Hi guys, I’m currently applying for EY Audit Graduate Scheme. Apparently I have to choose one from a few sectors to focus on, for instance Financial Services, Telecommunications and so on. Can anyone help to elaborate the details and provide insights of each sector within the department? As I have not found any information about that online and would like to know more about them before making the decision. Thank you.

Not sure about the departments since I wasn't from EY but I am aware that these fields generally indicate the sort of clients you'd be assigned to.

Example, telecommunications would probably be telco players, maybe even upstream or downstream like those cable providers etc. Financial services - banks etc.

There are many other industries as well - such as manufacturing, O&G, F&B - so it depends what you really want. I'm unsure if let's say you choose one option, you should be able to try out other audit assignments as well if the need arises.

Have you secured an offer already? Indicating a preference does not guarantee the sector you want.

Was from EY 2 years ago, so some info might be outdated. There are 4 depts:
FSO-Banks
NRG-Oil and Gas
DTC-Diversified Telco
HPI-Property Developers, Rental Income, Transportation

FSO is most different from the other 3 depts because they specialise in auditing banks. FSO people always say "i hate audit loans (asset)", then other depts say "i also hate audit loans (liability)", but it is actually totally different thing.

FSO teams also tend to be very big, so those new auditors also tend to specialise into only one tiny part of the audit, where only manager would get more exposure into the whole audit.

FSO peak time is also different, almost all clients are December year end so peak is tight, then after peak I heard some take really long leave (one month) utilising their leave in lieu of overtime.

Also heard some FSO people saying banks are so big and so competent that misstatements auditor detect become not material making audit pointless.

FSO audits Maybank. NRG audits Shell. HPI audits Hap Seng, KLCC, DRB, SP Setia, Top Glove, AirAsia. DTC although suppose to audit telco, but most of the largest telcos are audited by PwC.

that's why the rotation between each audit is important so you get expose to other areas every now and then. TS, in future if you got stuck on permanent role/area, voice out to your supervisor.

Actually, there is no non-peak time. It's either peak of super-peak lol really? someone tooklong leave? you sure that is not the manager or above? lol EY ppl I know barely got time for long leave. Leave-in-leau is meaningless to them.

Ya, got a lot

Hi. I’ve just completed the final interview. When the interviewer asked me to choose KL or JB office, I said JB initially. Then she said JB’s case is different as it depends on the assignment they take instead of narrowing down to different sector like KL office. I’m actually open to any sectors so it’s fine if I didn’t get the sector that I wanted.

Thanks for the information, it really helps. Do you mind if I ask why did you quit EY?

Noted, thanks for letting me know.

Welcome. Left because want work life balance

Politics and work life balance. Good place for fresh grad to get exposed nonetheless.

I see, thanks for letting me know.

Hi everyone, can anyone share about the EY final interview (assessment day) thing, is the interview questions be like the one I searched online, and any technical questions?For audit associate graduate program contract position. I finished the online assessment and waiting for hr to see if I pass this round. Thanks in advance

EY banking audit clients is quite handful now

Hi, may I know how long after interview you receive an offer from them?

Around 2 weeks, but mine was fast track tbh, cos applied through virtual career fair when studying overseas.

so which one you end up choosing? I hope you picked financial services, because you can think for your future, you may have more chances to move to a bank or build your career in the banking industry where you have a chance. or you could also have your next step in corporate finance or any other department in the investment banking line.

not many ppl have audit experience in financial services because there are very little banks and only audited by the big 4, if you choose to move to other firms, your such audit experience would definitely give you good edge.

not saying others industries are not good, but i just find that experience auditing banks are harder to come by.

Telco, etc are not as bad too actually, but just that our telco industry here is very saturated and highly competitive.

This post has been edited by tehoice: Dec 4 2020, 10:05 AM

Too bad that they are not hiring in KL at that time, I end up with branch office of my hometown which has no choices available as everything's mixed tgt. The worst part is that FSO is basically non existent here. Unless there is a rare case where KL office need our help to audit bank branches.

Don't know whether if I should try to apply for banks program while I still can. But apparently retail/commercial banking is about the same, tedious and mundane. Probably investment banking for a different kind of challenge.

Hi, did you end up having the interview alrd? If yes I hope it went well! Did they ask very technical questions? Tysm!