We have Yashgopal Vaishnav an Article Assistant in the Assurance Team at EY, Mumbai.
Yash cleared CA IPCC in his 2nd attempt and then applied to Ernst and Young (EY).
He tells us -The entire focus while selecting an intern at EY is on QUALITY and not the nos of attempts, references, etc.
You can connect to him on Linkedin – Yashgopal Vaishnav
How did I apply to EY as a Chartered Accountant Intern?
There are multiple ways of applying for an internship in EY, namely:
- Direct Application (where you can go to the website and directly send your CV/ Physically drop your CV at the office of EY),
- Placement Cells of various colleges
I had applied through Placement cell and got selected through the placement cell of my college HR College, Mumbai.
Generally, all the Big 4’s in Mumbai visit some of the commerce colleges viz. H.R. College, NM College, Poddar College, etc.
Big 4’s generally visit these colleges before the declaration of the IPCC (2nd level CA exam) results. During my attempt, EY was the first one to visit our college to select article trainees.
My IPCC 2nd group exams were in the month of Nov’16 and the results came in the last week of January 2017.
However, all the Big 4s conducted their placement in my college before the declaration of the results and it was completed in the month of December 2016. We were given conditional offers, i.e. subject to the clearing of IPCC exams.
How many rounds does the interview consist of?
Their interview process is bifurcated into 3 parts:
- Written Test (Covering Aptitude, Accountancy, General affairs, etc.): It covers aptitude test, general affairs, standards, etc.
- HR Round: General discussion about the qualifications and firm’s policies, regulations, etc. and securing agreement on the same from the candidate.
- Technical Round: It is the most important round and is also the deciding factor. It covers all the knowledge gained in IPCC (2nd level CA exam) such as Accounting Standards, Taxation, and recent trends and changes or expected changes in the Accounting framework.
And the best part about the selection process at EY which I experienced was that the entire process was completed in 1 day itself. I received the offer letter also received by the end of the day.
- Be properly dressed during the interview. Your appearance leaves a lasting impact on the interviewer.
- Always reach before the time for the interview, as you should keep some buffer time for any exigencies.
- If you don’t know about something asked during the interview, directly say it instead of trying to just bluff the answers as the person taking the interview will be experienced enough to make out the same.
- Honestly, I had actually not done some extra work for the interview, since the interview is wholly based on the knowledge gained till CA IPCC and hence it went smoothly.
Misconceptions about applying to Big 4 Chartered Accountant Firms
There are a few misconceptions regarding getting into articleship at Big 4s, namely:
- Candidate should have a reference from an employee or partner in the firm.
- Candidate should clear secure a rank or at least clear both the groups in the first attempt itself.
- Candidates should not be a Transfer Case (Transfers means a CA trainee is shifting from one CA firm to another. Usually transfers are allowed in the 1st year of articleship only).
My case was contradicting all the above three preconceived misconceptions as I did not have any reference in the firm.
Secondly, I did not clear both the CA IPCC Groups in my 1st attempt (May 2016). I had failed in ITSM and had to give Audit and ITSM again since I had an exemption in Advanced Accounting by scoring 72.
I was also a transfer case! I had started my articleship in a relatively small firm and then took a transfer post clearing my CA IPCC Group 2 (Feb 2017).
So the conclusion is – The entire focus while selecting an intern is QUALITY and not the attempts, references, etc.
My 1st Day as an Intern in EY:
I cannot forget the first day at EY as it was the beginning of my professional journey and I can never forget my first step.
I was scared the first day, nervous to an extent!
EY has a 2 days induction programme for the new joiners.
The best part of the induction programme at EY is that it is an all-inclusive one, i.e. all the new joiners who joined that week will undergo the induction programme together.
So irrespective of the designation and the service line there is one common induction for all of the new joiners of that week.
The induction programme is like a gateway to the forthcoming journey at EY.
The programme aims to provide us with a basic understanding of the EY’s way of working and the other rules, procedures that are to be followed at all times for official work.
The facilitators conducting the programme are very helpful and are always ready to help especially the interns since it is our beginning stage and we are all very young and still in college.
My learnings till date at EY:
I am into Assurance service line of EY and hence I have complete exposure in carrying out Statutory Audits and Group reporting of companies.
Working at EY has transformed me from an amateur to a professional.
My articleship journey is not yet over, but my experience so far is very good and by God’s grace I expect the remaining period will also be exciting and full of learnings.
