Ernst & Young firms in the Americas will hire approximately 9,000 students from across the area, including 5,200 from US campuses, in the 2012 fiscal year, which began July 1, 2011. NEW YORK, Sept. 8, 2011. This marks the return of the organization’s campus hiring to pre-recession levels.

Ernst & Young will hire 5,200 graduates for full-time positions, 3,900 interns and will double its MBA hiring throughout the Americas, which includes firms in the US, Canada, Israel, Mexico, Central America and South America. In the US, Ernst & Young LLP will hire 3,000 graduates for full-time positions and 2,200 interns. Due to increased demand from clients, the organization is hiring in all practice areas, and seeks candidates interested in working in more than one global office during their career. Ernst & Young has also launched several new initiatives, including an advertising campaign, to better connect with students and prepare them for global careers.

“Our campus hires are the future leaders of the firm, so we are constantly seeking new ways to enhance our relationships with them and to develop programs that are responsive to their career goals,” said Dan Black, Ernst & Young LLP’s Director of Campus Recruiting. “The fall recruiting season is our most active time to recruit students graduating this academic year, so we are doing all we can to stand out from the competition.”

For the 15th consecutive year Ernst & Young hosted its International Intern Leadership Conference, which drew 1,900 interns from 29 countries. Along with this event, the organization has also launched several new initiatives in the Americas to enhance its ability to attract top talent, including:

Global Opportunities

Global Student Exchange Program – The new internship program offers overseas assignments for select summer interns. Internships start at US firm office locations and then participants spend four weeks abroad at another Ernst & Young firm office within the organization’s global network that spans more than 140 countries. Students return and complete their internship at their US firm home office. This year 35 Ernst & Young interns participated in the Global Student Exchange Program, including US students going abroad and non-US students on assignment from other countries.

Leadership Training

Emerging Leaders Summit – Ernst & Young introduced the Emerging Leaders Summit (ELS) this summer, a two-and-a-half day conference for students who have demonstrated leadership potential through their academic and personal lives. Students in their sophomore to senior year are eligible to participate and the summit consists of presentations and breakout sessions on topics such as ethics and transparency and how it relates to leadership, and interactive case studies. Approximately 250 students from the US and Canada attended the inaugural conference in Washington, DC, which included presentations by James S. Turley, Ernst & Young’s Global Chairman and CEO, and other senior leaders.

Social Media

CampusLIVE – Ernst & Young has a relationship with CampusLIVE, a new website that enables students to connect to brands through polls, surveys, scavenger hunts, team matches and more with an opportunity to win prizes. Through Ernst & Young’s presence on the site, which will launch later this month, select students will be offered a chance to take the Ernst & Young Challenge — a series of questions about the organization – and win an iPad. Participants can also share the Challenge with their friends on Facebook and Twitter and, in turn, enter to win an iPod nano. Students can visit www.campuslive.com and enter school specific information to participate.

Staff Twitter handle – A new campus hire will tweet from this account starting October 1st. This Twitter feed will provide information on a day-in-the-life of an Ernst & Young LLP “Staff 1″ employee, the firm’s entry-level position. Sunny Senedara, a Staff 1 in McLean, Virginia, was the first Staff 1 to tweet from the @EYStaff Twitter handle and will turn it over to a new employee when she is promoted this fall.

Advertising

New advertising campaign – Ernst & Young will launch a new advertising campaign on campuses the first week of September. The new ads highlight the benefits of working at Ernst & Young and include the tagline “See More,” which is intended to encourage students to seek more information about internship and job opportunities at the firm by visiting Ernst & Young’s career website, ey.com/possibilities. The ads will appear in campus newspapers and on select sites including the wsj.com, businessweek.com, Pandora, CollegeRecruiter.com, Yahoo.com and Experience.com.

