September 24, 2018

Here’s Your Open Thread for EY Compensation Discussions (2015)

There’s been a steady stream of tips coming in for the last week about EY comp discussions starting today and we understand that people are anxious.

Here’s how one tipster put it:

There's been a steady stream of tips coming in for the last week about EY comp discussions starting today and we understand that people are anxious.

Here's how one tipster put it:

PBBs are being communicated by counselors now and pay out will be in 8/31 pay period. I'm bored as f*** could use a chuckle- can we get this thread started?

This is only the second Big 4 firm for comp season 2015, so I'm sure the Deloitte and KPMG overlords appreciate another benchmark to work with. 

As for EY specifically, the only comp teaser on the Black and Yellow was late last month, when rumors swirled of unachievable superior rankings for new associates. Hopefully cooler heads have prevailed since then.

To appease some of our more fastidious commenters, when you're discussing your info, please cover the following:

  •     City (region is not informative) & Line of Service
  •     Promotion (if applicable) & Rating
  •     % Raise
  •     % Bonus (if any)
  •     Optional: Old & New Base

Your patience has been appreciated. Best of luck, Weinberger-wannabes.

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Ernst & Young Is Here to Help (For a Small Fee)!

ernst_young.jpgWe thought that Ernst & Young was advising the New York Fed on the winding down of AIG out of the goodness of their hearts but it turns out it’s actually about the money.
E&Y could make as much as $60 million advising the New York Fed, which is 50% more than the initial agreement, according to Bloomberg. The NYF is also reimbursing E&Y for expenses, up to 10% of the professional fees. This occurs after the parties had initially said $40 million would be the cap but $60 mil is it, we swear, no more.
And because E&Y is solid like that, the firm is billing out partners and directors at discounted rates ($775/hour). I mean, ’cause, let’s face it, this thing’s a mess and E&Y is going to be working hard, working late, working weekends.
Ernst & Young’s Maximum Pay for AIG Advice Swells [Bloomberg]

Review Comments | 07.20.09

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Securities Lawsuits Plummet in 2009 – Because they’ve all been filed already [CFO.com]
Stanford case spreads its tendrils – For a Ponz that simply offered CD’s with out of this world interest rates, the international law and jurisdictional aspects will turn your head in knots. [FT.com]
TD Ameritrade Settles Securities Case – “TD Ameritrade Inc. agreed to buy back $456 million of auction-rate securities from its clients as part of a settlement with New York Attorney General Andrew Cuomo, the Securities and Exchange Commission and Pennsylvania securities regulators.” [WSJ]