EY doesn't require college degree … article

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  • #750868
    OlintoJr
    Participant

    Yes the story is true. EY is no longer requiring their security guards, janitors, or maintenance people to hold college degrees.

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    #750869
    saemandr
    Participant

    From how I read it… it just sounds like E&Y will no longer be focusing on who went to which college and this college is better than that college and will focus more on what the person has accomplished in the real world and what people are naturally better at (think DISC test… you wouldn't want someone who is an “introvert” having a sales job, etc), instead of how well they did in college (maybe just wishful thinking from someone with a not so high undergrad GPA)

    “Instead, EY will be turning to more accurate measurements of future success, like skills tests, aptitude tests, and looking at what a candidate has actually accomplished in the past (versus through which hoops a degree says they jumped).”

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    #750870
    acamp
    Participant

    Can't be true for audit, as that would also prevent you from getting licensed.

    I could see this in areas where there are no licensing requirements that need a degree.

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    #750871
    mystical guy
    Member

    They may not require degrees but you still need a CPA to certify financials – soooo… On top of that, I hear Big 4 firms compete for clients by stating how many people have whatever qualifications. Apparently clients are even given resumes of people who might potentially work for them and they reject those who don't have enough education/experience/certifications. It'll be interesting to see what happens with this.

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    #750872
    Missy
    Participant

    I wonder what percent of their staff is strictly admin, and that's what they're referring to? I know very little about public but aren't there receptionists and admin support?

    Licensed Massachusetts Non Reporting CPA since 2012
    Finance/Admin/HR Manager

    #750873
    MaLoTu
    Participant

    The article definitely did not get into any specifics. The article begins with a blanket statement that they have seen no difference in quality among employees with degrees and without, but they do not furnish proof in the article, perhaps EY did have actual data to support this.
    I think that this is a ploy of sorts, in all honesty. There are tons of people commenting high accolades and praises for EY who have NO clue about public accounting. They just like the sentiment that people should not be vetted based mostly on a college degree, which I agree with. However, in public accounting, not having the basic means of earning a CPA license (in audit/tax/ and in some cases consulting) will hugely stifle the earning potential of the employee. I do not believe without the CPA that an individual can progress beyond senior (right?). They can always go to private, but is an industry employer going to be as welcoming of someone without a college degree and probably only 3 years of experience?

    Then my last question … is it more advantageous to leave college off of your resume at EY then to include a college that is not recruited from or has a mediocre reputation? College discrimination does occur in these institutions (which is fine), does this make a loophole of sorts?

    I just do not see this being practiced in real life …

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