Millennial Media – Based on research Ernst & Young conducted this year that found many students are open to career-related advertising on their mobile devices, the organization teamed with Millennial Media to deliver Ernst & Young mobile ads to students on their smartphones at select schools based on geographic data. The ads, which feature the “See More” tagline, will appear as web banners when students at the targeted schools access the internet on their mobile devices.

Source:  www.top-consultant.com

CHICAGO, August 17, 2011 – BAE Systems, Inc, a leading defense, security and aerospace company, has awarded a seven year procurement services contract to Xchanging (LSE:XCH), the business process and technology services provider. As part of this innovative arrangement, Xchanging will provide sourcing and supply base management services for $800m of BAE Systems, Inc annual indirect procurement spend across most categories of indirect goods and services including Information Technology and Telecommunications, Transportation, Contract Labor, Industrial Supplies & Services, Utilities, some Professional Services and others. Xchanging will also provide procurement management activities related to reporting, supplier and contract management. The contract runs through July 2018 with an option to extend for an additional three years by mutual agreement.

Xchanging helps customers around the world drive sustainable improvement in supplier costs and process efficiencies associated with the procurement process. The contract reflects Xchanging’s position in the global procurement services market and firmly establishes its position in the Americas region.

“We consistently seek opportunities to reduce cost, improve efficiency and increase speed to market,” said Dennis Bent, Vice President Strategic Sourcing, BAE Systems, Inc. “Outsourcing indirect procurement to Xchanging enables us to access top procurement talent supported by a proven approach to sourcing that will provide value to our business.”

Scott Dever, Managing Director for Xchanging Procurement Services in the Americas, said, “We are excited to be adding BAE Systems, Inc. to our broad customer portfolio and we are proud to be associated with such a high-performance, professional organization. This agreement opens up tremendous opportunities for growth and establishes Xchanging as a strong provider of procurement services in the Americas.”

Ken Lever, Xchanging CEO commented, “We are delighted to extend our relationship with an existing customer of Xchanging. This contract not only enables us to deliver value to BAE Systems, Inc, it also acts as a springboard for Xchanging Procurement Services in the fastest growing procurement outsourcing market globally.”

Source:   www.top-consultant.com

The new Advisory partners include Chris Lewis, Martin Holyoake, James Eteen, Rob Doepel, Jenny Clayton, Sonja Koerner, David Williams, David Parkinson, Debbie Ward, Julian Marsh and Gerald Chappell.

The appointments will strengthen the team’s credentials in performance improvement and financial services in particular.

In five years Ernst & Young’s UK & Ireland Advisory practice has become a 1,500 people strong £309 million revenue business in the UK & Ireland. Last year the firm announced its intention to embark on a second wave of growth, with ambitions to double revenues and recruit around 1,000 new people.

Harry Gaskell, Head of Advisory at Ernst & Young, comments: “I am delighted to welcome our new colleagues who bring an extensive range of knowledge and experience to our business. Their appointments support our ambitious growth strategy. The high calibre of these individuals demonstrates to clients the expertise we provide and our point of difference to competitors in the market place.”

Source:  www.top-consultant.com

Ernst & Young announced the admission of 548 new partners across its global organization.

Jim Turley, Chairman and CEO of Ernst & Young says, “Building the next generation of partners to lead our business is vital to our future. This year’s marked increase in numbers reflects our ongoing commitment to excellence and our confidence in the future.”

John Ferraro, Chief Operating Officer of Ernst & Young says, “These admissions are the result of a rigorous selection process and recognizes the significant contribution of each individual to our success. This is a strong vote of confidence in the leadership potential of these outstanding individuals.”

Source:  www.top-consultant.com

Everyone in consulting knows that the Big Four accounting firms (Deloitte, Ernst & Young, KPMG and PwC) have all grown significantly in the last few years. Indeed, many of us have suspected that they may have out-performed the market, sometimes by a factor of two or three. But none of us could put a figure on what that means for market share.

