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EY

U.S. headquarters: 5 Times Square
New York, NY 10036
Employees: 175,000
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. In Europe, the firm also provides legal services. 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 2013, EY reported revenues of $25.8 billion, up from $24.2 billion the previous year.

Globally, EY supports 26 industry sectors, and operates Global Industry Centers for half the industries that it serves. The Centers are dedicated to bringing insights to clients, sponsoring dialogue among industry stakeholders and linking our professionals to facilitate collaboration and knowledge sharing. Member firms provide specific services for industries on a country-by-country basis.

During Fiscal 2013, EY recruited more than 38,000 full-time staff (24,000 graduates and 14,000 experienced hires) and 12,500 interns and grew its headcount to 175,000. EY expects to hire more than 42,000 (27,000 graduates and 15,000 experienced hires) full-time people and 13,000 interns in Fiscal 2014. In July, EY announced that 131 (26%) of 520 new partners were women, up from 19% five years ago.

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

EY revenues by area – US$ millions

Region

FY13

FY12

% Change

US$

Local Currency

Americas

$10,750

$9,820

9.5%

10.4%

EMEIA

10,943

10,459

4.6

7.0

Far East

2,934

2,813

4.3

3.9

Japan

1,202

1,328

-9.5

0.8

Total

$25,829

$24,420

5.8

7.7

EY revenues by service line – US$ millions

Service Line

FY13

FY12

% Change

US$

Local Currency

Assurance

$10,936

$10,714

2.1%

4.1%

Tax

6,946

6,579

5.6

7.2

Advisory

5,751

4,956

16

18.0

Transaction Advisory Services

2,196

2,171

1.2

2.7

Total

$25,829

$24,420

5.8%

7.7%

Employees by area

Region

FY13

FY12

% Change

Americas

53,835

50,256

7.1%

EMEIA

84,224

81,022

4.0

Asia Pacific

29,893

29,294

2.0

Japan

6,856

6,653

3.1

Total

174,808

167,225

4.5%

Employees by service line

Service Line

FY13

FY12

% Change

Assurance

66,156

64,544

2.5%

Tax

35,358

33,676

5.0

Advisory

29,747

27,046

10.0

Transaction Advisory Services

8,776

8,598

2.1

Practice support

34,771

33,361

4.2

Total

174,808

167,225

4.5%

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 March 3, 2014

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