When the EY split happens, FAIT will be on the Assurance/EY side. Even if the split doesn’t go through I heard FAIT will be moving to Assurance next year as well. Do you think salaries will be lower than what they would have been when we were part of Consulting and FAIT will have a harder time getting talent?

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Until all Big 4 follow (if they do), EY still has to keep up with salaries of other firms or they will quickly lose all their talent (or do so even quicker than we are now).

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What is FAIT?

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Financial Audit IT (FAIT), EY's acronym for external audit support on channel 1 accounts. They classify all the consulting engagements under channel 2.

If not part of consulting I would assume that the salaries would be lower comparatively.

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It’s wild that they actually call FAIT “business consulting”

It would be more honest to just call it risk assurance

Source? I'm part of tech risk but only have ch2 clients

TR with only Ch2 also. Partners are asking me which way I would want to go if there’s a choice. Seems like some of us will not stay with Assurance.

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They don’t pay Tech Risk on par with Consulting already. Like others have said, it would be ill advised to pay even less just because of a reassignment. They would have major retention issues.

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