Has anybody done an E&Y interview?

#1

I unfortunately got rejected from E&Y without interview- if anybody has experience of what the Ernst&Young interview process is like, please write about it because it would be of great benefit to a lot of hopefuls.

Chris.

#2

My first round with EY is a paper-based numerical test, which was informed results within 2 or 3 days. Just get their email that due to the extremely high season, the AC for EY this year will start from the end of March (if my memory is ok) the earliest. By the way, i applied for Audit, and I heard the HR mentioned financial auditing during the paper test. Not sure about other lines. Hope it helps.

#3

hey cindy. i was wondering if you had attended your AC day yet? i got through my first round interview and now i’m just trying to glean as much information as i can about the AC day! i applied for Business Advisory.

anyone else got any ideas?! thanks

#4

hi i’v just booked my paper based numerical test. Any advice you can give me. Maths under pressure was never my strongest point, and I believe I answered around 14 of the 20 questions given for the online one and passed. What was the paper based one like? (i.e Similar to the online one). Any hints or tips you can give me would be greatly appreciated.

Thanks

#5

Hi,

I don’t want to alarm you but the paper based test was much harder than anything I had done online.

Like the online test, the paper based test is multiple choice with 5 questions based on the same series of tables of graphs (usually 2 or 3). Don’t quote me but I think there were around 50 questions and the test was time pressured so you will have to choose your questions wisely.

For me, the test seemed to get harder as it went on so try to get as many correct as you can early. It is likely that no one will finish the test and those who do are either maths pro’s, have guessed the answers or are lying.

In a way this is good and is why the test is set in the first place - you are not expected to get them all right. If you have a particular type of graph/table which you find hard to understand or know prior to the test that you struggle with, just move on to another question. I attempted around 75% of the questions and know for a fact I did not get everyone right but I made sure to read every question.

Basically there are 3 types of questions and you usually tell which box each question fits into within a few seconds of reading it.

  1. Questions that you think you can find the answer to quickly – these questions should give you 60% of your mark and are questions that you must attempt so make sure you have a look at every question before you finish.

2 ) Questions that you understand but can see from the graphs/tables that they will take you a little while to work out. These should make up around 30% of your mark and should be attempted after you are confident that you have answered all the quick and easy ones.

  1. Questions that you do not understand or know you cannot calculate without delving much deeper into the graph/tables. These answers make up the remaining 10% of your mark and are usually an educated guess at the answer from a possible 2 or 3 which you realistically think it could be.

For the life of me I can’t remember if the test was negatively marked but I presume this was why I only attempted 75% of the questions so if this is the case don’t risk any group 3 questions unless you have the time at the end to get your head round them. Read the first question in each section before looking at the graph to see if you can spot a quick answer as sometimes it can simply be a case of taking a value from the graph or adding a few numbers together.

There were also a few questions which were deliberately deceptive so be careful. For example, the first graph in a question may go in chronological order from left to right whereas the graph below which you are making a direct comparison to will go from right to left. Always make sure you have read the information on the graph/tables correctly. Sometimes the values are in thousands or millions so remember to scale up your answers before ticking the box.

Make sure you get the easy ones right and check them at least once - they will have multiple choice answers included which pick up on common errors such as decimal place scaling or questions where an incorrect value can be easily but mistakenly used in the calculation.

I didn’t see the people that rushed through the test at the next stage so just stay calm, pick up the easy marks and play your own game – don’t worry how far through the test the person next to you is because they might have them all wrong.

#6

does anyone know the pass rate of the paper-based test please?

#7

how should people dress for the paper test, business suits and ties?? what is the difference between formal and casual business dress?? :confused:i really do not want to be over-dressed, and equally too casual. can anyone explain? many thanks.

#8

Hey,

I’m not 100% sure that casual business dress would be ok for this. I would have thought not. Call up HR and ask them what i suitable - yes, you can do this if they haven’t specified. If HR aren’t too specific, err on the side of caution, and wear a smart business suit + tie.

Usually, if you’re not sure what to wear, then you should be wearing a business suit with tie. You can’t go wrong by being a little too formal, but if you turn up in casual attire when everyone else is in business suits, you’ll look out of place and very stupid. Not good!

