EY has promoted 753 partners globally, which is its largest increase in partners since 2008, reflecting the firm’s global growth. Almost a third of the new partners are female, with new partners in emerging markets also accounting for a third of the total. Most promotions were made in the US and in the Assurance sector.
In financial year 2015, professional services firm EY hired 20,000 new people globally, bringing its total headcount to over 210,000 employees. In addition, the firm promoted 753 partners globally, which is EY’s largest increase in partners since 2008. According to EY, the increased number of partner promotions, up 12% since last year, follows its strong growth.
Of the 753 new partners, 232 (31%) are women, which is a record number of women added to the partner rank and a 33% increase compared to last year. To accomplish this, EY promoted more female partners in all geographies than last year, which is in line with its commitment to diversity*. The number of partner in emerging markets also increased by 33% compared to 2014, and now account for a third of all promotions made.
Division of promotions
Almost half of the promotions were made in the US, where 312 (41%) new partners were promoted. The Europe, Middle East, India and Africa (EMEIA) regions saw the second biggest increase with 267 new partners, which is 36% of the total, followed by the Asia-Pacific region (143 partners) and Japan (31). Most promotions took place in the Assurance service line, where 315 people were promoted to partner, or 42% of the total. Within the services Tax (24%) and Advisory (22%) a total of 346 partners were made. Additionally, 78 promotions were within the Transaction Advisory Services and 18 within Business Support.
Commenting on the partner promotions, Mark Weinberger, EY’s Global Chairman & CEO, says: “Today’s large-scale promotions reflect the calibre of the people coming through our organisation, as well as our confidence in our growth and that of our clients. I am proud of the diversity – in gender and geography – of this year’s class. This is a powerful example of the investment we make to develop local and diverse teams. It also speaks to these partners’ ability to out-innovate and outperform. I extend my congratulations to our new partners, along with their families, and applaud their achievements.”
Nancy Altobello, EY’s Global Vice Chair of Talent, adds: “EY is a major global employer, providing high-quality jobs that are backed by extensive training, coaching and development. Today’s new partners are leading examples of this and have achieved this significant distinction for their ability to deliver exceptional client service, build our business and develop the highest-performing teams. We look forward to their continued success at EY.”
* Earlier this year, EY was among the 6 consulting firms that were recognised as top performing companies in diversity management in DiversityInc’s annual Top 50 Companies for Diversity ranking, with EY found on #4.