Company: EY
Date: 2019-12-23
Overall rating: 2/5
Employment status: current
Experience level: Junior

Consulting team, what value do we bring?
Pros: You can work on some interesting projects. You also understand big companies better as you work for one. Some great colleagues. Teaches you to work with all sorts.
Cons: EY FSO consulting works with major FS clients. They provide smart people to do repetitive activities (project management, remediation, case review, compliance checking). 
This was a great model when the banks were interested in these services. 
The business grew and grew. Then the top banks started getting harder and more difficult to deal with. More pressure on fees. This means that the normal EY consultant is getting squeezed. More demands for same or less money. 
Primarily this is because EY is too big and doesn't have the focus on excellence to compete on quality on a regular basis. It competes on brand, resource capacity and incumbency. There are pockets of excellence, but as a whole EY has to move a lot up the value chain to maintain its fees and all the massive corporate.overheads. 
Also a major bullying hierarchical culture. Needs to be fixed asap.