consulting business

Be a Consultant at Ernst & Young

By Lisa Washington 19 July, 2023 2 mins read

EY consultants are a rewarding experience for those who love working with clients and being involved in the business world. EY is well-known for its training programs, and you will have many opportunities to learn on the job. This work environment will allow for you to make mistakes while learning.

Ananth Sundarrajan

Ananth Sundarrajan is an MBA candidate, who has cut his consulting teeth with Ernst & Young. He worked in the Military Technology division of the Government of India designing satellite components before joining Ernst & Young. He was then appointed as a Singapore Marketing Executive. Ananth has worked in many sectors and is currently studying for his MBA at INSEAD in France and Singapore.

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. Their services span law, strategy, tax, transactions, and assurance. EY is committed diversity, equality and inclusion. They offer equal employment opportunities to individuals with disabilities and all other legally protected categories.

Starting salary as an Advisory Staff at EY is $80,000 per year, and you can earn up to $150,000 in a few years. EY can help you become an Advisory Director if your goal is to make more money. The annual salary of an Advisory manager is $148,000, plus $7,000 in bonuses.

Tax Manager

EY's Tax Manager consultants will immerse themselves in the ever-changing tax environment. Your tasks include advising clients about planning opportunities and helping clients file income tax returns. You may also coach and develop your team.

EY pays $123,000 per year for a Tax Manager consultant, or roughly $59 an hours. This is almost 30 percent higher than the national median. EY Tax Managers earn more than their peers, as the average income of all Americans is $60,000 per annum. According to the latest EY salary report, the highest-paid Tax Managers work at The Walt Disney Company and the lowest-paid are employed by Amscot Tax Service.

Senior Tax

An EY Tax Senior consultant can earn anywhere from $67,000 to $83,000 per year. This includes a $80,000 salary base and $3,100 in bonuses. It does not include commissions, profit sharing, or commissions. EY also offers bonuses to employees. EY Senior Consultants are paid $122,000 annually and are responsible for providing client service in all aspects.

An EY Tax Senior Consultant salary varies by location. A tax senior consultant in Washington, DC, makes about $80,000 per year. The salary includes a $3,000 profit sharing bonus and a $3,000 cash bonus. The senior manager can also earn more that $64,000 per annum if he or her is among the top 10 percent.

FAQ

How much should a consultant charge?

It all depends upon what you offer. If you're providing services for free, there is no reason to charge anything. But if your services or products are for sale, you will need to establish prices that reflect their value.

If you're providing low-quality service, you don’t have anything to offer. Why should anyone pay for your services?

You might be able ask for a more expensive price if your services are of high quality. People recognize the value in you offering. It is possible to offer discounts to clients who order multiple packages.

What degree do I need to become a consultant?

Learning a lot about a subject and then applying it to your life is the best way to be an expert.

If you are interested in becoming a great advisor, then start learning now!

Employers may be reluctant to hire people with a degree, but not the relevant experience. However, if you can demonstrate that you've studied the same subjects as those who got the jobs, you could still apply.

Employers will always seek out candidates who have real-world experience.

What types of jobs are available as a consultant?

Consultant work requires a deep understanding of business strategy, operations, and other aspects. You need to be able to comprehend how businesses function and how they fit in with society.

A career as a consultant requires you have great communication skills and a strong ability to think critically.

Because they might be required to complete different tasks at different times, consultants must be flexible. They should be flexible enough to change direction quickly if needed.

They should be prepared to travel extensively in support of their clients. This kind of work can take them around the world.

They must also be able handle stress and pressure well. Consultants may need to meet strict deadlines.

Consultants are often expected to work long hours. This could mean that overtime may not always be paid.

How can I become an expert consultant?

The first step is to find an area you are passionate about. Then you have to build relationships. Understanding your clients' needs and operating style is essential. Finally, you have to deliver results for your clients.

Although you don't have the ability to do everything perfectly, you must be better than anyone else. You also need to have a passion for what you do. It is not enough to simply say, "I want to become a consultant." It's important to believe in your abilities and do what you love.

Statistics

My 10 years of experience and 6-step program have helped over 20 clients boost their sales by an average of 33% in 6 months. (consultingsuccess.com)
According to IBISWorld, revenues in the consulting industry will exceed $261 billion in 2020. (nerdwallet.com)
67% of consultants start their consulting businesses after quitting their jobs, while 33% start while they're still at their jobs. (consultingsuccess.com)
WHY choose me: Why your ideal client should choose you (ex: 10 years of experience and 6-week program has helped over 20 clients boost their sales by an average of 33% in 6 months). (consultingsuccess.com)
Over 62% of consultants were dissatisfied with their former jobs before starting their consulting business. (consultingsuccess.com)