Ey delays begin dates for recruit consultation for the third year in a row

Unlock Free

Roula Khalaf, publisher of the FT, selects her favorite stories in this weekly newsletter.

Ey has delayed the start dates of graduates contracted by their strategy and the advisory business in North -Americans for the third year in a row, as the four major firms climb what he called “uncertain and evolving market conditions”.

Master and specialized students who had to be part of Ey Parthenon after graduation in the coming months have been told that they would now need “before March 2026”.

The movement comes like the four grains Accounting and Consulting Companies Move -a slow market for mergers and acquisitions, dragging its offers businesses and a broader economic uncertainty that has meant less current employees.

Several companies delayed the start dates for new recruits when the market was slowed by 2023 but Ey was the only big company that was He still doesAccording to Namaan Mian, Operational Director of Consultation Management, who coaches the students through the contracting process.

“Other companies tell me that hiring plans are moving forward to” all the speed ahead, “Mian said, while Ey Parthenon has adopted a different approach. “There are too many consultants about books and there is not enough projects in the canalization. Ey would only be paying these children to sit on the bench.”

In an email to members of their 2025 recruiting class, Eyer He said that the start date of March 2026 was still “subject to changing, in any direction, as the conditions are developed”.

In order to thin the ranks, the option of pushing the start date in the second half of next year in exchange for a $ 10,000 ski pass, or moving away from the firm while allowing them to maintain their bonus, are giving the rows.

A person who rejected a large technology company to join Ey Parthenon called $ 10,000 for a “disrespectful” year delay and said it was “crunchy” to receive the news only two days after his graduation ceremony.

“I walked the stage on Saturday and received this email on Monday,” said the person. “They literally open the email by saying congratulations on your recent graduation, and then they continue to say,” Oh, by the way, we push the date of state again. “

Ey told The Financial Times that he had given “a small number of incoming contracts and updated options on his start dates … after a careful consideration of the current economic environment”.

He added: “Our open and continued communications with this group include providing them with a start date interval to ensure the quality and breadth of tasks and establish a strong career for our new peers.”

The Big Four have historically operated a “up or out” model that provides tens of thousands of new recruits each year, but it is raised rapidly. This creates pressure on the benefits when fewer people than expected leave the firm during periods of economic uncertainty.

PWC this month said he would to say goodbye 1,500 people in the United States, in addition to 1,800, was released in a restructuring at the end of last year. In April, Deloitte’s executives on an internal call said that it would be the staff of their advisory company.