2024 Vault Rankings
- Prestige#9
About Ernst & Young (Consulting Practice) NA
For two decades, EY has helped clients stay on the straight and narrow. The world's second-largest accounting firm, Ernst & Young's 144,000 employees around the world offer advisory, assurance, tax and transaction advisory services via offices in 140 countries.Â
Ernst & Young LLP is the U.S. member firm of Ernst & Young Global, with over 40,000 professionals who work with clients in the asset management, automotive, banking and capital markets, biotechnology, consumer products, insurance, media and entertainment, mining and metals, oil and gas, pharmaceutical, power and utilities, provider care, real estate, retail and wholesale, technology and telecommunications industries.
Not consulting, "advising"
It's difficult to discuss EY's consulting capabilities without delving into the realm of ancient business history. First, and perhaps most importantly, is that there is no such thing as a "consulting" wing at Ernst & Young. There is, however, an "advisory" unit, a term adopted as EY sought to rebuild its business advisory presence following the $11 billion sale of its original consulting unit to Capgemini in 2000. The reason for that shift in terminology appears to lie with then-CEO James Turley, who commented in 2007 that "'consulting' is a very broad and no longer particularly helpful term." Accordingly, the firm "advises," where others might "consult," on four core areas: performance improvement (finance, customer and supply chain and operations); risk (enterprise-wide governance, risk and compliance, internal audit, internal controls financial services risk management and actuarial); IT risk and assurance (IT risk management, application risk, infrastructure risk, and data risk and IT assurance); and other cross-advisory teams, such as IT advisory, people and organizational change, program advisory and strategic performance.
While all of the above services are part of Ernst & Young LLP's advisory unit, it's the performance improvement services segment that addresses what might traditionally be viewed as management consulting services. While the offerings within that unit vary from country to country, the U.S. practice has just three core competencies: customer, finance, and supply chain and operations.
5 Times Square
New York, NY 10036
Phone: 212-773-3000
Employer Type: Private
Global Vice Chair – Consulting: Errol Gardner
Global People Advisory Services Leader: Norman Lonergan
Employees (All Locations): 36,607
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Ernst & Young LLP (EY)
EY Capital Advisors LLC (EYCA)
EY (Ernst & Young) Consulting Practice Asia
EY (Ernst & Young) Consulting Practice Europe
Advisory Services
Performance Improvement
Risk
IT