By working at a Big 4 professional firm, the biggest advantage is that the person will become good at multitasking since one has to manage college, office, coaching and if time permits certain hours of self-study.
One also gets to visit various places during the course of audits which can be very exciting (and tiring too!).
I was lucky as I received an opportunity to visit Dubai on one of my engagements and it was the most cherishing experience. As a recently joined article, it was very rare for me to get involved in overseas engagements, so I was really lucky to get this exposure.
Working hours can vary from period to period as there can be cases when you can leave at 6 pm and there can be cases where you will have to sit even till 3 am to meet the deadlines.
The best part of EY is that it arranges a compulsory six days residential ‘Assurance Intern School-AIS’ programme every six months for all its new interns who have joined during the last six months.
In this training, interns from across the country meet at one place for training and the experience there cannot be described in words. It is one of its kind programme across Big 4s, as per my knowledge.
Dealing with Politics at work:
Generally, the work environment in EY is very positive and rarely I’ll say people may have to face politics in the workplace. If a person faces politics in EY, he can easily approach the designated officials within the firm.
Also, the partners in EY are approachable and there are no barriers while communicating with the partners.
Even a person at an intern level can freely express his views to everyone which will be appreciated and welcomed by all.
EY also has a unique initiative of assigning buddy and counselor to its staff who help us in our forthcoming journey at EY.
Leave Policy in Big 4 Chartered Accountant Firms:
Generally, an article at EY will get around 5 months of leave, i.e. from the month of December if the attempt is due in May next year.
There will be hardly any issues that an article will face with respect to leaves.
Interns are eligible to also take leave for college exams if they are pursuing any other course along with CA.
Leaves are to be planned well in advance so that the engagement plotting is not hindered.
Normally, in April and May and the months corresponding the quarter endings are peak periods and hence leaves during this period may not be entertained unless there is an emergency such as medical issues or examinations.
Related Article: My CA journey and articleship experience at EY
MY CA journey:
I will not say that I always wanted to be a CA, because that would be a false statement since the very first thought of doing CA struck me when everyone else from my group were doing CA and I myself was very confused because till then a person has only cleared grade 12 and is not mature enough to take big decisions
A little about my failures:
I was a good student all through my school life and failing in IPCC was my first academic failure.
I was obviously let down, but I was determined to complete the CA course.
I started my articleship in a small firm after clearing my CA IPCC Group 1 since I did not want to delay my CA Final attempt (only after completing 2.5 years of articleship one can give CA Final exam).
Managing IPCC Group 2 studies along with articleship and college was a challenging task, but luckily I was able to get through it and cleared my Group 2 in the next attempt.
There are two more similar instances in my life where I faced failure although not related to the CA course I would like to narrate them here:
In Maharashtra, we have schools only till 10th-grade post which we have junior college (So in India college is from class 11th to class 15. From class 11 to class 12 college is known as junior college )
I always wanted to be in HR College but their cutoffs are generally on the higher side.
In my 10th grade, I secured around 87% initially and I was disheartened as I was expecting somewhere above 90% and the cutoff of HR College was also around 90% during my time (2013).
I cried a lot in front of my mother since the percentage was below my expectations and I had lost around 22 marks in Mathematics which was my forte.
So my mother consoled and directed me to apply for photocopy of my written answer sheets (thanks to RTI) and verify it so as to ensure where have I actually lost marks.
There were people who told me that by doing all this I may even lose more marks, but thanks to the support from my mother I did not give up.
After all this verification it was found that there was an error of around 17 marks in my internals which was not included in the overall total./
Post increase of 17 marks my percentage touched exact 90%, but it was too late as the new mark sheet came in the month of November 2013 and by that time I had already taken admission in another college.
So now, the only option left to get into HR College was after clearing 12th grade. As luck would have it, this time again the same tragedy happened.
I had scored around 87% again but the cutoff of HR college was around 89%.
This time I lost marks in Accounts paper which was one of my good subjects, Again repeating the same process, it was found that there was an error of 13 marks which would have increased my score above 89%.
But this time, I was lucky as the new mark sheet was received within 1 month itself with the revised score of 89.08% and as the admission process was still going on, I got admission into my desired college.
This time the situation was even more difficult as I had to manage all this along with my CPT (June 2015) and also visit the board office, college, etc. regularly for this work.
My advice to all is – Everything is possible and never give up.
Also, I request the readers of this article to wish me good luck for my CA Final exams which I’ll be appearing in May 2019 – he concluded.
You could reach him at firstname.lastname@example.orgemail@example.com