EY Salaries & Benefits 2023 by Position & Location
Down below you will find a table with some of the other roles within Ernst and Young. In 2014, EY acquired The Parthenon Group, a Boston consulting firm, to bolster its consulting business arm. EY-Parthenon now coexists alongside EY’s Consulting division. An EY-Parthenon Consultant earns roughly $90, ,000 each year. If you work in consultancy, tech or software, chances are… You probably work countless hours in front of a computer.
- As one ascends through the ranks, compensations and benefits vary greatly due to a consultant’s experience and contribution to the firm.
- Some compensations like stocks can take months or years to vest.
- Many positions are umbrellaed under the Assurance name such as Forensic, Accounting, Audit, and Integrity.
Because not all of the compensation is paid at the same time. Some compensations like stocks can take months or years to vest. When ey manager salary employees were asked about their compensation, they felt that their salaries were very competitive for the market that they were in.
Advisory Staff Salary
335 employees felt that their salaries were superior compared to other companies in the same industry. Most EY salary guides online are very vague and do not give you sufficient information. To better understand the salary structure, before making a decision, we will dive deep into all of the information you must know before applying for a job at EY. In the US, a PwC Consultant’s annual salary is $96, ,000, while a Strategy& Consultant’s annual salary is $97, ,000. The roles and positions that were stated above are only the most popular. The company is enormous and has various other roles and positions.
As such, it can be difficult to verify the accuracy of its data. Furthermore, consulting firms do not openly disclose their salary information. Therefore, the below data should only be used for reference purposes. Within these 5 major positions, there are different levels.
An EY-P Consultant can earn between $134,000 to $198,000 a year.
As for EY-Parthenon, an Intern’s minimum salary is $56,000 and the maximum is $89,000. We have a database of 100+ companies that are ready to hire on a 4 day work week. You will only have to work 32 hours and they offer competitive salaries. Many positions are umbrellaed under the https://1investing.in/ Assurance name such as Forensic, Accounting, Audit, and Integrity. The 2 major positions that we are going to dive in deep and talk about are Assurance and Taxes. Looking at MBB firms, BCG pays their manager roles the lowest ($173,000 – $278,000), and even lower than EY Parthenon.
The minimum and maximum pay for MBB consultants can be 10-22% higher than EY’s salary. All three firms offer more generous base pay, higher bonuses, and more additional income such as stock or commission. Higher positions like these see a large difference between the min-max amounts reported, both in the base pay and bonuses. As one ascends through the ranks, compensations and benefits vary greatly due to a consultant’s experience and contribution to the firm. (1) Unless stated otherwise, salaries in this article are based on US figures.
Audit Staff 1-2 Pay Structure
(2) One-time sums, such as Relocation or Signing Bonus, are not counted. The figures in this article are rounded to the closest 1000. Actual figures may vary, depending on location, position, experience, performance, and report time.(3) Our primary source of information is Glassdoor. However, Glassdoor is a platform where users can anonymously share their salary and compensation information.
EY 2022 Compensation Thread
At EY, a consulting Manager makes between $141,000 to $217,000 a year, and an EY-Parthenon Manager annual salary is $183,000 minimum and $285,000 maximum. However, EY-P offers double the amount of additional pays compared to EY Consulting. For senior consulting roles, EY Consulting offers a lower salary for senior-level consultants than MBB firms. By contrast, EY-Parthenon’s senior-level consultants have a competitive salary compared to McKinsey, but both lag far behind compared to BCG and Bain. We’ll compare these figures to a similar junior-level consultant at MBB firms.
We will dive deep within each level and structure so you can know the transparency of each pay structure. Compared to MBB firms, EY and EY-P offer a competitive Intern salary, with higher base pay. At EY, a partner makes between $264,000 – $483,000 annually. Over half of their income comes in the form of additional pay. EY-Parthernon offers a higher salary level for their partners, $372,000 – $661,000 a year.
Audit Senior Staff Pay Structure
EY Consulting’s figures are the lowest among all five firms. McKinsey and Bain, on the other hand, pay their managers almost twice as much. At EY Consulting, about 25% of a manager’s income is from additional pays. It is a good idea to understand every part of the compensation and what they entail.
When you look further into what makes up the compensation plan at EY, you see that there is a lot more than just—the salary. To get more detailed, we will lay out a table below that goes over the salary averages by the department at Ernst and Young. A senior EY-P Consultant’s salary can be much higher than their EY counterpart.
Similar to EY Partners, half of their income is from additional pay. We see a similar pay composition for both EY and MBB partners, with over half of their total salary consisting of additional pay. However, all three MBB firms provide a higher salary level than EY Consulting and EY-Parthenon. An EY Intern consultant earns a minimum of $58,000 a year, and a maximum of $83,000.
