It's a new fiscal year in the EY universe which means a new partner class. Here's a tweet and a video:
— EY (@EYnews) July 5, 2016
This class of 714 is a little smaller than last year's class of 753. Here's more detail from the firm's announcement:
On a geographical basis, the Americas area had the largest proportion of new partners, with 287 promotions (40%), followed by the EMEIA area with 275 promotions (39%). New partners in the Asia-Pacific area totalled 122 (17%); Japan had 30 (4%).
Assurance was the largest service line with 264 new partners, followed by tax with 200, advisory with 151, transaction advisory services with 90 and 9 in business support. I don't understand why advisory and transaction advisory services aren't simply "advisory"; together that group would be nipping at the heels of assurance for the largest overall service line.
Anyway, this partner class was 29% women. This is also down from last year when 31% were women. The firm didn't share any diversity statistics. Overall, this year's new partner news feels a little meh for the Black and Yellow.
Not for Mark Weinberger though. Sure, he hasn't tweeted anything but that's probably because he needed more than 140 characters to express his joy. Here's his statement on the firm's website:
Today’s promotions recognize the outstanding achievements of our people. Our new partners have been focused on providing services to our clients, leading high performing teams and contributing to our purpose and ambition. Despite an uncertain economy, we are still investing and these promotions are a tribute to the contributions these new partners have made to EY and our future. I’m proud of all that we’ve achieved together as an organization over the past year, and I am particularly proud of all our new partners.
It's a little disappointing that EY didn't follow PwC's lead and post the details of all the new partners, but it's probably a little much for us to expect every firm to get on board with that much transparency. Of course, the list could still turn up somewhere.
In any case, congratulations to all the new partners at EY. Long may you bill.