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Ey has delayed the starting dates for graduates employed by its US strategy and the business advisory business for the third year in a row, as the fourth firm is accumulated with what it called “unsafe and evolutionary market conditions”.
Students of the University Masters and Specialty, who would join Ey Parthenon after graduating in the next few months, have been told that it would now have to “no sooner March 2026”.
The measure comes as large accounting and counseling firms sail a slow market for union and purchase, making their own business businesses and wider economic uncertainty that has implied fewer current employees are leaving.
Some firms delayed starting dates for new recruits when the market slowed down significantly in 2023, but EY was the only big firm that was still doing so, according to Namaan Mian, chief of advised management operating, who trains students through the recruitment process.
“Other firms tell me that hiring plans are moving forward with” full speed ahead, “Mian said, while Ey Parthenon has taken a different approach. “There are many books consultants and not enough projects in the pipeline. Ey would simply pay these children to sit in the bench.”
In an email message to its 2025 recruitment class members, Ey said that the start date of March 2026 was still “subject to change – in both directions – while the conditions are developed”.
To dilute the ranks, it is giving recruits the opportunity to boost their start date in the second half of next year in exchange for a $ 10,000, or leaving the firm while allowed to hold their entry bonus.
A person who rejected an offer from a large technological company to join Ey Parthenon called $ 10,000 for a one -year “disrespectful” delay, and said it was “harsh” to get the news just two days after their graduation ceremony.
“I walked on stage on Saturday and got that email on Monday,” the person said. “They literally open the email saying congratulations on your last graduation, and then continue to say,” Oh, by the way, we are postponing your state date again. “
Ey told Financial Times that he had given “a small number of employment in the updated entrance and updated options regarding their starting dates. After careful review of the current economic environment”.
She added: “Our open and ongoing communications with this group include providing them with a range of start date to ensure the quality and width of tasks and create a strong professional trajectory for our new unions.”
The four greats have historically operated a “up or out” model that brings tens of thousands of new recruits each year, but the ranks quickly. This creates pressure on profits when fewer people than expected to leave the firm during periods of economic uncertainty.
PWC this month said that 1,500 people would rest in the US, at the top of 1,800 she issued a restructuring at the end of last year. In April, Deloitte’s leaders in an internal call said she would rest staff in her advisory business.
