Pop the champagne corks – we finally received some inside goss from inside Ernst & Young!
In response to our post earlier in the week profiling the ludicrous PWC CA policy, we received the following comments from an anonymous EY spy:
I’d like to mention that Ernst & Young also has the same policy to PwC in terms of failing 2 CA subjects and you’re out. But on top of that, if we fail a subject we owe E&Y $1k (per subject) for study assistance /time off etc. Can you believe it? We already work ridiculous hours to get through the piles of work AND we also have the added pressure of having to study and pass our CA subjects otherwise we could lose our jobs AND owe E&Y $1k! Theres really no such thing as “study assistance” because they’re gonna get their moneys worth anyway. Watch those fancy grad brochures… they are empty promises.
No, we can’t believe it either. As for fancy grad brochures … yeah, we’ve seen those too. Interesting how the finer details of “piles of work” and fanciful “study assistance” (read “undue stress caused by potential loss of salary”) never make the fine print of glossy firm spruiking, don’t you think?
EY spies – please keep up the good work. We need more from you, more often.
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Deloitte has the same policy. And they are ruthless at enforcing it too!
This is not true at all! I work within HR and this is NOT firm policy, if you fail a unit you have to pay to resit the unit again but you are not fired!
I agree you wont be fired for failing on subject, but paying to resit the subject is in fact paying EY for failing.
I know in other firms this is not the case.