Management Consulting/ Advisory - Mediocre at best - Associate EY Employee Review

2.0
16 Feb 2019
Recommend
CEO approval
Business outlook

Pros

- Colleagues are generally nice (mainly juniors e.g. assocs/ seniors) - Flat culture, associates can easily engage managers, directors, and even partners - Good firm reputation (good exit opportunities) - Exciting/ challenging learning curve (get to learn quickly, managing clients, presenting proposals at such an early stage in the career can be exciting)

Cons

- Poor remuneration (pay is extremely low within the industry, be mindful you are doing management consulting work) - Poor benefits (office facilities are bad considering it is at one of the best commercial real estate spaces in singapore, pantry is just disappointing, no CNY celebrations, overseas trainings are clearly running on tight budgets) - Lack of organisational culture (no distinct culture within the whole firm) - Uninteresting projects (large part of the projects are Tech based projects, even if you're not from IT Advisory or IT Risk Advisory) - Top heavy (lots of hires at manager/ senior manager levels, too little doing grunt work, which causes associates/ seniors to bear the brunt in the end)

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5.0
23 May 2026
Recommend
CEO approval
Business outlook

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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