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EY: Do they expect negotiation?

 
#1 EY: Do they expect negotiation?
17/10/2013 23:30

Maxcg

I've been offered a manager (or more accurately executive?) role with EY today however the salary was lower than I expected. Do they always start low with 'experienced hires' and expect some negotiation?

Similarly has anyone failed to get them to move on salary but achieve a signing on bonus?

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#2 RE: EY: Do they expect negotiation?
18/10/2013 08:30

tom1 to Maxcg (#1)

Executive isn't Manager to be clear.

Executive is the same as 'Senior Consultant'

The negotiation depends on how much they rate you (which is something you won't likely know!). I would suggest pushing for a higher figure, but clear as to your reasons why.

People won't remember you negotiating in a years time if you do it correctly, however, you'll still remember the lesser salary you accepted.

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#3 RE: EY: Do they expect negotiation?
18/10/2013 08:53

Bushy Eyebrow Partner to tom1 (#2)

Well, I suppose the cost of those glamorous riverside offices has to be paid for somehow.

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#4 RE: EY: Do they expect negotiation?
18/10/2013 09:25

Maxcg to tom1 (#2)

Thanks for the responses.

My misunderstanding on the grade structure, it's manager level. It would be senior manager however I'm missing some soft skills, although I have the technical skills required.

It's a fairly niche role which mean't that I've only had a single interview and the offer was made within two days of that. I made it clear that I'm happy to go in at manager level and push on to senior manager at the first available opportunity, however my current salary plus the additional cost of commuting would need to be matched so I'm no worse off. The director I had the interview with said that shouldn't be a problem however stressed that most of it was taken out of his hands with HR handling it. The offer came with the associated blurb of this is at the top end of the grade structure however, whilst above my current salary, only covers about 60% of my commuting leaving me about £250 a month worse off.

It's slightly frustrating as I'm 100% happy with the role and working with EY however losing £250 a month isn't currently a viable option.

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#5 RE: EY: Do they expect negotiation?
18/10/2013 10:01

Bushy Eyebrow Partner to Maxcg (#4)

Well, it would appear that market forces are attempting to prevent a sub-optimal allocation of resources. As it stands, it's fairly obvious what the answer is.

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#6 RE: EY: Do they expect negotiation?
18/10/2013 14:48

tom1 to Maxcg (#4)

Only one interview and they've based your exact level in 60 minutes?! They must have some pretty amazing interviewers.

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#7 RE: EY: Do they expect negotiation?
20/10/2013 01:47

PatrickMcIntyre to Bushy Eyebrow Partner (#5)

Well, it would appear that market forces are attempting to prevent a sub-optimal allocation of resources. As it stands, it's fairly obvious what the answer is.

Haha! Man, I'd enjoy having a beer with you.

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#8 RE: EY: Do they expect negotiation?
23/10/2013 18:45

Questionmark? to PatrickMcIntyre (#7)

Hi there ,

I am interviewing for a role at advisory and I have have had 4 rounds of interview so far.

1st Round with a Director

2nd and 3rd roudn with a Partner

4th round with an Ex Director.

I have 4.5 years of industry experience and understand that they are still debating on whether to offer me an Exec or a Manager.

Could someone please throw light on the salary banding for the levels?

Thanks

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#9 RE: EY: Do they expect negotiation?
23/10/2013 18:48

Questionmark? to Questionmark? (#8)

sorry missed mentioned - the Role is in FS - Advisory

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#10 RE: EY: Do they expect negotiation?
01/11/2013 10:59

Maxcg to Questionmark? (#8)

Quite a process! My background was 5 years in big 4 then 5 years in a boutique firm in what is a fairly small arena, there is maybe 250 people in the country with a similar skill set to what I possess. As the interviewers (indirectly) knew me and people I've previously worked with then it wasn't so laborious a process.

The role I interviewed for, and after some negotiation, have now accepted is actually within the the transactions stream rather than advisory. Within transactions a manager is now known as a senior executive and my next promotion will be to assistant director (formerly known as Senior Manager).

Regarding salary levels in my experience those listed here:

https://greenturn.co.uk/Ernst-Young-Job-Salary-Review-2013-Graduate-Student-Experienced-Vacancy-Test-2014-2015.html

Don't appear to be a million miles off.

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#11 RE: EY: Do they expect negotiation?
01/11/2013 13:06

Bushy Eyebrow Partner to Maxcg (#10)

According to a graph on that site, a big 4 partner typically earns £2.5M/year. LOL

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