consulting jobs

Be a Consultant at Ernst & Young

By Lisa Washington 5 April, 2023 2 mins read

Being a consultant at EY is a great experience for anyone who enjoys working with clients and getting involved with the business world. The company is known for its training classes, and there are plenty of opportunities to learn the business. This type of work environment is conducive to learning and allows you make mistakes.

Ananth Solarrajan

Ananth Sundarrajan has completed his MBA and started his career in consulting with Ernst & Young. Prior to joining the firm he worked as a satellite component designer for the Government of India's Military Technology division. After that, he was appointed as a Marketing Executive in Singapore. Ananth has worked in many industries and is currently studying for his MBA in France at INSEAD.

Advisory Staff

If you're interested in joining the Advisory Staff at EY, then you've come to the right place. EY has over 150 offices around the world to help clients grow their companies. They offer services in law, strategy and tax as well as transactions and assurance. EY is committed towards diversity, equality, inclusion. EY provides equal employment opportunities for people with disabilities, and all other legally protected classes.

EY has a $80,000 annual starting salary for Advisory Staff. In a few short years, you can make up to $150,000. If you're looking for more money, you can work towards becoming an Advisory Manager at EY. The salaries for an Advisory Management Manager are $148,000 per annum, which includes $7,000 in bonus payments.

Tax Manager

You'll be immersed within the constantly changing tax environment as a Tax Manager Consultant at EY. There are many tasks you will perform, from helping clients with tax filings to providing advice on planning options. You will have the chance to coach and develop your engagement staff.

EY offers a tax manager consultant position that pays $123,000 per annum, or approximately $59 per hour. This is nearly 30% more than the national average. EY Tax Managers make nearly 30% more than the average worker in America, who earns about $60,000 annually. The Walt Disney Company is the top-paid Tax Manager, while Amscot Tax Service ranks the lowest.

Senior Tax

EY Tax Senior consultants can earn between $67,000 and $83,000 annually. This figure includes a $80,000 base salary and bonuses of $3,100. It does not include profit sharing or commissions. EY also offers bonuses for its employees. EY Senior Consultants earn $122,000 per year and are responsible for all aspects client service.

The salary of an EY Tax Senior Consultant varies depending on where you live. A Washington, DC tax senior advisor earns about $80,000 annually. The salary includes a $3,000 Bonus and Profit Sharing. If the senior manager is in the top 10%, he/she can earn more than $64,000 annually.

FAQ

How much should you charge as a consultant?

It depends on what service you provide. If you are offering services for free, it is not worth charging anything. But if your services or products are for sale, you will need to establish prices that reflect their value.

If you offer low-quality services then you don’t have anything for sale. So why would anyone pay you anything?

If you're providing high-quality services you might ask for a greater price. Because people are aware of the value you provide, they will be more willing to pay you a higher rate. Also, clients who purchase multiple packages from your company may get discounts.

What contracts are available for consultants?

When they are hired, most consultants sign standard employment contracts. These agreements outline how long the consultant will work for the client, what he/she will get paid, and other important details.

Contracts may also include details about the specific areas of expertise that the consultant is going to be focusing on as well as how they will be compensated. A contract may state that the consultant will deliver training sessions or workshops, webinars, seminars and other services.

Other times, the consultant simply agrees to complete specific tasks within a specified timeframe.

Many consultants also sign independent contractor agreement in addition and standard employment agreements. These agreements allow the consultant to work independently but still receive payment for his/her efforts.

What is a consultant anyway?

Consultants provide services for others. This is more than a job title. You help others achieve their goals. This is done by helping others understand their options and making the right decisions.

Consultants are skilled at solving problems and overcoming challenges that can arise during projects. Consultants can also offer advice and guidance regarding how to implement these solutions.

Consulting should be able address questions related to law, finance and technology.

How much does it cost to hire a consultant?

The cost to hire a consultant depends on many factors. These factors are:

Project size
Time frame
Scope of work
Fees
Deliverables
Other considerations include experience level, geographic location, and so forth.

Do I really need legal advice?

Yes! Yes! Many consultants create contracts without consulting clients. This can lead into problems down-the-road. What happens if the client cancels the agreement prior to the consultant's completion? Or what happens if a consultant fails to meet the deadlines in the contract?

It's best to consult with a lawyer to avoid potential problems.

Statistics

On average, your program increases the sales team's performance by 33%. (consultingsuccess.com)
According to statistics from the ONS, the UK has around 300,000 consultants, of which around 63,000 professionals work as management consultants. (consultancy.uk)
"From there, I told them my rates were going up 25%, this is the new hourly rate, and every single one of them said 'done, fine.' (nerdwallet.com)
According to IBISWorld, revenues in the consulting industry will exceed $261 billion in 2020. (nerdwallet.com)
So, if you help your clients increase their sales by 33%, then use a word like “revolution” instead of “increase.” (consultingsuccess.com)