EY Financial Services Advisory
How does this area compare to general consulting? They have sold the opportunity to focus on Financial Services as a positive, but I am unsure whether to agree with this. Any thoughts are greatly appreciated!
Versus a corporate job? Sure, good choice. Versus a strategy consulting job at Big 4 (Deloitte S&O for example)? No, not really. Versus a strategy consulting job at a top shop (MBB)? Absolutely not.
I had a roommate in EY FSO advisory and he loved it. Culture there was great, but the work isn't exactly strategy or anything like that. EY's FSO practice is split into audit, tax, and advisory for financial services clients, which is great if that is the industry you are interested in. However, the advisory practice contains all the same branches that EY's main advisory service line has. Do you know what you are interviewing for? It could be anything from transaction services to IT consulting. I would guess it would be a lot more focused than general consulting depending on what you specifically do, but there is something to say for the fact that the majority of people I know there have a great time and don't have any crazy hours. So if you are interested in general consulting it may be a little specific, but it is a solid position in it's own right.
As the above poster mentioned, the group is pretty much the same as the rest of EY except you focus on a specific clientele rather than a geographic area. You can be in a variety of roles in FSO Advisory. Working with financial service clients has it's own challenges in regards to understanding the business, regulations, etc. One thing to note is this isn't Financial Advisory, which is another practice, but general consulting at finance companies.
If you like the financial world and want clients like Morgan Stanley or Blackstone, maybe this is the group for you.
I interned there this summer and quickly realized that it was not what I had thought. I did not end up accepting the job offer because I wanted to do real consulting. They have a TAP and ITRA program in their financial services line. The ITRA program is more risk and assurance will TAP is a little bit more similar to consulting. If you want anything remotely similar to consulting, do TAP. It is still nothing fancy but better than doing ITRA.
What SacrletIntern said is very true. There are roles in the advisory space that are more audit based. ITRA is more along the lines of technology audits rather than consulting.
TAP is technology consulting, but more strategic rather than implementation work. BAP is similar to management consulting with opportunities in financial advisory as well.
Financial Services Risk Management roles in EY Advisory (Originally Posted: 02/01/2015)
Financial Services Risk Management roles in EY Advisory
Any questions / referrals about EY Advisory groups within the Financial Services Practice, please PM me.
Happy to help.
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