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Employers

EY

U.S. headquarters: 5 Times Square
New York, NY 10036
Employees: 247,570
CEO: Mark Weinberger
Privately held

Website: http://www.ey.com

Career Page

Ernst & Young is one of the world's top professional firms offering services related to accounting, audit and risk-related services, tax, and transactions.

The company changed its name to EY in 2013.

EY has over 700 offices in 150 countries.

The firms' clients are in a broad range of industries including financial services, health sciences, technology, communications, entertainment, real estate or retail and consumer products, among others.

In fiscal 2017, EY reported revenues of $31.4 billion, up 7.8% from the previous year. All EY service lines grew in fiscal 2017: Assurance grew 4%; Advisory 10.4%; Tax 7.9% and Transaction Advisory Services (TAS) 15.5%.

Mark Weinberger, EY Global Chairman and CEO, said: 鈥淲e have once again achieved strong revenue growth in what continues to be a complex business environment. In this disrupted and fast-paced world, clients are increasingly turning to EY for advice and insights on how to better manage risk, where to seek growth and how to weave digital into their strategies and operations. EY has a holistic approach to digital transformation and innovation, which is embedded across all service lines and sectors. Significant investment in people and new technologies have allowed us to respond to the dynamic environment.

鈥淲hile remaining focused on providing high-quality services, we are embracing these changes and utilizing technologies like robotic process automation (RPA), artificial intelligence (AI) and analytics to support clients as they work their way through these changing times.鈥?/font>

Overall, headcount increased by 7.3%, reaching 247,570 people globally. It saw 669 people promoted to partner and more than 385 new lateral partners in FY17. The diversity of EY senior leaders also increased, with 36% of new partners coming from emerging markets and women representing nearly 30%.

More than 65,000 people were hired over the past year.

EY made 13 acquisitions in fiscal 2017.

The company's Times Square office supports 5,800 employees. Global headquarters are in London.

Employees by area

Region

FY16

FY16

% Change

Americas

71,489

69,718

2.5%

EMEIA

124,296

112,871

10.1

Asia Pacific

43,858

40,491

8.3

Japan

7,927

7,720

2.7

Total

247,570

230,800

7.3%

Employees by service line

Service Line

FY17

FY16

% Change

Assurance

86,562

82,555

4.9%

Tax

49,386

46,216

6.9

Advisory

53,525

48,104

11.3

Transaction Advisory Services

13,654

12,236

11.6

Practice support

44,443

41,689

6.6

Total

247,570

230,800

7.3%

EMEIA = Europe, Middle East, India and Africa

History

The founders of Ernst & Young never met. A.C. Ernst and Arthur Young were both very different people. Young, born in Scotland in 1863 and a graduate of Glasgow University, was privileged and soft-spoken. His interest in investments and banking eventually led him to accounting. He migrated to the United States, settled in Chicago and, in 1906, founded Arthur Young & Co.

By contrast, the outgoing Ernst, born in 1881 in the United States, in Cleveland, was basically self-made. Following high school, he worked as a bookkeeper and, four years later in 1903, joined with his brother, Theodore, to start Ernst & Ernst.

Ernst pioneered the idea that accounting information could be used to make business decisions-the forerunner of management consulting. He also was the first to advertise professional services.

Young was profoundly interested in the development of young professionals. In the 1920s he originated a staff school; in the 1930s, his firm was the first to recruit from university campuses.

Both firms were quick to enter the global marketplace. As early as 1924, they allied with prominent British firms-Young with Broads Paterson & Co., and Ernst with Whinney Smith & Whinney. In 1979, Ernst's original agreement led to the formation of Ernst & Whinney.

A.C. Ernst and Arthur Young died within days of each other in 1948.

In 1989, the firms they started combined to create Ernst & Young.

Benefits

Health & Welfare
Medical Coverage
Dental Coverage
Health Care Reimbursement Account
Dependent Day Care Reimbursement Account
Vision One Eye Care Program
401(k) Plan - Matching contribution of 25% of the first 6% contributed after one year of service, 50% of the first 6% contributed after four years of service.
Retirement Plan - Vesting after four years of service

Financial & Legal Protection
Group Term Life Insurance
Group Universal Life Insurance
Group Variable Universal Life Insurance
Long-Term Care Insurance Plan
Accidental Death and Dismemberment Insurance
Business Travel Accident Insurance
Short-Term Disability
Long-Term Disability
Supplemental Long-Term Disability
Group Legal

Life Management
Flexible Work Arrangements
EY/Assist (24/7 access to trained professionals and licensed counselors)
Adoption Assistance
Parental Leave of Absence
Vacation and Personal Days - 15 to 25 days per year plus 3 personal days
Holidays - 8 observed holidays each year
Commuter Benefits
Mortgage Referral Program
Matching Gifts

Updated November 3, 2017

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