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New Ernst & Young Business Advisor Programme

 
#1 New Ernst & Young Business Advisor Programme
20/09/2004 02:21

Pete

Hi all,

I’m in the process of applying for graduate jobs in consulting and I came across this new programme at E&Y and am not too sure what to make of it. Its in their Financial Services practice and is called the “business advisory programme”. The website describes the responsibilities of graduates, should they make it onto the programme:

“Over the course of the 18-month Programme, you will get the opportunity to work on projects in areas such as risk, regulatory, programme assurance and financial management and control. You aren't expected to be an expert in all of these fields but, by the very nature of the role, you will be immersed in the detail of the day-to-day work of the industry and will in time develop an in-depth understanding of it. The complementary training and your own drive and ambition will allow you to take a more proactive and pivotal role as you gain confidence. We don’t expect you to lead a project from day one, but we expect that you will be setting your sights on doing so in the near future.

The people that you work with will be key; they will hold the experience and information that will inform your business decisions. You will learn from the best and by watching them, begin to understand why the Financial Services practice is developing as rapidly as it is.”

An excerpt from the training & development section reads:

“The Programme starts with a six-week intensive induction. In these six challenging weeks you will learn the core advisory skills from report writing and facilitation, to knowledge management. At the same time our specialists will teach you the technical aspects of the various sectors and types of projects we are involved in. At the end of the induction you will have gained a solid basis on which to start work. And that’s exactly what you’ll do – immediately join a team to begin work on a client project.

Over the course of the next 16 months you will be involved in a number of different client projects, interspersed with intensive training courses that include more industry training, advanced technical skills and further advisory skills development. You will be assessed at every step because we pride ourselves on providing our clients with the best possible advice at every level. As an FS Business Advisor you are expected to embody this level of professionalism and expertise from the beginning”

Forgive me if I am being ignorant, but does this programme count as consulting? And if it does then would I be right in assuming that it is very different from strategy consulting? What do you think the career prospects would be for someone who completes this business advisory programme?

Thanks in advance for your time and help,

Pete

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#2 It's consulting by a different name
20/09/2004 08:08

Richard

Post-Enron all the accounting firms are very cautious about being seen to be doing both accounting and consulting work. They ARE allowed to do consulting - provided the work is not for their audit clients. But still the firms are going about their consulting work discretely. Bottom line is there are consulting opportunities at all the Big 4 accounting firms, and at E&Y this part of the business is called "Business Advisory". Hope that helps and good luck with your applications

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#3 Re: New Ernst & Young Business Advisor Programme
23/09/2004 21:30

RS

Auditing? Consulting? It's the big 5! Who cares? Don't worry about it. Just relax in the knowledge that some poor sap (pun intention?) of a client will be paying extortionate fees to train another chap in non-value added services.

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#4 Re: New Ernst & Young Business Advisor Programme
10/03/2006 13:55

Karl Effenbergsson

Hi Pete, its quite some time since you posted this thread. I have been invited as one of the last people being interviewed for the current crop of the EY BAP.

Please can you offer me some top tips about potential hurdles I might encounter and how best to negotiate them.

I am very hungry to get onto this course and would rather be (as you originally did through posting this thread) as prepared as is possible. Obviously there is no better place to learn about this interview process and the potential pitfalls than from someone who has been through it first hand.

Any steer you can lend will help me change my life. Many thanks

Karl

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