Company: EY
Date: 2013-06-18
Overall rating: 4/5
Employment status: current
Experience level: Confirmed

A good place to be, as long as you know what you want out of your time here.
Pros: This review relates to Advisory services and specifically Performance Improvement.  Smart, high-quality people at all levels. Culture of flexible work within the demands of the client and/or project.  Commitment to developing people through education and on the job training.  Rigorous performance review process.

If you are looking for challenging work and learning opportunities, this is a good company.  It is a great firm to be a partner in, or to have on your resume.  Understand which direction you are headed in and you can capitalize on your opportunities to build a career.
Cons: Demanding client work plus the expectation of contributing to sales pursuits and internal initiatives drives a work/life imbalance.  

Titles at EY (in Performance Improvement) work at a lower level compared to other Big 4 firms.  For example, Managers very often have no oversight or project leadership roles and are primarily responsible for developing work products individually rather than managing teams.  Put another way, EY does not leverage lower level consultants well.  

There is a small variable pay component instituted for FY13 to be paid out in early FY14.  It is based solely on performance among peers and depends on the firm hitting overall goals.  

The primary incentive program is getting promoted, and he up-or-out model means that compensation and career advancement are limited to your ability to outperform your peer group.  This is not bad by itself, but is not for everyone.