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EY has delayed the start dates for graduates hired by its American strategy and a treatment advice for the third consecutive year, since the Big Four firm with what it called “uncertain and evolving market conditions.”
The undergraduate and specialty master’s students who had to join EY Parthenon after graduation in the coming months have been told that they are now necessary “as soon as March 2026”.
The measure occurs when the four large accounting and consulting companies navigate a slow market for mergers and acquisitions, penetrates their business businesses and a broader economic uncertainty that has meant that there are less currently used.
Several companies delayed the start dates for the new recruits when the market slowly slowed in 2023, but EY was the only big company that still did, according to Naman Mian, director of Operations of Management consulted, which trains students.
“Other companies tell me that the hiring plans are advancing at ‘all speed,” said Mian, while Ey Parthenon has a different approach. “There are too many consultants in the books and there are not enough projects in the pipe. Hey would only pay the thesis children to sit in the bank.”
In a message sent by email to the members of their recruitment class of 2025, he said that the start date of March 2026 was still “subject to changes, in any direction, as the conditions take place.”
To lose weight the ranks, it is giving recruits the option to carry out their start date to the second half of next year in exchange for a global sum of $ 10000, or get away from the company while allowing you to keep your login bonus.
A person who gymnasts from a sacrifice of a large technology company to join Ey Parthenon called $ 10,000 for a “disrespectful” year delay, and said he was “moody” to collect the news only two days after his graduation ceremony.
“I walked the stage on Saturday and received that email on Monday,” said the person. “They literally open email saying congratulations on their recent graduation and then say:” Oh, by the way, we are going back their state date. “
He was told to the Financial Times that he had given “a small number of updated incoming contracts and options with respect to his start dates. After careful consideration of the current economic environment.”
He added: “Our open communications and in -and -ons with this group include providing them with a start date range to guarantee the quality and amplitude of the tasks, and to establish a solid professional career for our new carpinists.”
The great four have historically operated a model of “ascent or outside” that brings tens of thousands of new recruits every year, but stops quickly. That creates pressure on profits at least people than expected leave the periods of the company of economic uncertainty.
PWC This Monid would fire 1,500 people in the United States, in addition to 1,800, let go of a restructuring at the end of last year. In April, Deloitte executives in an internal call said they would designate staff in all their advice.
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