May I know what is the career path/hierarchy like in EY Assurance line?
As a fresh ACCA graduate what should be the position I applying to?

This post has been edited by Nickie6817: Mar 24 2016, 05:28 PM

Do your research by browsing through EY's website. But I can share with you about the Financial Service line for EY (since i'm from FSO). We have three industries: Banking, Asset Management and Insurance.

I'd suggest you start asking yourself a question - Where will I be after 5 years? FSO is a very specialized and technical service line - We put greater emphasis on MFRS especially when it comes to Financial Instruments - Learning wise, your skill-set will be very specific as compared to other service line. In training.. I think most of us from FSO will have a slightly harder time to catch up with our peers from other industries because of that haha

Other service line have greater exposure compared to FSO. But the knowledge & experience that you have in FSO, it's something you can't get from other service line and other service line won't be able to comprehend (So it's a trade-off; you won't be jack of all trades but you're a master in something).

It's also a dull industry since it's heavily regulated (meaning you won't get to travel much except when you do branch visit). I believe HPI and NRG service line gets to travel more frequently compared to us in FSO.

Hmm, working hours wise... FSO have a more predictable peak period (mostly January - May, varies) since the deadline is set by BNM. Other service line, if you're unlucky it's peak period throughout the year (due to period of the engagement - very short, sometimes 2 weeks or even 1 week).

Future job prospect wise... I think it's even throughout the service line. It's just in FSO, you're mostly on the crosshair of banks & other companies that needs talent for financial stuff.

For the PwC vs EY debacle... well, I'll just summarize. PwC is indeed No #1 in Malaysia but EY is catching up and they're investing a lot in their people and talent. If you want prestige in your CV, Join PwC. If you wanna be at the front seat and experience something that is growing.. Join EY.

This post has been edited by latios507: Mar 26 2016, 05:56 PM

I dont think the ranking is obvious enough in Malaysia, but globally, PwC is currently the top.

I go to everyone of them, and they would proclaim themselves as No.1 professional services firm in the industry. What I heard is that there is some sort of affinity between all 4, they wouldnt let the difference be too far apart from each other.

In terms of career path, all of them follow this structure:
1. Associate
2. Senior Associate
3. Team Lead / Assistant Manager
4. Manager

It usually takes 5 -7 years for you to reach manager level, and that is when you can finally leave and become a finance manager in the commercial line.

In my experience of dealing with E&Y, yes, they have a better working culture, people-friendly environment. Their HR are quite good at their functions.

For PwC, depending on the department and function you're in. Better go into Audit, you get to travel around, yes, offshore as far as Japan. If you have intention to migrate and work in other country, they have that option as well. This too applies to Deloitte.

Hi you mentioned FSO, HPI and NRG. what do those stand for? Which means the audit department in EY is also according to industry specialization like pwc? What other departments are there in ey audit?

Thanks!

As far as I know (confirmed), PwC or EY is better strongly depends on what engagement you are assigned to, whos your colleague/ peers.

EY doesnt pay your previous financial year bonuses in one go (one shot, they pay in 2 different period to prevent you from resigning)
Whereas pwc pay bonus in one shot (jul salary).