chain or out on the street". So, for someone just looking to do a great job at one thing for a long time, there's really no place for you unless you desire to be an administrative assistant (these folks are treated VERY poorly, most are unhappy and there is very LITTLE respect and appreciation for their role). This mentality can be particularly challenging for working mothers, desiring a consistent family life. I started out my career here working 40 hour weeks and over the course of 8 years ended up working 60-80 hour weeks on a consistent basis. Which lead to terrible burn out. One must be in the "inner circle" to be noticed and get the good opportunities. If you are on the outside, be worried - very worried. I've rating the culture and values very low, because the messaging from the organization preaches the best culture and values - it's on every bit of promotional material within the company. The messaging is a dream for an employee, but it is very seldom the reality of what happens once you have been around a while and take off the rose-colored glasses.

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5.0
23 May 2026
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CEO approval
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Pros

-networking opportunities -good resources as a FTE

Cons

-need to advance through strict structures

5.0
21 Feb 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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