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Ernst & Young

Ernst & Young: The Company

Ernst & Young is a leading global consulting firm and one of the Big Four auditors, along with PricewaterhouseCoopers, KPMG, and Deloitte. The company runs operations in over 140 countries worldwide. Even though the firm Ernst & Young was not established until the global merger of Ernst & Whinney and Arthur Young in 1989, the history of the two firms that became Ernst & Young goes as far back as the late 19th and early 20th century, when the first in a long series of mergers that led to EY took place.

The company carries the names of Alwin C. Ernst, who established the firm Ernst & Ernst in Cleveland 1903, and Arthur Young, the Scotsman who founded Arthur Young & Co. in Chicago in 1906. In 2010, Forbes magazine ranked Ernst & Young as the ninth largest private company in the United States.

Ernst & Young has received a number of accolades over the years. Recent honours and acknowledgements include Most Admired Knowledge Enterprise (Hong Kong, 2010), Global Most Admired Knowledge Enterprise (MAKE) Award (2010), Accountancy of the Year Award (Australia, 2009), Canada's Best Diversity Employers and Best Workplaces in Canada (2009), China's Top Employers Award (2009), Top 10 Employer in Germany (2008/2009), Advisory of the Year (UK, 2009), Fortune Magazine's 100 Best Companies to Work For (USA, 2009), Financial Advisor of the Year (India, 2008), and 100 Best Companies for Working Mothers (USA, 2009).

Careers at Ernst & Young

Ernst & Young recruits undergraduates and graduates, experienced hires, as well as executives and leaders. The company looks for not only a top academic degree, but also qualities like leadership, integrity, enthusiasm, and team work skills. Students and graduates can apply for jobs in Assurance, Advisory, Transactions, or Tax. A job interview and a day at an assessment centre are standard recruitment practice for EY.

Experienced hires can apply for jobs in Advisory, Assurance, Tax or Core Business Services. Candidates also go through the interview process and must complete a written assessment.

Consultants with extensive industry experience can also apply for executive jobs – partner, principal, or director – as Ernst & Young is a continuously expanding business that always needs skilled leaders.

 

Find the latest job opportunities on our job board.

 

Ernst & Young's organisational structure

Ernst & Young is an international organisation of member firms that have different legal structures. The services EY offers are divided into Advisory, Assurance, Tax, Transactions, Strategic Growth Markets, and Specialty Services. Advisory services include Performance Improvement, Risk, IT Risk and Assurance, and Advisory for Financial Services.

The perspective

In 2008, BusinessWeek ranked Ernst & Young the No. 1 company on the list of Best Places to Launch a Career, which means that it is more than just a major consulting firm that will look good on your resume down the line.

Ernst & Young consultants are given plenty of opportunities to find their own career route and offered the right training and coaching that will help them achieve their next career milestone. Graduate hires are encouraged to explore the different corners of Ernst & Young to find out what suits them best and where their potential lies. They are offered short or long-term engagements internationally and across different services lines at EY, which helps them garner the right experience to accelerate their professional progress. International stints in places like New York and Sydney are extremely popular and reserved for the top achievers who have completed their training.

Another extremely popular aspect to working at Ernst & Young is the Accelerated Leadership Programme (ALP), a course that helps EY managers and consultants who have completed their graduate training a chance to develop their strategic and management skills, and prepare them for future executive roles at a faster pace.

Regardless of rank, Ernst & Young employees are encouraged to develop new skills and acquire experience across a variety of sectors and service lines. Some of the training courses are quite demanding, but certainly worth the time and effort in the long run.

Essentials
Motto: “Quality in everything we do”
Founded: 1989
Revenue in 2010: £13.7 billion
CEO: Jim Turley
Employees: 144,000
WHQ: London, United Kingdom
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