EY tops partner intake record with 1,000+ promotions globally

04 July 2022 Consultancy.uk 2 min. read
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Professional services firm EY has announced more than 1,000 new partners across its global member firms. This sees the largest cohort of new partners in the firm’s history, with one-third of the appointments being women.

Regardless of the global coronavirus crisis and subsequent recession, a number of the world’s largest professional services brands still came through the pandemic years comfortably. In its most recently reported financial year, EY enjoyed a boost of 7.3% in revenues – pushing its global income to $40 billion – with growth across all service lines and geographical areas.

This solid financial performance has enabled EY to double down on investment campaigns aimed at expanding its reach on multiple fronts. With its consulting business currently coming in for hefty demand, the Big Four giant is working to double the function’s headcount to 10,000 in the coming four years, while sustainability wing EY Carbon also plans to bring 1,300 people on board.

EY tops partner intake record with 1,000+ promotions globally

All this growth has also necessitated the increasing of EY’s global partnership. As such, the firm has announced a record-breaking intake of partners across its international entities. Last year, 830 people were promoted to partner with EY around the globe – a record in its own right – but this has been blown away by the 1,033 promotions in 2022.

Trent Henry, EY Global Vice Chair – Talent, remarked, “I’m proud of every one of the newly promoted partners who will bring their transformational leadership skills to serve EY clients better while also building an inclusive and supportive culture for all. The exceptional EY experience is theirs to build.”

There are more than 312,250 EY people in more than 150 countries around the world. Of the new intake of partners, 32% were women, as EY continues working to improve its gender balance at a senior level. Meanwhile, on a geographical level, the largest share of partners came from EY’s European, Middle Eastern, Indian and African member firms, with 423 promotions – or 41% of the overall elevations.

Traditionally, EY has been best known for its accounting and auditing work, and as such, assurance accounted for the largest proportion of partner promotions, with 33% of them. However, reflecting the growing stature of EY’s consulting function, the portion of partners from that line rose one point to 26%.

Carmine Di Sibio, EY Global Chairman and CEO, added, “Congratulations to all new EY partners for achieving this exceptional career milestone. Every one of these transformative leaders has brought EY values to life and their promotions are the result of their dedication to the EY purpose of building a better working world.”