October 27, 2020

Promotion and Compensation Watch: Ernst & Young Communication to Come Eventually, Someday

Straight out of the Bubba Gump Shrimp location up the street from 5 Times Square:

Ernst & Young, Financial Services Office, NY
Received communication that our annual ratings were finalized and discussions between counselors and counselees to occur by July 30. Promotions are still not final, but promotions and compensation will start to be communicated in August (to be effective October).


So t-minus three weeks (give or take a day here or there) until “you’re not going to be disappointed with raises” which apparently could mean that they will make PwC’s raises look like chump change (for auditors anyway).

BUT! In case you need a refresher on the numbers so far: 3-5% is what we last heard for those in the meaty part of the curve. No word on what top performers are getting but speculation is welcome. Keep us updated.

Straight out of the Bubba Gump Shrimp location up the street from 5 Times Square:

Ernst & Young, Financial Services Office, NY
Received communication that our annual ratings were finalized and discussions between counselors and counselees to occur by July 30. Promotions are still not final, but promotions and compensation will start to be communicated in August (to be effective October).


So t-minus three weeks (give or take a day here or there) until “you’re not going to be disappointed with raises” which apparently could mean that they will make PwC’s raises look like chump change (for auditors anyway).

BUT! In case you need a refresher on the numbers so far: 3-5% is what we last heard for those in the meaty part of the curve. No word on what top performers are getting but speculation is welcome. Keep us updated.

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

Promotion Watch ’20: Deloitte Adds 195 New Managing Directors

Let’s pass out the cupcakes and green Kool-Aid, and celebrate Deloitte’s new class of managing directors for FY 2021: Bhawna Agarwal, Tax, Deloitte Tax LLP, Jersey City Jon Allred, Audit & Assurance, Deloitte & Touche LLP, Salt Lake City Aaron B. Bairani, Tax, Deloitte Tax LLP, Chicago Melissa Balmer, General Counsel, Deloitte LLP, Stamford Megan […]

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 […]