Ernst & Young, better known by its abbreviation EY, is one of the four largest auditing firms in the world in terms of revenue and is one of the so-called Big Four. EY operates in the areas of auditing, tax consulting, transaction consulting, and risk and financial advisory, among others. It is also a global management consulting firm.
EY employs over 300,000 people worldwide and maintained its market-leading position as a tax consultancy in Germany in 2021, with a revenue growth of 67%.
Recently, EY was awarded the "Highest Quality" seal in the management consulting category. A study by the FAZ Institute ranked the company as one of the leaders in the industry in terms of the quality of its work.
In 2021, EY can report a global revenue of US$40b representing a growth of 7.3%. At US$13.6b, assurance will account for the largest share of total revenue.
EY's culture revolves around three main commitments: diversity, inclusivity, and human rights. To underscore the heightened focus, EY has drafted three statements signed by Global Executive. In addition, they have also formulated three core values, which essentially encompass the three commitments, but also other values such as respect, teamwork, and enthusiasm.
The feeling of personal appreciation and the inclusive work environment are the clear advantages of working at EY, according to a survey. In addition, their employees particularly like that they are constantly able to learn new things.
EY values a healthy work-life balance and aims to ensure this for its employees through flexible working practices.
However, several reviews from employees show that there is still room for improvement, especially in the busiest months from August to the end of March, when employees can work up to 60 hours per week.
The feeling of personal appreciation, an inclusive work environment, and the ability to learn new things – these are the top 3 benefits of working at EY, according to reviews from current or former EY employees.
However, areas, where the company should make improvements, are the general feeling of work happiness and the sense of belonging. In addition, employees rate the work tasks as very energy-sapping.
For EY, diversity means differences. These differences include above all nationality, background, education, gender, ethnicity, generation, age, working and thinking styles, religious background, sexual orientation, abilities, experiences, and technical skills. Furthermore, there are also differences according to geography, service line, sector, and function.
In its day-to-day work, EY places great emphasis on living inclusivity and creating a work environment where all people, with their differences, feel comfortable and valued. The goal is to use differences to achieve the best possible results with regard to the company.
Career development is a top priority at EY, and that starts with interns and young professionals. The company is almost uniformly seen in the reviews as a great place to start your own career because you are given the opportunity to work with many people, network with them and thus learn a lot.
This supportive environment extends through all career levels, so EY overall is recommended as a company for a career in consulting.