I have an interview soonish.
They have the financial industry separated out into a separate division including all services (advisory/TAS/tax/assurance). Most information here on WSO is for that division-- typically the FSO-Business Advisor Program.
This is non-FSO performance improvement. They seem to be hiring pretty aggressively but it's tough to find much information.
Any information/insults appreciated
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Currently working at EY Performance Improvement (PI):
1) The team is focusing on Strategy & Ops, doing rather advisory than implementation work 2) A lot of turnaround / operational improvement projects 3) Heavy push for growth in the recent months, PI want to move more into strategy space 4) Would say it is EY's version of Deloitte S&O although smaller 5) So far the team is great and I am really happy here.
If you have more questions, let me know.
i would second the comments above and would like to add 1) hired into a program much like the academy of PwC 2) a lot of work related to supply chain initiatives 3) the dept gets a lot of attention from the firm and heavy heavy push towards growing this practice
Would like to bump this. Johnny and Andrew, did yall move over from other consulting firms? Don't want to out you dudes, but just trying to get a feel for the backgrounds they look for.
More prestigious than FSO?
bump. I am curious about this as well.
To answer your questions:
1) EY's Advisory is a pretty young practice hence, as you can imagine, a lot of of people in Performance Improvement transferred from other consultancies. Managers/SMs/Directors/Partners that I worked with came from various firms e.g. Accenture MC, AT Kearney, Deloitte S&O attracted by the prospect of jumping into a highly growing business (fast-tracking career) and quite high level/advisory type of work. It is also easier to shine in a smaller peer group.
2) Regarding FSO - it is kept very separate from the rest of the business. In terms of prestige, it is a more mature service group than the non-FSO team but I would personally not call services they provide "typical management consulting". Majority of their work relates to risk management, IT advisory or shared services simply because that's what financial services firms need EY for. Personally I would rather advise TMTs, retailers or pharma firms on transforming their operations or customer strategy (that's what Non FSO Performance Improvement does) than advise insurance firms on liquidity issues etc. It all depends where your interests are.
Have you seen/heard of folks transferring from FSO to non-FSO PI? I agree the non FS work sounds infinitely more interesting - seems to be the case across the Big4 advisory practices.
I hear they're trying to grow the practice and are hiring pretty aggressively? Can you shed any light on this?
Thanks for all the info!
p.s. - is your sn in relation to the band?
@JohnnyForeigner
Is there a Technology Advisory/Consulting role in PI or only with FSO? I'm specifically interest in IT Strategy type work.
Yes, there is IT Advisory department that is quite big. They don't do systems integration or implementation so the majority of projects there are target IT operating model, IT strategy and cost efficiency. They work a lot with energy & utilities companies.
Very interesting. I believe FSO Tech Advisory is on the same lines as PI in regards to non-implementation work. I wonder if there is any real difference between the programs besides clientele.
Yep, the name comes from the band, good spot :) There were quite a lot of transfers to Non FSO PI from other parts of the firm. I personally worked with people who came from FSO, Tax and TAS, however bear in mind that they got "downgraded". Internally, Advisory is definitely the highest growing area. The firm is really pushing for expansion, their is a strong focus on rebuilding the practice and I personally feel that EY is investing a lot in Advisory. The financial results were out couple of days ago - global Advisory growth 18%, the rest 3-7%. They are planning on recruiting more people and they are heavily shopping around - e.g. recent acquisition of small strategy firm Greenwich Consulting or a supply chain & ops consultancy couple of months ago.
In terms of the difference between the IT programmes, it is quite hard for me to answer this. I would choose between the two depending on the sector that I would like to specialise in.
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