October 29, 2020

EY Thinks It Is the Harvard of the Big 4

Big 4 CEOs comparing their firm’s acceptance rates to those of an Ivy League school is soooo 2012. And soooo 2015. Deloitte Global CEO Punit Renjen used to do it all the time, proclaiming Deloitte as the Harvard of the Big 4. But the whole “we’re more exclusive than Harvard” boasting had quieted down some and we thought (and hoped) it had finally gone away for good.

Nope.

Based on those numbers, what Di Sibio said is technically correct and he probably got loud applause and hootin’ and hollerin’ from all the new Black and Yellow promotes attending the EY Milestones event.

EY’s acceptance rate is 3.5% in 2019. Harvard received 43,330 applications for the class of 2023 and admitted only 1,950, for a rate of 4.5%.

But boasting that a public accounting firm is harder to get into than one of the, if not the, most prestigious higher education institutions in the world is just dumb.

If I were to ask 100 high-schoolers whether they’d rather be admitted into Harvard or into Ernst & Young, 98% would say, “What is Ernst & Young?” and 100% would say Harvard. See, comparing the two is just dumb.

Plus, those lucky enough to make it into and graduate from Harvard with a degree in engineering, economics, computer sciences, or biology (or pretty much any degree other than accounting) are gonna make a starting salary that’s a hell of a lot more than the starting salary they would get at EY. (Unless they are an accounting grad who starts their career at EY right after graduating from Harvard, and then we’d need to question how smart they really are.)

Just stop with the comparison. Stop it.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

EY Poaches Someone From PwC and Issues a Press Release, Part III

EY U.K. is so excited about its recent hire of a former PwC partner that someone in communications actually sent us this message earlier today: I absolutely loved the first two parts of your ‘EY Poaches Someone From PwC and Issues a Press Release,’ To complete the trilogy, I wondered if you’d be interested in […]

Question of the Day: Is EY the New KPMG?

For as long as I can remember, KPMG has always been the butt of Big 4 jokes: Big 3 + KPMG, a golf apparel company masquerading as a Big 4 firm, the red-headed stepchild of the profession, always a bridesmaid and never a bride, Scott London, Caleb worked there, etc. But with the whole “pancakes […]