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What’s it’s like working at EY tax? I heard they recently fired a bunch of people. Got an offer but not sure if I should make the move.

likesmart
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I highly recommend looking at specific tax sub service lines at EY and reaching out directly to a few seniors or managers on LinkedIn and set up a call to ask.

There are EY partners who take the working environment very seriously. If you work under them you will enjoy going into work every day and will be given room to grow and be highly productive. There are also parts of tax that have a completely toxic working environment. It is impossible to get quality work done because of the chaos and you can expect to get thrown under the bus. The leadership for wherever you go sets the tone.

The way that the layoffs were handled is definitely a cause for concern. Instead of just calling them layoffs they were packaged as performance based separations. I don’t know why the firm did that instead of just be up front like the other big 4.

That said, don’t shy away from EY entirely. There are areas in tax that are great places to work. Do your due diligence though. There are parts of tax that are grossly mismanaged and run on a “the beatings will continue until morale improves” mentality. You really do not want to end up in that situation.

likehelpful

Thank you for the Insight. Do you currently work at EY? What’s the service line you are in?

I was at EY tax for 8 years and then moved to PwC. It is so dependent on the leadership of each practice and group. I spent my several years at EY in one city with great leadership and then transferred to the same practice in another city where I didn’t feel supported. It’s difficult to compare firms just as EY v PwC because it’s so dependent on who you work for/with. However I do agree PwC technology is much better and more user friendly than EY.

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Bro you should definitely do it. EY tax is hella lit best hours and the firm really cares about your growth and success in your journey to partner 🥺

funnylikeuplifting

@Deloitte - EY3 is correct, I “ain’t” at EY. But I actually did start my career there until I hit senior manager. I then decided to lateral to a mid-tier to gain some work-life balance.

Nothing but great things to say about EY. It took a few years off my life working that many hours, but the learning experiences were top notch and opened a lot of doors down the road.

likefunny

Ey the people are nice and there is not a big push to get things out ASAP.

The technology is honestly the worst thing I have seen in my entire career. I have seen better technology and processes in smaller cpa firms.

Finally they fired a lot of people with no warning whatsoever after busy season. They gave about 6-8 weeks severance. Now many have quit and they are rushing to hire whoever they can. Is that where you want to work?

May I ask why do you want to leave deloitte?

likefunny

Don’t just jump on the opportunity “for the money”. The technology and admin are very real issues. I was at EY and it drove me nuts...it makes the job very frustrating and unfulfilling. At Deloitte admin is easier because the technology WORKS. Technology does not work at EY and you find yourself searching aimlessly for Information and doing things over and over again. It is a night and day difference.

Make sure you consider 2 factors with the pay increase if you plan on having a long term Big 4 career -

1) it is temporary - they only pay you a premium to get you to move over, then slow down your annual pay increases - if you are good, you will likely be in the same place here comp wise in 2-3 years; and

2) is it really worth it AFTER you take out the increase NET of taxes?

Good luck...

likehelpful

Take the money. People on here are complaining about the tech. While it’s bad, who cares, admin is generally a small part of your day. I came from Pwc. While I sometimes reminisce about the tech and some of the processes, I make 20% and the people are generally nicer. That’s more important than the technology.

likeupliftingfunny

People on this app just want to be doom and gloom and tear people down.

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While I get that EY technology maybe bad, there are lots of investment being made to make it better. It may or may not work but leaders are working on making it better.

As many people have said here already, people at EY are friendlier compared to PWC and Deloitte. Several people left EY from my group and have mentioned to me that they miss EY culture. Several even came back to EY after few years. At the end of the day, we spend more time at work than we spend with our family. I would take a great team all day long over great technology.

likesmart

I would echo EY3’s comment. In a big firm like EY or other big 4, it would not be same in every group. I have found a group that I like and have made friends with people who I work with. I would say our culture is very good already and we are working to make it even better.

Thanks to everyone who commented on this post. I’ve decided to Join EY. I out a lot of thought, time and research into this and I fee confident and excited about this next move in my career. Thanks again for all of the feedback!!

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Good luck!

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Lol

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Can someone explain to me (an EY lifer) what others firms have that everyone agrees is better tech? (Not saying I dispute these comments, just I don't know what the others have)

helpful

From what I’ve read, there’s a level of intuitiveness and user consideration that doesn’t appear in all tech. The final product may be the same, but the effort needed to get to the finish line is different.

At PwC I came in as an experienced hire from a mid tier firm. It’s a bit weird to say it but you can very clearly tell that the internally built applications were created with the professionals in the driver’s seat as opposed to the engineers.

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Good Luck! And welcome!

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Don’t do it. Just left there. They use excel for everything and the work papers just crash your laptop. And you usually work 80 to 90 hours a week

funny

Really?!

I left the Tysons office. Year round was usually 45-55 hours on my team. Busy season was brutal

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I am not in real estate I am in FSO so hopefully it’s a little calmer.

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In the same boat.. got an offer from EY, been thinking if I shud switch

Which office ?

Any EY partners on this thread? 😅😉

What group will you be working in for EY. If it’s anything FSO related, especially asset management tax, I wouldn’t do it.

It depends on your city - I'm in FSO Indirect and I'm not working 70+ hours for months on end. NY is probably the toughest because of the volume of work.

I don’t “usually” work 80 - 90 hours a week.

I do compliance and provision.

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