What it does: One of the ‘Big Four’ global professional services organisations
Staff stats: 284,000 spread across more than 700 offices in 150 countries
The good bits: Opportunities to learn, network, grow and move around within a huge company
The not so good bits: Long hours, especially during busy periods, bureaucracy
Hiring grads with degrees in: Engineering, Maths, IT & Computer Sciences; Finance, Accounting, Economics & Business Administration; Law & Legal Studies; Sciences; Humanities, Arts & Social Sciences; Medical & Health Sciences; Property & Built Environment; Teaching, Education & Human Welfare.
What’s now EY started off in 1849 with the founding of Harding & Pullein in England. Since then what’s now EY has gone through several iterations. In 1989, Ernst & Whinney, a descendant of Harding & Pullein and the world’s fourth-largest accountancy firm, merged with the world’s fifth-largest accountancy firm, Arthur Young, to create Ernst & Young. (In 2013 the name got shortened to EY).
EY’s main service lines are assurance, tax, transaction and advisory services. In contrast to its three major competitors, EY is not centrally managed. Rather it is organised into four regions: EMEIA (Europe, Middle East, India and Africa), Americas, Asia-Pacific and Japan. Each region has the same business structure and its own Area Managing Partner. EY believes this arrangement allows it to more effective service its global clientele.
The company has annual revenues in the neighbourhood of US$30 billion. It now numbers among its clients the Pope, who hired the firm in 2013 to help sort out the Vatican’s finances.
In 2019, EY came in at number nine on GradAustralia’s list of Top 100 Graduate Employers. Over the years, EY has won a trophy cabinet worth of awards for being a great place to work from publications such as Forbes, BusinessWeek, Fortune and ComputerWorld. It’s also been lavished with recognition for its initiatives to further gender equality, disability inclusion and LGBTI advocacy.
In 2018, EY Australia won employer of the year at the annual Australian Workplace Equality Index (AWEI) awards and is now listed as a Platinum Employer.
EY has a well-earned reputation as a good corporate citizen. It backs programs such as Entrepreneurial Winning Women and Strategic Growth Forum that, respectively, provide encouragement to high-potential female entrepreneurs and facilitate entrepreneurs from around the world meeting up to share their experiences. It also supports education and mentorship programs and environmental efforts. EY’s people are encouraged to engage in skills-based volunteering with this classified as a “key professional development experience”.
You’ll require a bachelor degree in an appropriate discipline with at least a pass average. EY recruits students from many different degree backgrounds including accounting and finance, business, commerce, economics, engineering, IT and information systems, law and science. Those with psychology and HR degrees are encouraged to apply for the People Advisory Services team.
The process begins by going to the company website to fill out an online application and undertake cognitive and behavioural testing. The next step is to attend an assessment centre to undertake a group activity and interview. (Expect to have to deal with case-study scenarios and demonstrate industry knowledge). Before applying you will need to choose to work in Adelaide, Brisbane, Canberra, Melbourne, Perth, Darwin or Sydney.
Remuneration is on par with the other ‘Big Four’ graduate programs, with salaries in the $50-70,000 range. There are attractive leave arrangements, including generous parental leave, the ability to purchase up to six weeks of extra annual leave and the option to take three months’ unpaid leave to enjoy a ‘career break’. There are flexible working arrangements and discounts on an extensive range of goods and services. EY will pay for or subsidise training and professional memberships. It also has a well-resourced health and wellbeing program that includes free flu shots and cheap gym memberships.
Senior people are encouraged to mentor less experienced people and there’s no shortage of formal and on-the-job training. Although you’ll have to stay in Australia for the duration of your graduate program, there are opportunities to work with people from around the world. Given the size of the business, there are always job opportunities coming up both domestically and internationally. EY sees its greatest asset being “high-performing teams”. If you’re a high performer you can expect to rise through the ranks from a graduate, to senior manager to partner.
Being one of 284,000 people in one of the world’s largest businesses means you have to deal with bureaucracy. That noted, EY does what it can to make its people feel valued, in particular by providing the training and coaching they need to advance their careers. It’s a high-performance culture but teamwork is encouraged and most people find the workplace friendly and supportive.
Overall satisfaction rating among grad employees: 3.8 stars
Why choose your organisation?
The future is an exciting place. Could you answer the questions of tomorrow, today?
As technology transforms the way we all live and work, your success will be defined by your mindset as well as your skillset.
When you have the right mindset, you are better able to adapt, lead and manage through change. The right mindset puts you in control of your growth, career path and future as you continue to learn and acquire new skills. Your curiosity, open-mindedness and enthusiasm will help to shape your future and ours.
Here at EY, you'll focus your intelligence and imagination on the most crucial, complex issues facing business, government, and society today. With access to on-demand learning, formal training, coaching and real time feedback to help shape your career and prepare you for the future.
We bring extraordinary people, like you, together to build a better working world.
What can candidates expect in your recruitment
In today's world, technical skills are evolving faster than ever, as is the rate at which they become irrelevant or obsolete. Due to that, it's increasingly less about what you know and more about how you learn that's going to define success.
It's less about Skillset and more about Mindset (Mental agility)
What remuneration and career growth