Our recent report on “big consulting” (consulting done by consulting firms with more than 50 consultants for clients with a turnover in excess of €500 million) in European, the Middle East, India and Africa estimates that the size of the market in 2010 was just under €25 billion. And the Big Four firms account for just over a quarter of this. Their share is slightly larger, not only than the combined revenue of several hundred traditional management consultancies, but also than that of the big systems integration firms. It’s also quite a lot larger than the share enjoyed by strategy firms.

Of course, there’s a fair degree of variance under these headline figures. When you break this down into services, the Big Four share ranges from around 90% of the financial management market to about 20% of operational improvement work (the lion’s share of which continues to go to mid-sized specialists). Moreover, despite the rapid expansion of these firms, two areas stand out where there level of penetration is even lower: Big Four firms have only around a sixth of the market for high-level IT consulting (our figures don’t include systems integration) and a similar share of the strategy consulting market.

What should we take away from this? First, that most types of consulting firms should be rightly worried that the Big Four will further encroach on their territory; indeed, PwC’s recently announced acquisition of PRTM shows that there’s plenty to go for in the highly-fragmented traditional management consulting / operational improvement area. But the second lesson is that taking a bigger share of the IT and strategy consulting markets may be proving to be a more difficult proposition. In both cases, the supply side is more consolidated so there are fewer acquisitions within easy reach.

But the other complicating factor is the attitudes of clients. Operational improvement consulting never stretched the Big Four’s brands: when you ask clients to name the firms they most associate with this type of work, Big Four firms have a strong presence. But ask them which firms they think for IT consulting and only one Big Four firm, Deloitte, is mentioned by more than 5% of clients, compared with IBM, which is mentioned by almost half. Deloitte is also the only Big Four firm to scrape a place in the top five firms associated with strategy. Such perceptions are always slow to change: big acquisitions often help, but not always, because they’re so difficult to do in consulting without one party effectively absorbing the other.

Et in Arcadia ego: even while they outperform the market on so many fronts, the Big Four firms have yet to solve this problem.

Source:  www.top-consultant.com

Jonathan Dharmapalan has been appointed to lead Ernst & Young’s Global Telecommunications Center.

In his new role, Dharmapalan will be responsible for leading a team of over 2,000 telecoms specialists across the world, in their work with the world’s leading operators.

“As the telecommunications sector turn to new sources of growth, operators are facing new challenges and opportunities associated with data traffic and delivering services focused on their customers. I look forward to helping our clients to become market leaders in these challenging but exciting times,” says Dharmapalan.

In his 25-year career Dharmapalan has served some of the largest companies in the telecommunications sector. He has served his clients from the early days of divestiture and privatizations through the years of unprecedented growth of wireless and broadband technologies. Dharmapalan also has significant experience in the related sectors of Technology, Media and Entertainment, and until recently, was leading Ernst & Young’s Telecommunications Center in Beijing, before joining the Global Telecommunications Center.

Commenting on the appointment, Steve Almassy, Global Vice Chair at Ernst & Young says, “We are delighted that Jonathan will be leading the Global Telecommunications Center. His experience and knowledge of the sector will ensure he is well-placed to advise our clients.”

Dharmapalan holds a Bachelor of Science degree in Electrical Engineering from Northeastern University and a Masters of Science degree in Electrical Engineering from The California Institute of Technology. Jonathan began his career in telecommunications at AT&T Bell Laboratories.

Source:  Top-Consultant

Ernst & Young today announced combined global revenues of US$21.3 billion for the fiscal year ended 30 June 2010, compared with US$21.4 billion in fiscal 2009.

The 2010 fiscal year saw a mixed performance, with decreases in revenue in the first half, offset by a rebound in the third and fourth quarters. Revenues in the second half of the financial year increased by 5.3% in US dollars.

Across Ernst & Young’s four geographic Areas, its newly formed Asia-Pacific Area recorded a 9.0% growth in revenues; the Americas, EMEIA and Japan Areas showed a 3.2%, 0.9% and 0.3% decline respectively. All Areas showed improvement in performance in the second half of 2010.

