EY delays Start data for consulting crowds for the third year in a row

Switch off the editor’s digest free of charge

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

EY delayed the start data for graduates, which were discontinued by its US strategy and deal consulting business in the third time in a row, since the Big Four company deals with the so -called “uncertain and developing market conditions”.

Students of the Bachelor and the specialty champion, who should join Ey Parthenon after graduation in the next few months, it was announced that they would now be needed “not earlier than March 2026”.

The step comes as the big four Accounting and consulting companies Navigate in a sluggish mergers and acquisitions, Crimbs their businesses and broader economic uncertainties, which caused fewer current employees to leave.

Several companies delayed the start data for new recruits when the market slowed down in 2023, but EY was the only big company that was still doAccording to Namaan Mian, Chief Operating Officer of Management consulted who trains students through the recruitment process.

“Other companies tell me that the setting plans” advance “in advance”, said Mian, while Ey Parthenon chose a different approach. “There are too many consultants in the books and not enough projects in the pipeline. Ey would only pay for these children to sit on the bench.”

In a message to members of his recruitment class 2025, Icing said that the start date in March 2026 was still “changing in both directions -while the conditions are developing”.

In order to continue to dilute the rows, recruits are possible to bring their start date to the second half of the next year in order to achieve a lump sum of $ 10,000 or to remove themselves from the company while they can keep their registration bonus.

A person who rejected an offer from a large technology company to join Ey Parthenon named $ 10,000 for a one-year delay “disrespectful” and said it was “bad” to receive the news only two days after her final ceremony.

“I ran the stage on Saturday and received this e -mail on Monday,” said the person. “You literally open the e -mail by saying congratulations on your last conclusion, and then continue to say:” Oh, by the way, we are pushing your state date back. “

The Financial Times said that “a small number of detailed employees had updated the guidelines and options in relation to their start data. After careful consideration of the current economic environment”.

It added: “Our open and ongoing communication with this group includes the provision of a start date area to ensure the quality and width of the tasks and create a strong professional trajectory for our new carpenters.”

In the past, the Big Four have operated an “up or out” model that brings tens of thousands of new recruits every year, but quickly the rows thin. This creates pressure on profits when fewer people than expected leave the company in times of economic uncertainty.

PWC said this month dismissed 1,500 people in the USA, in addition to 1,800, released a restructuring at the end of last year. In April, Deloitte executives announced on an internal call that it would be released in his advisory business.