E&Y Business Advisor Program interview for BAP program: more info?

I have an upcoming 2nd round interview at E&Y for their Business Advisor Program (BAP) in their Financial Services Office (FSO) in NYC. Does anyone here know anything about this group, and the interview process?

The interview process involves 2 behavioral interviews, a case interview and a writing assessment. I have no clue what type of case interview to expect. If anyone can provide some insight, I'd really appreciate it.

Most of the work that this group does is provide various advisory services to financial institutions including banking/capital markets clients, asset managers, and insurance companies. Services include areas such as risk management, treasury, accounting, securitization, regulatory compliance, finance, operations and internal audit.

Thanks in advance

 

As far as the interview process goes, the case was pretty simple. It was about a regional bank that was expanding by acquiring smaller town banks. I'd say the emphasis on the case was understanding the regional banks risks in the acquisitions. This program is all about identifying client risk and managing it. The writing sample was very simple. We had the choice of answering one of two questions: one was about a financial trend that was recently in the news, and the other was a "tell me why you're qualified to work here" question. I'd say there isn't much use in doing a ton of preparation other than reading your WSJ every day.

 

Hey, I have an interview for the BAP and was wondering if you could provide some insight into the case and what how I can prepare for the Case.

 

The BAP is a rotational program through different areas of Advisory (not Transaction Advisory).

BAP areas broadly include Financial Services Risk Management (FSRM), Performance Improvement (PI), and Process & Controls (P&C). Sub-services lines include Credit, Market, Operational, and Treasury Risk, Quantitative Advisory, Derivative Valuation, Regulatory Compliance, AML, Structure Finance, Insurance & Actuarial Services, Finance Mgmt, Operations Improvement, Treasury Advisory, Consumer Banking Operations, and Process & Controls.

Separately, we have the TAP.. Technology Advisory Program.. with several sub-service lines.

 

i know 2 guys who did it. they basically rotate you through various types of engagements to expose you into different areas of financial consulting (its aligned with the FSO from what i understand) and then once you complete it (if your still around) you focus on one area. this however is dependent on the types of engagements they win and so forth, but their financial consulting arm is very strong (its the majority of the business). EY is all about finance. also, i think you rotate every 3 months unless your request to stay longer on a particular project. i have heard that sometimes people get frustrated because by 3 months they are well acquainted with the work and the client, but then have to move onto the next engagement and start over. all in all, its a strong program, good work, good name, big clients (all name brand), lots of travel

 

Hi, thank you so much for your answer. How prestigious is this program compared to other consulting firms? Would this be placed 2nd or 3rd tier? And also would people doing this program considered to be management consultants? or just risk, business advisors?

 
Best Response

one day your going to learn (once you are in consulting) that "tiering" firms is stupid. at the end of the day, there are the strategy firms (MBB,LEK,OW,Monitor) and then there is everyone else. i have yet to run into someone in the industry who compares firms by tiers. its just the elite and the non-elite. plain and simple. (that doesnt mean working at a non strategy firm is going to be bad and that you wont have a very good living...also, getting a job at MBB is f*cking hard and near impossible without a solid mba,etc.)

as for your other questions, i do not know how it compares. i would imagine it has its benefits and disadvantages just like any other rotational program out there. you honestly just need to see where you can get a job and once you have offers, you can weigh the benefits and disadvantages that suit your career goals, lifestyle, etc.

nobody in the industry is a "management consultant" except for the strategy houses...

for example, in healthcare you may pitch once in a while to a director or VP or whatever, but your never going to be in the same type of work and pitching to the board of directors, CEO, etc. as you would at MBB/LEK/OW etc. its just completely different kind of work. strategy is the crux of a companies management, hence whey they are "management consultants." everyone else just does operations and other random shit. i guess you could just say they are advisory, or like financial consultants if you really needed some sort of identification/title.

 

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