“We are encouraged by the return to growth across all our practices in the second half of the year. While it is consistent with the global economic recovery, it also reflects the positive results we are seeing from our global integration leadership, our investments in emerging markets and the remarkable dedication and commitment of our people,” said Jim Turley, Global Chairman and CEO of Ernst & Young.

In June 2010 Ernst & Young achieved another significant milestone by completing our Asia Pacific integration as more than 1,200 of our partners voted overwhelmingly to establish a new combined area. Our clients and stakeholders continue to welcome these moves which we see as evidence that we are serving them as they want to be served – by a globally integrated organization and not as a collection of individual national practices.

Ernst & Young expects to support the global economic recovery by increasing its recruitment of new people in FY 2011, including recruiting more than 5,000 in China and India. The 2010 Universum global recruitment survey of nearly 130,000 students, released last week, placed Ernst & Young as number three among all employers worldwide and as the most attractive place for graduates to work in more markets than any of its competitors.

Turley adds, “As we emerge from the worst global downturn in decades, entrepreneurship has never been so important in ensuring the creation of sustainable economic recovery and the creation of employment opportunities. Today’s entrepreneurs are the leading companies of tomorrow and we are constantly building on our leading reputation with entrepreneurial businesses.”

Fiscal 2010 marked the fourth year of Ernst & Young’s previously announced US$1 billion investment initiatives. Underlining the shift in global economic power, much of the new investment has been earmarked for emerging markets and the program exceeded expectations, with more than US$1.2 billion ultimately invested.

“Our commitment to the emerging markets resulted in high single-digit to double-digit growth in fiscal 2010 in many markets, including Africa, China, India and Brazil. Based on the success of our first global investment program, as well as the opportunities we continue to see in the emerging markets, we will continue to invest at comparable levels for the foreseeable future,” said John Ferraro, Global Chief Operating Officer of Ernst & Young.

“The shift in capital flows and demographic changes underway reinforce our commitment to remain the most globally integrated professional services organization while fostering the best people culture in our profession,” concluded Turley. “We are uniquely positioned as the recovery takes shape to provide quality services for our clients wherever they operate worldwide.”

Source:  Top-Consultant

Ernst & Young Financial Services Advisory is able to offer candidates a very flexible choice of career paths, as Financial Services Advisory Managing Partner Steve Martin and Ken Allan, People Partner for Financial Services Advisory, explain in an interview with Mick James, Top-Consultant.com’s management consultancy columnist.

The time is right for a career in financial services advisory

When the “Big Four” firms began to re-enter the consultancy market a few years ago, a big question was how they would differentiate themselves, particularly in such heavily-consulted areas as financial services.

For Ernst & Young’s fledgling advisory arm however, a clear lead came from wider developments within the firm, as Financial Services Managing Partner Steve Martin explains:

“If you go back to July 2005 we did something unique which was to put all 87 countries together to create a specialist financial services office which focused on all our financial services clients in all countries,” he says.

“Financial Services Advisory was built on the back of that. What’s different is that we built a business specific to the financial services industry. We don’t have people who pop in and out, one week working in government, the next on financial services.”

This specialisation has played well with financial services clients, who tend to place a premium on sector experience:

“It puts the focus back on the client, we don’t get tensions between manufactured silos—all we are focused on is getting the right people in front of the clients. Our ability to work cross border is also much smoother. People in other firms are looking at our model because the partners in their firms can’t build their business when growth is constrained on a national basis.”

That this has played well with clients is shown by the rapid growth of the unit to 1750 people from a standing start in 2004. Now the practice is looking to recruit 700 people over the next year as clients cope with the challenges facing the sector.

“For clients who were going through that whole financial crisis, they didn’t want to develop new relationships in a time of stress, so our relationship-based business model got us through that period,” says Martin.