Formal business dress is: smart suit (black, dark blue or pinstripe) with smart shirt (white is best, or white with a subtle stripe) and tie (blue shows confidence, maturity and intelligence - don’t go for anything too garish). It goes without saying that your shoes also need to be smart, black, and polished.

Casual business dress is: smart cords or suit trousers (dark colours, possibly grey/light grey) with smart shirt (pastel shades are ok - you can be slightly more daring than business dress, but only slightly) and no tie. A simple v-neck jumper is fine, or a navy blazer/suit jacket is a good touch. Your shoes also need to be smart, clean and polished but could be dark brown - as with shirts, you can be a little bit more daring than you would with a business suit, but I really do mean only a little bit.

I would suggest that everyone turn up for everything in Accounting, Law, IB and Consulting in a smart suit with tie. You need to create the impression that you’re set to do business with clients from day one. Don’t turn up looking like a student. You won’t get hired. Turn up looking like you are an Accountant/Lawyer/Consulting/etc.

Find more information on the wikis, here - General interview advice - WikiJob - feel free to add to this as you see fit.

Good luck - let us all know yoru experience of your tests/interviews. We are interested!

Ed

#9

Point of Note Focus and BBBOBO - your posts should really have been made in separate threads - BBBOBO, you might get more luck with replies is you repost as a new thread, FOCUS - you might get some more luck too.

Thanks guys,

Ed

#10

hi, Ed
Thank you for your reply. That is a really detailed and helpful explanation!!
I will definitely share my experience for paper test/interview once I’ve done them. Good luck to everyone.

#11

Hi,

I am applying for Birmingham Office, Business risk service.

I had my first round interview with EY. It is one hour competence-based interview.

Questions asked:

1.tell me a time when you worked as a team? what was your role?
2. What is your biggest setback?
3.Tell me a time when you influence someone?
4. What is your biggest achievement?

If the manager was interested in your example, they may aske further questions about your answers.

Then career motivation:
1 What do you think EY differentiate from others?
2 Why business risk service?

Very standard interview. No commercial awareness questions. But it is better to prepare some business stories before interview. Just in case.

Hope it helps:D

Good luck

#12

Hi,

I applied for the business risk service, Audit & Assurance Group.

I am wondering how to answer the question ‘What do you think you will be doing in your first year?’

I have searched the Ey website, but not so much information there. Can someone shed some light on it please?:stuck_out_tongue:

Thanks a millions!

#13

I think, if they ask me, of course if they, i would say.

I will be on trainings, will be floating among other departments, basicly, 3-4 related departments.

#14

You will be:
[LIST]
[]Studying for exams
[
]‘Ticking’ and ‘bashing’
[/LIST]

‘Ticking and bashing’ refers to the checking of accounts- it is the most mundane, arduous form audit work, always given to the audit juniors.

You WILL NOT be floating between departments (contrary to what londonbloke just said). It works that way in investment banking but not in accounting.

#15

poor me, i have had that opinion until today. what a surprise. have not been to big4 environment. interesting to know. thanks chrism

#16

Thank you so much. :stuck_out_tongue:

#17

[QUOTE=chrism2671;768]You will be:
[LIST]
[]Studying for exams
[
]‘Ticking’ and ‘bashing’
[/LIST]

‘Ticking and bashing’ refers to the checking of accounts- it is the most mundane, arduous form audit work, always given to the audit juniors.

You WILL NOT be floating between departments (contrary to what londonbloke just said). It works that way in investment banking but not in accounting.[/QUOTE]

My KPMG interviewer told me that she shifted around about 4 times in her first year.

#18

maybe she did but u dont want to say tht at interview as it doesnt show commitment to one area and that you dont reali know what u want to do.

#19

Thegreatdebate is exactly right. You need to show that you have a passion for the job you are applying for, not that you messed around working for a bit, leaving, getting another job, leaving, not having any idea what you wanted to be…even if this is true!

#20

The way she phrased it was that she was able to gain a lot of experience of different environments very quickly. It wasn’t that she wanted to change, but that she was given the chance and she took it.