High reward - Huge" pressure.
EY - Ernst & Young, formed due to a large merger in the accounting industry between Ernst & Whinney and Arthur Young & Co in 1989. By 2013, Ernst & Young decided to take the trade name to be EY and continues to operate under a brand new name up to present.
EY has operated in Vietnam since 1992. It is also the first company to provide 100% foreign-owned audit and consultancy services with a branch in Vietnam. EY provides key services such as Advisory (Consulting services), Assurance, Tax services, Transactions and Specialty Services (special services) such as climate change programs, translation services, private businesses Japanese businesses, family businesses.
As one of the Big 4 in the fields of Finance - Accounting - Auditing, EY is considered the dream destination of human resources in this field. However, high remuneration also goes with "Huge" pressure. EY gives applicants a professional working environment for learning, gaining experience, good salaries, and open career development opportunities, but this also means 200% effort, big workload, dense deadlines with high pressure. Probably because of such responsibility, the turnover rate at EY is quite high, ranging from 20-30%.
However, ISers do not need to worry too much about this. According to Mr. Chu Anh Dung, Audit Manager of EY, the demand for recruiting personnel at EY is huge. In 2019, the number of EY recruits is up to 90 employees.
What does EY look for in young talent?
Mr. Chu Anh Dung shared with students of Vietnam National University - International School (VNU-IS) students that depending on the job positions, the employer is looking for the qualities that suit each specific job. However, candidates must meet the following 4 factors: hard-working, ability to work under presser, teamwork skills and finally good health condition because the job requires constant movement with high pressure. EY does not require professional experience for positions for new graduates, but soft skills are essential. Young people with skills such as the ability to synthesize knowledge or systematic skills are also highly appreciated by EY because they are very suitable for the nature of the work.
Different from the image of many candidates, the ways of choosing an intern at EY is said to be quite flexible, which can change from year to year. With 3 rounds: CV, Test and Personal Interview, EY will test candidates for their commitment (especially demonstrated by professional qualifications in the industry), ability to read and understand, effective communication, and commitment to EY.
CV round: Investing in your CV is never redundant.
On average, employers spend only 6 seconds to preliminarily evaluate an application and determine the suitability of that candidate for the position they are looking for. Therefore, whether you apply to any company, the CV needs to be well-prepared and methodical. Especially when you want to apply for EY with super high odds of about 1: 500-1000. So, what does EY look for in an HR resume within those 6 precious seconds?
Firstly, the CV needs to be short, the ideal length is more than 1 page, and there must always be a Cover Letter attached. When skimming the CV, the EY recruiter pays special attention to the candidate's comprehensiveness and GPA. Therefore, if you are a student who is cherishing the dream of working at Big 4, you should improve your knowledge and participate in extracurricular activities, social activities to develop yourself and "get rich" of experiences for your CV. Certainly, besides the scores, extracurricular performance will also bring you closer to the requirements of the employer's comprehensiveness. Besides, accounting certificates such as VACPA, ACCA, AICPA, CPA will create a bright spot for the ISer's records.
Test round: Academic knowledge is the foundation of success.
The EY test lasts for a total of 120 minutes with a fairly basic knowledge test including general knowledge, knowledge of accounting, auditing, finance, IQ, social understanding and essay writing. For students majoring in Finance, Accounting, Auditing, you just need to work hard, master the knowledge, especially the basic subjects from F1 to F3. The knowledge you learn from the university’s lectures will help you a lot, not only in the entrance exam to Big4 but also help you develop your career in the field of Finance - Accounting. So, make sure that you remember the principles and knowledge you learned from school.
Interview round: Pay attention to small details.
Unlike the other three Big 4 companies, EY does not organize group interviews but only holds the individual interview. This can be considered as an advantage for you because it saves your time and makes you less pressured to "compete" directly with other candidates in front of the employer. All interview questions will be in English, so do not forget to practice communicating in English so that you are clear and confident.
Appearance and demeanor also need to be well prepared. Wear elegant and polite clothes. Pay attention to manners, expressions, and body language: be on time, sit up straight, make eye contact with the interviewer, etc. These things seem very basic but not everyone does well. If you care about such small details, it will make a good impression on the employer.
"EY search for the best fit, not the best."
Remember: "EY search for the best fit, not the best.". Long-term commitment is also an important factor in the personnel screening process. To successfully apply for EY, students need to gain experience from their predecessors, set and focus on their career goals, grasp their strengths and weaknesses. Finally, you need to be confident, always be yourself because if you are the right person, the confidence has decided 60% success.
For admission inquiries, please contact:
Hotline: 024. 3555 3555 | 0983 372 988 | 0379 884 488 | 0989 106 633 or inbox directly to VNU – IS fanpage.