“Now that the sector is coming out of recession there is a lot of good quality work to be done, for example delivering the synergies from mergers and acquisitions.

“There’s a lot of demand for high quality consultancy. If you look at the amount of regulatory change, there’s layer on layer coming through. Also, because of the financial crisis and recession critical ‘change the bank’ projects have been put on hold, but they are now coming out again.”

With clients now embarking once more on those multi-year transformation projects, Martin feels the time is right for people to start building long-term careers in financial services advisory.

“For someone coming into financial services they would get a very condensed set of experiences in advisory work compared to working in the industry,” he says. “Particularly as clients don’t give you the easy projects.”

The firm is now actively targeting recent graduates, and also looking for people in mid-career, either from the sector itself or other consultancy firms. There are still some opportunities at partner level, particularly those who can help develop new service lines.

“We’re no longer starting from scratch, so if I want to add to my partner talent, the first place I will look is to my own people,” says Martin. “We’ve now got over 100 partners, so having reached that stage as a practice, we’re now looking for experienced partners who will have immediate market impact and who can increase the opportunities for people who already work for us.”

In the “war for talent” Ernst & Young believes that Financial Services Advisory has a clear advantage in being able to offer candidates a very flexible choice of career paths.

“People can work in financial services for a period of time, then broaden out into other industries, “says Ken Allan, People Partner for FS Advisory. “Or you get people who want to do it the other way—they like the buzz of the financial services world and want that in their day-to-day lives, so they migrate over to the financial services office.”

As well as developing industry knowledge and advisory expertise, recruits are also given training in the broader professional skills—such as risk, assurance, or actuarial—that define Ernst & Young as a business.

“No-one has one standard learning path, you need to self-design your own development,” says Allan.

“If you have a cookie-cutter approach to training you all end up looking the same. We expect our partners to look at what training they need just as much as graduates.”

And while the firm is happy for people to use advisory as a foundation for a career in industry, it believes its retention statistics prove that the firm is seen as a good place to work and to build a career.

“What people value is being here—people are not moving to the competition because of the teams they work with,” says Allan.

“People are attracted to us because of the richness of experience and the kind of people they rub shoulders with.”

Source:  Top-Consultant News

Summers has over 14 years experience with IBM and over the last ten years has built specialist expertise in systems rationalisation and data migration through client strategy engagements, system consolidation and integration programmes.

Summers’ experience at IBM included establishing a global delivery capability in India to assist in meeting the delivery responsibilities specifically around data migration.

David Gittleson, lead partner, performance improvement at Ernst & Young, comments: “The IT advisory market is increasingly complex. Jonathan’s experience in this arena will help our clients to get the best possible advice to help them make the most of this difficult trading environment. He’s a great addition to our growing team and I am looking forward to working with him.”

Source:  Top-Consultant News

10 new partners have joined Ernst & Young’s Advisory practice in the UK & Ireland over the last 12 months, as part of the firm’s ambitious growth plans to double revenues for Advisory over the next three years.

The new partners are both direct entry (4) – those who have been appointed externally – and partner admissions (6) – those who have been appointed from within the firm.

Harry Gaskell, managing partner, advisory services, said: “These new partners are outstanding performers. They will help drive our ambitious growth plans across UK and Ireland, and help cement the firm’s position as the leading provider of advisory services.”

Scott Halliday, managing partner UK & Ireland, Ernst & Young, said: “The UK & Ireland firm makes a vital and significant contribution to the development of our global business, both in terms of revenue generation and the mobility of our skilled people. These outstanding individuals, whose performance and accomplishments throughout their careers have led to their admission to the partnership, will really make a difference in their new roles and help us capitalise on our current opportunities both in the UK and around the world, as we lay the foundations for future growth.”

For the first time this year the firm is introducing a Global New Partner Program, which will be held in Washington D.C. in the autumn to celebrate the achievements of all its new partners from around the world.

Source: Top-Consultant